Sanierung vs. Abriss: Take your money and run?!

The first part focused on new construction. Now things get more uncomfortable: Professor Timo Leukefeld turns his attention to existing buildings, and the assessment is stark. The renovation rate has plummeted from 1.5 to 0.7 percent. In other words, less and less is being renovated, not more. Timo explains why this isn't due to technological advancements, but rather because partial renovations simply aren't cost-effective. His conclusion: either a complete overhaul, a clean slate, or nothing at all. And this approach only works for about 20 percent of existing buildings. The example of Aschersleben provides a concrete illustration. A GDR-era prefabricated apartment building, slated for demolition, was renovated for 5 million euros. Previously, the base rent was 5.50 euros; now it's 11.50 euros per square meter, including a flat-rate energy fee. All remaining tenants signed up voluntarily, and there were 50 applications per apartment in an area with a 30 percent vacancy rate. You'll find out why this approach works in the following episode. For homeowners, there's the "Grandma Merenke solution": PV panels, an immersion heater in the old boiler, and two infrared panels in the core area. Less investment than a heat pump, significantly more effective. Next, the discussion turns to the energy transition. Timo explains why the often-cited figure of 50 or 60 percent renewable energy only represents a mere quarter of the total, with the actual share of total consumption being around 25 percent. He also discusses why he considers bidirectional charging nonsense, what he would change first as a minister, and why the future often fails due to a lack of imagination. This episode is for homeowners, investors, and developers who have to make a decision regarding existing properties. We've linked the first part on energy-independent new construction here. Host: Alexander Schmid Instagram: Instagram: alexander_schmid_podcast LinkedIn: www.linkedin.com/in/alexander-schmid-podcast Website: https://irecc.de Start podcast: https://podcastmentor.de/start Guest: Prof. Dipl.-Ing. Timo Leukefeld LinkedIn: LinkedIn: timo-leukefeld Website: https://www.timoleukefeld.de/ For homeowners: https://www.oma-merenke.de/ Why 80 percent of all buildings become a losing proposition when it comes to property renovation. Prof. Timo Leukefeld explains. Prof. Timo Leukefeld analyzes the harsh reality of existing building renovation. Many projects fail because economic viability is completely ignored. Instead of ecological ideals, only the rental yield counts in the end. He explains why most existing buildings are best left untouched before investors risk their capital. Using concrete examples from Aschersleben, he demonstrates what successful property renovation can look like and the role the energy transition plays in it. He also provides a pragmatic solution for homeowners that is more efficient than a conventional heat pump. This episode is essential reading for all owners and developers who need to make sound financial decisions regarding existing properties. Subscribe to the channel for weekly insights into the real estate industry and let us know in the comments: What are your thoughts on the current renovation mandate? 00:00 The most important pillar is profitability 02:57 The renovation rate falls to 0.7 percent 05:40 Aschersleben: the prefabricated building that was supposed to be torn down 07:08 I've become anti-green 11:47 5 to 7 euros per square meter on top 15:14 Take your money and run 16:41 What's Grandma Merenke doing? 26:21 Which 20 percent are suitable? 42:46 25 percent instead of 60: the number nobody mentions 01:04:22 The future fails due to lack of imagination Disclaimer: This podcast is for informational and entertainment purposes only and does not constitute advice. We assume no liability for the accuracy, completeness, or consequences of decisions based on the content. The opinions of the guests do not necessarily reflect those of the host. We assume no responsibility for external links. Success stories of personalities from the real estate industry. You can find more information about the Real Estate Lounge at: http://www.irecc.de ➡️ Would you like to be a guest on the podcast and talk about your company or projects? Book an appointment with me now: https://calendly.com/irecc/podcast 🔗 Do you have a recommendation for my podcast? Who should I definitely invite? Let me know! 🎧 Listen now: 🍏 Apple Podcasts: https://buff.ly/40r6Fc8 🎧 Spotify: https://buff.ly/3Pvnw7o ▶️ YouTube: https://buff.ly/4hcHhfP #RealEstateIndustry #PersonnelCosts #Recruiting #FurtherEducation #RealEstateLounge #Networking