Listed properties: How to successfully master the purchase and renovation process

Buying a listed property is a special investment that can offer both aesthetic and financial benefits. This type of property is often historically valuable, often in a central location and has a unique charm that makes it attractive to investors and owner-occupiers alike. However, the purchase also comes with special challenges, particularly with regard to refurbishment and compliance with listed building regulations. For buyers in the metropolitan region of Nuremberg, Fürth, Erlangen, Schwabach and Roth, purchasing a listed property can be a worthwhile decision if they are well informed and make the right decisions.

Challenges when buying listed properties

Buying a listed property not only brings advantages, but also challenges. The renovation and preservation of such buildings in particular are subject to strict regulations that must be observed. This can lead to higher costs and longer construction times. At the same time, there are financial incentives, such as tax write-offs and subsidy programmes, which make this investment more attractive.

What are listed properties?

Definition and meaning

Listed properties are buildings that have been placed under special protection due to their historical, cultural or architectural significance. This protection is intended to ensure the preservation of the building's substance and appearance. Property buyers who opt for such a property take on the responsibility of preserving the heritage.

Requirements and conditions

Special requirements apply to the purchase and renovation of listed properties. Changes to the building fabric, façades or even windows must be carried out in consultation with the heritage protection authorities. Traditional building materials and techniques often have to be used, which can increase the costs compared to conventional property projects.

Advantages of a listed property

Tax depreciation options

One of the biggest advantages of buying a listed property is the tax benefits. Here in particular the Depreciation according to §7i EStG (Income Tax Act) plays a central role. This regulation enables owners to, 90 % of the refurbishment costs over a period of 12 years. This takes the form of staggered amortisation: In the first 8 years, the following can be deducted 9 % and in the following 4 years 7 % of the refurbishment costs can be deducted.

These tax benefits apply to both owner-occupiers and landlords and offer considerable financial relief. However, the prerequisite is that the measures have been agreed and approved by the monument protection authorities.

Example: An investor in Fürth acquires a listed property and invests €100,000 in its refurbishment. Over the first 8 years, he can write off €9,000 per year and €7,000 over the next 4 years. This significantly reduces his tax burden and makes the refurbishment more financially attractive.

Preservation of historic buildings

For many buyers, the sentimental value is decisive: the preservation of cultural assets and historic buildings has a special appeal for them. Listed properties exude character and history and are often unique on the property market.

Attractive location

Listed buildings are often in sought-after locations, e.g. in old town districts or popular residential areas. This also makes them a stable investment in the long term.

Challenges and risks

High refurbishment costs

Renovating listed properties can be expensive. As many structural changes have to be agreed with the heritage protection authorities, costs for materials, tradesmen and licences can be higher than for modern properties.

Long refurbishment times

Timing can also be influenced by the monument protection requirements. The approval processes for refurbishments or modernisations are often complex and time-consuming. This can lead to delays in completion.

Limited design options

The individual design options for listed properties are often severely restricted. Certain measures, such as replacing windows or remodelling the façade, must be carried out in accordance with the guidelines for listed buildings.

Tips for buying and refurbishing

1. obtain expert advice

Before you buy a listed property, it is advisable to seek comprehensive advice. An expert in heritage conservation or an architect with experience in dealing with historic buildings can provide valuable support.

2. financial planning

Make sure that you realistically estimate the financial outlay for the purchase and refurbishment. Also consider possible subsidies and tax benefits that can reduce the costs.

3. close coordination with the monument protection authorities

Maintain close cooperation with the relevant authorities. Early coordination prevents costly mistakes and ensures that the refurbishment runs smoothly.

4. utilise state subsidies

Take advantage of government subsidy programmes that have been set up specifically for the preservation of listed properties. These can be provided in the form of grants or low-interest loans.

Advantages of advice from my-home.de

my-home.de offers you comprehensive support when buying and renovating listed properties in the metropolitan region of Nuremberg, Fürth, Erlangen, Schwabach and Roth. Our network of experts and specialists will provide you with sound advice to help you make the right decisions.

• Customised financing solutionsWe will find the right financing for your project.
• Professional refurbishmentWith our network of craftsmen and architects, the refurbishment of your property will be realised smoothly and professionally.
• Legal securityWe provide you with comprehensive advice on all questions relating to monument protection requirements and funding opportunities.

Our tip:

Buying a listed property is a special challenge that should be approached with careful planning and preparation. Let the experts at my-home.de to successfully acquire and renovate your listed property. With the right strategy and professional support, your investment can be stable in value and profitable in the long term.

Q&A - Buying a listed property