[et_pb_section fb_built=”1″ fullwidth=”on” _builder_version=”4.16″ global_colors_info=”{}”][et_pb_fullwidth_image src=”https:\/\/old.offimac.com\/wp-content\/uploads\/2025\/02\/visual-planning-software.webp” title_text=”visual planning software” _builder_version=”4.27.4″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” animation_style=”slide” animation_direction=”left” animation_duration=”500ms” animation_intensity_slide=”10%” animation=”left” border_style=”solid” global_colors_info=”{}”][\/et_pb_fullwidth_image][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_row _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n
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As a property owner, it is essential to properly maintain your properties. This facilitates leasing and contributes to satisfied tenants. In addition, a well-done renovation can significantly increase the resale value of your property. Before embarking on a renovation project, however, thorough preparation is crucial: establish a detailed budget and request several quotes for the planned work. A well-thought-out renovation plan can save you many unforeseen problems and costs. <\/p>\n
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Several considerations may lead to the decision to renovate your property. Some key benefits include: <\/p>\n
<\/strong><\/p>\n The cost of a renovation project in Belgium depends greatly on the nature and scope of the work. Below is an indication of the average cost per square meter, depending on the type of renovation: <\/p>\n Type of Work<\/p>\n<\/td>\n Average Price per M\u00b2<\/p>\n<\/td>\n<\/tr>\n<\/thead>\n Refresher<\/p>\n<\/td>\n 300 euros\/m\u00b2<\/p>\n<\/td>\n<\/tr>\n Complete renovation<\/p>\n<\/td>\n 850 euros\/m\u00b2<\/p>\n<\/td>\n<\/tr>\n Major renovation<\/p>\n<\/td>\n 1200 euro\/m\u00b2<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n Exporting to Spreadsheets<\/p>\n These prices are averages and may vary due to various factors.<\/p>\n A more detailed breakdown of costs by specific activity can help you prepare a budget:<\/p>\n Efficacy<\/p>\n<\/td>\n Average Cost<\/p>\n<\/td>\n<\/tr>\n<\/thead>\n Demolition\/construction of partition walls<\/p>\n<\/td>\n 30 to 40 euros\/m\u00b2<\/p>\n<\/td>\n<\/tr>\n Modifications to load-bearing walls<\/p>\n<\/td>\n 80 euros\/m\u00b2<\/p>\n<\/td>\n<\/tr>\n Large exterior windows<\/p>\n<\/td>\n 80 euros\/m\u00b2<\/p>\n<\/td>\n<\/tr>\n Bathroom renovation<\/p>\n<\/td>\n 6000 to 9000 euros<\/p>\n<\/td>\n<\/tr>\n Toilet renovation<\/p>\n<\/td>\n 1700 to 2500 euros<\/p>\n<\/td>\n<\/tr>\n Kitchen renovation<\/p>\n<\/td>\n 1200 to 1700 euros<\/p>\n<\/td>\n<\/tr>\n Roof renovation<\/p>\n<\/td>\n 70 to 110 euros\/m\u00b2<\/p>\n<\/td>\n<\/tr>\n Renovation heating<\/p>\n<\/td>\n 110 euros\/m\u00b2<\/p>\n<\/td>\n<\/tr>\n Renovation of power grid<\/p>\n<\/td>\n 30 to 35 euros\/hour<\/p>\n<\/td>\n<\/tr>\n Renovation plumbing<\/p>\n<\/td>\n 5000 euros<\/p>\n<\/td>\n<\/tr>\n Renovation facade<\/p>\n<\/td>\n 40 euros\/m\u00b2<\/p>\n<\/td>\n<\/tr>\n Renovation windows and doors<\/p>\n<\/td>\n 100 to 7000 euros<\/p>\n<\/td>\n<\/tr>\n Renovation of interior walls<\/p>\n<\/td>\n 30 euros\/hour<\/p>\n<\/td>\n<\/tr>\n Finishes<\/p>\n<\/td>\n 30 to 40 euros\/hour<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n Exporting to Spreadsheets<\/p>\n These estimates can serve as a basis for your renovation budget. For a more precise estimate, however, more specific criteria are important. <\/p>\n The final cost of a renovation can differ significantly from initial estimates. Therefore, it is highly recommended that you always request quotes before work begins. <\/p>\n <\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” custom_margin=”38px|auto||auto||” custom_padding=”0px||0px|||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” custom_margin=”||35px|||” global_colors_info=”{}”]<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_2,1_2″ _builder_version=”4.27.4″ _module_preset=”default” custom_padding=”7px||48px|||” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https:\/\/old.offimac.com\/wp-content\/uploads\/2025\/11\/Offimac-Odoo-verhuursoftware.webp” title_text=”Offimac Odoo rental software” _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n <\/strong><\/p>\n [1] McKinsey & Company.<\/b> The Value-Enhancing Renovation: Prioritizing Investments for Highest Rental Yield.<\/i> [2] Academic Research (Real Estate Economics).<\/b> Quantitative Analysis of the Correlation between Qualitative Renovations and Rise in Rental Value.<\/i> [3] Flemish Energy and Climate Agency (VEKA).<\/b> The Financial Impact of Energy Improvements (EPC Score) on Capital Gains and Rent.<\/i> [4] Journal of Property Investment.<\/b> Optimizing the Sweet Spot between Investment Cost and Rent Maximization.<\/i> [5] Real Estate Sector Report.<\/b> Market Analysis: Which Renovation Trends Are Tenants Demanding and Delivering the Highest Return?<\/i> [6] Deloitte or PwC (Belgium).<\/b> Fiscal Optimization: The Correct Processing of Renovation Costs and the Use of Premiums.<\/i> [7] Construction Industry Federation (e.g., Construction Confederation).<\/b> Cost Estimating and Planning: Project Management of Efficient Renovation Projects.<\/i> [8] Harvard Business Review (HBR).<\/b> Strategic Decision Making: Using Data Analysis to Prioritize Renovation Needs.<\/i> [9] Banking and Credit Institutions.<\/b> Analysis of Financing Options (Green Loans) for Yield-Increasing Renovation.<\/i> [10] Legal Advice (Belgium).<\/b> The Legal Requirements in Renovation (Permits) and the Impact on Current Leases.<\/i> [11] Municipal or Provincial Government Services.<\/b> Information on Additional Local Renovation Premiums.<\/i><\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.27.4″ _module_preset=”default” custom_margin=”|auto|-28px|auto||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” custom_margin=”||32px|||” global_colors_info=”{}”]<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_4,1_4,1_4,1_4″ _builder_version=”4.27.3″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”1_4″ _builder_version=”4.27.3″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_button button_url=”\/en\/rental-software\/” url_new_window=”on” button_text=”Rentals ENG” button_alignment=”center” _builder_version=”4.27.4″ _module_preset=”default” custom_button=”on” button_text_size=”17px” button_bg_color=”#ea5f0b” button_border_width=”0px” button_border_radius=”15px” button_font=”|600|||||||” button_use_icon=”off” custom_padding=”15px|80px|15px|80px|true|true” global_colors_info=”{}” theme_builder_area=”post_content”][\/et_pb_button][\/et_pb_column][et_pb_column type=”1_4″ _builder_version=”4.27.3″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_button button_url=”\/en\/construction-software\/” url_new_window=”on” button_text=”Builder ENG” button_alignment=”center” _builder_version=”4.27.4″ _module_preset=”default” custom_button=”on” button_text_size=”17px” button_bg_color=”#ea5f0b” button_border_width=”0px” button_border_radius=”15px” button_font=”|600|||||||” button_use_icon=”off” custom_padding=”15px|80px|15px|80px|true|true” global_colors_info=”{}” theme_builder_area=”post_content”][\/et_pb_button][\/et_pb_column][et_pb_column type=”1_4″ _builder_version=”4.27.3″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_button button_url=”\/en\/project-management-software\/” url_new_window=”on” button_text=”Project ENG” button_alignment=”center” _builder_version=”4.27.4″ _module_preset=”default” custom_button=”on” button_text_size=”17px” button_bg_color=”#ea5f0b” button_border_width=”0px” button_border_radius=”15px” button_font=”|600|||||||” button_use_icon=”off” custom_padding=”15px|80px|15px|80px|true|true” global_colors_info=”{}” theme_builder_area=”post_content”][\/et_pb_button][\/et_pb_column][et_pb_column type=”1_4″ _builder_version=”4.27.3″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_button button_url=”\/en\/planning-software\/” url_new_window=”on” button_text=”Planners ENG” button_alignment=”center” _builder_version=”4.27.4″ _module_preset=”default” custom_button=”on” button_text_size=”17px” button_bg_color=”#ea5f0b” button_border_width=”0px” button_border_radius=”15px” button_font=”|600|||||||” button_use_icon=”off” custom_padding=”15px|70px|15px|70px|true|true” global_colors_info=”{}” theme_builder_area=”post_content”][\/et_pb_button][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":" SMART RENOVATION FOR MAXIMUM RETURNAs a property owner, it is essential to properly maintain your properties. This facilitates leasing and contributes to satisfied tenants. In addition, a well-done renovation can significantly increase the resale value of your property. Before embarking on a renovation project, however, thorough preparation is crucial: establish a detailed budget and request several quotes for the planned work. A well-thought-out renovation plan can save you many unforeseen problems and costs. WHY RENOVATE?The Benefits in a Row Several considerations may lead to the decision to renovate your property. Some key benefits include: Increased Attractiveness in the Rental Market: A modernized property attracts tenants faster , which prevents vacancy and improves profitability. This is particularly relevant in areas where the rental market is competitive. Increasing Property Value: Through targeted renovations, especially major interventions such as roof renewal or fa\u00e7ade cleaning , you can significantly increase the value of your property. This opens doors for higher rents and attractive capital gains in the event of a sale. Renovating is thus an excellent strategy for value growth and profit maximization. Improved Energy Performance: With the energy transition in mind, performing energy efficient work on your property is of great importance. Energy-wasting […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":36217,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"class_list":["post-36379","page","type-page","status-publish","hentry"],"yoast_head":"\nUnderstanding Renovation Costs: An Overview<\/strong><\/h3>\n
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Factors Influencing Cost Determination.<\/strong><\/h3>\n
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