Mandatory refurbishment: What measures does the GEG provide for?

What property owners in Cuxhaven should know about the obligation to renovate buildings

The changes that the amendment to the Building Energy Act envisages from 2023 apply to both new buildings and existing properties and will affect millions of homeowners in Germany and the EU. The EU Parliament wants the majority of residential properties in the EU to undergo energy-efficient refurbishment by 2033. The long-term goal is to achieve climate neutrality in the EU by 2050.

In Germany, there is currently a refurbishment obligation within 2 years every time there is a change of ownership. Property owners are therefore obliged to renovate their home in Cuxhaven in terms of energy efficiency after purchase, inheritance or donation so that the property meets the requirements of the GEG. Failure to comply with the two-year obligation can result in fines of up to 50,000 euros.

The refurbishment measures that owners of existing properties in Cuxhaven must carry out include

insulating the roof or the top storey ceiling of the house to reduce heat loss through the roof

replacing oil and gas heating systems that are more than 30 years old with a new heating system. From 2024, old oil and gas heating systems may only be replaced by more environmentally friendly heating methods such as heat pumps, wood heating and solar energy systems

Insulation of hot water pipes to reduce heat loss

The cost of renovating your property depends on the measures required. The installation costs for a heat pump, for example, are between 30,000 and 50,000 euros, while the cost of installing a wood-fired heating system can be up to 20,000 euros. These costs can be reduced by subsidies such as low-interest loans from the Kreditanstalt für Wiederaufbau (KfW) and grants for refurbishment measures from the Federal Office of Economics and Export Control (BAFA).

When renovating your property, professional advice from an expert is essential. In an individual consultation with an energy consultant, you can discuss the necessary refurbishment measures and funding opportunities.

Do you own a property in Cuxhaven and would like to renovate it to make it more energy efficient and then sell or rent it out?

Real estate agent Engel & Völkers Cuxhaven is your contact for all matters relating to real estate and will support you in realizing your project to your satisfaction.

Services from Engel & Völkers Cuxhaven for real estate owners

The energy-efficient refurbishment of real estate is a complex topic. Our team of real estate agents in Cuxhaven will provide you with professional advice and tell you how you can increase the value of your house or apartment through refurbishment and renovation measures and answer all your questions about the sale of energy-efficiently refurbished properties.

Would you like to know the current value of your house or apartment?

The exclusive services of Engel & Völkers Cuxhaven include a well-founded market price assessment of your property that takes into account the special features of your property. Rely on our comprehensive market knowledge and commission real estate agent Engel & Völkers to determine the value of your home.

If you own a house or apartment in Cuxhaven and would like to find out more about the refurbishment obligation and the requirements of the GEG, contact our real estate agents. Engel & Völkers Cuxhaven will be happy to advise you on all matters relating to your property.

Take the opportunity and make an appointment now for a free and non-binding consultation with our experts on site by filling out our digital contact form. You can also call us on +49 4721 551267-0 or visit us in our store.

We look forward to hearing from you!