Buying a castle to renovate

Chateaux to renovate for all budgets

Whether one is looking for a fortified castle or a more modern property to renovate, prices vary greatly depending on various criteria.

The general condition of the castle to be taken into account

From the ruin to the castle to be refreshed, there are properties of all kinds depending on one's desires and budget. Lovers of work will be able to acquire properties to be entirely renovated for a few tens of thousands of euros. However, before committing to the purchase of a property requiring major work, it is necessary to carry out a detailed audit. To this end, our top-quality real estate agents ENGEL & VÖLKERS accompany our clients who wish to purchase a castle for renovation.

The environment of the castle to be renovated strongly influences its price

In addition to the condition of the castle itself, its environment also strongly impacts its selling price. Indeed, certain regions such as the Loire or the Bordeaux region are particularly prized by lovers of old stones. Easily accessible properties, located near large cities, TGV stations or major roads are also sold at a higher price. Finally, the surroundings of the property itself can also increase its value. Woods, a pond or access to a waterway all contribute to the value of a property.

Budget for maintenance costs

In addition to the price of renovation work, it is necessary to budget annually for the ongoing maintenance costs of a castle. Woodwork, window frames, roofing or even the heating system require regular maintenance to ensure the preservation of the building. And to avoid undertaking large-scale work too regularly! In addition, the exterior of the residence must also be maintained and not left fallow in order to enhance the castle.

How to finance the renovation of your castle

Depending on its state of disrepair, renovations to a castle can reach staggering sums. However, there are structures to turn to for help in renovating one's castle.

Getting state aid to renovate a castle

When preparing to renovate a castle, it is possible to obtain financial aid from the Regional Directorate of Cultural Affairs (DRAC) as part of its policy of protection, conservation and renovation of historic monuments. To be eligible, the castle you wish to renovate must be protected, classified or registered as a historical monument.

Turn to associations, foundations and companies for help

There are many structures that can come to the aid of individuals who are embarking on castle renovation. The Fondation du Patrimoine, for example, grants a label that allows one to deduct part of the amount of work done from one's taxable income. Many local associations are also very helpful, especially if you want to organize a restoration project. Finally, one should not hesitate to solicit companies that can deduct from their taxes a restoration aid granted thanks to the law on patronage.