How much does it cost to renovate an apartment per square meter?

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How much does it cost to renovate an apartment per square meter?

Renovating a home can be an exciting project, but it can also be very expensive. In Luxembourg, renovation costs can vary considerably depending on a number of factors. In this blog, we will explore how much it costs per square meter to renovate an apartment in Luxembourg.

The size of the flat

The cost of renovating an apartment depends largely on its size. The larger the property, the more time and materials it will take to renovate, which means the total cost will be higher. In general, the cost of renovation per square meter decreases as the size of the property increases.

The condition of the property

Another important factor in the cost of renovation is the condition of the property before the work. If the property is in good condition and only needs minor renovation, the cost will be lower than if the property is very run down and needs major renovation.

The type of work to be done

The cost of renovation also depends on the type of work that needs to be done. Common renovations include renovating the kitchen and bathroom, repairing floors and walls, and installing a new heating or air conditioning system. The cost of each type of work varies considerably depending on the complexity of the project and the materials used.

The cost of labor

The cost of labor is also an important factor in the total cost of a renovation. Hourly rates for construction workers vary considerably depending on their experience, specialization and the type of work to be done. In general, hourly rates are higher for more specialized work.

Cost of materials

The cost of materials is also an important factor in the total cost of the renovation. Higher quality materials will cost more than lower quality materials, but they may also last longer and require less maintenance in the long term. It is essential to choose quality materials to ensure the durability and strength of the home.

In general, the average cost of renovating an apartment in Luxembourg varies between 100 and 400 euros per square meter, depending on all the factors mentioned above. This means that the cost of renovating a 50 square meter apartment can vary between 5,000 and 20,000 euros. However, these costs are only estimates and the total cost of renovation will depend on the specific needs of each project.

In summary, renovating a property in Luxembourg can be costly, but it can also significantly increase the value of the property in the long term.