Friday, April 14, 2023

Renovation Story

 For an outsider (non-German)....after two or three years of walking around....most people would agree that there are great differences in homes/apartments, and living conditions.  

My wife took me once to visit a friend who lived in a house built around 1905.  Wood structure....taken care of...but if you asked me on insulation or being wind-proof?  Ha...I would have given the place a '3' out of a one-to-ten score.  

The EU this year has decided to pick up renovation as a major topic and force people to upgrade their homes....whether they can afford it or not.

N-TV had a great update on this and I'd recommend it.

First, the EU is drafting words to say all fossil-fuel heating must go by 2035.....natural gas, coal, wood, oil, etc.

Second, efficiency classes will be forced down upon home owners.  'G' level (the worst category....would be limited to 15-percent of the nations homes.  If you said 21-percent of the nation was 'G' level....well....you'd be forced into a unpleasant position of mandating.

Third, you have the problem of older people reaching a stage....they'd like to sell their home, but they can't get true value because of the energy rating.  Renovating an older home?  Where would you get the 100,000 Euro?  Banks willing to loan that much to a couple nearing 60 years old?  I doubt it.

What I'll say is that there is a massive amount of chaos approaching in  ten years, if this program goes to pass, and is mandated.  People will be stuck with homes that can't be sold or handed-down to their kids. Fake-renovation will likely start up.....with people grinning as they get certificates which are fraudulent in nature.

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