Home Renovation and Construction Costs in Luxembourg: Breakdown of Expenses
The real estate market in Luxembourg is dynamic and diversified, with a constant demand for renovation and construction of new homes. Whether you're considering renovating an existing home or building a new property, it's critical to understand the costs involved in each step of the process. In this article, we will explore in detail the distribution of expenses associated with the renovation and construction of a home in Luxembourg, by examining the various trades involved and by detailing the cost percentages for each phase.
1. Planning and Design
Before starting any renovation or construction work, it is crucial to have detailed plans and an accurate design for your project. The costs associated with this initial phase may vary depending on the complexity of the design and the involvement of architects or interior designers. In Luxembourg, architect fees generally represent 8 to 15% of the total cost of the project.
2. Demolition and Preparation Work
If you are renovating an existing home, demolition work may be required to remove obsolete or faulty structures. This work includes demolishing interior walls, removing flooring, and dismantling electrical and plumbing installations. Demolition costs generally range from 5 to 10% of the total renovation budget.
3. Structural work
The structural work phase includes the construction or renovation of the main structures of the house, such as the foundations, exterior walls, roof and floors. In Luxembourg, the cost of structural work typically represents 30 to 40% of the total construction budget.
4. Finishing work
Once the structural work is complete, the finishing work comes into play. This includes installing electrical, plumbing, heating, and ventilation systems, as well as installing flooring, interior partitions, and surface finishes. The costs for this phase generally range from 20% to 30% of the total construction cost.
5. Finishes and fittings
The final finishes and layouts add the finishing touch to your home. This includes interior and exterior painting, the installation of carpentry, doors and windows, and the installation of decor items and kitchen and bathroom equipment. In Luxembourg, this work generally represents 15 to 25% of the total budget.
Conclusion
In summary, the renovation or construction of a house in Luxembourg involves a specific distribution of expenses by phase. It is important to take these percentages into account when planning your project in order to ensure effective cost management and the successful realization of your vision.