Price per m² of renovation in Luxembourg in 2024

Renovating an old house in Luxembourg can be an exciting undertaking, but understanding the factors that affect costs is essential to successfully anticipate and plan your project. In this article, we explore the main elements that determine the renovation budget and offer you practical advice to navigate your real estate transformation journey with confidence.

Key Points for Estimating Renovation Costs

1) The Surface of the House

The size of your property is a crucial factor in the renovation budget. A bigger house requires more time, artisans, and materials to be refurbished. By multiplying the area by the costs per square meter (between 300 and 2500€ depending on the work), you get an overall estimate for your work.

2) The State of the House

The initial condition of the house has a significant impact on the total cost of the renovation. A shabby house may cost less to renovate than a dilapidated one. It is crucial to avoid the impulse purchase of a ruin without renovation expertise, as this could be more expensive than investing in new ones.

3) The Workforce

Selecting qualified professionals while managing some work yourself can help keep costs under control. It is recommended to ask for at least three quotes to assess the honesty of the various actors.

4) Equipment Quality

The choice of equipment and accessories can significantly influence the total cost of work. Depending on your needs, the price may vary, making this choice a key factor to take into account.

The Importance of Quotations in the Renovation Process

It is essential to ask for several quotes from artisans before starting a renovation project. Asking for between 2 and 3 quotes offers several advantages:

• Provides an accurate budget for the work.
• Allows you to compare the prices and services offered.
• Encourages competition, encouraging the choice of the craftsman offering the best rates.

Cost ranges per square meter

• Basic renovation (Paints, coatings, etc.): Between 300 and 450 euros/m²
• Complete renovation (Plumbing, electricity, insulation, etc.): Between 550 and 1000 euros/m²
• Rehabilitation of an Old House (Masonry, Plumbing, Electricity, Facade, etc.): From 1200 euros/m² to 2500 €/m²

Conclusion

This practical guide offers useful tips for estimating and understanding renovation costs in Luxembourg. It serves as a reference for establishing an informed budget, which is essential for the success of your renovation project, whether you are considering a light, standard, or heavy transformation.

ChatGPT can make mistakes. Consider checking important information.