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Monument - real estate

A closer look at the monument real estate

A listed property is something very special. Whether it's an old half-timbered house, an Art Nouveau villa, a baroque or historicist gem, the buyer acquires an inheritance from ancient times, a time capsule, so to speak, in which the traditions, ways of thinking and craftsmanship of our ancestors are stored. The ambience of the house and its rooms will shape the lifestyle of its owners. Conversely, the owners will also influence their property. On the one hand, they want to preserve the beauty and originality of the historical object; On the other hand, they strive for comfortable, modern living and maximum energy efficiency. Historic monuments Real estate can be modernized. However, this must be clarified with the responsible Lower Heritage Authority. In the Lower Monument Protection Authority, the practitioners of monument preservation work. You decide on the spot, on the object, which things may and may not be changed on a monument property. Monument conservators at the municipal level are trained to find compromises between the ultimate goal of preserving the substance and character of the monument, and the legitimate desire of the owners to adapt the property to the needs of modern, comfortable living. Together with the Lower Historic Monuments Authority, it will be discussed in detail which remodeling and renovation measures are possible. Site appointments are therefore inevitable and often create a quick clarification in advance.

Building preservation work on the monument property such as a new roofing or a new plaster are usually subject to no conditions. Of course, however, that the character of the building must be preserved, so z. B. not any facade paint or colored roof tiles may be used. The exterior insulation of many historic buildings, such as those from the half-timbered period, is not permitted because this would destroy the original condition of the facades. That's why listed property owners are exempted from the energy pass. On the other hand, the installation of a modern heating system and internal insulation is free to the extent that it does not damage valuable historical interiors. Apart from conservation measures and the so-called standard improvements, which include fire protection and discreet photovoltaics, there are still changes in use of the monument property. Rough changes to the building form due to addition of components or demolition of elements as well as floor plan changes and other radical encroachment on the historical character of the monument property are not accepted by the Monuments Office. Owners of architectural monuments tend to strive for the goal of being comfortably and energetically sustainable in a unique historic setting. In most cases, this can be achieved on the path of gentle compromises without disproportionate effort.

Monuments in the interest of the state

Monument protection Real estate shapes the historical face of a country. They recall past times and bear the values of becoming European civilization. Without the witnesses of his past, a land would be nude and unimaginative. From this insight, the state and the states put historical monuments under protection. This protective function is exercised on the one hand by the formulation of requirements for the protection of historical monuments and by the control of these conditions. On the other hand, it is in the fair interest of state and state, the burden for the restoration and preservation of monument real estate not just on the shoulders of private owners. The acquisition of a monument property takes its owner differently into the duty than the acquisition of an unprotected house. He has taken on a historical legacy and with it the responsibility to preserve this heritage. The owner of a non-listed house can, if his property needs new windows, choose between all the products that are affordable for his wallet. The owner of a monument property meets strict conditions that limit his room for maneuver and make the refurbishment or renewal of the historic windows more expensive. Living in a traditional ambience comes at a price, so the federal and state governments grant the owners of Denkmal Immobilien financial compensation by creating tax relief that can be claimed when the monument is purchased and maintained.

The financial aspect

Funding for monuments Real estate is essentially state funds. In principle, the federal government also has funds available to support the preservation and renovation of architectural monuments. However, these only flow if the object is of outstanding, representative national significance. In all other cases - in the vast majority of cases - the federal states are taken on the financing in the obligation. From their funds tax benefits are granted, which can be claimed on the acquisition and receipt of monument real estate. Applications for participation in the support programs must be submitted to the Lower Historic Monuments Authority. At the same time proof of own funds must be provided. All refurbishment and reconstruction work on the monument may only commence once the corresponding permit has been issued. The type of promotion of a listed property is to be differentiated according to its use.

Property owners who want to use their heritage-protected building wholly or partly for income generation, can make higher deductions for several years for the production costs. Manufacturing costs are understood to include all expenses incurred for the transformation of the building into meaningful use. The maintenance costs, ie all expenses for modernization and maintenance, can also be deducted over a period of several years if the income is earmarked. For self-inhabited monuments, both the manufacturing and the maintenance costs can be claimed for tax purposes. With regard to inheritance, gift and property taxes, real estate is valued at only a fraction of its real value or not at all. Monument Real estate for income generation will remain without real estate tax if the income generated is below its cost. These partly considerable tax advantages create a comfortable relief for the owners of Denkmal Immobilien, who can compensate for the additional costs related to the preservation and renovation of the monument.

Acquisition and prospect

Germany's building fabric is good. Even though the Second World War brought large gaps in the historic cities, much has been rebuilt, lovingly reconstructed and renovated. After the reunification, much work has been done in the East regarding the restoration of architectural monuments. Everywhere in the country, whether in the Baroque Dresden, in the half-timbered towns of Hesse, in the classicism of Oldenburg or in the Art Nouveau stronghold Darmstadt, there are refurbished, original monument to acquire real estate, unique witnesses of their time, which look fresh and perfect. There is also a large amount of unrefurbished objects waiting to rediscover their former beauty with love and expertise. In the old federal states of Germany and especially in the 'new', the states in the east, there are still many discoveries to make and to awaken many beauties from the slumber. The acquisition of a monument property is not to be understood as an act of idealism. Certainly it takes some time and also expertise to let a monument shine again in its old glory. On the other hand, the buyer of a monument property receives adequate tax support to be compensated for his overspending. And it brings in the possession of an investment, which on the one hand offers the security of real estate possession, on the other hand as a historical, reorganized building monument of a special value increase is subject. Monument Real estate will be one of the most sought-after properties on the real estate market now and in the future, because there will always be people who appreciate the artful and traditional atmosphere of the past.