Modernization of residential property for retirement provision

A house from the 1930s is being re-insulated.
Image: dpa

Anyone who owns older properties and does not want to invest their book money elsewhere could be well advised to modernize their houses. In the best case scenario, you will achieve fantastic returns on your retirement provision.

D.he banks are currently drowning in deposit money because many customers do not have the courage to invest their balances in bonds or stocks. This is understandable because bonds hardly yield any interest and company investments are subject to incalculable fluctuations. Deposit money is not safe, however, because investors lose their claims if the bank collapses. The state promise to vouch for all deposits cannot be fulfilled in an emergency. It therefore remains important to invest private assets broadly and inexpensively, because this is the only way to prevent being washed away if all dams break.

Against this background, the owners of rented properties in particular should not make the mistake of bunkering their liquid reserves in time deposits and savings bonds because their properties offer them lucrative alternatives. The modernization of rented houses and apartments can, if the location of the properties is right, generate annual returns that are well above the interest rates of secure Pfandbriefe. This becomes clear in the following case.

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