Value & Condition
Maintenance
Regular measures to maintain the current condition – e.g., cleaning gutters, servicing the heating.
Market value
The estimated market value of a property, i.e. what it would bring in under normal conditions.
Modernization
Measures for technical or energy improvements – e.g. new windows or heating.
Redevelopment
Extensive renovation in the event of damage or defects – e.g., mold removal, pipe replacement.
Renovation
Superficial improvements – e.g., painting, wallpapering, replacing floors.
Substance
The structural condition of the house (masonry, roof, pipes, etc.) – regardless of furnishings.