Apartment owners find themselves with new constraints on their hands. As the cost of owning property only increases, these changes add a layer of complexity. In addition to charges, taxes and maintenance costs which are increasing due to inflation, we must now take into account legal obligations specific to co-owned property.
What's new for condominiums?
From January 1, 2025new regulations require co-owners to carry out mandatory assessments. This rule does not concern those who have an individual house but targets those whose property is in buildings or on land shared by several houses. This distinction is important because it determines who must comply with these new requirements.
DPE and PPT: what you need to know
For two years, the State has asked co-owners to evaluate their energy and structural condition via two key diagnostics: the Energy Performance Diagnosis (DPE) and the Multiannual Works Plan (MWP).
The collective DPE has become essential for all co-ownerships. From the January 1, 2024those with more than 200 lots must make this diagnosis. From January 1, 2025this obligation will extend to co-ownerships having between 50 and 200 lots. The price of DPE can vary between 1,000 and 5,000 euros depending on the size of the building, which is not negligible for co-owners' associations.
As for the PPT, it lists the work necessary to improve insulation and reduce the energy consumption of buildings. The buildings with 50 lots or more were already subject to it, but since the beginning of this year, those counting between 1 and 50 lots must also comply with it. The cost of the PPT ranges between 5,000 and 15,000 eurosrequiring serious budget planning for co-owners.
What are the risks if we don't follow these rules?
Even if there is no direct sanction provided if you do not do the DPE or the PPT, this can pose a problem during a sale or rental if your property is poorly energy classified. According to Service-public.fr, “if an owner cannot rent or sell his apartment because of poor energy classification linked to common areas or collective equipment, the co-owners' union may be held liable”.
-Additionally, without a PPT, your insurance coverage could take a hit. Some companies may refuse to compensate after a loss if they think that a prior diagnosis could have avoided the problem.
What future for the real estate market?
These new rules represent a big challenge for co-owners who must integrate these costs into their budget. They also show the growing importance given to energy performance in real estate. Although these measures aim to make our buildings more energy efficient, they also raise the question of cost for some owners.
Faced with these growing regulatory and financial challenges, it becomes essential for each affected owner to remain informed and proactive to ensure that their property remains compliant while preserving its value in the real estate market. Effectively managing these diagnostics could become a major asset in your future real estate transactions!
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