Asuntosäätiö
- Tuulikuja 2,
- 02100 Espoo
Renovation of right-of-occupancy homes
Asuntosäätiö owns ca. 17,000 right-of-occupancy homes, most of which have reached the age at which the apartments require repairs. Therefore we carry out large-scale renovations in 2020–2030.
Renovations improve living comfort
The construction of right-of-occupancy apartments was at its peak in the 1990s, which is why most of our properties are now in need of renovations. Our goal is to renovate all the right-of-occupancy homes built in the 1990s by the beginning of the 2030s. After the renovations, the apartments will be almost like new.
The renovation of individual apartments includes the following work stages:
- Kitchen furnishing and appliances will be renewed.
- Wetrooms (bathroom, toilet and sauna) will be renovated. Electric underfloor heating will be installed in the bathroom.
- Laminate flooring will be installed.
- Wardrobes will be renewed in the bedrooms, entrance and walk-in-closets.
- Interior doors, including the door frames, will be replaced.
- The covers of sockets and light switches will be renewed.
- The kitchen walls and ceiling will be painted. The walls and ceiling in other rooms will remain the same.
In addition to these, repairs to the roofing, facade, outdoor areas and others will be made as considered necessary for individual properties.
We will notify the residents of the property in which the renovation will be carried out at least six months before the renovation begins. We will also organise an event for the residents prior to the beginning of work. Residents have the right to stay in their homes throughout the renovation. However, the work will cause considerable inconvenience to living, since the bathroom and kitchen, for example, cannot be used for part of the time.
Before and after the renovation
Frequently asked questions about the renovations
Why are these renovations carried out?
Asuntosäätiö owns ca. 17,000 right-of-occupancy homes, most of which have reached the age at which the properties and apartments require repairs. As a responsible property owner, we want to ensure that our residents feel comfortable in their homes and that our properties remain in good condition.
When will a renovation be carried out in my apartment?
The apartment-specific renovation schedule will be explained in a pre-renovation resident meeting. If there are any changes to the schedule, the contractor will inform the residents immediately and well in advance of the renovation of one’s own apartment.
How long will the renovation last?
The renovation of an individual apartment will last for approximately three weeks (15 workdays). The renovation of an entire property depends on the size of the property. The duration of the entire renovation project will vary from 4 to 12 months. In larger properties it might take even longer.
Can residents stay in their homes throughout the renovation?
Residents have the right to stay in their homes throughout the renovation. However, the work will cause considerable inconvenience to living, since the bathroom and kitchen, for example, cannot be used for part of the time. The renovation will also cause noise and water outages during the renovation of other apartments. We recommend that residents acquire a substitute apartment during the renovation of their own apartment.
Will residents be compensated for the renovation?
We will compensate one month’s residence charge for the resident’s own apartment if the renovation is carried out in full. The precise amount of compensation will be determined during the rounds carried out in the apartments prior to the renovation. Residents will receive the compensation in the month in which their apartment is under renovation.
How will the renovation affect residence charges?
Generally speaking, the residence charges will increase slightly, but not significantly, after the renovation. The property-specific impact on the basic charge will be described at the resident event before the renovation begins. In recent renovations, the impact on residence charges has been around 50 cents per m2. For an average sized apartment of 80 m2 or so, this would mean a monthly increase of around 50 euros.
The costs of the renovations will be divided among all of Asuntosäätiö’s right-of-occupancy homes. Thanks to the adjustment system applied to right-of-occupancy homes, the renovations will not cause unexpected changes in the residence charges of a single property, as the costs will be divided among all the homes.
The renovation will raise the quality level of the property and improve its utility value. Since all the apartments will be renovated to the same level of quality, the residence charges will be fairer after the renovation.
Do residents have a say in the renovations?
Residents can influence the results of the renovations by selecting their preferred materials out of the predetermined options. Residents can choose from five kitchen options, three shades of laminate and three floor tiling options for wetrooms. All the options are relatively neutral to ensure that the materials will please current and future residents for as long as possible.
Why won’t the renovation we were notified about be carried out in my apartment?
The Housing Finance and Development Centre of Finland (ARA) grants the loans for reform renovations on a property-by-property basis. Before the renovation can begin, we need ARA’s approval for the project. If ARA does not grant a loan for the project, we unfortunately will not be able to carry out the renovation.