Renovation Costs for Upscale Property in Paris-16 You are going to acquire or you already own an ‘apartment, house, studio, loft, or duplex in Paris-16’ or in ‘ile de France’ and you want to know the budget for your work. Several factors come into play - is it an old Haussmann-style property or a recent residence. Is it a rental investment or your primary or secondary residence. Would you like to do a full or partial renovation? For this reason, it is difficult to decide on an average cost for the renovation of an apartment or a house in Paris-16.