ᐅ Is the house price reasonable?

Created on: 1 Sep 2015 11:19
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schuckie
Hello everyone,

We are currently considering a prefabricated house from Bien-Zenker. It was built at the end of 2013, so it’s almost new. A family with five children lived in it for one year. The marriage broke up and the house is now being sold. Some interior work was done by the owners themselves, which is visible in places (bathroom grout is poorly done).

The details are as follows:

  • Living area 180 m² (1,938 sq ft) over two floors
  • Ground floor includes a utility room, open kitchen/living/dining area, bathroom, guest room
  • Upstairs there are 4 bedrooms and a bathroom
  • KfW 70 energy standard with district heating, controlled ventilation system Lunos with heat recovery
  • Plot size 475 m² (5,110 sq ft), price was 250 € per m²
  • No basement
  • The house is very simple, gable roof, no balcony, knee wall 1.60 m (5.25 ft)
  • Detached garage 7.50 m (24.6 ft) long
  • Driveway and parking spaces paved
  • Terrace slabs are laid
  • The garden is undeveloped, no fence, lawn, plants, etc.
  • 2 bathrooms: downstairs with shower, upstairs with shower and bathtub, standard quality
  • Large kitchen with Bosch appliances
  • Flooring is laminate
  • 3 solar panels on the roof

The purchase price is €390,000 plus realtor fees. The walls all need repainting as they’re quite marked by the children. Some baseboards need repair. The garden still needs to be landscaped.

What do you think? Is the price reasonable?

Thank you very much.

Best regards,
Timo
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Legurit
1 Sep 2015 17:56
Don’t negotiate too much. €380,000 with €1,380 per square meter (approximately $128 per square foot) of living space is rather reasonable (without knowing the house).
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merlin83
1 Sep 2015 19:39
So the house is heated with radiators? I would ask to see the handover report or the acceptance certificate and check carefully whether everything is in good order. Considering the costs, it is also possible to have the property estimated and inspected by a professional for a reasonable fee. I know two clients from Tenerife who were very satisfied. The houses are about 10 years old.
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schuckie
1 Sep 2015 19:47
Exactly... radiators.
We reviewed it again today. The garden will probably cost another 15,000€
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merlin83
1 Sep 2015 19:51
schuckie schrieb:
Exactly... radiators.
We reviewed it again today. The garden probably costs around
merlin83 schrieb:
So the house is heated with radiators? I would ask to see the handover protocol or the final inspection report and carefully check whether everything is in good order. Given the costs, it’s affordable to have the property assessed and inspected by a professional. I know two Bien-Zenker customers in Tenerife who were very satisfied. The houses are about 10 years old

“Bin Teneriffa” should have been “Bien-Zenker”
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schuckie
1 Sep 2015 20:32
How much effort is involved in installing satellite sockets and routing cables in a prefabricated house?
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Müllerin
1 Sep 2015 21:04
How do you like the wall construction at Bien-Zenker? For us, that was one of the reasons to remove them from the shortlist... (because the walls are too thin, there is no wood panel behind the plaster on the inside, so special anchors are always needed)