ᐅ Renovate an old house from the core or build a prefabricated home?
Created on: 19 Feb 2017 20:29
T
taptap2005T
taptap200519 Feb 2017 20:29Hello my dear friends, here I am again
....this time completely desperate and starting from ZERO again....
We are totally confused and feel like we’re starting all over again...
In short: We are buying the house we currently rent in March.
The house was built in 1952 and is quite run down.
It is located in a prestigious neighborhood in Munich with a 1100 sqm (11,840 sq ft) plot of land, for €130,000.
1. The first idea was: tear down the house and build new.
2. The second idea was: completely renovate/modernize the existing house.
Our budget is about €450,000.
Now we have received the first quotations from renovation companies including everything:
exterior facade,
doors,
windows,
flooring,
bathroom,
electrical work,
roof,
heating,
etc.
They amount to around €200,000. But many acquaintances said we should realistically expect at least an additional €50,000 on top if €200,000 is already quoted.
WHAT is really better and cheaper in the end???
We are totally overwhelmed.
Today we visited a model home center and looked around. The houses there are all under 150 sqm (1,615 sq ft) and with a basement cost about €300,000–400,000, which is about 30–40 sqm (320–430 sq ft) smaller than our current house.
It’s so difficult for us, but we should slowly make a decision as this is dragging on.
Build new? – Prefabricated house.
Since we would need to move out temporarily during new construction, a prefabricated house is the only option for us because it has to go quickly.
Oh guys, honestly, out of sheer frustration I’d prefer to do nothing anymore *laugh* – every day there’s a different opinion and everyone tells us something different…
What do you think?
....this time completely desperate and starting from ZERO again....
We are totally confused and feel like we’re starting all over again...
In short: We are buying the house we currently rent in March.
The house was built in 1952 and is quite run down.
It is located in a prestigious neighborhood in Munich with a 1100 sqm (11,840 sq ft) plot of land, for €130,000.
1. The first idea was: tear down the house and build new.
2. The second idea was: completely renovate/modernize the existing house.
Our budget is about €450,000.
Now we have received the first quotations from renovation companies including everything:
exterior facade,
doors,
windows,
flooring,
bathroom,
electrical work,
roof,
heating,
etc.
They amount to around €200,000. But many acquaintances said we should realistically expect at least an additional €50,000 on top if €200,000 is already quoted.
WHAT is really better and cheaper in the end???
We are totally overwhelmed.
Today we visited a model home center and looked around. The houses there are all under 150 sqm (1,615 sq ft) and with a basement cost about €300,000–400,000, which is about 30–40 sqm (320–430 sq ft) smaller than our current house.
It’s so difficult for us, but we should slowly make a decision as this is dragging on.
Build new? – Prefabricated house.
Since we would need to move out temporarily during new construction, a prefabricated house is the only option for us because it has to go quickly.
Oh guys, honestly, out of sheer frustration I’d prefer to do nothing anymore *laugh* – every day there’s a different opinion and everyone tells us something different…
What do you think?
N
nightdancer19 Feb 2017 20:52I am completely renovating everything up to the roof with an architect.
If you can divide the plot, demolish, and build new (but with a custom design). However, the demolition alone can cost between 35,000 and 50,000, depending on the size and contamination issues.
If you can divide the plot, demolish, and build new (but with a custom design). However, the demolition alone can cost between 35,000 and 50,000, depending on the size and contamination issues.
We can't really comment on that. We don't know the condition of the existing house, nor how you would ideally want the layout and space usage to be arranged. At the very top of this forum, there is a questionnaire pinned—please fill it out.
The year 1952 is initially not very appealing: it will likely still have lead pipes, electrical wiring far from today's standards, probably originally coal heating with gas or oil retrofitted later, and the tile designs may be something you’d want to completely replace for aesthetic reasons. Subjectively, it might feel like a horror story—but judging by the facts, the conclusion could be different...
The worst thing you can do now is, definitely without an architect, just call in various companies randomly to attach insulation boards (polystyrene) to the walls, install new boilers, replace windows, and so on. Everyone just tinkers independently, and in the end, the total of all individual invoices would amount to twice the cost of building a properly designed new home.
https://www.instagram.com/11antgmxde/
https://www.linkedin.com/company/bauen-jetzt/
The year 1952 is initially not very appealing: it will likely still have lead pipes, electrical wiring far from today's standards, probably originally coal heating with gas or oil retrofitted later, and the tile designs may be something you’d want to completely replace for aesthetic reasons. Subjectively, it might feel like a horror story—but judging by the facts, the conclusion could be different...
The worst thing you can do now is, definitely without an architect, just call in various companies randomly to attach insulation boards (polystyrene) to the walls, install new boilers, replace windows, and so on. Everyone just tinkers independently, and in the end, the total of all individual invoices would amount to twice the cost of building a properly designed new home.
https://www.instagram.com/11antgmxde/
https://www.linkedin.com/company/bauen-jetzt/
K
Knallkörper19 Feb 2017 23:15For 300k you will never be able to afford demolition and rebuilding, but probably a complete renovation. Have the renovation offered to you as a comprehensive project by an architect specialized in this field, or work with a specialized expert who can also supervise the measures.
B
Bauprinzessin21 Feb 2017 10:35Have you ever gone through the house with a building inspector or structural expert who could tell you about the condition of the building? Because without getting a thorough overview beforehand—which a layperson usually cannot do—you might face unpleasant surprises. Renovating has the advantage that you can decide what needs to be done immediately and what can possibly be postponed. What changes do you want to make to the house? Can the floor plan stay as it is, or do you want to make structural changes like removing walls? These are all questions you should clarify in advance. Not everything that can be done during a renovation necessarily has to be done.
If you are seriously considering a new build, make sure to get concrete quotes for that as well. Don’t just rely on some online bargain prices and make assumptions—instead, really think about what you want (size, basement yes or no, special features like roller shutters / blinds / fireplace / smart home systems such as KNX, or whatever other ideas the builders might have) and then get a quote from a preferred provider. However, don’t forget that you will still have demolition costs, you will need to arrange alternative accommodation for about 3 to 6 months, and there will be additional incidental building costs.
If you are really uncertain about what you want to do, I would suggest taking a two-track approach. Spend some money upfront and go through the house with a building expert who will critically assess the condition and tell you what absolutely needs to be done. Maybe they can also advise if a partial demolition makes sense even when building new.
At the same time, consider what you want in a new build and obtain detailed offers to see if your budget would be sufficient for a new construction.
If you are seriously considering a new build, make sure to get concrete quotes for that as well. Don’t just rely on some online bargain prices and make assumptions—instead, really think about what you want (size, basement yes or no, special features like roller shutters / blinds / fireplace / smart home systems such as KNX, or whatever other ideas the builders might have) and then get a quote from a preferred provider. However, don’t forget that you will still have demolition costs, you will need to arrange alternative accommodation for about 3 to 6 months, and there will be additional incidental building costs.
If you are really uncertain about what you want to do, I would suggest taking a two-track approach. Spend some money upfront and go through the house with a building expert who will critically assess the condition and tell you what absolutely needs to be done. Maybe they can also advise if a partial demolition makes sense even when building new.
At the same time, consider what you want in a new build and obtain detailed offers to see if your budget would be sufficient for a new construction.
taptap2005 schrieb:
There is an upscale neighborhood in Munich with a 1100 sqm (11840 sq ft) plot for €130,000Where can you find a 1100 sqm (11840 sq ft) plot in an upscale area of Munich for €130,000???
Please let me know, I want to buy there too!
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