Hello everyone,
For two years, there hasn’t been anything suitable or interesting to buy.
Now there are two properties available in 89231 Neu-Ulm. Help!
If both were a good fit for you, which would you generally choose: buying an old house or building new?
Quick facts:
Old house: built in 1967, bathroom renovated 10 years ago, balcony, terrace, semi-detached house, 5.5 rooms, 139 m² (1494 sq ft) plus an unfinished attic (nothing done here), total land area including garden 465 m² (5005 sq ft), garage with electric door, very quiet location in a suburban area, available immediately, oil heating (system, guest toilet so far without sink, expansion vessel etc. renovated a few years ago, so relatively new), central heating, energy efficiency class G-H. All wallpapers and carpets would need to be removed, new flooring and walls painted or papered. Half-spiral staircases throughout, no railings to the basement and attic.
Purchase by bidding process – highest offer wins (inheritance community wants the money). Minimum bid: 300,000 €.
We estimated the costs for flooring, painting, renovation of the WC, removing a wall in the living room, installing a new kitchen, and come to a total of around 370,000 €.
New house:
New build within a building community of 7 units, terraced house with solid carport, total area 214 m² (2303 sq ft), 115 m² (1237 sq ft) with 4 rooms (3 rooms on the upper floor, 1 office with atrium in the basement which could be counted as around 12 m² (129 sq ft) added to the 115), underfloor heating, guest toilet, terrace, flat roof (cube design), open staircase, KfW 55 energy standard.
Costs for everything, move-in ready spring 2017: 400,000 €.
Can anyone tell me what I should consider for each property?
Financially, 400,000 € is our absolute maximum.
For two years, there hasn’t been anything suitable or interesting to buy.
Now there are two properties available in 89231 Neu-Ulm. Help!
If both were a good fit for you, which would you generally choose: buying an old house or building new?
Quick facts:
Old house: built in 1967, bathroom renovated 10 years ago, balcony, terrace, semi-detached house, 5.5 rooms, 139 m² (1494 sq ft) plus an unfinished attic (nothing done here), total land area including garden 465 m² (5005 sq ft), garage with electric door, very quiet location in a suburban area, available immediately, oil heating (system, guest toilet so far without sink, expansion vessel etc. renovated a few years ago, so relatively new), central heating, energy efficiency class G-H. All wallpapers and carpets would need to be removed, new flooring and walls painted or papered. Half-spiral staircases throughout, no railings to the basement and attic.
Purchase by bidding process – highest offer wins (inheritance community wants the money). Minimum bid: 300,000 €.
We estimated the costs for flooring, painting, renovation of the WC, removing a wall in the living room, installing a new kitchen, and come to a total of around 370,000 €.
New house:
New build within a building community of 7 units, terraced house with solid carport, total area 214 m² (2303 sq ft), 115 m² (1237 sq ft) with 4 rooms (3 rooms on the upper floor, 1 office with atrium in the basement which could be counted as around 12 m² (129 sq ft) added to the 115), underfloor heating, guest toilet, terrace, flat roof (cube design), open staircase, KfW 55 energy standard.
Costs for everything, move-in ready spring 2017: 400,000 €.
Can anyone tell me what I should consider for each property?
Financially, 400,000 € is our absolute maximum.
S
Stephina8720 Aug 2015 23:26These costs include everything, yes, even the architect’s fixed fee.
I’m fine with the relatively small garden anyway, as I would take care of landscaping myself. Painting too – all of this actually reduces the price a little more.
The old house is quite overgrown with bushes and hedges; I would first cut everything back and possibly remove some of it afterward...
I’m fine with the relatively small garden anyway, as I would take care of landscaping myself. Painting too – all of this actually reduces the price a little more.
The old house is quite overgrown with bushes and hedges; I would first cut everything back and possibly remove some of it afterward...
Stephina87 schrieb:
According to the realtor, the household allegedly consumes 2,000 liters (530 gallons) of heating oil per year; there is an 8-liter (2 gallon) tank installed, which is still half full. He also said the solid wood windows and walls are very good and that insulation is not worthwhile here.Is that what he says...?
What does allegedly mean? A proper used property offer should always include an energy certificate!
Insulation not worthwhile? Then he probably means that demolition might be a better option.
And yes: looking for two years is completely normal. In the meantime, you can read up thoroughly and borrow books about home construction and renovation of older properties from libraries.
Asbestos might also have been used in a building from 1967.
Best regards, Yvonne
B
Bauexperte21 Aug 2015 11:21ypg schrieb:
A valid energy certificate is essential for any good used property offer!Hmm ... if I remember correctly, this only applies to houses built after 1977. For earlier buildings, an energy consumption report is sufficient.Best regards, Bauexperte
S
Stephina8721 Aug 2015 23:31Thanks for your information so far. We are considering hiring a building inspector to look over the old house for 250 euros. The inspector (the most affordable and reliable we know in the area) said over the phone that he needs 1.5 hours to inspect the entire house.