Hello everyone,
We are interested in a shell construction with roof and windows, but unfortunately without a basement.
Price is about 145,000 euros + 25,000 euros incidental costs.
Does anyone have experience with buying a shell construction?
What should we consider before hiring a building surveyor?
Are there common defects?
Is the price for 160 m² (1,722 sq ft) without a basement, including windows and roof, reasonable or too expensive?
We expect around 150,000 euros until completion. Is that realistic?
We are a bit uncertain since the shell construction has been standing like this for 2 years.
Many thanks.
We are interested in a shell construction with roof and windows, but unfortunately without a basement.
Price is about 145,000 euros + 25,000 euros incidental costs.
Does anyone have experience with buying a shell construction?
What should we consider before hiring a building surveyor?
Are there common defects?
Is the price for 160 m² (1,722 sq ft) without a basement, including windows and roof, reasonable or too expensive?
We expect around 150,000 euros until completion. Is that realistic?
We are a bit uncertain since the shell construction has been standing like this for 2 years.
Many thanks.
H
HilfeHilfe6 May 2016 14:57@Yvonne
it's just a gut feeling
it's just a gut feeling
ypg schrieb:
because nice plots of land do not grow on trees and see above, it should not be a dealbreaker As I have also said: I see it exactly the same way.
This is not a dealbreaker.
HilfeHilfe schrieb:
How long has it been on hold? I would be selfish and try to push the price down further. Maybe you are the only serious buyer.The standstill is described in the original thread. About 2 years.
I would advise the original poster not to keep pushing the price down blindly. The poster plans to bring in an expert surveyor.
After that, they can see where the problems still lie. Of course, there are issues after 2 years of standstill. You quantify those and negotiate further accordingly. If no major damage occurred during construction, not much will be broken – then the price is more or less reasonable.
You have to consider: the house isn’t tiny. The poster plans to spend 150,000 (about 180,000) for further finishing + 145,000 (about 175,000) for the purchase = 295,000 (about 355,000). That corresponds to roughly 1,800 euros per square meter (about 167 dollars per square foot). That’s acceptable.
I think there is still some room for negotiation on whether 150,000 is really necessary. It depends on the buyer’s requirements and the obligations to meet energy efficiency regulations based on the completed shell structure (which the surveyor can evaluate well).
Best regards,
Thorsten
T21150 schrieb:
You have to consider: the house isn’t small. The original poster is planning 150,000 (euros) for further finishing + 145,000 (euros) purchase price = 295,000 (euros). That corresponds to about 1,800 €/sqm (about 167 USD/sqft). That seems reasonable. No, nothing about that is reasonable. The house is already about 2 years old and very likely has inferior insulation. You have to accept the house as it is, and some things might no longer be possible (or at least more difficult) to install—such as a ventilation system, if the ceiling heights don’t allow it, or electric shutters (apart from the usual exterior pre-installed versions). You don’t know the house’s history; there will definitely be issues.
As someone else already mentioned, the demand for houses like this is very low. There’s a reason for that. If you’re going to do this kind of project, it has to be worth it! 1,800 €/sqm (about 167 USD/sqft) is certainly not “worth it.” At that price, you might as well build and design a new house from scratch.
For me, I would only consider such a project if I could save around 50,000 euros (or similar). Also, in this case, the land is leasehold (Erbpacht). Leasehold might be fine for some, but for me, coming from a rural area, that doesn’t make sense (considering supply and demand for land).
If you’re truly interested, you definitely need to go with a professional building inspector. If you’re still unsure, a knowledgeable friend familiar with shell construction might be sufficient at first. Unfortunately, even inspectors aren’t clairvoyant, and many potential defects are already hidden.