ᐅ Considerations Regarding Home Purchase and Necessary Renovations
Created on: 24 Jun 2013 11:48
C
CrEeKHello!
I am currently considering purchasing a house. It was built in the 1920s and has been well maintained since then. It has 2 floors plus a basement and a finished attic, with a total of 175sqm (1880 sq ft). The condition is really very good. No damp walls or basement issues, doors/stairs/etc. are regularly maintained...
However, there are some points where I’m unsure if they need to be done or not.
Maybe you can help me assess the necessity and the expected costs for the following items:
-Oil heating system – 15 years old, is replacement already necessary?
-Pipes run outside the walls
-> If replacement makes sense, I would like to have the pipes concealed inside the walls.
-Windows – estimated age: 30 years. About 20 windows. Double-glazed, plastic frames. I would actually like to replace them mainly for aesthetic reasons, but I assume there are energy efficiency benefits too, right?
-Electrical system – completely renewed 10 years ago
-Roof – 25 years old, watertight, insulated, and finished.
-Insulation/Facade – no additional insulation so far, facade in perfect condition, replastered and repainted about 10 years ago. I would prefer to avoid adding insulation for aesthetic reasons (to preserve the beautiful old building details).
-Demolition of garages – There are a total of 5 garages on the property, of which I want to demolish 3 to gain garden space. They are individual prefabricated concrete garages. What would the demolition cost?
-Floors – mostly need to be redone. A mix of tiles and wood. Total area 175sqm (1880 sq ft).
-Bathrooms – one bathroom can be kept, a new bathroom will be created in the current kitchen space. Is it problematic in an old building to install the necessary plumbing lines?
-Renovation – New wallpaper throughout the entire house.
-Floor plan – I want to make minor changes here and there. One interior wall should be completely removed, and in two places an existing door should be widened to make the rooms feel more open to each other.
I want to do all the work now that would be needed in the next few years, so that I only have one construction site. What is still okay to do now or easily fixed later without major effort can wait accordingly.
Which works do you consider necessary? What costs can I expect?
I have roughly estimated the following:
-New heating including pipes inside the walls – €20,000
-New bathroom – €10,000
-New kitchen – €15,000
-Reserve for roof (initially not doing anything as long as it’s watertight) – €30,000
-Garage demolition – €5,000
-Replacing windows – €20,000
-Floors + wallpaper throughout the whole house – €10,000
-Floor plan/wall work – €20,000
That adds up to about €130,000. Is this realistic? Have I overestimated anywhere? Have I forgotten anything?
Thanks so much in advance for your help!!
I am currently considering purchasing a house. It was built in the 1920s and has been well maintained since then. It has 2 floors plus a basement and a finished attic, with a total of 175sqm (1880 sq ft). The condition is really very good. No damp walls or basement issues, doors/stairs/etc. are regularly maintained...
However, there are some points where I’m unsure if they need to be done or not.
Maybe you can help me assess the necessity and the expected costs for the following items:
-Oil heating system – 15 years old, is replacement already necessary?
-Pipes run outside the walls
-> If replacement makes sense, I would like to have the pipes concealed inside the walls.
-Windows – estimated age: 30 years. About 20 windows. Double-glazed, plastic frames. I would actually like to replace them mainly for aesthetic reasons, but I assume there are energy efficiency benefits too, right?
-Electrical system – completely renewed 10 years ago
-Roof – 25 years old, watertight, insulated, and finished.
-Insulation/Facade – no additional insulation so far, facade in perfect condition, replastered and repainted about 10 years ago. I would prefer to avoid adding insulation for aesthetic reasons (to preserve the beautiful old building details).
-Demolition of garages – There are a total of 5 garages on the property, of which I want to demolish 3 to gain garden space. They are individual prefabricated concrete garages. What would the demolition cost?
-Floors – mostly need to be redone. A mix of tiles and wood. Total area 175sqm (1880 sq ft).
-Bathrooms – one bathroom can be kept, a new bathroom will be created in the current kitchen space. Is it problematic in an old building to install the necessary plumbing lines?
-Renovation – New wallpaper throughout the entire house.
-Floor plan – I want to make minor changes here and there. One interior wall should be completely removed, and in two places an existing door should be widened to make the rooms feel more open to each other.
I want to do all the work now that would be needed in the next few years, so that I only have one construction site. What is still okay to do now or easily fixed later without major effort can wait accordingly.
Which works do you consider necessary? What costs can I expect?
I have roughly estimated the following:
-New heating including pipes inside the walls – €20,000
-New bathroom – €10,000
-New kitchen – €15,000
-Reserve for roof (initially not doing anything as long as it’s watertight) – €30,000
-Garage demolition – €5,000
-Replacing windows – €20,000
-Floors + wallpaper throughout the whole house – €10,000
-Floor plan/wall work – €20,000
That adds up to about €130,000. Is this realistic? Have I overestimated anywhere? Have I forgotten anything?
Thanks so much in advance for your help!!
B
Bauqualle24 Jun 2013 12:19CrEeK schrieb:
I'm currently considering buying a house. It was built in the 1920s and has been well maintained since then. .. I know this kind of situation ... beforehand everything looks rosy and easy ... I can only advise you to find a good architect, construction manager, or someone similar who is knowledgeable in this area, and go through every room on site step by step to create a detailed scope of work including quantity calculations ... if the location and the plot do not justify the cost of renovation ... stay away ... there will be no one later who will pay you back for all these investments ...Similar topics