Hello everyone,
I am planning a new build on my property, where there is currently an old building.
The plan was for the new build to be located further north and for the old building at the front to be demolished.
The building dates back to around 1900 and is about 150 sqm (1,615 sq ft).
The basement is damp, with water pushing in from below.
The house was heated with oil.
The ground floor looks okay, but the basement and upper floor need quite a bit of work.
What definitely needs to be replaced:
- Windows
- Electrical system
- New radiators
- New oil boiler?
- All floors
- All walls
- Possibly roof work
Around 50–60k USD (or equivalent)?
Under certain conditions, the old building could remain without demolition (I don’t want to go into detail about that here).
One idea I have:
- The garages and extension attached to the old building would be removed, and my parents would move into the old building after renovation. They are looking for a new place in a few months. The entrance would then be on the northeast side.
My father would help me financially and would also pay rent. I estimate the old building to be about 145 sqm (1,560 sq ft).
If my parents are no longer living there someday, the demolition could then take place.
What is your assessment? I have uploaded some pictures. A few architects have already visited the building but weren’t certain.
I am planning a new build on my property, where there is currently an old building.
The plan was for the new build to be located further north and for the old building at the front to be demolished.
The building dates back to around 1900 and is about 150 sqm (1,615 sq ft).
The basement is damp, with water pushing in from below.
The house was heated with oil.
The ground floor looks okay, but the basement and upper floor need quite a bit of work.
What definitely needs to be replaced:
- Windows
- Electrical system
- New radiators
- New oil boiler?
- All floors
- All walls
- Possibly roof work
Around 50–60k USD (or equivalent)?
Under certain conditions, the old building could remain without demolition (I don’t want to go into detail about that here).
One idea I have:
- The garages and extension attached to the old building would be removed, and my parents would move into the old building after renovation. They are looking for a new place in a few months. The entrance would then be on the northeast side.
My father would help me financially and would also pay rent. I estimate the old building to be about 145 sqm (1,560 sq ft).
If my parents are no longer living there someday, the demolition could then take place.
What is your assessment? I have uploaded some pictures. A few architects have already visited the building but weren’t certain.
H
HilfeHilfe28 Jan 2019 14:52I find the idea absurd to invest 60,000 into it now and then tear the house down years later.
So, you don’t want to live there yourself, but only your parents?
So, you don’t want to live there yourself, but only your parents?
Hello tumaa
60,000 euros (about 60,000 USD) can be spent quickly. The house has potential, but a lot needs to be invested. Is it worth it? Either renovate properly and maintain it later or get rid of it right away. If your parents want to live near you, there is probably another solution. A condominium (apartment) or rental nearby.
Steven
60,000 euros (about 60,000 USD) can be spent quickly. The house has potential, but a lot needs to be invested. Is it worth it? Either renovate properly and maintain it later or get rid of it right away. If your parents want to live near you, there is probably another solution. A condominium (apartment) or rental nearby.
Steven
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