ᐅ Enlarge and completely renovate a single-family home, or demolish and rebuild?
Created on: 19 Dec 2021 18:54
Z
zizou89
Hello everyone,
Here is the situation:
We have the opportunity to buy a plot of land (600 sqm (approximately 6458 sqft)) with a house from the 1960s that offers 105 sqm (approximately 1130 sqft) of living space over two floors for 150,000 €. The value of the land alone (land reference value) is 130,000 €.
For us, however, the house is too small. We would like to undertake the following measures (the development plan allows all of these):
1. Extend the house by 3 meters (about 10 feet) to the rear and 3 meters (about 10 feet) to the side.
2. Add extra floors.
3. Install a new roof.
4. Replace the exterior facade.
5. Complete interior refurbishment.
In other words: we basically want to redo everything.
Would this be financially worthwhile, or would demolition and rebuilding make more sense? Are there any tips regarding funding options (KfW programs) or similar?
Please excuse me, as I am (still) a complete beginner. I understand that it is impossible to predict costs here, but maybe there are people who have undertaken a similar project 🙂
I would appreciate any information.
Here is the situation:
We have the opportunity to buy a plot of land (600 sqm (approximately 6458 sqft)) with a house from the 1960s that offers 105 sqm (approximately 1130 sqft) of living space over two floors for 150,000 €. The value of the land alone (land reference value) is 130,000 €.
For us, however, the house is too small. We would like to undertake the following measures (the development plan allows all of these):
1. Extend the house by 3 meters (about 10 feet) to the rear and 3 meters (about 10 feet) to the side.
2. Add extra floors.
3. Install a new roof.
4. Replace the exterior facade.
5. Complete interior refurbishment.
In other words: we basically want to redo everything.
Would this be financially worthwhile, or would demolition and rebuilding make more sense? Are there any tips regarding funding options (KfW programs) or similar?
Please excuse me, as I am (still) a complete beginner. I understand that it is impossible to predict costs here, but maybe there are people who have undertaken a similar project 🙂
I would appreciate any information.
T
Trademark25 Jan 2022 13:24RomeoZwo schrieb:
It’s nice to see the arches of the windows reopened. But the windows on the upper floor are set quite deep, aren’t they? Were they originally like that? Didn’t you want to move them higher? They have been replaced after all...Just a quick note, since I don’t want to hijack the thread: it would have been nice, but it would have blown the budget. The house was altered in the 1950s and 60s (hence the concrete in the arches). During that time, a reinforced concrete beam was inserted. It basically runs from the inside against the arches. That’s why opaque glass was installed there. In the shell state, it looked like this:
In theory, everything can be changed, but in this location it’s practically impossible. (Things like not being able to set up a crane complicate certain tasks even further.)
From the inside, it feels just right.