ᐅ Home Renovation, Cost Breakdown

Created on: 26 Jun 2016 13:28
S
schwabenhome
S
schwabenhome
26 Jun 2016 13:28
hello house building forum,

I am new here and planning to buy a nice old house built in 1960, with 180m² (1940 sq ft) living space and an 800m² (8600 sq ft) plot.

Here is a brief description of the house:

Heating system is a Buderus g224l from 1999.
Energy-wise, nothing has been insulated or upgraded yet!
The small amount of polystyrene insulation probably has no effect.
There are a total of 9 rooms, spread over 4 levels: basement, ground floor, attic, and loft (the loft on the left side even has an additional room).

Now the planned renovations:
Complete new electrical wiring
New water pipes throughout
Install new triple-glazed windows, about 23 units
New front door
New floors, plastering walls, etc.

Here is my initial rough cost estimate. I plan to consult an energy advisor after the purchase.

A lot of the work will be done as DIY.

What do you think—is this a realistic budget?
75,000€ for:
electricity 8,500€
sanitary installations 20,000€
windows 12,000€
kitchen 5,000€
front door 3,000€
floors and walls 5,000€
attic and basement ceiling 3,000€
heating maintenance, flushing, hydraulic balancing 3,500€

So roughly 60,000€.

Rohbau-Decken mit Holzbalken und sichtbaren Seilen in einem Arbeitsbereich
B
Bauexperte
26 Jun 2016 16:03
Hello,
schwabenhome schrieb:

... that little amount of Styrofoam won’t have any effect!
How can you be sure of that? If it’s about 5cm (2 inches), it could well have been typical for the building standards at the time.

Are you planning to buy the property without consulting an expert?
schwabenhome schrieb:

Here is my first rough cost estimate, I will consult an energy assessor after the purchase!
I strongly recommend involving a qualified expert who is familiar with older buildings and their renovation right from the start! They can give you a fairly accurate estimate of what the renovation will cost; you should have your equity or financing arranged.

As a complete layperson, you are very likely to end up with the worst-case scenario… especially if the property features an attractive old tiled stove or similar eye-catcher that distracts from the actual condition of the building 😉

Best regards, Bauexperte