Hello everyone,
We are currently considering a prefabricated house from Bien-Zenker. It was built at the end of 2013, so it’s almost new. A family with five children lived in it for one year. The marriage broke up and the house is now being sold. Some interior work was done by the owners themselves, which is visible in places (bathroom grout is poorly done).
The details are as follows:
The purchase price is €390,000 plus realtor fees. The walls all need repainting as they’re quite marked by the children. Some baseboards need repair. The garden still needs to be landscaped.
What do you think? Is the price reasonable?
Thank you very much.
Best regards,
Timo
We are currently considering a prefabricated house from Bien-Zenker. It was built at the end of 2013, so it’s almost new. A family with five children lived in it for one year. The marriage broke up and the house is now being sold. Some interior work was done by the owners themselves, which is visible in places (bathroom grout is poorly done).
The details are as follows:
- Living area 180 m² (1,938 sq ft) over two floors
- Ground floor includes a utility room, open kitchen/living/dining area, bathroom, guest room
- Upstairs there are 4 bedrooms and a bathroom
- KfW 70 energy standard with district heating, controlled ventilation system Lunos with heat recovery
- Plot size 475 m² (5,110 sq ft), price was 250 € per m²
- No basement
- The house is very simple, gable roof, no balcony, knee wall 1.60 m (5.25 ft)
- Detached garage 7.50 m (24.6 ft) long
- Driveway and parking spaces paved
- Terrace slabs are laid
- The garden is undeveloped, no fence, lawn, plants, etc.
- 2 bathrooms: downstairs with shower, upstairs with shower and bathtub, standard quality
- Large kitchen with Bosch appliances
- Flooring is laminate
- 3 solar panels on the roof
The purchase price is €390,000 plus realtor fees. The walls all need repainting as they’re quite marked by the children. Some baseboards need repair. The garden still needs to be landscaped.
What do you think? Is the price reasonable?
Thank you very much.
Best regards,
Timo
EveundGerd3 Sep 2015 09:10Can you live with these compromises?
Dirk Grafe schrieb:
Hello Schuckie,
the plot won’t increase by 12% in 1.5 years, unless there is some major development in the area. So you should get the current land value map and compare it with 2013, but the value is likely the same. However, this depends greatly on the region. I cannot assess the questioner’s area. In our region, prices have risen much more. 1.5 years ago, you could buy one square meter for about 450-500€ (approximately 430-480 USD). Nowadays, plots with existing buildings have been sold very quickly for an effective price of 700€/m² (approximately 670 USD/ft²).
Regards
Michael
miho schrieb:
That really depends a lot on the region. I can’t assess the questioner’s area. Here, prices have increased much more. 1.5 years ago, you could still get a square meter for about 450-500€ (approximately $480-$530). Meanwhile, plots with existing buildings have been sold very quickly for an effective 700€/m² (about $750/ft²).
Best regards
MichaelThat is indeed the case. The prices are still from 2014 and at 250€ (about $270) per square meter were really very affordable for us. Currently, there is a comparable plot for two semi-detached houses, priced at 290€ per square meter (about $310).
EveundGerd schrieb:
Can you live with these compromises?Other positive factors like the plot itself, location, and size compensate for this. Some changes might also possibly be made at a later stage.