Hello dear forum community,
after browsing around a bit without finding anything similar, I would like to present my current situation here and ask for your opinions:
Starting point: My grandparents own a house (built in 1933) that needs a complete renovation and insulation. Additionally, the basement needs to be waterproofed, and the roof also requires work. The house has two floors with a gable-hip roof (approximately 100sqm (1,076 sq ft) excluding the basement). It is situated on a roughly 860sqm (9,250 sq ft) plot in Brandenburg. Since there is a staircase to overcome, my grandparents would like a small single-story bungalow (maximum 50sqm (538 sq ft)) on the property. They would provide me with the house in need of renovation and transfer the land as collateral. For this project, we (two full-time earners but with no construction experience) would like to spend up to 250,000€ (if we can get this loan from the bank) with an equity of 10,000€. Once the bungalow is finished, we would renovate or rebuild the main house.
Now to my questions:
- We would like to have both projects handled by a construction company and built turnkey (although some work like painting, tiling, and plumbing could be done by ourselves or acquaintances). Is it even possible to realize such a plan (complete renovation or possibly demolition and new build of the old house plus a newly built small bungalow) within this budget?
- Which companies would you particularly recommend based on your experience for us to request offers from?
We look forward to hearing about your experiences. Thank you!
after browsing around a bit without finding anything similar, I would like to present my current situation here and ask for your opinions:
Starting point: My grandparents own a house (built in 1933) that needs a complete renovation and insulation. Additionally, the basement needs to be waterproofed, and the roof also requires work. The house has two floors with a gable-hip roof (approximately 100sqm (1,076 sq ft) excluding the basement). It is situated on a roughly 860sqm (9,250 sq ft) plot in Brandenburg. Since there is a staircase to overcome, my grandparents would like a small single-story bungalow (maximum 50sqm (538 sq ft)) on the property. They would provide me with the house in need of renovation and transfer the land as collateral. For this project, we (two full-time earners but with no construction experience) would like to spend up to 250,000€ (if we can get this loan from the bank) with an equity of 10,000€. Once the bungalow is finished, we would renovate or rebuild the main house.
Now to my questions:
- We would like to have both projects handled by a construction company and built turnkey (although some work like painting, tiling, and plumbing could be done by ourselves or acquaintances). Is it even possible to realize such a plan (complete renovation or possibly demolition and new build of the old house plus a newly built small bungalow) within this budget?
- Which companies would you particularly recommend based on your experience for us to request offers from?
We look forward to hearing about your experiences. Thank you!
Hello [here could be your name],
welcome to the forum.
Do I understand correctly that you want to build a 50m² (540 ft²) bungalow on an existing plot for about 250,000 euros and additionally waterproof the basement, renew the roof, and completely renovate an existing house?
A bungalow of about 50m² (540 ft²) will hardly be comfortably livable. Also, I assume it should be designed to be accessible for people with disabilities, right? That means about 10m² (108 ft²) for the bathroom, at least 6m² (65 ft²) for technical rooms and storage—leaving 34m² (366 ft²) for living and sleeping areas.
If that should be sufficient, as a layperson, I would estimate at least 2,500 euros per m² (232 dollars per ft²) for that size—so around 125,000 euros (125 k€) (technical installations, front door, etc. all have to fit into a small house).
Plus additional construction-related costs (e.g., building permit/planning permission) around 40,000 euros (40 k€).
Plus painting and flooring around 10,000 euros (10 k€).
Then there are still access roads and similar costs.
That totals about 175,000 euros (175 k€), which I still consider very low. So that would leave 75,000 euros (75 k€) for your renovation project.
Maybe that’s enough for the roof and basement, but probably not much more.
But that is just my layperson’s opinion.
welcome to the forum.
Do I understand correctly that you want to build a 50m² (540 ft²) bungalow on an existing plot for about 250,000 euros and additionally waterproof the basement, renew the roof, and completely renovate an existing house?
A bungalow of about 50m² (540 ft²) will hardly be comfortably livable. Also, I assume it should be designed to be accessible for people with disabilities, right? That means about 10m² (108 ft²) for the bathroom, at least 6m² (65 ft²) for technical rooms and storage—leaving 34m² (366 ft²) for living and sleeping areas.
If that should be sufficient, as a layperson, I would estimate at least 2,500 euros per m² (232 dollars per ft²) for that size—so around 125,000 euros (125 k€) (technical installations, front door, etc. all have to fit into a small house).
Plus additional construction-related costs (e.g., building permit/planning permission) around 40,000 euros (40 k€).
Plus painting and flooring around 10,000 euros (10 k€).
Then there are still access roads and similar costs.
That totals about 175,000 euros (175 k€), which I still consider very low. So that would leave 75,000 euros (75 k€) for your renovation project.
Maybe that’s enough for the roof and basement, but probably not much more.
But that is just my layperson’s opinion.
Sir_Kermit4 Jul 2016 18:23Hello,
I can only respond as a layperson as well.
However, I wouldn’t make it that simple. Someone living modestly might manage with that. In old age, you don’t automatically need a concert hall. Although you should consider space for a walker or other mobility aids.
Anyway, @Arena, have you considered the possibility of an extension? While it’s not free either, it might allow you to reuse part of the existing systems or, if a renovation is due, be large enough to support running the bungalow with it. And it would have the advantage that, if the grandparents pass away (I don’t mean to be insensitive, but unfortunately that will happen, even if no one wants it to), the house might be more usable as a complete living unit.
Otherwise, you’d have a larger “garden shed.”
These considerations need careful thought, as potential heirs play a significant role here. This is also the case in the event of a simple transfer of ownership.
Jochen104 schrieb:
You will probably find it difficult to live comfortably in a bungalow of about 50m² (540 sq ft).
I can only respond as a layperson as well.
However, I wouldn’t make it that simple. Someone living modestly might manage with that. In old age, you don’t automatically need a concert hall. Although you should consider space for a walker or other mobility aids.
Anyway, @Arena, have you considered the possibility of an extension? While it’s not free either, it might allow you to reuse part of the existing systems or, if a renovation is due, be large enough to support running the bungalow with it. And it would have the advantage that, if the grandparents pass away (I don’t mean to be insensitive, but unfortunately that will happen, even if no one wants it to), the house might be more usable as a complete living unit.
Otherwise, you’d have a larger “garden shed.”
These considerations need careful thought, as potential heirs play a significant role here. This is also the case in the event of a simple transfer of ownership.
T
toxicmolotof4 Jul 2016 18:48Wouldn't it make sense in this situation to design the bungalow as an extension? Or at least connected to the main house? That way, you can share the heating system and utility connections more efficiently.
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