ᐅ Renovate an old house from the core or build a prefabricated home?
Created on: 19 Feb 2017 20:29
T
taptap2005
Hello my dear friends, here I am again
....this time completely desperate and starting from ZERO again....
We are totally confused and feel like we’re starting all over again...
In short: We are buying the house we currently rent in March.
The house was built in 1952 and is quite run down.
It is located in a prestigious neighborhood in Munich with a 1100 sqm (11,840 sq ft) plot of land, for €130,000.
1. The first idea was: tear down the house and build new.
2. The second idea was: completely renovate/modernize the existing house.
Our budget is about €450,000.
Now we have received the first quotations from renovation companies including everything:
exterior facade,
doors,
windows,
flooring,
bathroom,
electrical work,
roof,
heating,
etc.
They amount to around €200,000. But many acquaintances said we should realistically expect at least an additional €50,000 on top if €200,000 is already quoted.
WHAT is really better and cheaper in the end???
We are totally overwhelmed.
Today we visited a model home center and looked around. The houses there are all under 150 sqm (1,615 sq ft) and with a basement cost about €300,000–400,000, which is about 30–40 sqm (320–430 sq ft) smaller than our current house.
It’s so difficult for us, but we should slowly make a decision as this is dragging on.
Build new? – Prefabricated house.
Since we would need to move out temporarily during new construction, a prefabricated house is the only option for us because it has to go quickly.
Oh guys, honestly, out of sheer frustration I’d prefer to do nothing anymore *laugh* – every day there’s a different opinion and everyone tells us something different…
What do you think?
....this time completely desperate and starting from ZERO again....
We are totally confused and feel like we’re starting all over again...
In short: We are buying the house we currently rent in March.
The house was built in 1952 and is quite run down.
It is located in a prestigious neighborhood in Munich with a 1100 sqm (11,840 sq ft) plot of land, for €130,000.
1. The first idea was: tear down the house and build new.
2. The second idea was: completely renovate/modernize the existing house.
Our budget is about €450,000.
Now we have received the first quotations from renovation companies including everything:
exterior facade,
doors,
windows,
flooring,
bathroom,
electrical work,
roof,
heating,
etc.
They amount to around €200,000. But many acquaintances said we should realistically expect at least an additional €50,000 on top if €200,000 is already quoted.
WHAT is really better and cheaper in the end???
We are totally overwhelmed.
Today we visited a model home center and looked around. The houses there are all under 150 sqm (1,615 sq ft) and with a basement cost about €300,000–400,000, which is about 30–40 sqm (320–430 sq ft) smaller than our current house.
It’s so difficult for us, but we should slowly make a decision as this is dragging on.
Build new? – Prefabricated house.
Since we would need to move out temporarily during new construction, a prefabricated house is the only option for us because it has to go quickly.
Oh guys, honestly, out of sheer frustration I’d prefer to do nothing anymore *laugh* – every day there’s a different opinion and everyone tells us something different…
What do you think?
P
Peanuts7421 Feb 2017 12:13taptap2005 schrieb:
Hello again, my dear friends
....this time completely desperate, starting from scratch again....
We are totally confused and feel like we’re starting all over again...
In short: We are buying the house where we are currently renting, closing in March.
The house was built in 1952 and is quite rundown.
It is located in an upscale district of Munich, with a 1100 m² (12,000 sq ft) lot, for 130,000€.
1. First idea: Tear down the house and build new.
2. Second idea: Complete core renovation/modernization.
Our budget is around 450,000€.
Now we have the first offers from renovation companies for everything:
Exterior facade
Doors
Windows
Floors
Bathroom
Electrical
Roof
Heating
and so on.
They come to about 200,000€... But many acquaintances said we should add at least another 50,000€ since they already quoted 200,000€.
WHAT is really better and cheaper in the end???
We are completely overwhelmed.
Today, we visited a model home center and looked at everything. The houses are all under 150 m² (1,615 sq ft), and with a basement, cost about 300,000-400,000€, but they are 30-40 m² (320-430 sq ft) smaller than our current home.
It’s so hard for us, but we need to decide soon as this is dragging on.
Build new? – Prefabricated house?
Since we would need to move out temporarily during a new build, a prefabricated house is the only option for us as it has to go fast.
Oh guys, honestly, out of sheer desperation I’d rather do nothing *laugh* Every day a different opinion, and everyone tells us something else...
What do you think?Who told you that a prefabricated house is ready super quickly???
P
Peanuts7421 Feb 2017 12:17Kayan schrieb:
Where can you get an 1100sqm (0.27 acre) plot of land for 130,000 in an upscale neighborhood of Munich??? Please let me know, then I’ll buy in there too! True, I wanted to ask that as well...
S
Steffen8021 Feb 2017 12:51taptap2005 schrieb:
It is located in an upscale district of Munich with a plot size of 1100 sqm (1,184 sq ft) for €130,000Well, great… I actually just laughed so hard I wet myself! Thanks a lot!
Regards, Steffen (who bought a completely overpriced plot for 330k in the east, which therefore should barely be worth 20k!)
S
Steffen8021 Feb 2017 13:29Nordlys schrieb:
That belongs to Aunt Hedwig, and she wants to do something nice for her granddaughter; it’s better to give with a warm hand... jealous, men?Definitely not me... I worked hard for every square meter of my property myself. It’s a very good feeling.
Peanuts74 schrieb:
Who told you that a prefab house is finished in no time???This is often misunderstood: a "prefab" house is actually a "pre-manufactured" house, and the installation time is not the same as the total construction time. It’s like the difference between braking distance and stopping distance. Bang!
https://www.instagram.com/11antgmxde/
https://www.linkedin.com/company/bauen-jetzt/