Hello everyone out there,
We have been carrying the wish to own a home with us for 4 years now.
New build or older property—yes or no? After many viewings, fairs, show homes, etc., we now have an appointment tomorrow to visit an older house in my husband’s hometown.
His parents knew the owners and went to school with their children.
Comment: very nice people 🙂
(The daughter is selling the property—she is actually a real estate agent but is not charging a commission.)
We are very cautious, thorough people who think things through carefully.
Here are the details of the house first:
Year built 1983
Living area 140 sqm (1,507 sq ft)
Plot size 2,500 sqm (0.62 acres), fully fenced with old buildings, directly at the forest
Fully basemented
Garage, laundry house, and two smaller outbuildings/sheds on the property
Paved driveway, the rest is well-maintained green area
Heated with coal (!!!!!!!)
Occupied until 12/2015
What we see as necessary to do so far:
Necessary:
New heating system
New windows/doors
New roof—preferably a “roof conversion” (dormer or full additional floor)
New bathrooms (guest toilet and family bathroom)
New kitchen
New floors
Move walls/drywall construction
Wishes:
And if we’re allowed to dream, a possible extension — depending on the budget flexibility
And (since the house stands relatively high) a landscaping fill so you can walk from the living room onto a terrace into the garden (right now the garden can only be accessed from the front or through the basement)
PURCHASE PRICE:
Plot including house 57,000 Euros (negotiable)
We have already contacted an architect. We expect precise planning and cost calculation from him.
We have some tradespeople in the family (sanitary, heating, tiler, stove builder, etc.), so a lot will be done by ourselves or the material purchase price will be lower.
We have also already researched funding opportunities — there are quite a few. ;-)
Why am I writing here...?
We need the secret tips. 🙂 What is absolutely essential to consider??? What would you experienced people have liked to know beforehand?
And can you estimate the additional costs? In other words, what loan amount would you take out? I understand it depends on many factors—I just want to get an overview! Are we naive to think we can manage with a total of 180,000-200,000 Euros?
Looking forward to hearing from you!
Best regards
We have been carrying the wish to own a home with us for 4 years now.
New build or older property—yes or no? After many viewings, fairs, show homes, etc., we now have an appointment tomorrow to visit an older house in my husband’s hometown.
His parents knew the owners and went to school with their children.
Comment: very nice people 🙂
(The daughter is selling the property—she is actually a real estate agent but is not charging a commission.)
We are very cautious, thorough people who think things through carefully.
Here are the details of the house first:
Year built 1983
Living area 140 sqm (1,507 sq ft)
Plot size 2,500 sqm (0.62 acres), fully fenced with old buildings, directly at the forest
Fully basemented
Garage, laundry house, and two smaller outbuildings/sheds on the property
Paved driveway, the rest is well-maintained green area
Heated with coal (!!!!!!!)
Occupied until 12/2015
What we see as necessary to do so far:
Necessary:
New heating system
New windows/doors
New roof—preferably a “roof conversion” (dormer or full additional floor)
New bathrooms (guest toilet and family bathroom)
New kitchen
New floors
Move walls/drywall construction
Wishes:
And if we’re allowed to dream, a possible extension — depending on the budget flexibility
And (since the house stands relatively high) a landscaping fill so you can walk from the living room onto a terrace into the garden (right now the garden can only be accessed from the front or through the basement)
PURCHASE PRICE:
Plot including house 57,000 Euros (negotiable)
We have already contacted an architect. We expect precise planning and cost calculation from him.
We have some tradespeople in the family (sanitary, heating, tiler, stove builder, etc.), so a lot will be done by ourselves or the material purchase price will be lower.
We have also already researched funding opportunities — there are quite a few. ;-)
Why am I writing here...?
We need the secret tips. 🙂 What is absolutely essential to consider??? What would you experienced people have liked to know beforehand?
And can you estimate the additional costs? In other words, what loan amount would you take out? I understand it depends on many factors—I just want to get an overview! Are we naive to think we can manage with a total of 180,000-200,000 Euros?
Looking forward to hearing from you!
Best regards
N
nightdancer14 Apr 2016 12:51Buy unseen, demolish, and rebuild. Given the purchase price, upgrading is absolutely never worthwhile. Building new will be more cost-effective.
Well, it is Brandenburg. If one of the two residents puts something on the market, prices quickly drop. But joking aside, the house was built during the GDR era, so what about the materials used back then? Not everything was always available. I would have the expert take a close look as well. It doesn’t have to be bad despite the low price. In the northeast of Baden-Württemberg, there are also houses in villages in need of renovation available for little money. You just shouldn’t expect any increase in value. But if you can and want to live there, it’s fine.
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