300 m², hillside location, built in 1963, buy or not?

I actually find it strange that the price is being held so stubbornly, even though the house has been online for such a long time. Apparently, there is no great pressure to sell.

Thanks again!

I suspect a community of heirs. Often they don't agree. Or the price doesn't fit. According to the BRW it is 160k. House too big and pool unnecessary. No garage, etc.

My mother-in-law bought something similar about 10 years ago, just without a swimming pool. I actually think it’s pretty cool. Back then, before moving in, there was only a new kitchen and new vinyl flooring in the kitchen. There were new single-lever faucets. The tiles in the bathrooms were painted over.

After a few years, they insulated the basement ceiling from below. Two or three years ago, a photovoltaic system and a heat pump were installed, as well as new radiators. I should ask how the consumption is. With oil, it was probably between 6000 and 7000 liters per year.

It definitely has something, such a place, if you get it cheap, I think it’s worth considering.

Maybe the price can be pushed down to a flat 400k and with the savings on purchase incidental costs you'd have about 85k more margin. I would also cut the facade insulation for 50k. If the wall is somewhat decent, it’s no longer worth it in this lifetime.

85k more buffer.

That evaporates like the proverbial drop on the hot stone.

Maybe the price can be pushed down to a clean 400k, and with savings on ancillary purchase costs you'd have about 85k more buffer. I would also cut the façade insulation for 50k. If the wall is reasonably good, it's no longer worth it in this lifetime.

I also don't believe the price is negotiable in this range. The sellers apparently have no problem leaving the house unused for almost two years. It would of course be great to know where most of the energy is lost; the windows are probably a good candidate.

Whether a renovation really costs 1 million depends, of course, on the desired standard. For us, it would be "just" a functional renovation: heat pump compatible, wallpaper inside, vinyl flooring or click parquet, a solid electrical installation with RCD and sufficient sockets. Apparently, even 300k is calculated far too low for that.

In the end, whether it’s 500k or 600k doesn’t really matter to us – in any case, it would be too expensive.

Apparently even 300k is clearly calculated too tight for this.

You were given the floors / wall coverings as an example. So yes, your budget is too small.

You are in a region where prices are still manageable and have good equity. A "normal" house should be possible there. It doesn’t have to be a passion property right away (which would already suffer a massive loss in value as a new build once completed – because the buyer group is extremely limited to enthusiasts).