Assessment Purchase Price / Market Price Single-family House from 1900

Thank you Sunshine and Kati for the answers.

I had suspected that I could negotiate well under the current conditions, but I estimated the price range to be somewhat smaller. The house seems to be a good solution for our desire to move, but certainly not perfect (if such a thing exists). If it works out, we would be happy, but if not, our hearts are not attached to this house. We also have no time pressure, which is probably a big advantage for negotiations.

: In an initial estimate, I had 250,000 euros for the land, 20,000 euros for the basement, together 20,000 euros for the garage & parking space, 50,000 euros for incidental costs & outdoor facilities. It is unclear to me how much profit the company currently expects (which does not have to be my concern) and what a reasonable price per square meter in the house is for the circumstances. Possibly 2,000 euros per sqm?

Hello SoL, thank you very much for the quick feedback. The house is part of an ensemble, meaning one is essentially restricted in its external appearance. Would that change your opinion?

No, I have read too many horror stories about working with the authorities. Something like that can ruin you, not to mention the mental strain. But as I said: that is just my personal opinion.

Where in Hessen is the house? That plays a significant role in the value but is not necessarily already apparent with the BRW. I also live in Hessen, and I'll say this. Even in the more expensive areas around here, that would be massively overpriced. I'm talking about several hundred thousand that would have to be reduced. In other parts of Hessen, however, it looks different, as completely different average salaries are earned there.

Where in Hesse is the house? That plays a significant role in the value but is not necessarily already apparent from the BRW. I also live in Hesse and I'll say this. Even in the more expensive areas here in the region, that would be massively overpriced. I'm talking about several hundreds of thousands that would have to come down. In other parts of Hesse, of course, it looks different, as completely different average salaries are earned there.

A municipality in the Darmstadt-Dieburg area, beautiful landscape, good infrastructure, well connected. I would prefer not to make it too identifiable.

Of course, you can still include the outdoor area etc., and then the calculation looks a bit better. But the question is whether you’re not just making the purchase look a bit better. At least the risk seems obvious. Can the outdoor area and the paving of the 330m² (which mostly houses a building) really be so nice that you assign 70k€ to it? The basement is certainly not to be underestimated – it was not included in the 160m² either, I assume? If it's been renovated to a high standard, with parquet and all that, that’s naturally nice as well. You’d just be rid of the usual renovation risk (keyword: bottomless pit), it’s already done. On the other hand, an expert can only tell you to a limited extent how the renovation was carried out after the work is completed. Most of it is probably already hidden again, I assume. Is the company reputable? If defects appear after a while, would the company be liable / do you have any warranty? I would find that important given the price structures. Overall, my gut feeling also says it should be somewhat cheaper to be a good deal.

A municipality in the Darmstadt-Dieburg area, beautiful landscape, good infrastructure, well connected. I would prefer not to make it too identifiable.

That is at least enough as a general direction.
How is it with the garden... a large area that everyone uses or does everyone have their own, which could also be separated by a hedge/fence?