Buy a house, renovate or build new?

Great, thank you very much for your openness. What kind of house size + basement is realistic for 300,000€?

Great, thank you very much for your openness. What size of house + basement is realistic for 300,000€?

Just subtract the basement and additional construction costs and divide by 1600-1700 EUR (ready to move in). Then you have your square meters

Regards, Steffen

I now have further documents available:

External dimensions: 10.99 x 9.74
Enclosed space approx. 869
Heated building volume V: 696.50
Thermal insulation verification according to WSchV 95: 81.81 kWh

Is that a good value? What do you think, what is the house worth?

That depends on many details in the equipment, material, and how well it has been maintained and serviced - and on the demand/the market, which ultimately determines the price (regardless of the value).

High-quality windows
Roof windows
Balcony
Terrace roofing
Living basement with separate access from outside
Converted attic with windows
Good insulation
Solid garages with remote control
Pellet heating (KWB)
Solar for hot water
Construction also elaborate (gable, bay window, generous foundation, walls made of Poroton)
High-quality solid wood staircase

Floors need to be renewed
Facade needs to be painted
Walls need to be wallpapered

Thermal insulation certificate according to WSchV 95: 81.81 kWh

Hi,

I assume this relates to the existing property.

I haven't really read through the WSch95, but I suspect it concerns the annual heating energy demand Q_h (whether back then it was calculated with or without auxiliary energies for pumps etc.: no idea!).

Let's simply calculate:
200 sqm * 81.81 kWh/sqm/year = 16,362 kWh.
If you were heating with gas (0.06 ct/kWh): 982 euros/year + 180 meter fee.
But there was a pellet stove inside: pellets have about 4.8 kWh/kg. Let's say 5.
You need about 3.2 tons per year. Around 230 euros/ton = 736 euros/year. Efficiency of the stove unknown. Presumably everything including delivery and cleaning also amounts to about 1000 euros/year.

Nowadays something like this would be about half that for a new build, or less.
Still, the value is by no means bad. Let's say, compared to a new build you save 400 euros/year, that’s less than 40 euros a month. You don’t get a huge sum financed for that.

About the price: We tried to let you know that we consider the price for the property good, subject to structural inspection. From what you write, the house’s equipment is good, something comparable you wouldn’t get in a new build with your Plan-Budget, as mentioned. Renovated with a bit of sensitivity as the first step, in my view you won’t need 80k euros for renovation but maybe only 50k. If the condition is okay (get an expert on board), then this is certainly a good purchase from a distance.

Regards
Thorsten