Buying a house with a child on the way – still financially feasible?

or 50 years old, are considered in need of major renovation.

But not junk! Junk means ready for demolition, and houses from the 60s/70s are not that.

Painting and wallpapering is not enough after 50 years.

Painting and wallpapering is called renovating, that is something different, as you yourself note.

I don’t have to overreact, but when reading you, a used-home seeker must feel really poor.

You must not let yourself get crazy

But not junk! Junk means ready for demolition, and houses from the 60s/70s are not that.



Painting and wallpapering is called renovating, that's something different, as you yourself note.

I don't have to overreact, but when reading you guys, a used house seeker must feel pretty poor.

In our case, it has nothing to do with money. No one has to feel poor who is willing to build or buy. Without an inheritance, everything is usually on credit anyway. I'm just not willing to put €350k-€400k (and that’s what older properties cost here because of the large plots) into it, plus another €100k-€150k for renovation, when I can have something new for €550k.

At any budget level, almost everyone would see it the same way. Unless you actually want to renovate a passion project.

...now let's all agree again

No, 70s houses are not scrap material.
However, it cannot be denied that usually you have to invest quite a bit of money. If this is not the case because it has been constantly maintained, then this is also reflected in the price.
I believe the point that one has to consider what will come with an existing property has been understood.
Some may shy away from the effort (not only the financial one). Especially since the further away one is from the subject, the more difficult it is to assess how good the condition is or to estimate how much investment is necessary.

...now let's all agree again

No, 70s houses are not junk.
However, it cannot be denied that usually you have to put quite a bit of money into them. If that is not the case because they have been constantly maintained, then this is also reflected in the price.
I believe the point that you have to consider what to expect with an existing property has been understood.
Some may shy away from the effort (not just the monetary one). Especially since the further away you are from the subject, the harder it is to assess how good the substance is or to estimate how much investment is necessary.

Full agreement, you get what you see and buy. Everyone should be aware of that and also be prepared to invest money and/or effort and work.

I have already seen positive houses that looked nice after a renovation and houses where you are simply happy to live.