GeradeSchräg
2020-11-25 15:59:34
- #1
Forget the new build. The price in the auction will become so unprofitably high for a demolition and new build. Renovation or leave it.
In our area, exactly this is the case..
Old houses without much value but on relatively large plots.. at prices of large plots + a little for the house
A friend acquired a similarly old house, somewhat larger, about 160m² + basement.. The basement does not meet today's standards and is used purely as a storage room. The renovation cost about 125k but he did a lot himself, everything he didn't do himself was carried out by corresponding connections. And not everywhere on the house was worked on and modernized. There's still a lot left to do.
You have to consider, for some, the house may be "livable." They might be willing to pay a little more.
If the property sells below the land price, in my opinion, a new build would be conceivable.. If it is as described above, then only renovation is an option, everything else is not wise.
However, I expect the biggest problem potential with the basement. Behind the property begins a nature reserve with a wet meadow
The expert speaks of "considerable renovation requirements" but does not go into detail. From the photos and what I can see from the outside, nothing major has been done to the house since the extension in the 70s, but it does not look "as if it will collapse soon."
However, that sounds like demolition. I would only offer so much that a demolition + new build is economically feasible.
Unless you have nerves like the people on a German TV channel, turning demolition objects into "livable". :D