Cost of renovation?

The heating sounds okay in terms of price. I am not familiar with the package including the underfloor heating.
With us, a standard front door from a specialist dealer with a U-value of 1.1 costs about €2100 including removal of the old door and installation of the new one.
Roughly estimated, after the heating, windows, front door, and electrical work, you still have €8,000-9,000 left. You then have to pay for the bathroom and kitchen, floors and walls, as well as small items.
I made a list of all the things that need to be done. I entered an estimated amount for each item. Then I obtained quotes (for the things I will have done). All other items I researched prices for in stores and online. This way I have so far a fairly reliable cost breakdown after which I was also approved for a loan at the bank. According to my estimate and the quotes, I am currently well in the positive, but you can never say what surprises might still come up that will cost money again.
Remember, if you buy cheap, you often buy twice. We also once bought a cheap kitchen (four years ago) because we did not know if the house purchase would actually happen, and now after four years of use by two people it has reached the end of its lifespan. In the bathroom, "cheap" fittings are installed that have already had to be replaced once after 4-5 years because they were cheap.
Make a cost breakdown and think about how cheap you want to make it.

Hello,

... It is important to me that it is first dry, sealed, and warm, I’m not in a hurry to move in because I can currently live rent-free and thus save money to be able to do everything ....

I would warmly encourage you to reflect on the words of my predecessor!

I have roughly estimated your renovation measures and come to the conclusion that this – entirely in EL – will not be achievable under a minimum of EUR 60,000. What you list in your last response is – except for the pellet heating system – only the cheapest of the cheap. In the short term, this will backfire and you will buy again, and thus you will no longer get by with my estimate; so it will become really expensive, to say nothing of the additional work.

Take the EUR 35,000 and consult an expert; I assume there is no value appraisal available for the house? I could imagine that he will suggest that first you replace the heating and the windows, insulate the roof, clear out the basement in order to apply the thick coating and perimeter insulation (provided the basement does not have to be dried first or additional measures need to be taken on the masonry). That way the house – as long as the expert raises no objections – would be externally finished for the time being and thus a big step toward renovation would be done. You can then tackle the interior renovation little by little and as money is available. That can take a while, no question – but you yourself write that you have time. Have you ever thought about having a conversation with an independent financer regarding KfW?

I personally consider everything else indefensible, as otherwise – with the approach you describe – it will otherwise remain a money pit; more than an old property will always be so or so.

Kind regards

Hello and first of all, thank you very much for your comments on my project. What you (construction expert) described, namely replacing windows, installing a new heating system, insulating the house, etc., I have already mentioned that I want to do this (just without an expert). Of course, I have thought about getting a professional involved, but I don’t know what new information they could give me. We definitely do not want to have a value appraisal done before the purchase, since we already know that the land alone is worth well over €150,000 based on the ground price, and I am only getting it this cheaply because we know the current owner well and he has no one else to transfer it to. I have also thought about getting a subsidy, for example through the pellet heating system, which I will start working on in the coming days. Regarding the renovation, I have a master mason, plumber, and electrician in the family on hand; I cannot assess whether this experience is sufficient to carry out the necessary renovations (that’s why I asked you), and if you still recommend an expert, I will seriously consider it. Either way, I am going to buy it, because if it doesn’t work out, I can always sell it later at a higher price if necessary... Okay, and regarding buying "cheap" stuff, I completely agree with you, I just wanted to list how I arrived at these amounts. I will probably choose higher-quality materials and then move in 1-2 years later; I have about €5,000 per year available for construction with my salary and the amount I set aside monthly after all deductions + food and drink. I think that is a good pace if the "necessary things" are ready, right?

Hello,

What you (building expert) described, like replacing windows, installing a new heating system, insulating the house, etc., I have already mentioned that I want to do this (just without an expert).

You should definitely not undertake this without an expert. If you and the seller agree, you can already commission a valuation report; the seller will not see it since you are the client, and the seller will surely understand that you need to discuss the necessary renovation measures with an expert before you possibly take on financing/grants.

Of course, I have thought about getting someone from the field, but I don’t know what new information they could give me.

Oh, a lot. Starting with a precise description of the building fabric and ending with a cost estimate of the renovation; if there are unexpected problems - from your side - they will also point them out.

Regarding the renovation, I have a master mason, plumber, and an electrician in the family, but I can’t assess if their experience is enough to carry out the needed renovations (that’s why I asked you)

None of us can either, we all lack a crystal ball

I will probably opt for higher quality materials and move in 1-2 years later, I have about 5000€ per year available for construction with my salary and the amount I set aside monthly after all deductions + food and drink, I think this way one can make good progress once the “essentials” are finished, right?

I see it exactly that way

Kind regards

I am still very inexperienced in this area, but I would be interested to know what you have paid in the area of "Bauschutt".. ? I mean for containers..

Hello, have you made any progress with your project? I am about to buy a house and already know what needs to be done after the purchase. For this, I enlisted the help of an expert who inspected the property beforehand. The cost was 450 euros cash up front. Maybe that would be an idea for you too, to learn more about your property. Anyway, hopefully, I'll be starting soon and will get to present my little gem here (of course, garnished with various questions about my personal mega project).