Costs of inheritance, demolition, new construction

I also think that the floor plan has potential. But I would follow up on the tip with the expert. After all, the house you want to gut or renovate also has to be sound. Then you can gut it and put up new walls, or replace load-bearing walls with beams. You have to see the house as a shell. A good architect will surely turn it into a charming house for you. Nevertheless, please take one step at a time: settling an inheritance can take a very long time, even if everything looks or sounds simple. However, I would bring the expert in now, after all, it’s also about the value of the house with [Grund].

I would include the appraiser already now, after all, it is also about the value of the house with land.

That's not quite correct, is it? The value of the house is not determined by the market value, but rather by an income value. In other words: comparable local customary annual cold rent for the house x 12.5 minus the depreciation due to age of 25% (0.5% per year - for a house from 1960, that's at least 50 years). -> To reach €200,000, the customary local rent would have to be €20,000 per year. That is a cold rent of €1,666 per month [in our area, that would be quite common,...].

@Wastl

The value for single-family homes is usually not determined using the income approach, but rather the comparative value or cost approach. In addition, the right of residence must be taken into account. I hardly believe that one would reach 200,000€ for an unrenovated residential house with a right of residence. Since demolition is already being considered anyway, the house itself seems to be worthless. Roughly speaking, I would therefore rather base the value on that of an undeveloped plot of land (area times standard land value).

With us, the land value was even assessed lower because of the house (which will also be demolished).

Pure land value - demolition costs = assessed price.

However, this had to be clarified in advance with the tax office (binding inquiry).