Dear existing property with renovation or new construction

The plot is really a dream.

But the house is a nightmare. You will never ever economically convert three worker apartments with an external staircase into a single-family home in a more sensible way than tearing down the hut. Is the plot still a dream at the purchase price (with demolition costs of the house and the residual value of the house considered as zero)? - if not, then: keep looking.

Only the plot would probably cost around 350-400 thousand EUR in that location and size. I could still offer them that, but with demolition and new construction, it’s beyond my budget. Yes, I spent an hour looking at and talking about the photos with my father-in-law. He also says: Even without the extension, just with what needs to be done in the existing part, I have to reckon with 100 thousand EUR if I can’t do everything myself. Gradually, the realization is settling in with us that it probably isn’t meant to be. Too bad about the nice plot, but oh well,

If you offer 400 TEUR, then you would have 200 TEUR for the renovation. That could work.

Is the house a slow mover, do you know that?

If you offer 400 TEUR, then you would have 200 TEUR for the renovation. That could work.

I had thought about something like that too, but now I have received the site plan and to me it looks like the property was built beyond the boundaries. Then the comment simply says: "No flawless cadastral documents". What do you say about that? Is it a lost cause then?

Is the house a slow seller, do you know that?

Well, the listing has been online for about two months. In Berlin, that can already be a slow seller...

In my opinion, it depends a lot on what kind of people you are. Rather perfectionists, urban, aesthetes, everything has to look impeccable, adaptable and tolerant regarding neighbors and their needs (then 2) or can you live with visual imperfections at first (then 1).

So far, I vote for 1 for the following reasons:

- We currently live in a property from 1945 where the heating pipes are partially laid on the surface. It does not bother us and we live just as well as if they were laid under the plaster. But for that, we have a detached single-family house, a large plot, a good location, neighbors further away.

- I think about: What is changeable and what is not? The large plot, the location, no neighbors or potential neighborhood conflicts, a high degree of self-determination and freedom in the design of the interior and exterior, the possibility to rent out a granny flat, and much more no one can take away from you. And everything else can be changed with time, motivation, yes, and also money.

- I neither appreciate semi-detached houses nor terraced houses.

- You can already negotiate the price. Maybe you will experience a positive surprise. Or you get offers for your desired changes and it is not as expensive as you thought. That was mostly the case for us, with our house. Maybe with the offers you can also negotiate the price down.

Is the house a slow seller, do you know that?

You can hardly be serious with that question: ground floor as a chamber suite (with bathroom as a walkthrough room!!!); not only the other floors, but actually the majority of the neighboring rooms are only or at least better accessible from the outside; the house is practically like a camper without passage between the driver's cab and the cabin - simply creepy. Slow seller, slower seller, slowest seller. Whether given away or a bit more or less a fair price depends significantly on whether three residential units and their holiday rentals are allowed at this location. That is precisely where the catch will lie and generate sales pressure: many cities nowadays issue statutes "against Air bnb". As a renovation project into a single-family house, however, the shack is structurally unsuitable; substance and beauty are only marginal concerns way on the sidelines, and even the value factor "location" manages here once to recede almost completely into paleness (as said: as a holiday rental property with cash cow potential, but not even worth the trash bin for family residential self-use).

only with what is to be done in the existing part, I have to reckon with 100,000 EUR,

The demolition won't be that expensive. But by experience, owners of junk properties in good locations are not very willing to negotiate. So, straighten your crown and keep searching.