haussuche123
2024-01-08 18:54:51
- #1
Hello everyone,
My partner and I have been looking for a suitable property (single-family house) in our place of residence for quite some time. Now, two opportunities to acquire an existing property have come up. However, since we are uncertain about the renovation or refurbishment effort required for each house, I wanted to ask for your assessment here:
Existing Property 1:
Year of construction: 1965
Living area: 140 m2 with about 45 m2 usable space (fully basemented) + solid outbuilding
Plot size: 800 m2
Orientation: South-facing plot
Heating: Oil heating from 2015
Energy class: Energy certificate is currently being provided (but I suspect worse than F)
Roof construction: classic gable roof, 1.5 stories. The attic is dry but uninsulated
Masonry: double-shell, but unclear whether with an air gap or not
Standard land value: 150 Euros / m2
With this house, the electrical and water pipes would definitely have to be redone, as well as the two bathrooms, the roof (with additional insulation), the basement, and the windows completely renewed (there are many double-glazed windows, but they are almost 40 years old). An advantage of the house is that we could theoretically move into the upper floor and first renovate the ground floor, although I know many advise against that. We also really like the south orientation and the established structure of the plot. A clear disadvantage here is the relatively high renovation effort and the fact that the house is located on the edge of a mixed-use area.
Existing Property 2:
Year of construction: 1975
Living area: 130 m2 with about 50 m2 usable space (fully basemented) + solid outbuilding
Plot size: 900 m2
Orientation: house stands fairly centrally on the plot, most of the garden is to the north, and there is also some garden space to the south
Heating: Oil heating from 2001
Energy class: F (175 kWh)
Roof construction: flat roof (roof felt last redone 25 years ago), house is built in split-level design
Masonry: double-shell
Standard land value: 180 Euros / m2
In this house, the pipes (electrical and water), the two bathrooms (main and guest), the basement, and the exterior walls would need to be insulated, and new windows would also be required here. Because of the flat roof, there is an option to install a photovoltaic system. Here, too, we could theoretically move into part of the house... An advantage of this house is that it is located in a purely residential area, but the disadvantage is that most of the garden lies to the north. Additionally, the construction style is somewhat unusual for us.
Since neither of us are major DIY experts but are willing and able to help out, we wonder if it even makes sense to buy such an old house and gradually renovate or refurbish it over the years. Furthermore, we are unsure about what costs might actually arise from a renovation, without the expectation of turning an existing property into essentially a new build.
Another option would be a new build in a new development area. Even though we have some equity (about 20% of the costs for the new build including the plot, i.e. around 110,000 Euros) and can finance 170,000 Euros through the KFW 300 program, a monthly payment of almost 2,000 Euros is quite daunting. On the other hand, a new build would offer not only design freedom but (hopefully) also some cost security for the next 10-15 years.
My specific question is therefore: What would you decide in our place? Does the purchase of an existing property and the idea of gradual renovation (floor by floor or the worst before moving in and then over the years the second bathroom, basement, etc.) even make sense from a cost perspective? Or might we end up with a similar cost volume as with a new build, only that an existing property remains an existing property? I am also thinking about the issue of municipal heat planning and the beginning CO2 pricing...
I look forward to your suggestions.
My partner and I have been looking for a suitable property (single-family house) in our place of residence for quite some time. Now, two opportunities to acquire an existing property have come up. However, since we are uncertain about the renovation or refurbishment effort required for each house, I wanted to ask for your assessment here:
Existing Property 1:
Year of construction: 1965
Living area: 140 m2 with about 45 m2 usable space (fully basemented) + solid outbuilding
Plot size: 800 m2
Orientation: South-facing plot
Heating: Oil heating from 2015
Energy class: Energy certificate is currently being provided (but I suspect worse than F)
Roof construction: classic gable roof, 1.5 stories. The attic is dry but uninsulated
Masonry: double-shell, but unclear whether with an air gap or not
Standard land value: 150 Euros / m2
With this house, the electrical and water pipes would definitely have to be redone, as well as the two bathrooms, the roof (with additional insulation), the basement, and the windows completely renewed (there are many double-glazed windows, but they are almost 40 years old). An advantage of the house is that we could theoretically move into the upper floor and first renovate the ground floor, although I know many advise against that. We also really like the south orientation and the established structure of the plot. A clear disadvantage here is the relatively high renovation effort and the fact that the house is located on the edge of a mixed-use area.
Existing Property 2:
Year of construction: 1975
Living area: 130 m2 with about 50 m2 usable space (fully basemented) + solid outbuilding
Plot size: 900 m2
Orientation: house stands fairly centrally on the plot, most of the garden is to the north, and there is also some garden space to the south
Heating: Oil heating from 2001
Energy class: F (175 kWh)
Roof construction: flat roof (roof felt last redone 25 years ago), house is built in split-level design
Masonry: double-shell
Standard land value: 180 Euros / m2
In this house, the pipes (electrical and water), the two bathrooms (main and guest), the basement, and the exterior walls would need to be insulated, and new windows would also be required here. Because of the flat roof, there is an option to install a photovoltaic system. Here, too, we could theoretically move into part of the house... An advantage of this house is that it is located in a purely residential area, but the disadvantage is that most of the garden lies to the north. Additionally, the construction style is somewhat unusual for us.
Since neither of us are major DIY experts but are willing and able to help out, we wonder if it even makes sense to buy such an old house and gradually renovate or refurbish it over the years. Furthermore, we are unsure about what costs might actually arise from a renovation, without the expectation of turning an existing property into essentially a new build.
Another option would be a new build in a new development area. Even though we have some equity (about 20% of the costs for the new build including the plot, i.e. around 110,000 Euros) and can finance 170,000 Euros through the KFW 300 program, a monthly payment of almost 2,000 Euros is quite daunting. On the other hand, a new build would offer not only design freedom but (hopefully) also some cost security for the next 10-15 years.
My specific question is therefore: What would you decide in our place? Does the purchase of an existing property and the idea of gradual renovation (floor by floor or the worst before moving in and then over the years the second bathroom, basement, etc.) even make sense from a cost perspective? Or might we end up with a similar cost volume as with a new build, only that an existing property remains an existing property? I am also thinking about the issue of municipal heat planning and the beginning CO2 pricing...
I look forward to your suggestions.