This statement makes little sense.
That may be true, but is usually very unlikely. I don’t know how many times I have read something like this here. Why should the seller want less? Or to come back to your specific example, why should other interested parties offer less here? You simply can’t know what they offer. The starting price means nothing. They also know what it costs in the area. Accordingly, the price will turn out.
Land costs from the area minus demolition costs at best.
I expressed myself a bit unclearly there. Of course, it could be that such a high bid would be made, but then we would drop out. Our limit would be if, in the end, after demolition and clearing, we would arrive at the land value. Otherwise, we would let it go. This is not the first auction; last time it did not sell, the creditor’s claim is significantly below the market value, so it wouldn’t be excluded to get it cheaper. Someone still lives there and, as said, it would have to be demolished and cleared out, which doesn’t bother us much since we wouldn’t want to start building immediately anyway, but for others it is probably rather uninteresting because of that.
Yes, and here come additional costs due to disposal of the old basement. Depending on the year of construction + condition possibly even hazardous waste?
Yes, we are still trying to find that out. The expert report does not reveal much in this regard. We will get access to the files at the court again to see if there is any further information.
Also : estimated demolition costs were calculated in the expert report. But I don’t know to what extent materials were examined more closely. Of course, we would not do that ourselves, but have it demolished. But naturally, more costs would arise if, for example, it involves asbestos. The house is from the 50s, so there is a risk, but also a chance, that asbestos was not used.
You cannot generally say that. It depends on so many factors. Location, condition, size, just to name a fraction. Below is a post as an example. I would just use the search and click through. There are some threads here with similar houses. A normal basement on an ordinary plot should be feasible for about 70k. But as mentioned above, that reference point doesn’t help you much.
My amateur opinion, which I have formed here over time, is that due to the hillside location, a livable basement becomes much much more affordable than without a hillside. For this “small” additional cost it is therefore worthwhile for many. If the budget does not allow it, then it just doesn’t work.
But if you can save a complete floor through the livable basement, it is estimated to be cheaper to build with a livable basement. But don’t forget that you will lose corresponding sqm in the process. I mean, it is quite a difference whether I build 2 residential floors + basement or just 2 residential floors.
That already helps, thank you very much!
Basically, it is about the following:
So, if we assume roughly 160-170 sqm of desired living space, I could (I’ll simplify the calculation now) build an 80-85 sqm basement and put 2 corresponding full floors on top.
Or I build a 100-110 sqm basement, of which I use 60 sqm as living space and 40-50 as utility basement, and build only one floor with 100-110 sqm on top. Living space remains the same. And we actually don’t need an 80 sqm basement. It would be for building services, laundry room and tool cellar plus some storage space.
Altogether about 200 instead of 240 sqm and therefore cheaper – or does the saving cancel out again because of larger excavation and the partial living basement being more expensive compared to a utility basement?!
We basically have a relatively large budget scope. But of course, before potentially bidding on something, we want to have a rough idea, because obviously the effort to make the plot ready for building would not be insignificant.