Dream property as a bargain: Sell or own a home

The notary appointment will take place within the next two weeks and the €54,000 will be due.

Finance flexibly. Just don't let yourself be stressed. Then refinance the whole thing with a proper loan for the total amount once the rest is settled.

in a small town in SH which is developed with an approx. 160m² single-family house + full basement from the 60s. The plot has been lying fallow since the early 70s and the building was not inhabited.

Since the early 70s – so almost fifty years – an almost new house at the time has not been inhabited. That sounds like a haunted house, murder house, or why did no one want to live there? The value of a shell is often overestimated, so demolition might be the preferable solution. However, I would consider keeping the basement: underground demolition and filling is not cheap, a basement saves basement replacement space, and the house penetrations are already there. If the structure is good, I would think about it.

Building 160m² at €1800/m² costs €288,000 (including €10,000 - €15,000 demolition)

In my opinion, this is also far too little for SH. As evening reading, take a look at the posts by and .

Search intensively again for the catch in the matter!

I still wouldn't really believe in 10-15K€ demolition including basement and backfilling.

The demolition price is realistic. Schönfels Fehmarn recently demolished a building with an asbestos roof for us for 12 including tax, in Husum there is also such a demolition guy who works painlessly. This will work here. The property will definitely be bought, it is a door that won't open again. Build on it and live in it. Financing through the house bank Sparkasse is correct, you know each other, trust each other, in SH there are often uninhabited houses, no need to worry. The idea to leave the basement would be worth considering. Check the new construction costs carefully and critically. It seems a bit tight to me, but only a bit. Not entirely unrealistic. The garden, the driveway, that must be taken into consideration. Here in our neighborhood there are some who first boasted, we'll do the garden ourselves. The fact is, only two manage it for real, one is a professional landscape gardener, the other a carpenter. All the desk workers, however, failed and had to hire companies after all. K.

Ek10k with this income and now going to such an [Aktion]? Forget it