Finance variably. Just don’t get stressed. Then, once the rest is settled, replace the whole thing with a proper loan for the total amount.
With all the options, one sometimes quickly forgets: "Strength lies in calmness." We are "trying" to calm the pulse a bit.
Since the early 70s - so almost fifty years - a then almost new house has not been inhabited. Sounds like a haunted house, murder house, or why did no one want to live there?
The parents built the house; the owner was already 27 and had moved out. Shortly after the construction, they passed away. Since then, he has been there maybe 2-3 times a year for a few days. It even got to the point where the heating oil was regularly stolen when newly delivered.
The demolition price is realistic. Schönfels Fehmarn recently demolished a building for us with an asbestos roof for 12 including tax; in Husum, there’s also such a demolition guy who goes about it painlessly. This will work here.
Someone will definitely buy the plot; it’s a door that won't open again. Build on it and live in it. Financing through the house bank Sparkasse is correct; they know each other, trust each other. In SH, there are often uninhabited houses, no need to worry. 11ant’s idea to leave the cellar would be worth considering. Check the new construction costs carefully and critically. It seems a bit tight to me, but only somewhat. Not completely unrealistic. The garden, the driveway, that must also be taken into account. Here in our neighborhood, there are some who first claimed, “We’ll do the garden ourselves.” The fact is, only two really manage it, one is a professional landscape gardener, the other a carpenter. All desk workers, on the other hand, failed and had to hire companies after all. K.
Good morning, the foot is firmly in the door. Thanks for the tip about the demolition company. The new construction costs are being adjusted upward little by little through further talks day by day. I’m therefore planning mentally with a significantly larger buffer. This was the result of an appointment with a financial advisor and my architect yesterday evening.
Ek10k with this income and now going into such an action? Forget it.
Wow, and I thought I was in quite a good position after my wife’s long parental leave (she’s only been working again since January 2018).
We will definitely buy it.
A first informal financing discussion yesterday was very positive.
We felt well advised, there were many useful tips and detailed explanations. The result was a first possible option. A three-part combination of a bank loan for about 50% of the property value, 100,000 KfW + 50,000 KfW.
Use the KfW loans from small to large and “quickly” repay the 50,000€ through Baukindergeld. Then increase repayments accordingly.
But we’re not that far yet. On Sunday it gets to the nitty-gritty with the architect; by the end of next week she will have the construction cost calculation.
Many thanks so far for all the replies!