Ecologically built house with wooden facade - Features

Living together with the parents is also a good idea in my opinion. However, I would not decide this primarily for financial reasons but based on whether this fits into my life plan. Do we want to live there with our parents with all the advantages and disadvantages. At the time, I decided that way and would do it again, but I can also understand perfectly if someone does not do it for personal reasons (or the parents don’t). Besides the actual house construction, there are many other things to consider; otherwise, the technical building problems will be among the smaller ones later on. From a fundamental point of view, though, I think this lifestyle model is good. Now you would give the house seller an amount x "more" (you are only giving him "the market value"), with a new build the money just disappears somewhere else and don’t fool yourself into thinking you would get your house exactly the way you want it. When building, you will experience just as many restrictions and compromises. Therefore, both options are possible, I would just make sure not to talk myself into a version more beautiful than it is. The location of the building plot would also be decisive for me. I know a case where a house was placed on a rather mediocre building plot because that’s what they already had. My idea to sell it and buy a nicer plot elsewhere was ruled out because the family land is not sold. For me, it would have been an exchange but I was not the one to decide. I would ask the parents quite concretely, really CONCRETELY, how something like that would look regarding ownership structures and whether you would actually be the owner afterwards, meaning you can really decide freely. That’s why money would only be the next question after the how. But it is difficult to imagine if you don’t know the people involved, the house, and the plot either. Moving directly into a nice house has just as much appeal.

Land value approx. €60/m² x approx. 600m² = €36k plot value. How realistic the land values are here in the Rhine-Main area (even in such a small village) is debatable.... If I put the house through the common real estate value portals, I get amounts from €320k to €380k for house + plot. The financial advisor from Interhyp calculated similarly. Our last offer was close to €500K :eek:

Whether the actual plot value is now €50k or €70k ... that doesn't really matter ... what is more decisive is: what would your construction costs be if you built a (in size and quality) comparable NEW house on a free plot? A 25-year-old house should probably cost around 30 to 40% less?

A 25-year-old house should cost about 30 to 40% less, shouldn’t it?

Rather the opposite. Demand is high and available building plots are scarce. Switching to new construction is correspondingly difficult. Construction companies have full order books. If you get a plot today, you easily have 1.5 years until you can move in. More likely significantly longer. Accordingly, existing properties are traded at quite high prices.

The comparison to new construction is naturally flawed. If you build new today, you get a better standard in many aspects. Energetically, you are better off with the minimum requirements of the Energy Saving Ordinance than with an eco house from the 90s. Underfloor heating is standard today, unless you explicitly don’t want it. And so on. Only with the basement are new buildings not comparable, as it usually falls victim to cost-cutting.
But let’s take 500k as an offer plus 60k additional purchase costs plus a few minor renovations. For that, you can still build new in that size, except for the basement.

The comparison to new construction is naturally flawed. When you build new today, you get a better standard in many ways. In terms of energy, you are better off with the minimum requirement of the Energy Saving Ordinance than an eco-house from the 90s. Underfloor heating is standard today, ...

and that is exactly why, DESPITE the currently high demand, a discount of 30 to 40% on today's new construction square meter prices seems appropriate to me
since I haven't quickly seen whether the house has 100 or 200 sqm of living space, an assessment of whether 500 k€ including land = 430 or 450 k€ only for the house is reasonable is obviously not possible ...

In #5 it says something about 124sqm of living space and a bit more building area that I would have now attributed to the basement. Reasonable and market customary are unfortunately two different things. Originally, I actually didn’t want to build either. But in the existing market, incredible money is paid here for totally run-down and unsanitary houses from 1970-80. My tip would be that half of the buyers completely misjudge the need for renovation.

In #5 it says something about 124sqm living space and a bit more building area which I would have now attributed to the basement. Reasonable and market-standard are unfortunately two different things. Originally, I actually didn’t want to build either. But on the existing market, incredibly high prices are paid here for totally run-down and unrenovated houses from 1970-80. My tip would be that half of the buyers completely misjudge the renovation needs

Correct, it is 124m² + approximately 60m² basement.