Financing purchase project single-family house 580TE before upcoming parental leave

Because it always depends on the requirements and the object. If I am tiling the bathroom and planning a 30 sqm wellness oasis with oversized tiles and a walk-in rain shower, then I can easily sink more than 30,000 euros into a bathroom. We have just renovated the bathroom in my parents' bedroom, about 8 sqm in size. New tile backsplash and floors, ceramics, shower tray, and radiator replaced, and the whole thing cost just under 8,000 euros. The only work done by ourselves was installing the washbasin from Sweden and the wall cladding in the non-tiled areas and the new windowsill.

I just want to make a case for renovations, which are so often portrayed here as waste of money and kamikaze.

How much DIY work? Please write down what you did yourself. Also,
I am saying that this is not my experience either. It should be clear that he didn’t lift a finger and whether he compared offers is debatable. But that was also 5 years ago and should probably still be about right with current prices.
So why do you find 30k€ in 2022 for a complete bathroom renovation unreasonable if everything is done by others?

Most of those warning about renovation costs here have built new. :) If you don't have to touch the structural integrity, the roof, or the heating, or deal with the asbestos nightmare, then the costs can be kept quite well under control. And as an architect, you can also estimate that. I am currently renovating the third house in my life and even this 200-year-old wreck with roof, heating, electrical work, and insulation costs no more than 150,000 euros. There are also various subsidies, so that especially the energy-efficient renovation is not fully borne. If the house has a good core and a good location, then a renovation can result in a very nice house.

I also think that when it comes to renovations, people always scare themselves unnecessarily. Sure, there are shacks that are better torn down. But most houses in Germany are very solidly built and last at least 150 years, usually certainly much longer. And you don't always have to renovate everything completely. And yes, we have renovated (built in 1921) and are happy with it, we also didn't do everything. Our insulation from the early 90s and the gas heating from 2010 still work perfectly.

As for the rest, the topic itself, I can't contribute much. That would be way too much money for me. Broken down, it's a house from the 50s/70s with an extension for a horrendous price. Even if the market allows that price, if you take a step back, it's actually crazy. But it's no different here by now; even higher prices are being called for here.

As always in such cases, I would write a priority list: (1) what must absolutely be done when the property changes ownership? Insulating the top floor ceiling comes to mind. Then (2): what do you absolutely not want to do anymore once you live in it? Tearing down all walls and rewiring, for example. And then you come to the things that would be nice but can basically wait and be done later (3). New windows or the facade. Maybe you just fix one bathroom for now, or none at all – if they still work... Then you only have to check if there is anything that falls under (2), like some wiring through the house or similar. If the budget is limited, you have to see how far you get and whether you can at least cover priorities 1 and 2. And then honestly... Is there anything left over to gradually tackle the rest, or do you live hand to mouth? That’s how I would think about it.

Most of those who warn here about the renovation costs have built new. :) If you don’t have to deal with the statics, the roof, or the heating system, or the asbestos nightmare, then the costs can be kept quite well under control. And as an architect, you can also estimate them. I am currently renovating the third house in my life, and even this 200-year-old wreck does not cost more than 150,000 euros with roof, heating, electrical system, and insulation. There are also various subsidies, so that especially the energy-efficient renovation is not entirely at one's own expense. If the house has a good core and a good location, then a renovation can result in a very beautiful house.

That is also our way of thinking. We do not expect a new build; costs should stay within limits :) And we would do everything step by step… We are now waiting for the appointment with the architect and then we will know more. Regards

We do not expect a new building; costs should remain within limits

But what exactly you expect now is a mystery to me. In the initial post, it still sounded more like a rather complete renovation with new electrical wiring, water pipes, windows, facade, etc. Later it sounded more like new bathrooms and simple renovation:

The 70TE are modernization measures, i.e. bathrooms, floors, kitchen, painting, possibly including windows (panes), etc.

And from the 70,000 the kitchen is also deducted, right, or how is that to be understood? Kitchen is a movable piece of furniture and is usually not included, but listed separately.

I am currently renovating the third house in my life and even this 200-year-old wreck with roof, heating, electricity and insulation does not cost more than 150,000 euros

My renovation cost significantly more, so I know how quickly costs can explode. Well, I had a load-bearing wall and a chimney shaft removed, two new dormers, a massive new lift-and-slide door, completely new interior plaster (it was a disgusting stinky smoker’s den) and certainly some other cost drivers. Everything I have listed now I would never be able or willing to undertake after moving in.

But what exactly you expect now is a mystery to me.

In the opening post it still sounded like a rather complete renovation with new electricity, water pipes, windows, facade, etc.

Later it sounded more like new bathrooms and simple renovation:

And the kitchen is also subtracted from the 70,000, or how is that to be understood? The kitchen is a movable piece of furniture and is usually not included, but listed separately.

My renovation cost significantly more, so I know how quickly costs can explode. Well, I had a load-bearing wall and a chimney shaft removed, two new dormers, a hefty new lift-and-slide door, completely new interior plaster (it was a disgusting smelling smoker’s den) and certainly some other cost drivers. Everything I have listed now I would never be able or want to tackle after moving in.

According to the architect, nothing absolutely has to be done. Pipes, electricity, etc. will be checked on site by him tomorrow. We will wait… If a comprehensive renovation is necessary, we "don't feel like it" ;-)