Financing - Renovation of old stock with high costs: Realistic?

  • Erstellt am 2025-01-16 12:53:27

Moni258

2025-01-17 16:23:42
  • #1

Wait, please put the statement into context. €640,000 already sounds expensive to me. Was that just your realization that it probably really costs that much, or do you suspect it could cost significantly more?


Yes, it’s not an investment for capital growth. The resale value is not the primary consideration. You could be right, but of course, no one has a crystal ball for the future.


About 16m x 9m. Why are the outer dimensions a factor?
It is a half-hipped roof.


Yes, that’s clear, but it’s no problem for us.
 

K a t j a

2025-01-17 17:41:53
  • #2

Well, yeah. Such a renovation is usually more expensive for such an old house than building new. Especially with historic preservation, the trades aren’t just off-the-shelf. You often have to expect an additional factor. However, I don’t know if there is still any funding or similar? I’m not familiar with that.

If I take your 230 sqm x €3000 standard value, we’re already at €690K. You can now deduct an amount for the shell construction and a bit for the roof structure. But you would have to calculate quite a bit of additional work for the heritage requirements, filling the basement, and disposal/demolition (e.g., windows, doors, old pipes, cables, etc.). Everything else must be new including various connections – simply everything. I estimate, in the end, you’ll land around €700K to €750K depending on the federal state, standards, requirements and without major own effort, also for the design of the outdoor facilities of 3000 sqm garden etc.

To estimate the dimensions. The 230 sqm is only ground and upper floor, right? The roof structure is not included if I roughly calculate. 16x9x80% is exactly 230 sqm. But you would at least "clean up" the attic. That usually isn’t free either.

That too. It’s nice but just more expensive than “normal.”

I actually meant woodworms in the roof structure. Anything like that known?
The bat thing is funny – that’s literally small critters that also make a mess.


What do you mean by that? Do you have a mason in the family who can re-plaster the walls or do you mean just cleaning?
 

Moni258

2025-01-17 18:18:49
  • #3
The architect of course calculated everything like development, additional effort for the monument, etc. I now somewhat read from your explanations that you doubt this calculation. Of course that is possibly a legitimate doubt and one of our biggest fears after all is that we will not manage with the 640,000€. But obviously that is hard to say. Much of it is currently pure speculation. No, nothing like that. All the wood was examined by experts.
 

K a t j a

2025-01-17 19:18:35
  • #4

Yes, mixed with experience, I would say. And that was what you were after, right? Experiences and opinions of others to estimate the costs.
My recommendation would be to tackle the project only if the 640K is not the absolute upper limit for you or if there are options that can be omitted in case of foreseeable financial tightness.
 

Moni258

2025-01-17 19:21:10
  • #5


Yes, that is exactly what we are here for and we are also grateful for all advice and opinions. We currently see the last part exactly the same way. If necessary, more personal effort must be invested or some things omitted.
 

K a t j a

2025-01-17 19:27:42
  • #6
So what about the plastering now? Can you do that yourselves or did you really mean rather cleaning, tearing down and the like?
 

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