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

  • Erstellt am 2025-01-16 12:53:27

CornforthWhite

2025-01-18 00:10:07
  • #1
True, but apart from the cleaning work, which I personally (as already wrote) would rather leave to a professional, the planned own contribution seems to be limited to the work to be done later. Until then, certainly quite some time will pass. For painting or laying floors, you don't necessarily have to be two people; a parent can supervise, or the kids can be looked after by family or friends. What is initially planned as own contribution doesn't sound like an "endless story." What ypg suggested sounded to me more like, if the money isn't enough, which doesn't necessarily have to happen, you first finish part of the house where you can already live well. Maybe the ground floor is enough for now? The rest then gradually if necessary, and the kids will be a bit older and won't need such close supervision anymore. There is quite a reasonable renovation budget, with which you should be able to at least get part of the house done.
 

Moni258

2025-01-18 06:29:27
  • #2

Yes, that is probably the biggest problem, and logically no one can make a well-founded statement here.


That is at least (so far) not the case with us. We also had to deal with the monument protection office as part of the building permit. They had some demands and there was a lot of discussion, especially regarding the solar system, etc., but they were reserved when it came to details. They were only vehement about the window design and the doors. I suspect this is also because they are aware of the very poor condition of the building, and are therefore glad that someone is even willing to take on the whole project.


The option certainly exists, but from our point of view that would really be the last option, since cutting the property would leave us without a single direct neighbor—and we would like to keep it that way.


The plastering work is also something we would like to have done by a professional company. We will do so if the money suffices. However, if it does not, we will do it ourselves after prior professional instruction.


Yes exactly, the vacancy-related condition and damages were of course considered by the architect.


The house belonged to a farming family until the 1950s, who had passed down the building within the family for a long time.
After that, it was sold to another family due to financial difficulties, who unfortunately (according to the neighbors) "always had big plans, but never did anything." They let the house run down and fall into disrepair. Because of the monument protection, they were never able to sell the building for a profit, but at some point, due to its increasingly poor condition and need for renovation, they no longer lived there either, as they themselves had no money for any measures. There is also some village gossip or rumors. Namely, that the last owners deliberately removed bricks to deliberately accelerate the decay, so that the building would eventually collapse, the monument protection would lapse, and at least the land could be sold as building land for better money.
We actually came to the building more or less by chance. After years of legal disputes with the monument protection office and other authorities, the previous owners were forced to sell, and we bought the building (after hearing about the sale from a friend) at that time for very, very little money along with the land, with the condition of at least provisionally securing the building and closing the holes in the roof.


We are definitely a team and want to do it together as far as time with children allows.
 

Philfuel

2025-01-18 07:27:39
  • #3
Wow... We completed exactly such a project and regret nothing. Even with two toddlers. It’s possible, though exhausting, intense, etc., but it works and has many fulfilling moments (for the whole family). We also had to listen to a lot, and one of the bigger challenges was to stay strong and just let others talk. I also believe you are in the wrong forum. You have a half-timbered house – there is a site that explicitly deals with that. Maybe you should introduce your project there once. This forum is quite good for new builds (turnkey), prefabricated houses, and financing. Only a few get their hands dirty here, it’s just a different focus.
 

nordanney

2025-01-18 07:37:30
  • #4
Honestly? According to the description including the ceiling height, that would have been my plan for years. Pouring so much money into such a property out of affection is not for me.
 

K a t j a

2025-01-18 07:43:02
  • #5
Hehe, but let's take it easy now. There are many "do-it-yourselfers" around here. I would count myself among them as well. In my opinion, the decisive factor here is less to maximize the EL, but to estimate the overall effort. In my opinion, even just the drying out and backfilling of the basement is already underestimated.
 

K a t j a

2025-01-18 07:50:40
  • #6
Would you post the cost breakdown from the architect so one can get an impression?
 

Similar topics
14.08.2012Build a home? Land in prospect19
11.02.2015Cost planning for a single-family house including land, additional costs, architect32
06.04.2015Our financing with "own contribution"12
10.04.2016divide a long, narrow plot12
16.03.2018Old building on property - Bungalow extension - Various problems10
29.05.2018Narrow plot with boundary construction - Various questions / problems26
07.09.2021Floor plan tube house L-shape triangular plot including oak tree529
17.06.2019Have the house/property appraised in case of inheritance or gift21
30.01.2020Determination of purchase price for land with old building26
01.02.2021Residential construction on existing building - parents' property19
12.08.2020How to correctly determine the loan amount when there is a lot of personal contribution?15
23.08.2020Building application for a developed plot in the outer area23
20.09.2020Feasibility assessment: Multi-family house design by the architect?11
13.05.2021Is it allowed to position privacy screens arbitrarily on your own property?43
29.04.2021Distance to our rented property for new construction on the plot45
27.09.2021Financing the construction of a house on a plot of land based on the neighborhood33
16.10.2021Building and open space in the outer area10
27.06.2022North-West Facing Plot - Tips24
01.09.2023Buying guide for property - neighborhood of daycare47
25.06.2025Difficult Plot and Monument - §34130

Oben