House price reasonable?!

Hello everyone,

we currently have a prefabricated house from Bien-Zenker in sight. It was built at the end of 2013. So it is almost new. A family with 5 children lived in it for 1 year. The marriage broke up, the house is being sold. Some interior work was done by themselves, which is partially visible (bathroom poorly grouted). The specifications are as follows:

[*]Living area 180 sqm on two floors
[*]Downstairs there is a utility room, kitchen/living/dining open, bathroom, guest room
[*]Upstairs there are 4 bedrooms and a bathroom

[*]Kfw 70 with district heating, controlled living space ventilation Lunos with heat recovery

[*]Plot 475 sqm, price was 250€ per sqm
[*]No basement
[*]House is very simple, gable roof, no balcony etc., knee wall 1.60 m

[*]Prefabricated garage with 7.50 m length
[*]Driveway and parking spaces paved
[*]Terrace slabs are laid
[*]Garden is not done yet, no fence, lawn, plants, etc.
[*]2 bathrooms downstairs with shower, upstairs with shower and tub, normal standard
[*]Large kitchen with Bosch appliances
[*]Floor is laminate
[*]3 solar modules on the roof

The purchase price is 390,000€ plus broker fee. All walls need to be painted because they are quite messed up by the children. Some skirting boards need to be done. Garden needs to be done.

What do you think? Is the price reasonable?

Thank you very much.

Best regards
Timo

What the property cost back then is actually irrelevant. What matters is what it would cost now. Can you come to terms with the house? The price also has to feel right. A few walls to paint should actually not be a deal breaker. That can be changed quickly. Bien-Zenker is already one of the more expensive prefabricated house manufacturers. A prefabricated house is not necessarily a bad thing. A prefabricated house is usually even more expensive than a comparable solid house. So you shouldn't have any disadvantages. A properly maintained controlled ventilation system should actually cause no problems, but only increase living comfort.

The property would now probably cost 280€. I don't think much has changed here. Gut feeling says yes for 370,000€

You have a different heating system there than a normal Bien-Zenker customer who only has an air heating system. With the district heating, you have a proper heating system plus an additional controlled residential ventilation. Have you ever looked at the district heating contract? Sometimes expensive traps can lurk there.

The contract is generally sound. I also know some other tenants who live there and are absolutely satisfied with the costs. The Kontrollierte-Wohnraumlüftung is decentralized and does not heat. Unfortunately, no underfloor heating.

I also bought an almost new house (2 years old). Therefore, I know from my own experience that such houses can be sold for a relatively high price.

But this can be justified because everything is already finished, which in all the house prices is often perhaps set too low ("I'll do the garden myself...", "we just want to build..."), and in the end is done differently or more expensively - in my opinion.

Besides, it was worth it to me to have something finished and not have to decide anything anymore... but I know many people enjoy building.