JensDos
2019-03-10 23:59:20
- #1
Good evening,
I just registered here (hello for now) and I really hope that one or two of my questions can be answered :)
I would be very happy.
Today I was offered a house here in Osnabrück (privately).
The house is a 4-family house including a plot of land of about 1000m² (of which about 400m² is not building land). The whole thing is supposed to cost 50,000 euros.
The house was valued last year by the OLB (170,000).
The condition of the house is okay so far (built in 1960 after all).
There is a need for action in the heating system and in general renovation work, which I currently estimate quite optimistically at 30,000. (Please don’t dwell on that)
Now I would like to know how to proceed.
A real estate loan from the bank is hardly possible due to the small amount? (At least that is what I have read several times). Instead, it probably comes down to a normal installment loan?
So, I would take out the purchase price (notary etc. is paid like that) from the bank and can take out a modernization loan through the KFW?
Or should one rather take out the total amount (house price + modernization) from the bank and thus possibly have the opportunity to use a normal home financing with its interest rates after all?
I hope the question does not reveal me as completely ignorant ;)
I am grateful for any answer and suggestion.
Regards J
I just registered here (hello for now) and I really hope that one or two of my questions can be answered :)
I would be very happy.
Today I was offered a house here in Osnabrück (privately).
The house is a 4-family house including a plot of land of about 1000m² (of which about 400m² is not building land). The whole thing is supposed to cost 50,000 euros.
The house was valued last year by the OLB (170,000).
The condition of the house is okay so far (built in 1960 after all).
There is a need for action in the heating system and in general renovation work, which I currently estimate quite optimistically at 30,000. (Please don’t dwell on that)
Now I would like to know how to proceed.
A real estate loan from the bank is hardly possible due to the small amount? (At least that is what I have read several times). Instead, it probably comes down to a normal installment loan?
So, I would take out the purchase price (notary etc. is paid like that) from the bank and can take out a modernization loan through the KFW?
Or should one rather take out the total amount (house price + modernization) from the bank and thus possibly have the opportunity to use a normal home financing with its interest rates after all?
I hope the question does not reveal me as completely ignorant ;)
I am grateful for any answer and suggestion.
Regards J