nordanney
2024-06-25 11:54:19
- #1
So renovation, for a refurbishment the budget is by far not enough. That is a meager 340€/sqm – basically a paint job (floors, walls, heating – then the money is already gone). If the condition is really that old, then better stay away from it. P.S. Do you have no equity at all that the installment is so high? With a 450k loan, the installment should still be well below 2,000€, supported by a decent rent from the large granny flat. I find both your calculation of the renovation costs and the financing quite strange, to say the least (that’s the real estate financier speaking from me).Max another 100k,