Moisture in the property

I live there too, but these properties are at most houses after thermal refurbishment. Rural location in NRW can basically only mean really the middle of nowhere, where no one else wants to live. So the Eifel in the middle of nowhere or far off the beaten track in the Bergisches Land/Sauerland. Only there can such prices be achieved – below the calculated actual and land value.

....no, no Eifel or Bergisches!! We are already very conveniently located here in the triangle Cologne, Dusseldorf, Aachen.....rural but definitely not the middle of nowhere. ;)

We are located very conveniently here in the triangle of Cologne, Dusseldorf, Aachen.....rural but definitely not in the middle of nowhere. ;)

This is real estate-wise the middle of nowhere. It goes exactly in the direction I mean.
Small house, relatively small plot – there is quite a lot of junk in places like the Heinsberg district. That is simply a fact. As a rule, you can expect to spend the purchase price again on renovation costs (renovation, not just refurbishment). Worn out, in need of renovation, fittings from the original year of construction, energetically as efficient as an open fire, etc.

This is real estate no man's land. It goes exactly in the direction I mean. Small house, relatively small plot – there’s quite a bit of junk in places like the Heinsberg district. That’s simply a fact. Usually, you can spend the purchase price again on renovation (renovation, not just refurbishment). Worn out, in need of renovation, features from the original year of construction, energetically as efficient as an open fire, etc.

That is really nonsense. Just because it’s a mid-terrace house doesn’t automatically mean it’s junk. And even such houses can be well renovated and made nice. The initial price is so low, there’s enough money left to fix it up. In Munich, the place would probably cost €400,000. Whether the OP wants to live in that area or not is up to them, and they wouldn’t be looking there if it wasn’t an option. It certainly can’t be especially sought-after at that price; around here such a thing definitely wouldn’t sell for under €250,000, more likely more. But that is irrelevant anyway.

That is really nonsense. Just because it is a terraced mid-terrace house, it is not automatically rubbish. And even such houses can be well renovated and made stylish.

No, that is not nonsense. For that price, there are exclusively properties to be renovated. They are barely habitable, but nothing more. You have to invest the purchase price again - that's the average. I come from NRW and know the area well. You yourself say "can be well renovated." Just replace CAN with MUST. Then it fits. The house is not a bargain, for €200k there are also "good" houses in these weak locations.

No, that’s not nonsense. For that price, there are exclusively objects that need to be renovated. They are barely habitable, but nothing more. You have to invest the purchase price again - that’s the average. I’m from NRW and know the area well. You yourself say "can be well renovated." Just replace CAN with MUST. Then it fits. The house is not a bargain; for €200,000 there are also "good" houses in these weak locations.

But why are houses considered junk just because they need renovation? It’s obvious that you have to or rather should do that. That you get used houses where you only paint the walls and can move in is rather rare, logically not at that price either. And the price is obviously adjusted to the condition. That’s not junk, that’s quite normal. And whether you have to renovate a house is another matter. Personally, I would do it too; we have done it ourselves. If your argument is followed, then our house was junk too. But it wasn’t. For me, junk properties are those that really have no value left, where there’s no return anymore, at best if you want just the land.

As long as the moisture issue can be resolved, you can probably turn it into a nice little house for the normal budget. It becomes a junk property if in truth dry rot has already spread and the place can really only be torn down.

As long as the moisture issue can be resolved, you can probably make a nice little house for the average budget out of it. It becomes a wrecked property if, in truth, dry rot has already spread and the place can really only be torn down.

and even that can be worthwhile if the price for the land is right.