Object evaluation – Rough outside-in evaluation possible?

  • Erstellt am 2024-07-09 10:57:34

nordanney

2025-01-09 15:46:48
  • #1

What is the land value? And for which area can you apply the full value or what is considered garden land?
You are asking questions that you can best answer yourself.
 

Proeter

2025-01-09 16:49:37
  • #2

I found it: 156119728
 

Proeter

2025-01-09 17:07:24
  • #3
Last time you were still searching in Dingolfing. That is quite far away now. Has something changed professionally or do you really not care that much where you live?

That can be an advantage, especially if you have children who are about the same age as the new development area.
That’s quite a lot. We know little about your situation (age, children, space-consuming hobbies etc.) to be able to assess the house. It is very large, even for a small family.
And the plot will probably cause more work than pleasure. Beyond a certain plot size, satisfaction with it decreases again. This point is significantly below 1400 m² for many people.
That agent, who wants nearly €60,000 but can’t even manage to create a meaningful listing with more than 6 unprofessional photos (probably not even taken by himself, but provided by the owner) and also without a floor plan, does not seem very high-quality. Accordingly, I would generally interpret his statement with caution.
If the house only consumes 50 kWh/m²a, then I would not necessarily question the windows and doors. The value is good for a house of this construction year with a heat pump.
However, it would be worth questioning who lived in the house and whether it was fully heated—or whether (as is often the case with empty nesters) only the ground floor was heated.
I once had a Bauspar contract in a house from the 80s, where the roof looked worn out to me, but he said everything was tip-top and concrete tiles easily last 80 years. On the internet, however, you will find a very wide range of lifespans. Take some photos of a few details—maybe someone here in the forum can say something about it then.
Also, regarding the insulation condition, the listing remains silent in its poor quality, especially about the roof insulation. If it is not yet insulated to full rafter height, you will have to do that (renovation obligation upon ownership change).
That may well be true, since this offer at this price is primarily aimed at interested parties who want to split the plot and then build (or have built) on the second part.
See! If you could really split and build (or sell), that makes up a large part of the price.
 

Proeter

2025-01-09 17:13:36
  • #4


Well. That would be the subject of a so-called

, which the author unfortunately withholds from us so far...
 

nordanney

2025-01-09 17:42:55
  • #5
The standard land value is probably around +/- 350€/sqm. So with the given dividability, the first half a million for the plot is gone and 290k remain for the house. I don’t find that excessively high for something that looks decent and is already operated with a heat pump. P.S. What about the issue of odor from pig farming? Does that affect you there?
 

chrilomy

2025-01-09 18:09:30
  • #6
Thank you for the answers, even if the tone here has felt somewhat rougher.


With all due respect, anyone looking at a sushi menu in Germany is confronted with similarly unusual terms.
I look forward to your feedback on the property.


That was possibly a misunderstanding: We are searching in Bavaria, ideally as close to Munich as possible (about +-1 hour by car is okay), but price is a significant issue. There was an interesting property for us in Dingolfing.


We will visit on Saturday and I will take photos.


The agent shared more detailed documents on request. They show that the roof and the attic ceiling are insulated with rock wool insulation boards.


I cannot fully answer the question about garden land, building land, and subdivision. The agent was vague and only said that the municipality is open to further building and subdivision, but there is no written documentation on this.
Even if subdivision is possible, in my opinion the location of the plot is unfortunate for a subdivision. I have attached a picture for that.
The red line schematically shows a possible subdivision – I find the access problematic. Somehow the owner would then have to get in.



Regarding my question about valuation: At the beginning of the thread I was informed that my minimalist approach using the standard land value and average house prices is too simple and therefore does not work.
So I mistakenly identified exclusively "bargains" with it.

    [*]Standard land value Kühbach: Range 359 - 539 €/m²
    [*]House price Kühbach average 3000-4000€/m² (as far as I understood refers to new builds)

If I take the lower range and calculate it straight, I come to almost 1.1 million. Unlikely.
So the real valuation plays with deductions through various influencing factors like age, equipment, etc., possibly also for the plot. Very likely there is a lot to deduct. At this point my question comes into play, because here I can only guess and several forum members with experience might be able to provide a realistic approximation.
My gut feeling that it is “too expensive” arose solely from comparing with other properties in the area.

Thanks again!
 

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