Old building or new building?

I would never build new for 700 k!! I do not want to take on that debt

But these are currently the costs for a newer semi-detached house, with about 40 more square meters of living space than yours, in the Greater Nuremberg area. If you buy a resale property for 450 to 500 thousand, you can usually put in another six-figure sum sooner or later. Including additional costs, you end up in that range again. And the garden is not larger, rather the opposite.

But these are currently the costs for a newer semi-detached house, with about 40 more square meters of living space than yours, in the greater Nuremberg area. If you buy an existing property for 450k, you can usually invest another six-figure sum sooner or later. Including ancillary costs, you then end up in the same range again. And the garden is not bigger either, rather the opposite.

Finish renovating the place and then see what to do next.

Even if it only cost 100k... we would now (provided we could get craftsmen immediately) have to live on a construction site for at least 1 year...
+
I don’t think anyone would add the 100k renovation costs onto the value of the place afterwards...
Who knows if we will even get back our already 30k + possibly 100k renovation costs...
...

But these are currently the costs for a newer semi-detached house, with about 40 more square meters of living space than yours, in the greater Nuremberg area. If you buy an existing property for 450 to 500 thousand euros, you will usually have to invest a six-figure sum sooner or later. Including incidental costs, you will then also end up in that range again. And the garden is not larger either, rather the opposite.

Yes, but half of our garden area is fully built up with dilapidated huts. At most, we might have 90 sqm of garden. We would also have to pay for these demolition works.

Yes, but half of our garden area is completely built up with rotten sheds. At best, we might have about 90sqm of garden left. We would also have to pay for these demolition works.

You can demolish garden sheds yourself, right? Then you just rent a container once for a few hundred euros and that’s that....

I don’t think anyone will add the 100K renovation costs to the value of the house... Who knows if we’ll even get back our 30K already invested plus possibly 100K renovation costs...

You inherited the house, so you don’t just get back the 30K you put in, but also (according to your statement) about 300K on top! Sounds pretty ungrateful, the way you write here. (Even though you claimed the opposite at some point). And not like you really shy away from work (you wrote that somewhere too). I guess you don’t want to hear that everyone is telling you that a new build isn’t an option for you right now. You don’t respond to questions and have firmly planted in your mind: I HAVE TO BUILD NEW! You don’t like your current house, don’t want to spend (more) money and work on it because you don’t like it anyway... you’ve developed a really negative mindset (to put it harshly in trendy new German, because I can’t think of a better term). Believe me, I understand the frustration of inadequate housing; we’re looking ourselves... here the run-down shacks that require another 100K also only start at 600K. That’s why owning property is not an option for us right now and it’s exhausting and disappointing, frustrating and makes you angry, but that doesn’t help. At least you’re investing your money in your property, try to see it that way. A renovation is definitely not in vain!

You can tear down garden sheds yourself, right? Then you just rent a container for a few hundred euros and that’s it....

You inherited the house, so you don’t just get the 30K you invested, but also (according to your statement) about 300K on top! Sounds pretty ungrateful the way you write here. (Even though you once claimed the opposite). And not like you really shy away from work (you mentioned that somewhere too).

I think you don’t want to hear that everyone is telling you that a new build is currently not an option for you. You don’t respond to questions and have it fixed in your head: I HAVE TO BUILD NEW! You don’t like your current house, don’t feel like putting (more) money and work into it because you don’t like it anyway... you’ve built up a really negative mindset (to put it in ugly modern slang, because I can’t think of a better term).

Believe me, I understand the frustration of inadequate housing, we are looking ourselves... here the dilapidated shacks, where you have to put another 100K, only start at 600K. That’s why ownership is currently not an option for us and it’s exhausting and disappointing, frustrating and makes you angry, but that doesn’t help.

At least you invest your money in your own property, try to see it that way. A renovation is definitely not in vain!

No, that’s really not the case... When I see others in my environment who don’t even paint the walls in their new build, I see the two of us quite differently...

And yes, we are a bit frustrated, but we definitely won’t act impulsively..

Even if it would only cost 100k... We would now (provided we could get craftsmen immediately) have to live on a construction site for at least 1 year...

A good carpentry company can raise your roof structure within 3 weeks, interior finishing and bathroom take another 3 months. Until then, you just stay in a holiday apartment, you can mentally book the 5000 euros for that under construction costs.

I don’t think anyone would add the 100k to the value of the place after renovation...

Of course. You yourself say that similar semi-detached houses like yours went unsanitary for 400k on less land. Currently you estimate 300k for yours.

Go to an architect or general contractor and say that you want to add a floor and name your budget for it. Take 5k for the holiday apartment as well as 10k for the garden demolition (that can also be done by Pawlow from the classifieds) and its redesign, deduct that beforehand.

Post the floor plans here, there are enough people here who can roughly calculate your budget for that.