Procedure for purchasing a property in need of renovation

  • Erstellt am 2020-01-01 16:05:55

SumsumBiene

2021-02-17 09:09:06
  • #1
May I briefly use this thread for a question? We want to view a house. Built in 1900. It was gutted and completely renovated 30 years ago and has been continuously maintained. The roof was raised and subsequently converted into 60 sqm of living space. However, this was apparently not officially declared as living space. It is also not listed as living space in the exposé. Are there any other problems to be expected besides the fact that various banks will probably appraise the house at a lower value?
 

Jean-Marc

2021-02-17 13:57:39
  • #2


I would spontaneously think of the residential building insurance. The more square meters, the more expensive it gets. 60 sqm more already makes a significant difference on the bill. If it is not declared, the insurance is consequently cheaper. However, the question is how the insurance will react in the event of a claim.
I would take a look at the current policy or bill. Most of the time, it is included with the other documents.
 

Winniefred

2021-02-17 14:53:58
  • #3
Depending on the federal state, the area may only be used as living space if it has been approved as such. In other federal states, it is sufficient if fire protection, structural safety, etc. meet the requirements. Whether the premises currently meet the requirements for living space at all, you should read up on and double-check.
 

11ant

2021-02-17 16:07:24
  • #4
The difference between "not approved" and "not approvable" will be difficult to clarify as long as the realtor is waiting for the answer whether one is interested or not - unless there are few competitors. Yes, unofficial living rooms will also have to be insured - whether they will also be counted in the event of a claim is possibly another question. Personally, I would consider any illegal construction primarily as a fire load.
 

SumsumBiene

2021-02-17 16:50:32
  • #5
Thanks to you all in advance.

Where do I ask whether it is allowed as living space or whether it could still be done retrospectively (probably useful for insurance purposes)?
The realtor told me immediately on the phone that this is "the catch" with the house. He did create a living area calculation (...he mentioned another term... I just didn’t remember it...) but he cannot judge whether this will then be taken into account by the banks.
The interest in the house is very high and the listing has already been taken down.
The appointments he scheduled will definitely be kept.
 

SumsumBiene

2021-02-17 16:54:55
  • #6
I am copying the advertisement text here:

Property description: This stylish old building from around 1900 offers enough space for a family. The property was fundamentally renovated about 28 years ago and has been continuously updated and modernized. In 1996, the roof and roof truss were renewed and extended, so the house offers about 91 m² of living and usable space on the ground floor and another approx. 62 m² of floor space (measured at floor level) in the attic. From the entrance area, you can reach the master bedroom on the left, the living area on the right, and straight ahead the kitchen with pantry and utility room with access to the garden. The real wood fitted kitchen was installed in 2011 and leaves nothing to be desired. A beautiful garden room with underfloor heating adjoins the kitchen and offers a cozy fireplace place on cold winter days. Furthermore, there is a bathroom with shower and bathtub as well as a sauna to escape the stressful everyday life. Upstairs in the attic, there is a large gallery, two larger rooms, a small room, and a shower bathroom. Please refer to the attached floor plans for the exact room layout. The floors in the living room are made of stylish larch wood, the other rooms are mostly equipped with modern laminate. Heating and hot water preparation are provided via natural gas. The Viessmann condensing boiler was installed in 2015. The spacious plot of about 994 m² offers many romantic places and retreat opportunities. Garden-wise, you will find many beautiful details here. A small pond, fountain, a covered terrace, workshop house... are just some of the features. The garden house at the rear of the plot is fitted out for living, so the next garden party is guaranteed. A carport parking space is located at the entrance area.
 

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