Purchase existing house, end terrace house built in 1978 - questions/decision aid

If we had HAD THE dream of the house from the beginning, then it might have been different.

Yes, poor or missing pre-planning will eventually come back to haunt you. For many, it becomes a stumbling block not to have already set aside one thing or another for "retirement provision." Starting family planning at 40 doesn't necessarily have disadvantages, but it can practically no longer be done.

Whoever doesn't just inherit and finishes their studies around 30, which is the standard case, doesn't have 100K lying around at our age.

The problem is also that someone who has never "learned" to save might later have problems with repayments, obligations, and consumption.

That means we can mostly take all the items purchased for this with us into the new house, and we don't have to worry about sitting in a room with only construction site lighting.

Outdoor lighting, older lamp models, and bathroom fixtures are much more expensive and obviously can't just be taken along.

Kitchen: We have included the installment for this in our future monthly planning, and we will handle it through 0% financing. So it’s ruled out here.

Are you sure you'll get this consumer loan when you already have a high mortgage in your name?

With KFW 124, without KFW 300, which further meant a rate of about 2.7K.

On what? So much is missing...

Regarding the build performance description, I haven't said anything yet – what is (typically) not included?

Ventilation system, algae-free plaster, sufficient sockets, two-way switches, CAT/LAN, SAT, tiles, floor coverings, larger bathtub, bathroom pedestals, walk-in shower, window sizes or variety, front door, staircase, risers – basically any equipment that doesn't necessarily turn a house into a livable house but into a quality house is meant, because it’s not included in the build performance description.

What would be the "desired and necessary special equipment" in your eyes?

It's always in the eye of the beholder. Electricity is a must; tile quality is optional. I've been doing this for over 20 years, and there’s no one who wants more.

Building permit/electricity/water/insurance are 3-4K.

No, construction electricity and water are 3-4 thousand…

What is meant by "rainwater"?

The house must be connected to rainwater/sewage. That includes a cistern, sewage approval, and so on. Small stuff then in the triple-digit range. But with 5-6 thousand, you’re already in the ballpark. We paid 6,000€ ten years ago.

Demolition and excavation are not "real" additional construction costs?

Excavation yes, demolition no.

Crystal ball, or does someone here have a different opinion?

My crystal ball tells me that you should first count on a potential building plot. And then with realistic figures. Much is made a topic here and can be read about.

should the answer really be here?

No, so sorry, I am a bit confused right now.. in the other thread so much was deleted and the topic is similar… I copied my folder… I am very sorry. I hope it doesn’t cause too much confusion and is rather a gain, because in both threads it’s about money that somehow already slips away during planning.

A Bien-Zenker - will get exact data in the next few days.

In 1993, if I remember correctly, Bien and Zenker were still competitors of each other (???)

We have been actively searching for 3 to 4 months now and passively for half a year before that. But the market with “good” stuff is actually very manageable. We basically look at everything in the Munich surrounding area (about 40 km in all directions).

That does not sound like a reasonable search filter to me.

In 1993, Bien and Zenker were, to my recollection, still competitors (???)

Yes, Bien-Zenker has only existed since 1997. Before that, it was either Bien or Zenker.

Ah ok, that is my mistake: it is a Zenker house. (Correctly indicated by the realtor, I only know them as Bindestrich)

In 1993, Bien-Zenker, as far as I remember, were still competitors of each other (???)

That doesn’t sound like a sensible search filter to me.

actually sounds bigger than it is. Due to the factor of connection with public transport, not many towns remain and the south with Starnberg etc. is practically unaffordable.