Purchase of an existing single-family house prefabricated house year built 2000

If you have decided on it, it suits you, and you can afford it: go for it.

Prices go up and down. Once you own the house, it doesn’t matter to you how much more or less the house is worth. You pay your monthly installment and that’s it.

I think you have to feel comfortable in a place. And if it suits you so much better than living 15 km further away and having less family or friends around you, you also make compromises when it comes to the house.

I wouldn’t count on operating costs of 450 €. You will be well above that. 80 euros for electricity is unrealistic. Costs for heating oil are currently about 1.50 Euro. How big is the oil tank?

You will have to calculate a minimum of 150-200 Euros for electricity. I also think at least 200 Euros monthly for heating oil. Plus firewood. Yes, that also costs money. Property tax, insurance, water, sewage, garbage, possibly road contributions, that all adds up quickly.

We’re quickly talking about 700-800 euros in monthly maintenance costs. Not this year, but probably next year. Groceries will also be difficult with 100 Euros a week if you don’t want to eat just oatmeal.

You can keep the heating in. Oil is currently the cheapest heating method.

What does the tank size have to do with the consumption? How do you calculate 700-800 € in monthly operating costs?

The cheapest heating method in terms of maintenance is probably a heat pump + photovoltaics + battery storage.

If you assume that he will continue to heat the house with heating oil for the next 20 years, you have to calculate as follows.

Oil heating out, WP + solar + storage costs him about 50,000 euros in investment.
At €1.50 per liter of heating oil, that is about 33,000 liters of heating oil. With a consumption of 1500 liters per year, calculated by me, he can heat for more than 22 years.
And the heat pump also needs 1000 euros of electricity per year. Calculated at 30 cents.

So investment costs + electricity for a heat pump roughly amount to 70,000 euros in 20 years.

With the oil heating, on the other hand, there are only 45,000 euros in heating oil costs and maybe 5000 euros for maintenance, etc.

Oil is definitely somewhat cheaper.

But these are speculative calculations. Electricity and oil can become significantly more expensive and are unpredictable.

The tank size has to do with how much you can fill and thus store. If I can fill 5000 liters, that is different than if I can only fill 1000 liters.

Due to regulations and the water protection area, I only have a 1000-liter tank. That usually lasts me 1 year, but it is more expensive to fill. And if the heating oil is cheap, I cannot fill up a reserve. That is rather unfavorable but now only feasible for me with extensive structural effort.

the next 20 years

Then the question is whether the oil heating will even last that long. And if you have to replace it soon anyway, the calculation looks different again. (Also, I don’t know right now to what extent the 50k acquisition costs for WP+Solar+Storage are realistic. Perhaps you can get cheaper without storage and it possibly shifts towards WP? At least that’s what I’ve read more often, but I’m not that deeply involved).

With oil heating, it looks as follows. You can replace the burner, the boiler, the control unit, or the exhaust pipe individually, so the system can continue to run for many years. No one currently knows how the prices of the different energy sources will develop.

Therefore, for now, keep your feet still.

So, I'm getting back to you again, the last few days were a bit stressful! The application at the bank went through without problems last Thursday.. the interest rate was 3.32, the installment was 1700€! Today I received a notification that the interest rates have dropped again... I then talked to my bank advisor who came to the same conclusion as I did. He then called the bank, it took a little while, and they probably weren't very eager, but I am getting new contracts sent with an interest rate of 3.17 over 20 years. That saves me nearly 60€ per month, which I of course gladly accept!

I would strongly advise against buying.

Was the house thoroughly inspected? A nice facade can hide a lot. Why was the bathroom completely renovated after 18 years? Was something leaking? In a prefabricated house, that is deadly. Not to mention the possibility of mold or worse in the ceilings and walls. That is what I would investigate first.

The bathroom was renovated because the previous owners had a disabled child, and the bathroom was accordingly built to be disability-friendly!

With such high equity, I would simply wait. Cash is king and we may be on the brink of a deflationary shock similar to the Great Depression of 1929. Probably even much worse.

You can already notice the lack of liquidity everywhere. Wait a few more months and you will be able to pick houses with a 30 percent discount. You are still very young, without experience. There is no reason for panic buying.

That is pure speculation... whether real estate will get cheaper, no one can say for sure, shortage of living space and building material prices tend to argue against it! Conversely, I could also bet that we are heading into hyperinflation! At some point, time runs out, and those who wait too long might eventually miss the entry! The fact is that you lose a lot of money in the bank due to inflation right now!