Renovating the house - What do you advise me?

Right, I should have written it separately:

The seller wants: ................................200,000,-€
My cost estimate for the renovation...60,000,-€
My cost estimate for conversions........20,000,-€
Costs for the service phase according to HOAI.....4,000,-€
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Valuation report..................................... 140,000,-€

Negotiated purchase price........................160,000,-€

Financing...................................... ..244,000,-€
of which 30% KFW 124...............................55,000,-€
of which KfW 152 energy-efficient renovation.....50,000,-€
KfW grant on the service phase 431....2,000,-€
of which house bank..................................137,000 ,-€

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Thus, the expensive house bank share is only 56% now

Savings 184,230,- € - 153,295,-€ = 30,935,-€ only in interest

Total savings a mere 73,000,-€ reminder the capital investment is 2,000,-€

hi, to stay on topic: that means if I have a value appraisal done, I save 73,000.- EUR compared to a pure cost estimate by a professional (it doesn't have to be an architect from my side) in your example!!!!! carrying out a cost estimate or a value appraisal has nothing to do with financing. the value appraisal can at most show me that I might be paying too much for the house. but what if my appraiser determines a value (to stick to your example) of exactly 200,000.- EUR. besides, I dare to doubt that a seller would reduce his purchase price by 40,000.- EUR just because the buyer presents him with an appraisal with a market value of 140,000.- EUR. I would only commission a value appraisal if I really have doubts about the amount of the purchase price many greetings

Hello,

…I also dare to doubt that a seller would reduce 40,000 EUR from his purchase price just because the buyer presents him with an appraisal showing a market value of 140,000 EUR.

I would be cautious with such statements in your position, as it always depends on the circumstances and skillfulness in negotiation. Suppose the seller has been trying to sell his property for a long time (most sellers usually have a very good understanding of the condition of their property), perhaps is worn out from the fruitlessness of his previous efforts or urgently needs the money from the sale?

The rest will surely be gladly answered by parcus.

Kind regards

@KKR

The cost estimate is part of the valuation report.
See §§ 192 - 199 Baugesetzbuch and WertV, ImmoWertV 2010, WertR 2006

See also Sachwertverfahren, i.e. determination of the replacement value - normal construction costs and index principle - depreciation due to construction defects and damage - consideration of other value-influencing circumstances

The days are over when real estate sells like hotcakes.
Today a seller can be glad to sell a property within 1-2 years.
15-25% is a normal negotiation margin today; therefore, I also assumed the average value. In addition, the market value today is sometimes already discounted by 50%.

Also very important are registered rights of third parties, building encumbrances,...

Incidentally, many appraisers are also older architects.
Why should I have anything against that, I studied it myself.