Renovation costs mid-terrace house built in 1995 - and consultation

2021-09-27 00:50:44

That can never be completely ruled out – but it is a phenomenon that would affect the market in your area less than the national average. I wouldn’t advise you to go for the interim house if I thought it was only a matter of a few months until you would reach your (stage) goal elsewhere.

The perspective of your appraiser is not just his own – the banks of your competing bidders share this view. If a property is not worth the seller’s asking price as collateral, financing willingness crumbles and the number of your competitors diminishes. You will have to learn to bluff, or you will end up paying more. This means: if the value according to the appraisal is well-founded – and I see the “traffic light” here as an indication supporting this assumption – then you should confidently orient yourself on this value as well. Overpriced properties you may have to let go. I understand that you might think I can talk easily because it’s not *my* stake involved, and that as a consequence you will not offer the value but “the value plus x.” That is fine, just don’t offer the value plus two x or plus three x. I think I should start offering coaching or training in this area (“arm wrestling with realtors” *LOL*).

I just tried two online tools out of curiosity (once at CheckXX and the bank’s tool with the red emblem). CheckXX spits out 584k (market value) and the bank’s 485… so much for the accuracy of such tools… if I take the average, I end up at 530-540k. I wonder which one is correct? You should start coaching professionally :)

2021-09-27 07:01:50

Too bad. At the beginning, somehow the information that you want to buy the house is missing. As a newcomer, you can only guess that.

It would already help me if I knew whether 10 euros per sqm is enough for the chiseling out (that was the appraiser’s estimate).

I would have approached that a bit more cautiously. You won’t find a craftsman who will charge only 380€ for 38 sqm – they might offer you 500, unless you do it as a flat rate including installation. But an installer for the fine stuff doesn’t like to do the rough work..

I probably won’t manage to do it myself timewise.

Do you want to outsource everything? The craftsmen here always factored in that we do the “sh***” ourselves. Not only during house construction, but also for the purchased and renovated one.

The one from Check spits out 584k (market value) and the one from the bank 485....so much for the accuracy of such tools... if I take the average, I land at 530-540k. What is probably right there?

What is probably not right there? Find the error – are you sure you meant to write that?

2021-09-27 08:03:58

What would be the disadvantage if you don’t remove it? So what speaks for such an expenditure and what is better afterwards? And if you chip out the tiles, can you level the floor again without much effort?

The disadvantage is a lost centimeter of room height, possibly problems with the heights between the rooms, and a worse subfloor for the new flooring. Additionally, you can also lay cables in the floor if desired. Usually, tiles come off quite well, the resulting surface is already quite usable. To make it perfect, you apply some leveling compound. That is not complicated, but depending on the amount, not exactly cheap. I am simply a fan of doing it properly if it doesn’t cost disproportionately more.

2021-09-27 08:04:40

that’s probably not correct? Find the mistake – are you sure you wanted to write that

yes, buying was the plan, exactly, what I’m more wondering is which of the two values is more accurate, the appraiser gave me one value. But I just wanted some comparison values again. Although of course, such an online tool can only capture the rough key data, which is clear to me.

2021-09-27 08:06:39

I am simply a friend of doing it right if it doesn't cost disproportionately more.

Thank you, if possible I also tend to that, but in individual cases the craftsman who performs the work on site would have to assess it. I only once talked to one on the phone and he said, if possible they like to leave the tiles in.

2021-09-27 09:19:18

So and now actually to my question about the tiles I hope my post is now a bit clearer.

Addendum:
In the pictures, it can be seen that after the removal of the covering, a crack repair in the screed still needs to be carried out.
Because the screed, which I can assess quite well from a distance, is cracked multiple times.
Which measures (and with what costs) are to be expected can only be assessed once the screed surface has been exposed.

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Renovation costs mid-terrace house built in 1995 - and consultation

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