Before we decided (and got the opportunity) to build a new house, we were once close to buying a house from the 60s with 190m² of living space.
The plan was: All windows new, 2 bathrooms new, kitchen new, (Ab-) water pipes new, roof new, floors new, radiators new, electrical system new, remove two or three walls, facade only painted.
At the end of the calculation, which already included some DIY work, the renovation costs amounted to a round 200,000. Our bank advisor also said that renovating an old building usually costs from 1,000 euros/m². Later it also turned out that the basement was slightly damp and that the chimney would have needed renovation as well. I am sure we would have found even more surprises, so that in the end 250,000 euros would have been on the bill without having a truly new house. Only because of the good location and the plot did we enter negotiations; however, the house was reportedly bought by someone else for the asking price. That was a year ago now. The family simply moved in there and are living in the house at the level it was found.