Renovation or new construction? House purchase with a huge plot!

I am a confessed friend of large properties, so my first impulse is: keep it and renovate the house if it has a basic character that I like. Of course, location and terrain play a role. And of course, finances too, because the solution "keep" is potentially more expensive – not only in the purchase but also in taxation and management.

If it is financially feasible, I would never voluntarily split such a property. We have 1200 m² and make good use of it. If it were possible, we would gladly have a few more. We definitely lack space for a few more fruit trees.

The plot has 1400 m2.

If it’s financially feasible, I would never voluntarily split such a plot.

When I hear huge, I was expecting > 4000 sqm. For many, a split would almost be a relief. But in my opinion, the original poster has a completely different understanding of huge plots. Must be a city kid. If you have to take out a loan from the bank, I would still split and sell the old house. You can approach the maximum allowed floor area ratio and keep the largest piece of the pie.

I would also make many things dependent on the location of the area to be separated. Rear properties with a long narrow access road, long development paths, …?

I would take 1400 sqm directly!

If it is financially possible and the floor plan of the existing house suits you, I would keep the [Grundstück]. It is not huge, but has a nice size for a single-family house. A lot of [Grundstück] means a lot of open space, neighbors far away, no one looking at the table.

The seller wants to get the sale done quickly. He wants to go to the notary by March at the latest. Our mortgage advisor recommended today that we arrange bridge financing with the house bank. It is available within 1 week. Then we would have enough time to plan and decide what to do with the property. What do you need to know about bridge financing? Do you usually get regular financing afterwards (for renovation or new construction)? And is it true that you can only finance with the banks and sell at the notary with a current energy certificate? Thanks again for the information.