Rough estimate of renovation effort / costs

The semi-detached house built in 1978 was sold to someone else by lottery.

Have you actually bid on both properties now?

Did you actually bid on both properties?

Didn’t bid. But said that I would like to buy it. With the semi-detached house, it was just a question of whether to buy or not. But I also told him that I wouldn’t go higher on the price, more whether there was still room for negotiation. Then he said little, but that would be okay. Whether the lottery was just a polite refusal and whether someone else bid higher, I don’t know. But I wouldn’t have wanted to pay more anyway. It was already rather at the upper end financially for me, even though still manageable. But the location was not ideal and was not too far from a very busy federal road.

Do you want to outsource parquet flooring and painting or do it yourself? Parquet floating or glued? As already written in the other thread: Completely remove tiles before you put anything over them.

I was inside with the appraiser today. He gave the all-clear for the basement. He said it was neither damp nor moldy. He measured and could not detect any unusual moisture. He said it was dirt on the wall. However, he found water damage under the bathroom. But it is not serious. Probably because the grout in the shower is leaking or the drain is leaking. Not a big deal. Otherwise, the house is fine. Renovation or defect remediation totals 40k. Additionally, according to calculations, the price is 100k too high, but given the market situation, negotiating that down is unrealistic. However, he said 40-45k less would be realistic. Ketut, I am curious.

40k for what? Parquet flooring and a bathroom?

For painting and parquet, all silicone joints (entire house) and repairing the water damage (which is included in the painting). He calculates parquet including tiles/carpet at 20000.