Alibert87
2022-06-27 14:55:00
- #1
Hello everyone, we have the opportunity to buy a house in almost our desired location (2 plus).
About the property: around 1950, approx. 150 sqm, plot approx. 500 sqm, solid construction, currently a single-family house, but separated by a hallway as it was built as a two-family house, the equipment of the house is based on the year of construction: wiring, electricity, roof...
Of course, we are deterred by the uncertainty of renovation costs. And the long double burden (rent plus loan), since the renovation would certainly take about 6 months (or more).
The question is, how big is the risk? Should one currently avoid such large projects and does anyone have a ballpark figure of what a renovation could cost here.
Thanks in advance! :)
About the property: around 1950, approx. 150 sqm, plot approx. 500 sqm, solid construction, currently a single-family house, but separated by a hallway as it was built as a two-family house, the equipment of the house is based on the year of construction: wiring, electricity, roof...
Of course, we are deterred by the uncertainty of renovation costs. And the long double burden (rent plus loan), since the renovation would certainly take about 6 months (or more).
The question is, how big is the risk? Should one currently avoid such large projects and does anyone have a ballpark figure of what a renovation could cost here.
Thanks in advance! :)