Single-family house from 1987. Evaluation of the price and the "necessary" work

One must say, however, that the gas consumption is standard for a house of this size. And before the war, you would have been paying around €150 per month. More modern houses that do not consume at this scale will also cost accordingly, since they will be almost new buildings. Meaning, almost every average house currently costs €500 for gas.

Maybe as a transition, consider heating with wood stoves, I am installing one myself right now. Be a bit creative and don’t be scared off by the gas prices, because you will also have to pay them in rent.

According to our chimney and stove builder, who built the chimney for us, there are hardly any stoves available to buy currently. Fireplace inserts are still available, but since everyone is switching to stoves, it is hard to get one :cool:

With own labor or without?
- Basement ceiling insulation T€ 1-2 with own labor (even two left hands are enough for that)
- Windows + front door T€ 25
- Roof insulation -,- depends on how it is done. If the tiles have to be removed, it will of course be more expensive than if only the drywall panels have to be taken down. So between T€ 20 and 50 (?). If the tiles have to come down, you could of course also put new ones on directly
- WP - with own labor T€ 7, from a professional company T€ 20

All just very roughly estimated.

With own labor
25T for windows + door?

I roughly configured the dimensions of the windows online. For example at meinfenster24.de or sparfenster.de. I come to about €6000 for all the windows with doors (no front door). We could install them with acquaintances. Otherwise, there are some contacts to companies in Poland. So I hope to end up at most at half your price.
Your 25 then are all-in from the professional company, right?

The rest roughly matches my assessment as well

One has to say, however, that the gas consumption is standard for a house of this size. And before the war you would also have been paying €150 per month. More modern houses that do not consume in this size will also cost accordingly, as these will almost be new builds. Meaning, almost every average house currently costs €500 for gas.

Maybe consider heating with wood stoves as a transition, I am installing one there myself right now. Be a little creative and don't be scared off by the gas prices; you will also have to pay them in rent.

In this house, we would already have a fireplace.
On the one hand, great. On the other hand, I wonder how consumption of 25,000 comes about :) But I will find out.

I also just received an answer.

Quote:

Yes, the company Fischer Fertighaus rings a bell with , see also:
and

(the whereabouts of the here missing 11ant are thus quite fathomable).

Thank you very much. But either I am already too much in weekend mode or don’t get the hint :) Can you help me out?
Is it about him having "left" the forum and that I should look for him elsewhere? Because regarding Fischerhaus, I find nothing there :)

I just quickly looked up our statement from 2021. Multi-family house with 4 units.
Our condominium approx. 125 sqm over 2 floors...
I still have to study it. At first glance, I don’t quite understand it yet :/

Or just like this, quite simply asked:

(For "normal, no war/crisis times") and partly modernized (new windows, insulated roof, insulated basement ceiling)

If I currently:
House money including reserves €350
Insurance, internet, Sky, etc. approx. €135
Electricity €80
So in total: €565
pay

and for the detached house
House money €400
Reserves €125
Insurance, internet, Sky, etc. approx. €150
Electricity €100
So in total
calculate €775

Am I completely off or is that somewhat realistic?

With own contribution
25K for windows + door?

Through a company, not self-installed. Remember the front door, it’s not exactly cheap, as well as your large sliding element. Half the price for self-installation is okay. However, installation is not rocket science.

I wonder how they come up with 25,000 consumption :) But I'll find out

Probably due to poor (or as others said, "typical for the year of construction") thermal insulation. I even had concerns that consumption would be even higher with full occupancy, because if the "son" of the owners accompanies the viewings, then he is certainly not a minor and probably does not live with mom and dad in a non-university town. Please make sure to find out how many people have lived there over the past few years.

I just quickly pulled out our 2021 statement as well. Multi-family house with 4 units. Our condominium approx. 125 sqm over 2 floors...
But I still need to study it. At first glance, I don't quite get it yet :/

What don’t you understand? And above all: what do you want to learn from a multi-family house statement for your single-family house? In my opinion, it contributes nothing.

or just plainly asked: (For "normal, no war/crisis times") and partly modernized (new windows, insulated roof, insulated basement ceiling)

Let's not assume that natural gas will ever again become a popular and affordable energy source. Whoever can get away from it, should do so. And you can with this property.

and for the single-family house
house fees 400€,

Well... the term house fees fits poorly with a single-family house. Heating costs 500 €, plus water, sewage, property tax, garbage, and all that. So we’d roughly be at 700..800 €.

reserves 125€

That’s not enough if you want to maintain the value. Very simplified (but common in valuation procedures) you can depreciate a single-family house over 100 years. So assume 1% of the investment sum per year plus inflation. With a building value after your renovation of roughly 400 k€, reserves of about 350 €/month to maintain value would be appropriate. At first, though, you’ll probably need less since you will bring quite a bit up to standard before moving in. Alternatively, of course, you could decide to only carry out the absolutely necessary maintenance and "use up" the house accordingly. Then your 125 € might suffice.

electricity 100€

That is already tight at current electricity prices for an apartment with a family of 3. Verivox currently shows 165 €/month for a 3-person household in Remscheid without bonuses.

But please: don’t put that much work into this house anymore. If someone really buys it from you for 540 k€ right under your nose, then enjoy the Schadenfreude.
...and if you don’t believe me: go to an independent financing advisor and have them offer you financing – and provide as little equity as possible (e.g., only 50 k€). Then you would see whether they agree – and what they think of the place. That is at the same time a good sample of what your competitors are being told. Good financing advisors also disclose their valuation (e.g. according to the Sprengnetter method).

Last week, a single-family house in our absolute dream location went online.

Now I'll pour even more water in your wine (on the way to a sober relationship with this offer): It may be that, as a nature lover, you appreciate the Hackenberg (I once passed through there while hiking – scenically breathtaking), but please also think of your daughter. If I see it correctly, you need a car for every errand. Not even a supermarket is within walking distance. The bus to your own city center (RS) takes over 30 minutes, and to the center of the larger neighboring city Wuppertal, it takes almost an hour, with a transfer. Transport-wise, without the "taxi mom," it's rather suboptimal.