Taking over the parental home in about 2 years - Rough cost estimation for renovation

Hello everyone,

first about me: I’m Tom, 33 years old, an engineer with soon 2 little jumpers and a friendly 31-year-old wife. In just under 2 years, we are getting the family house as a gift and I will have to/pay my brother out then.

We would now like to slowly start planning/dreaming before it gets too stressful later. At least as far as what and how we want things.
For this, I would like to roughly outline our budget once (what is actually realistic). Depending on the house value, as of today I would have to take out a loan of about 50-75k to pay my brother out. The renovation measures are still missing here.

In advance: I am really only interested in a rough figure here. I am aware that something like this always ranges from...to. I can provide exact floor plans on Friday when we are at my parents’ next time.

Brief key data:

- Year of construction 1988 solid brick with basement
- approx. 124m² living space
- attic not developed (however, the attic is probably already insulated)
- bathrooms completely new in 2016
- gas burner with hot water tank approx. new in 2010.

Wish list:
- Renew hallway and kitchen tiles
- new kitchen
- replace all windows on the ground floor (3x “normal” + 2 glass doors to the terrace + 3 floor-to-ceiling windows) upper floor: 2 units + 3 skylights
- new staircase (closed) 2x 180° without landing
- new apartment door
- pass-through from kitchen to living room (load-bearing wall) if the statics allow it.
- new door frames (9 units)
- sliding door in basement/stairway transition to avoid cold drafts.

Wish list 2.0:
Due to rising energy prices, I then came up with the crazy idea:
- install milled underfloor heating on ground and upper floors
- forcibly lay new flooring (currently a nice solid wood floor from ’88 (was sanded once a few years ago, actually a pity)
- new (cork) floor on upper floor
- insulate basement ceiling

Wish list 3.0
In the living room, install a stove on the intended chimney shaft and connect it to the hot water circuit. Including breakthrough, connection, etc.

I will get exact floor plans on Friday, but maybe you can already give me a rough guideline.

Many thanks for your feedback
Best regards
Tom

Hello :)

I have a few questions:
What are you willing to do yourselves?
What do the energy prices have to do with [Wunschliste 2.0]? I don't quite understand the connection yet.
Do you plan to apply for funding for energy-efficient renovation?
What about the electrical system? Shouldn't it be redone?

Basically, it depends a lot on what you can do yourselves and how high your expectations are.

Regarding milling: we also considered it, but were advised against it because our screed build-up is probably not thick enough. It could then break. For you that would mean: screed out and new again, or ceiling heating.

Otherwise, a small example from BW, which I have on hand right now: Our stair renovation offer for 2 stairs was 11k. So we'll do it ourselves ;-)

Hello :)

I have a few questions:
What are you willing to do yourself? Frame work and any heating pipes as well as insulation work and door frames are realistic.
What do the energy prices have to do with Wish List 2.0? I don't quite understand the connection yet.
Underfloor heating requires a lower flow temperature, so also lower heating costs?!
Do you intend to take advantage of funding for energy-efficient renovation?
If possible, gladly.
What about the electrical work? Shouldn't it be new?
Honestly, I haven't dealt with that. It's still all original from the year built.

Basically, it strongly depends on what you can do yourselves and how high your demands are.

Thanks for the reply. Comments from me are in the quote.