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Old 03.10.2020, 12:34
AnnaSophiaA AnnaSophiaA is offline
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Re: Renovation cost estimation

We did similar calculations for a 98 sq meter house from the 70s. Changing heating to a pellet system not geothermal, including redoing all the floors to put in floor heating, all of which had asbestos. Also redoing several big windows. Just that came out to around 120k by our calculations (which we double checked with a friend in construction who thought it seemed reasonable). Both bathrooms needed to be redone and that you can generally estimate 10-20k per bathroom depending on size and your tastes. Oh and there was asbestos in the bathrooms too. And the kitchen, which would ultimately need to be redone as well.

We were ultimately glad our bid wasnít accepted. We took the 120k off the asking price (including our reasoning) and were told the realtors had already factored those renovations into the asking price. Some poor guy either didnít do his homework or really really liked the area and was willing to pay asking price because the house was definitely overpriced for the area considering the work that needed done.
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