Hello!
I would like to discuss what to consider when buying and renovating a fixer-upper.
For example, what if the house has an old facade covered with panels containing asbestos. I believe there are legal requirements on how to handle that?
What else is important? Is there anyone who knows?
Let's take this house as an example:
http://www.kronofogden.se/download/18.4531e9b8136989b0f5e800031780/120628_075216.pdf
I would like to discuss what to consider when buying and renovating a fixer-upper.
For example, what if the house has an old facade covered with panels containing asbestos. I believe there are legal requirements on how to handle that?
What else is important? Is there anyone who knows?
Let's take this house as an example:
http://www.kronofogden.se/download/18.4531e9b8136989b0f5e800031780/120628_075216.pdf
Yes, a house like that requires thorough renovation, everything in electricity, plumbing, heating, roof, façade, windows, foundation, insulation, chimney, ventilation, probably surfaces in all rooms, new bathrooms/WC, new kitchen, etc.? Surely lots I've forgotten anyway! But if you love the location the house has and have time and money, then sure it's possible! All construction waste must be managed according to the municipality's regulations, and what is important with asbestos is that it should be handled by people with extensive knowledge in the area because you risk getting cancer from inhaling the dust. Read a lot about renovation before you embark on such a large project =)
Considering where that house is located, I would start by looking at it economically; if you buy the house and renovate it, you'd want to know that it has a value that reasonably matches what you've paid for it. There's a big risk that you won't get that with this house.
This applies to other properties as well; you don't want to be in a position where you need to sell and make a huge loss.
But it's really difficult to say what's "applicable," but ensuring it's economically justifiable is a good starting point.
I also agree with Prospective Homeowner that it's likely a total renovation of that house, and kronkalle probably isn't selling it because the owners have a lot of money to maintain it.
This applies to other properties as well; you don't want to be in a position where you need to sell and make a huge loss.
But it's really difficult to say what's "applicable," but ensuring it's economically justifiable is a good starting point.
I also agree with Prospective Homeowner that it's likely a total renovation of that house, and kronkalle probably isn't selling it because the owners have a lot of money to maintain it.
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Hello!
Okay, thanks
.
Yes, I am a civil engineer myself and have so far worked with solar energy and building physics.
I am aware that a complete renovation is required, but I want to do that myself (for the most part).
But the location would suit me well!
Okay, thanks
.Yes, I am a civil engineer myself and have so far worked with solar energy and building physics.
I am aware that a complete renovation is required, but I want to do that myself (for the most part).
But the location would suit me well!
it could turn out really nice, such a house, if you have the finances for it, so if you dare, just go for it =)
Yes, exactly.
But you don't have to renovate everything at once. You can renovate over a longer period, right?
For example, fix the shower and after a few months fix the bedroom, etc. ...
Then I would come up with an energy concept.
It's important to know what's applicable. For example, there could be requirements from the municipality, such as having to spruce things up, etc.
I don't know if there's a law in Sweden that you must meet a certain energy standard if you do a more extensive renovation?
If you buy from the Kronofogden, you usually don't get an energy declaration either.
But you don't have to renovate everything at once. You can renovate over a longer period, right?
For example, fix the shower and after a few months fix the bedroom, etc. ...
Then I would come up with an energy concept.
It's important to know what's applicable. For example, there could be requirements from the municipality, such as having to spruce things up, etc.
I don't know if there's a law in Sweden that you must meet a certain energy standard if you do a more extensive renovation?
If you buy from the Kronofogden, you usually don't get an energy declaration either.
the problem when the house is in this condition is that there are many things that need to be addressed quite promptly,
the mold makes you sick when you are in the house
the electricity can cause fires
plumbing and a poor roof can cause/are causing major water damage
etc.
energy standards during renovation probably differ from municipality to municipality so find out what applies in yours =)
it is also about the operating cost you will have in your house, as low as possible is preferable =)
the mold makes you sick when you are in the house
the electricity can cause fires
plumbing and a poor roof can cause/are causing major water damage
etc.
energy standards during renovation probably differ from municipality to municipality so find out what applies in yours =)
it is also about the operating cost you will have in your house, as low as possible is preferable =)
Hello!
Well, in my case, I don't have to stay in the house. When I'm in Sweden (work), I sleep, for example, at a hostel or in the car.
I would use the house as an overnight apartment and, for example, storage.... possibly a company address (when, for example, starting your own business), etc.
It is important to check, for example, if the water pipe on the property is not frozen so that you might need a digging tractor. I think that could be expensive.
Then it's good to check if the house is connected to the public sewage system. Some houses are connected afterwards, which can lead to higher costs.
Is there anything else that might be important to look at? Property registration... ? ... easements? ...
Well, in my case, I don't have to stay in the house. When I'm in Sweden (work), I sleep, for example, at a hostel or in the car.
I would use the house as an overnight apartment and, for example, storage.... possibly a company address (when, for example, starting your own business), etc.
It is important to check, for example, if the water pipe on the property is not frozen so that you might need a digging tractor. I think that could be expensive.
Then it's good to check if the house is connected to the public sewage system. Some houses are connected afterwards, which can lead to higher costs.
Is there anything else that might be important to look at? Property registration... ? ... easements? ...
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If a comprehensive renovation is necessary, it's generally cheaper and simpler to do everything at once. Additionally, you should be aware that buying through kronofogden provides no guarantees at all. It could be that everything functional in the house, such as appliances, disappears before possession, leaving several cubic meters of junk to deal with instead. A frozen water pipe in the ground is probably among the cheapest and simplest things to fix in the house you linked to.... And an energy performance certificate for such a house is worth no more than the paper it's written on.
As several people here have mentioned before, the house requires virtually everything to be renovated. Based on my experience, it's important to have a plan so everything is done in the most efficient order. It doesn't matter much how long it takes to do different things or whether you do it yourself or hire services, as long as the sequence is clear. Of course, one shouldn't replace the roof in the middle of winter, for example, but that's obvious.
It's also important to talk to the municipality before buying to find out if there are any orders, such as regarding sewage. I also recommend checking easements and any other potential encumbrances on the property. Keep in mind that you are responsible for obtaining all relevant information, and you cannot expect the current owner to be particularly honest, either with you or with kronofogden.
As several people here have mentioned before, the house requires virtually everything to be renovated. Based on my experience, it's important to have a plan so everything is done in the most efficient order. It doesn't matter much how long it takes to do different things or whether you do it yourself or hire services, as long as the sequence is clear. Of course, one shouldn't replace the roof in the middle of winter, for example, but that's obvious.
It's also important to talk to the municipality before buying to find out if there are any orders, such as regarding sewage. I also recommend checking easements and any other potential encumbrances on the property. Keep in mind that you are responsible for obtaining all relevant information, and you cannot expect the current owner to be particularly honest, either with you or with kronofogden.
What a dump.
It probably costs more to renovate the house than it would be worth once renovated. Without having checked any sale prices nearby, I think it's a better idea to buy another house in the area if you need a house.
This house might be interesting for someone who can buy it and then sell off old building materials on blocket, burn up the rest of the house, and then sell the plot for 180,000:-.
On the other hand - you might get lucky. The roof could be okay. The mold in the basement might be washable and then kept away with a dehumidifier. The heating system might be okay except for some bad radiators. An eternit facade is no problem as long as it stays in place, and eternit can be repainted if you don't like the look, but I would easily keep the eternit, maintenance-free = good.
It probably costs more to renovate the house than it would be worth once renovated. Without having checked any sale prices nearby, I think it's a better idea to buy another house in the area if you need a house.
This house might be interesting for someone who can buy it and then sell off old building materials on blocket, burn up the rest of the house, and then sell the plot for 180,000:-.
On the other hand - you might get lucky. The roof could be okay. The mold in the basement might be washable and then kept away with a dehumidifier. The heating system might be okay except for some bad radiators. An eternit facade is no problem as long as it stays in place, and eternit can be repainted if you don't like the look, but I would easily keep the eternit, maintenance-free = good.
@ Wilfa
Very interesting post. Much to discuss. I'll get back to you!
@pelpet
Well, it's not always enough to just wash away the mold. Usually, you need to find the cause of the mold and address it. For example, poor moisture insulation can be the cause of the mold. Moisture damage maybe ....
Very interesting post. Much to discuss. I'll get back to you!
@pelpet
Well, it's not always enough to just wash away the mold. Usually, you need to find the cause of the mold and address it. For example, poor moisture insulation can be the cause of the mold. Moisture damage maybe ....
If you're eager to renovate, it might be enough to buy an ordinary house. There's plenty to do anyway. Watch an episode of the angry carpenter and you'll see approximately what 20 pros can do in 3 days. Then you can calculate how many days it would take you to do the same. 60 full days is about 2 years of vacation.
It is very important, yes!Wilfa said:
Is it common with "besittningrättigheter"? It is like servitudes. Or can it be called a servitude? I have some knowledge of how it works in Austria, for example, a person can have the right to live in a house completely free of charge and cannot be evicted even if the house changes ownership. Banks, for example, often do not want to lend against such houses (unless the bank gets priority).
Then it is important to know what applies regarding eviction. The enforcement authority, for example, helps with the eviction. Does that apply even if, for example, a girl with young children lives there? Does the state then organize new housing for them? What applies?
Servitudes are important, yes. For example, that someone can use a road that is on the property.
Is there anywhere to read about what applies in Sweden?
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For example, I have reconsidered what applies if you want to mortgage a property. Foreign banks (even within the EU) generally do not want to mortgage properties in another country. I have discussed this with the banks several times. They always see a lot of problems and want answers to a lot of questions.
But what is important to consider with easements?
Generally, for example, you could - theoretically - agree with someone living there that they can stay and, for example, take care of the house and live in part of the house. For example, in an extreme case, you could let a mother with children stay in the house. But would the bank accept that if they need to mortgage? How are the banks? What requirements do they have if you need to mortgage?
What easements exist? Just easements to use a road or maintain other cables/sewers... that run on the property (maybe interesting). Or is there something that could be really interesting that I don't know about? What applies in Sweden? (A bank director once wanted answers to such questions.)
Is it complicated to mortgage if you have foreign income? Would it work to place some money and mortgage the rest with the help of a Swedish bank? Would they only accept a renovation project as security?
What's the situation? Anyone have tips or experiences?
Then someone mentioned an EU regulation (EC) No. 861/2007... how the bank - theoretically - could pledge if you have mortgaged a foreign property and cannot pay. But they still see a lot of problems. Generally, it is best to find a bank in Sweden.
But what requirements do they, for example, have regarding the house I showed? ...
But what is important to consider with easements?
Generally, for example, you could - theoretically - agree with someone living there that they can stay and, for example, take care of the house and live in part of the house. For example, in an extreme case, you could let a mother with children stay in the house. But would the bank accept that if they need to mortgage? How are the banks? What requirements do they have if you need to mortgage?
What easements exist? Just easements to use a road or maintain other cables/sewers... that run on the property (maybe interesting). Or is there something that could be really interesting that I don't know about? What applies in Sweden? (A bank director once wanted answers to such questions.)
Is it complicated to mortgage if you have foreign income? Would it work to place some money and mortgage the rest with the help of a Swedish bank? Would they only accept a renovation project as security?
What's the situation? Anyone have tips or experiences?
Then someone mentioned an EU regulation (EC) No. 861/2007... how the bank - theoretically - could pledge if you have mortgaged a foreign property and cannot pay. But they still see a lot of problems. Generally, it is best to find a bank in Sweden.
But what requirements do they, for example, have regarding the house I showed? ...
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