steveinbsas
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- Jul 27, 2006
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Well, the buyer will actually be the one who determines the answer to that question.
That;s because Iiam offering to sell either my house or the outbuilding "as is" to someone who wants the same thing I did when I bought the property in 2010. I am not listing with any real estate agency and I am not advertising it for sale in the local market. I'm only going to post this on a couple of websites.
Anyone not interesting in knowing the "details"of the sale can stop reading this post at this point.
I have no desire to leave the property. I'll either stay in the house or move to the outbuilding after I convert it to a livable space. I really don't need to live in a four bedroom house and I would be happy to live in the "guest house" as it doesn't face the back of the main house and has an open view of land in the " front and there is a "field" of almost 6000 mtrs2 beside it (another lot for which I have separate papers and no desire to sell or develop).
When I bought the property in 2010 I was "planning" on subdividing the lot and offer the lot beside the house for sale (for someone to build on). I no longer want to do that.
Something happened this past July that caused me (after a lot of thought) to change my plans. My brother (who was also my beneficiary for the property) was killed in an accident on a golf course. Hi son (my nephew and now my beneficiary) has a family with very young children cannot come here to live or even deal with my estate,
So here's the deal:I recently made a comment in a post that a "realistic" selling price for my house would be $180,000 USD $185K is the figure I came up with after making more exact calculations.
In another post I added that the price would be "discounted" for the cost of finishing (at least the exterior) of the quincho at the back of the house and making some repairs to the eaves of the house, etc. $10,000 USD will be more than enough for that. What the buyer does ti the interior will be their choice.
After doing the math the price the house is $133,000 "as is". The price for the outbuilding is $42,000 "as is" (but both include lots of extras).
Here's the math showing how I arrived at the two prices:
House: 150 mtr2 @ $650 per m2 finished construction = $97,500
Quincho: 75 mtr2 @ $325 per mtr2 unfinished construction = $24,375
I did not add any $ for the covered galerias: 50 mtrs2 around the house.
Land: 30 mtrs (front) X 36 mtrs = 1080 @ $20 USD per mtr2 = $21,600
Total: $143,475 USD
The outbuilding:
Present construction : 97 mtrs2 @ $250 per mtr2 = $24,200
Land: 1116 mtrs 2 @ $16 USD per mtr2 = $17,500
Total: $41,750
The land in the back is a bit larger because I will include a (deeded) 4 mtr x 36 mtr "driveway" from the street that must be included for private access. it is about 40 meters from the closest side of the house in the front (there would not be a shared driveway.
Both the house and the outbuilding include many extras. During the past four years I have been buying and refinishing antique (solid) wood doors and windows (including old kitchen cabinet doors) for the outbuilding and I have been buying antique light fixtures (interior and exterior) on Mercado Libre for both properties. They will be included with the sale at no additional cost.
There will be no real estate commission on the sale of either the house or the outbuilding. Normal escribanos fees (usually 2%) and taxes on the sale would be paid by the buyer. It is customary to have the sale of the property with an escritura first and then make a formal subdivision. I will pay the cost of that (it will be several thousand dollars.
PS: the existing outbuilding already has a full tiled (white) bathroom and could be converted to a one or two bedroom dwelling without adding additional construction, depending on whether or nor the buyer wants to convert the existing space used as a colchera into a master bedroom. There's plenty of space to build a carport in front.
A basic conversion of the outbuilding can be done for less than $20,000 but if I sell the house I am planing on spending about $30,000
There is also enough space behind the outbuilding to add another full bathroom and two bedrooms (totaling 50 - 60 metrs2). As the present construction has an L configuration, two of the walls needed to expand the building already exist. It would also be possible to add four bedrooms and two baths If a second story is added, but that's something I know I will never do.
I think that's more than enough for now.i will be happy to answer any question posted in thread.
That;s because Iiam offering to sell either my house or the outbuilding "as is" to someone who wants the same thing I did when I bought the property in 2010. I am not listing with any real estate agency and I am not advertising it for sale in the local market. I'm only going to post this on a couple of websites.
Anyone not interesting in knowing the "details"of the sale can stop reading this post at this point.
I have no desire to leave the property. I'll either stay in the house or move to the outbuilding after I convert it to a livable space. I really don't need to live in a four bedroom house and I would be happy to live in the "guest house" as it doesn't face the back of the main house and has an open view of land in the " front and there is a "field" of almost 6000 mtrs2 beside it (another lot for which I have separate papers and no desire to sell or develop).
When I bought the property in 2010 I was "planning" on subdividing the lot and offer the lot beside the house for sale (for someone to build on). I no longer want to do that.
Something happened this past July that caused me (after a lot of thought) to change my plans. My brother (who was also my beneficiary for the property) was killed in an accident on a golf course. Hi son (my nephew and now my beneficiary) has a family with very young children cannot come here to live or even deal with my estate,
So here's the deal:I recently made a comment in a post that a "realistic" selling price for my house would be $180,000 USD $185K is the figure I came up with after making more exact calculations.
In another post I added that the price would be "discounted" for the cost of finishing (at least the exterior) of the quincho at the back of the house and making some repairs to the eaves of the house, etc. $10,000 USD will be more than enough for that. What the buyer does ti the interior will be their choice.
After doing the math the price the house is $133,000 "as is". The price for the outbuilding is $42,000 "as is" (but both include lots of extras).
Here's the math showing how I arrived at the two prices:
House: 150 mtr2 @ $650 per m2 finished construction = $97,500
Quincho: 75 mtr2 @ $325 per mtr2 unfinished construction = $24,375
I did not add any $ for the covered galerias: 50 mtrs2 around the house.
Land: 30 mtrs (front) X 36 mtrs = 1080 @ $20 USD per mtr2 = $21,600
Total: $143,475 USD
The outbuilding:
Present construction : 97 mtrs2 @ $250 per mtr2 = $24,200
Land: 1116 mtrs 2 @ $16 USD per mtr2 = $17,500
Total: $41,750
The land in the back is a bit larger because I will include a (deeded) 4 mtr x 36 mtr "driveway" from the street that must be included for private access. it is about 40 meters from the closest side of the house in the front (there would not be a shared driveway.
Both the house and the outbuilding include many extras. During the past four years I have been buying and refinishing antique (solid) wood doors and windows (including old kitchen cabinet doors) for the outbuilding and I have been buying antique light fixtures (interior and exterior) on Mercado Libre for both properties. They will be included with the sale at no additional cost.
There will be no real estate commission on the sale of either the house or the outbuilding. Normal escribanos fees (usually 2%) and taxes on the sale would be paid by the buyer. It is customary to have the sale of the property with an escritura first and then make a formal subdivision. I will pay the cost of that (it will be several thousand dollars.
PS: the existing outbuilding already has a full tiled (white) bathroom and could be converted to a one or two bedroom dwelling without adding additional construction, depending on whether or nor the buyer wants to convert the existing space used as a colchera into a master bedroom. There's plenty of space to build a carport in front.
A basic conversion of the outbuilding can be done for less than $20,000 but if I sell the house I am planing on spending about $30,000
There is also enough space behind the outbuilding to add another full bathroom and two bedrooms (totaling 50 - 60 metrs2). As the present construction has an L configuration, two of the walls needed to expand the building already exist. It would also be possible to add four bedrooms and two baths If a second story is added, but that's something I know I will never do.
I think that's more than enough for now.i will be happy to answer any question posted in thread.
:angry: 
