Why is it so cheap? I’m I completely missing something?

13 comments

1. Because they’re rural, old and in dire need of renovation.

2. For many of these places it would cost way too much with all the renovations needed, especially in ones without running water or electricity. I actually know a couple who was lucky with a place like this that needed minimal renovation, but they found out it would cost over 1 million Kr to get electricity as the place was quite far away from anything else on the power grid. They decided to instead install solar panels with gas generators as emergency backup and it’s going great so far.

3. First one literally says that the house needs a lot of work. So that’s your answer. These houses are simply quite unattractive to most buyers.

4. Dude you think of winter/summer residencies? infor yourself about climate change… and change yourself. time is over to make the world to your playball. Aviation will not face netzero before 2070… So flying to “residency” will cost you a lot. have a nice day lemming

5. These are considered to be in places described as “bumfuck nowhere”

6. It would be easier to demolish a house like that, keep the foundation, build something new and bigger over it.

7. You have to keep in mind that any minor issue you would like to fix in your house not yourself will cost you tons of money in Norway. So, when you see that some remote house needs “some renovation”, you have to think twice.

8. These are buildings in need of major renovation, in places where few people want to live. That is why they are cheap.

9. The ceiling in that second house was gorgeous. And it’s timber so heating bill is probably going to be high, making it less desirable.

10. You will proably need at least 2mill nok ++ 200.000 Euro ++ to fix the house as a bare minimum if everything is needed.

    Bathrooms 300.000 nok
    Roof 200.000 nok
    Then comes changing windows, exterior wood, extra isolation in the walls. Norway is COLD during winter. Internaal floors and walls ++
    Electricity and plumbing might also get expensive and as people mention: Any challenges on sewer and water might be very expensive.

11. The one near Kr.sand states in the headline: “Renovation project”. I did not read the entire description, but there are a few things to keep in mind.

    The price stated on Finn is not the final price. Generally, brokers do a good job of assessing the value. But in some cases, it can be hard because there are few comparable items.

    You need to read the documents really carefully. Sometimes there are regulatory limitations, like wether the property has some kind of protection or limitation on its use. Other times, it is structural issues like mold, rot, leakage. The pictures only tell half the story.

    Third, to renovate buildings like this is expensive. Even if you do all the carpentry yourself, you are not allowed to work on the electrical system at all, and neither the plumbing (beyond some very basic repairs).

    Unless you have a free supply of firewood, living in these places in winter can be VERY costly, as they are rarely well insulated.

    That said, I think rural buildings can be a bargain, as the rural population is decreasing, and so is the value of rural houses.

12. Cheap places often have old problems. Most commonly: electricity + fuseboxes, plumbing, insulation, outside walls, fireplaces. These are MAJOR problems to fix.

    Then you have more decorative stuff to fix, alot of wood are often rotten or damaged, waterdamage is frequent…

    Both of these places could easily cost 100-200k in euro to fix up, deppending on the standard you aim for. And to get insurance, certian things like electricity and plumbing NEEDS to be done by licensed proffesionals

13. Heating old houses cost an arm and a leg, the temperature outside now is -15