The price you noted will not buy you a decent flat in the vicinity of Stuttgart with good train connections. At least not for a family. The prices are around € 4.4K/m2. And that's the median. For newer buildings it's up to € 5.5K.
A 10 second look: the garage place for one car is an extra 20k. The heating is 27 years old, so are the bathroom installations and the kitchen. I, personally don't want to sit on a 27 year old loo. To get this on to a modern level - at least another 50k.
Edit: I just checked on the laws etc. 2-wire electric installations are no longer allowed and property owners are obligated to renew them. In this case that would have to be done in the complete house with all other owners. Congratulations, there go another 50k.
That of the 2 wire is just wrong. At this point I do not know if you want to win the discussion or what. I live in a 2 wire-wired house. As long as I do not change the installation, is all ok.
Wann die Änderung verpflichtend ist
Bei Neuanlagen: Die klassische Nullung darf seit 1973 nicht mehr für neue Installationen verwendet werden.
Bei Modernisierungen: Wenn im Rahmen von Renovierungen oder Erweiterungen gearbeitet wird, müssen betroffene Stromkreise auf ein separates Null- und Schutzleitersystem umgerüstet werden.
Bei unsicheren Anlagen: Ist der Bestandsschutz nicht mehr gegeben, weil Mängel oder Gefahren bestehen, die die Sicherheit für Leib und Leben oder Sachen gefährden, ist eine Umrüstung erforderlich.
You can live without a garage. Can't you? In Germany a car is pretty safe in the street. And I assume, you do not have a 50k+ car, if we are discussing "why can't I buy a house"...
Kitchen and Bath look perfectly usable for many years still... That is what I mean. People say "I will not have a house" but what they mean is: "I will not have a perfect house, with completely new bath and kitchen, garage, lots of room for everything, very well located" well, no, you will not. Sorry.
I agree about heating. But 50k is for the whole building, which will probably have reserves, so it will cost you maybe 5k to 10k spread in 6 months or so. And you get state help because you will surely go for heat-pump, means it even goes a little down. So the price goes to 310k...
The point about the bathrooms and tiles isn't about perfectionism, it's about mould. After 27 years of use I'd renovate wet usage rooms to reduce the health risk for my children. The same goes for the kitchen.
If the owner community decides on a heat pump, the wiring will have to be completely renewed. If the owner community decides on a modern oil heating system, the wiring will have to be renewed.
Parking your cars in the street while there is the option for a garage is somewhat antisocial, but let's not moralise. The garage is not optional, it's not sondereigentum or else it would have to be mentioned, so you'll have to pay.
What you are buying with this property is major financial uncertainty. There is a reason for this price.
