Good morning everyone,
Since we have a relatively limited budget (30,000 in equity + 300,000 loan) but still want to realize our dream of owning a home, we are looking for the most affordable construction style possible.
We definitely want to build with solid construction; we have good contacts with a local construction company that would handle the planning, shell construction, and coordination of the different trades.
I would be interested in your opinions and suggestions on how to plan as cost-effectively as possible.
For example, we really like a modern flat-roof house with a cubic design. From a non-professional perspective, I would say this can probably be realized relatively inexpensively (compared to a hip-roof house with bay windows, balconies, etc.).
Thank you very much and best regards,
alex280
Since we have a relatively limited budget (30,000 in equity + 300,000 loan) but still want to realize our dream of owning a home, we are looking for the most affordable construction style possible.
We definitely want to build with solid construction; we have good contacts with a local construction company that would handle the planning, shell construction, and coordination of the different trades.
I would be interested in your opinions and suggestions on how to plan as cost-effectively as possible.
For example, we really like a modern flat-roof house with a cubic design. From a non-professional perspective, I would say this can probably be realized relatively inexpensively (compared to a hip-roof house with bay windows, balconies, etc.).
Thank you very much and best regards,
alex280
alex280 schrieb:
I will now discuss our project with the local construction company we worked with six years ago to build our multigenerational house. If we can’t find a feasible solution there, the option of prefabricated house manufacturers still remains, right?
What do you think?Since we will probably be building very close by, I can almost guarantee that the budget and requirements unfortunately won’t match.
B
Bauexperte15 Sep 2015 15:33alex280 schrieb:
If no feasible solution can be found here, going to prefabricated house providers is still an option, right?
What do you think about that? Prefabricated house providers simply mean that the construction method of the single-family home is different. So, if you want to achieve a quality comparable to a solid (brick-and-mortar) house, the prices of the prefabricated house providers are similar; in some cases, even higher depending on the provider. I assume you don’t really want the low-cost providers in this segment. Besides, once you factor in your desired features, they often end up being more expensive than most other conventional providers as well as prefabricated house providers.
Where does this strong desire to build a new home come from, when it should already be clear from the forum responses that, if at all, it can only be done with enormous risks? What speaks against a good used property?
Regards, Bauexperte
What do you mean by villain? Somehow, here you end up playing the role of the explainer.
A flat roof costs money, a double garage costs money, a single-family house costs money.
Luxury costs! And standard expectations cost as well. Why are there sometimes no double garages in front of the houses? Why is it “only” the Flair 113 model with that amount of square meters?
If you already feel that space is tight... a down payment of 30,000 euros is not much after all... and you read up on things a bit, you quickly realize your own limits. And that’s not a bad thing at all. Then you just save for a few more years, look for a used property, or lower your expectations a little.
However:
Every regular user of this forum knows what the original poster means here—namely a cheap build. The uninformed think that “these prefab houses” (whatever that means) are cheaper. If necessary, they’ll just go for such a “prefab/cheap house.”
Is that the alternative? I think that you can also be happy with a used property or a townhouse if your apartment is too small or the rent becomes more expensive than a mortgage payment.
A flat roof costs money, a double garage costs money, a single-family house costs money.
Luxury costs! And standard expectations cost as well. Why are there sometimes no double garages in front of the houses? Why is it “only” the Flair 113 model with that amount of square meters?
If you already feel that space is tight... a down payment of 30,000 euros is not much after all... and you read up on things a bit, you quickly realize your own limits. And that’s not a bad thing at all. Then you just save for a few more years, look for a used property, or lower your expectations a little.
However:
alex280 schrieb:
Should no feasible solution be found here, there is always the option of going to prefab house suppliers, right?
Bauexperte schrieb:
The low-cost suppliers, in this segment you probably don’t really want to deal with.
Every regular user of this forum knows what the original poster means here—namely a cheap build. The uninformed think that “these prefab houses” (whatever that means) are cheaper. If necessary, they’ll just go for such a “prefab/cheap house.”
Is that the alternative? I think that you can also be happy with a used property or a townhouse if your apartment is too small or the rent becomes more expensive than a mortgage payment.
B
Bauexperte15 Sep 2015 17:21Kisska86 schrieb:
@Bauexperte: Who says that used properties are cheaper??? Where did I write that?
The fact is that the original poster (OP) cannot afford a new build under the conditions they posted. Of course, they can afford an existing property; maybe not in the desired location and certainly not in the condition they want; probably not even in the size they want. It is quite clear that once they have finished renovating, the total cost will likely not be cheaper than a comparable new build. BUT – they will have moved out of their current living situation, which seems to be their stated goal. AND – they can fund the renovation (they don’t have to buy the worst property available) from their income and holiday/Christmas bonuses. It will take time, no doubt – but they will be in their own home.
If they decide to look for an existing building, I definitely prefer that to them taking on the unpredictable risks of a new build and possibly ending up featured in some private TV show.
Best regards, Bauexperte
Ok, then I misunderstood.
But I think it's just as reasonable to adjust your expectations and build something new within the budget you can afford.
@Alex: What you are planning is absolutely unrealistic! We did a LOT of work ourselves and still couldn’t come close to your desired amount!
But I think it's just as reasonable to adjust your expectations and build something new within the budget you can afford.
@Alex: What you are planning is absolutely unrealistic! We did a LOT of work ourselves and still couldn’t come close to your desired amount!
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