Hey hey,
I’m new here and have a question for you.
We recently built a house in a nice new development in beautiful Bavaria. Unfortunately, the building plot is located on a busy main road through the town, which we admittedly underestimated beforehand.
The situation is that we have been struggling with the road noise for months (actually since the very beginning). It’s a constant up and down every day. The fact is, the traffic is sometimes so loud that it wakes us up in the morning or is even audible while watching TV. Especially trucks or motorcycles. It’s really starting to get on our nerves and is very draining mentally. Plus, we just weren’t used to this from our previous apartment. So we can’t really settle in properly. It’s wearing us down slowly but surely, and we simply don’t feel comfortable here. I’m not exaggerating when I say it’s a psychological burden over time.
The reason we chose this plot in the first place was simply due to the lack of alternatives. And we thought we wouldn’t hear the road noise. In hindsight, that was a mistake. You have to be very lucky to find something affordable in a perfect location here.
But now we are actually lucky… we were offered an affordable building plot in a completely quiet area of a new development with a great view and good infrastructure. The plot is closer to our jobs, has the same size, a reasonable price, and above all offers one thing: the prospect of absolute peace (apart from future neighbors, of course). The plot was offered to us by the local council, where we had applied years ago without success. Ironically, now that we have just built but don’t really feel at home here, we received an offer from the council.
So we are seriously considering going through the house-building adventure again and giving it another shot. This would mean financing the plot through the bank, selling our current house, and building on the new plot within the next 3 years. Apart from the renewed construction stress… we do feel somewhat uneasy, especially because of the financial risk. Although with the new house, we expect to come out significantly cheaper (we estimate €50,000–60,000 less), because the plot is easier to build on and the construction would also be less complex (for example, a gable roof instead of a hipped roof, slightly smaller exterior dimensions, etc.).
So we are facing a choice: try to accept the situation here or build new again and correct the mistake! What would you do in our place? As I said, the noise issue is wearing us down in the long run, and we don’t believe it can be permanently resolved. Has anyone had similar experiences? What pitfalls should we watch out for if we decide to go this route? How would you proceed?
I’m new here and have a question for you.
We recently built a house in a nice new development in beautiful Bavaria. Unfortunately, the building plot is located on a busy main road through the town, which we admittedly underestimated beforehand.
The situation is that we have been struggling with the road noise for months (actually since the very beginning). It’s a constant up and down every day. The fact is, the traffic is sometimes so loud that it wakes us up in the morning or is even audible while watching TV. Especially trucks or motorcycles. It’s really starting to get on our nerves and is very draining mentally. Plus, we just weren’t used to this from our previous apartment. So we can’t really settle in properly. It’s wearing us down slowly but surely, and we simply don’t feel comfortable here. I’m not exaggerating when I say it’s a psychological burden over time.
The reason we chose this plot in the first place was simply due to the lack of alternatives. And we thought we wouldn’t hear the road noise. In hindsight, that was a mistake. You have to be very lucky to find something affordable in a perfect location here.
But now we are actually lucky… we were offered an affordable building plot in a completely quiet area of a new development with a great view and good infrastructure. The plot is closer to our jobs, has the same size, a reasonable price, and above all offers one thing: the prospect of absolute peace (apart from future neighbors, of course). The plot was offered to us by the local council, where we had applied years ago without success. Ironically, now that we have just built but don’t really feel at home here, we received an offer from the council.
So we are seriously considering going through the house-building adventure again and giving it another shot. This would mean financing the plot through the bank, selling our current house, and building on the new plot within the next 3 years. Apart from the renewed construction stress… we do feel somewhat uneasy, especially because of the financial risk. Although with the new house, we expect to come out significantly cheaper (we estimate €50,000–60,000 less), because the plot is easier to build on and the construction would also be less complex (for example, a gable roof instead of a hipped roof, slightly smaller exterior dimensions, etc.).
So we are facing a choice: try to accept the situation here or build new again and correct the mistake! What would you do in our place? As I said, the noise issue is wearing us down in the long run, and we don’t believe it can be permanently resolved. Has anyone had similar experiences? What pitfalls should we watch out for if we decide to go this route? How would you proceed?
M
Marvinius5 Jun 2017 17:45I believe that you will not recover your additional expenses for the higher-quality interior finish. At least the kitchen should be depreciated by at least 50%.
Sascha_aus_H schrieb:
...
Prepayment penalties were indeed paid, but the bank reduced them by 50% since the new loan was taken out with the same bank.Of course! New loan, prepayment penalty on the redeemed old loan.
When changing the property, this is not just a term but has a specific meaning for banks, there is no new loan. You still have the old loan but change the property.
Regards, Yvonne
H
HilfeHilfe6 Jun 2017 07:22ypg schrieb:
Of course! A new loan, condominium owners’ association (VVE) on the paid-off old loan.
When changing the property, which is not just a term but has a specific meaning for banks, there is no new loan. You keep the old one but switch the property
Regards, YvonneExactly, that’s what I wrote: a property change is the more cost-effective option. However, the original poster would have to actually make the switch. During the construction phase, they would have a double financial burden (bridge financing until the house is sold).
A solid financing plan is needed, as well as an assessment of the current market value of the house.
A sale also carries a risk for the current bank if the expected sale proceeds do not materialize.
Evolith schrieb:
Just for fun, put your house online and see if anyone responds to your asking price. That way, you'll get an idea of what you might get. If people keep visiting the place, you can stay relaxed. If no one gets in touch, things get trickier. I’ve thought about that too... but then the neighbors in the residential area will probably start gossiping quickly... word gets around fast. Either way, I’m curious regardless of whether we sell or not. We discussed it again yesterday and I think we won’t sell. We basically decided against it because of the expected stress.
C
Caspar20206 Jun 2017 08:59Evolith schrieb:
Just for fun, try putting your house onlineThis way, houses can also quickly "go up in flames."
@raffa: I would generally suggest talking to your bank. You won’t get around them anyway if you want the process to be cost-effective. Some people also have a dedicated real estate agent connected to their bank. They can give a good estimate of how much the property might realistically sell for.
At least then you’ll know whether it could actually work.