ᐅ Location, location, location! Or is it not that important after all?
Created on: 24 Feb 2019 11:09
C
Camille1984
Hello,
Some time ago, I started a thread here asking whether it would be possible for a well-earning divorced woman with one child to realize the lifelong dream of owning a house. The responses were very kind, as long as I continued to approach this dream realistically.
Now the rather challenging search for land begins, and I quickly found myself facing the current reality again...
I currently live in a small town in the Eastern Alb district, about 65 km (40 miles) from Stuttgart. In this small town, the price per square meter for land in new development areas is around 250€ per sqm (about $270 per sq ft) and rising. I currently have a commute of about 15 km (9 miles) to my workplace. My workplace is in another nearby small town where land prices range from around 220€ per sqm (about $237 per sq ft) in the suburbs to much higher (city center), depending on the location. Unfortunately, I cannot afford these prices! No matter how much I calculate.
The more I look around, the more I realize that about every 20 to 30 km (12 to 19 miles) there are well-equipped small towns with good infrastructure and connections to Stuttgart or Ulm. Land prices in the villages beyond this are also extreme (usually from 200€ per sqm (about $215 per sq ft) upwards). In addition, there is the so-called “locals’ model” restricting purchases.
Now, a new development area is being designated in a nearby village with around 1200 inhabitants. I like the surroundings. Shopping options are accessible by car. There is a primary school and kindergarten on site (you should never say never) and there is good bus service to secondary schools for my son. For hobbies, driving is necessary, but I am used to this and willing to accept it. I myself come from a very rural area. The price is 150€ per sqm (about $161 per sq ft), also rising. For me, this is basically the upper limit...
I am considering applying for a building plot there. The downside is the significantly longer commute to my workplace of about 25 km (16 miles). Since I have civil servant status for life, I see little need to sell the house again, unless something happens to me and I have to sell. But then I would have other problems anyway. My son will probably not necessarily move into this house when he is an adult. If he inherits anything, great; if not, that’s just how it is.
How important would you rate the location of the land when financial resources are limited? My parents bought their house about 35 years ago by moving away from the metropolitan area into the countryside. Would you look for land further out to realize your dream? I am just uncertain...
Some time ago, I started a thread here asking whether it would be possible for a well-earning divorced woman with one child to realize the lifelong dream of owning a house. The responses were very kind, as long as I continued to approach this dream realistically.
Now the rather challenging search for land begins, and I quickly found myself facing the current reality again...
I currently live in a small town in the Eastern Alb district, about 65 km (40 miles) from Stuttgart. In this small town, the price per square meter for land in new development areas is around 250€ per sqm (about $270 per sq ft) and rising. I currently have a commute of about 15 km (9 miles) to my workplace. My workplace is in another nearby small town where land prices range from around 220€ per sqm (about $237 per sq ft) in the suburbs to much higher (city center), depending on the location. Unfortunately, I cannot afford these prices! No matter how much I calculate.
The more I look around, the more I realize that about every 20 to 30 km (12 to 19 miles) there are well-equipped small towns with good infrastructure and connections to Stuttgart or Ulm. Land prices in the villages beyond this are also extreme (usually from 200€ per sqm (about $215 per sq ft) upwards). In addition, there is the so-called “locals’ model” restricting purchases.
Now, a new development area is being designated in a nearby village with around 1200 inhabitants. I like the surroundings. Shopping options are accessible by car. There is a primary school and kindergarten on site (you should never say never) and there is good bus service to secondary schools for my son. For hobbies, driving is necessary, but I am used to this and willing to accept it. I myself come from a very rural area. The price is 150€ per sqm (about $161 per sq ft), also rising. For me, this is basically the upper limit...
I am considering applying for a building plot there. The downside is the significantly longer commute to my workplace of about 25 km (16 miles). Since I have civil servant status for life, I see little need to sell the house again, unless something happens to me and I have to sell. But then I would have other problems anyway. My son will probably not necessarily move into this house when he is an adult. If he inherits anything, great; if not, that’s just how it is.
How important would you rate the location of the land when financial resources are limited? My parents bought their house about 35 years ago by moving away from the metropolitan area into the countryside. Would you look for land further out to realize your dream? I am just uncertain...
ypg schrieb:
[...]
By the way, where do you pick up your 6-year-old at night?I guess she already imagines living there, and in about 10 years, it will be time! 🙂C
Camille198424 Feb 2019 23:44I have actually already considered a few future scenarios.
My 6-year-old still often sleeps with me or comes into my bed frequently; at night, I usually only push them away with my feet when they get in my face.
My 6-year-old still often sleeps with me or comes into my bed frequently; at night, I usually only push them away with my feet when they get in my face.
M4rvin schrieb:
I suppose she already imagines living there, and in just under 10 years, it will finally happen! 🙂That’s how it will be 🙂
Camille1984 schrieb:
At night, I usually only move it away from my face with my feet. That sounds familiar to me... although I hope my daughter will stop doing that in about five years.
Regarding the location: I would primarily consider the social environment. What is the age structure of the town? Are there enough other children so that you don’t always have to drive your son to playdates, and so on?
The commute to work needs to be manageable in the long term and not annoy you too much... but it’s not necessarily a bad thing to live a bit further away (are you a teacher? Then even more so).
Camille1984 schrieb:
Since my clients come from an area within 75 km (47 miles) in every direction, Do you teach at a vocational or special education school?
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