ᐅ Is the real estate market increasingly forcing families to build their own homes?
Created on: 6 Apr 2019 11:35
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Thierse
Actually, we would prefer to avoid building. Unfortunately, existing properties within a 20 km (12 miles) radius have become quite expensive, and affordable rental houses with small gardens are simply scarce.
Until now, we have been living in an old rental apartment without a garden. We would like to change that, but there is a lack of options. The listings on various platforms are overcrowded with families looking for affordable housing.
Who is familiar with this situation, and how do you deal with it?
Until now, we have been living in an old rental apartment without a garden. We would like to change that, but there is a lack of options. The listings on various platforms are overcrowded with families looking for affordable housing.
Who is familiar with this situation, and how do you deal with it?
"...SH and MVP are different. We have a lot of land, few people, hardworking informal workers, and the determination to build houses...."
Land prices and also tradespeople are cheaper in your regions. Here with us in southern Germany, land prices are often significantly higher, and construction costs are also elevated due to high demand.
Building a house is possible. But just the regulations introduced over the last 10 years have made construction 25 percent more expensive.
Land prices and also tradespeople are cheaper in your regions. Here with us in southern Germany, land prices are often significantly higher, and construction costs are also elevated due to high demand.
Building a house is possible. But just the regulations introduced over the last 10 years have made construction 25 percent more expensive.
Thierse schrieb:
Building a house is possible. But just the regulations from the last 10 years have made construction 25 percent more expensive.No, the regulations are not the problem. It’s the expectations of people.
For example: We are now insulating the existing exterior facade. Are we forced by any regulation? No. Is it economically beneficial? Maybe over 30+ years. We just want to do it.
It feels like many people build to KfW 40+ standards instead of the minimum energy saving regulations. After all, the KfW loan interest rate is very favorable.
But seriously, what does the energy saving regulation include that drives prices up but nobody actually wants? Skipping insulation of the intermediate floor slab in new construction? Seriously?
Tassimat schrieb:
But seriously, what in the energy saving regulations actually drives up costs while being unwanted? Skipping floor slab insulation in new builds? Seriously? I agree. Since buildings have also been required to have an energy performance certificate upon sale, buyers have become much more aware of this area. Good insulation values are now better appreciated, which I think is a positive development.
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wurmwichtel10 Apr 2019 10:36Niloa schrieb:
But don’t you think someone comes by every week trying to talk the owner into selling the plot? At least that’s how I imagine it here... I’d argue that most people looking to build don’t even think about that. There’s a vacant plot next to us. Since early 2017, we’ve only been approached twice by “outsiders” asking if we knew who owned the land—even though there are hardly any buildable spots left around here. The local council is now trying to speed up the process of making land available for development. In total, there will be no more than about 30 single-family homes before it’s basically over. After that, it will be complicated and expensive because new cul-de-sacs would have to be created to make the most of the very last remaining spaces.
pffreestyler schrieb:
…In our village, for example, currently 3 individuals with less than 2k net income are building a house… Either they received a substantial amount of money from their parents, or they are mostly doing the construction work themselves and excluding contractors. There’s no other way to make it work, and I don’t believe they rely on a bullet loan.
wurmwichtel schrieb:
Either they received a lot of money from their parents, or they mainly build the house themselves without involving companies. It doesn’t work any other way, and I don’t want to believe in a bullet loan. Of course they build it themselves with their friends and buddies. My neighbor on one side and the one diagonally opposite also did everything themselves. There wasn’t a single company involved. Karsten
pffreestyler schrieb:
For example, in our village, three individuals with less than 2,000 net income are currently building a house...Well, we also don’t earn 7,000, and we managed with 270,000 without the land, but in these examples inheritances or a lot of equity probably play a role.
Nordlys schrieb:
It’s really like that: in our neighborhood too, lots of people with average to low income, smaller houses, a lot of DIY, a lot of mutual help, and it works out.For us: the more the land plots are subsidized, the bigger and more impressive the house. But here in Lower Saxony we also have residential areas or many single and semi-detached houses that are simply equipped with 110 sqm (1,184 sq ft). But even in the tiny front gardens there are color accents planted, not boring symmetrical green stalks between gray stones, so the residents happily walk through their front door while the person with the stone desert goes through the dark garage into the house.
Tassimat schrieb:
It feels like many people build to KfW 40+ instead of just the energy-saving regulation standard. The KfW loan interest rate is so favorable then Exactly. And that money is then additionally spent on the fittings, and afterwards people complain that building a house is so expensive.