ᐅ Prefabricated House Planning: Initial Meetings Scheduled
Created on: 10 Jun 2019 19:37
B
BauherrRookie
Hello dear community,
We (24 and 23 years old) no longer want to pay off someone else’s mortgage, so we have decided to invest in our own property. This has always been our wish. Since building a house ourselves seems too complicated, a prefab house appears to be a very good alternative.
As I only finished my studies this year and my partner completed her apprenticeship last year, our equity is understandably very limited. We have a bank appointment next month. We scheduled the meeting to run the numbers with the bank and see what is actually possible. Of course, we will also obtain comparison offers.
At a prefab house exhibition, we got in touch with a consultant, and we arranged an appointment with him for the end of the month. His idea is that we present something to take to the bank for calculations. We also informed the consultant that we do not yet own a plot of land. While the company does not broker properties, they can assist us in the search.
Regarding location, we are very flexible. Everything between Stuttgart and 30km (19 miles) north is an option. A train connection should be available at most one town over. We plan for 140 - 160 square meters (1,500 - 1,700 square feet), ideally with a basement and a small garden. We assume that a 300 square meter (3,230 square feet) plot would be sufficient. Most likely, a carport or garage would be added later. We expect the total budget to be around 500,000 euros (about $540,000 USD). This would need to include the plot and additional construction-related costs.
We know that verbal promises are nice but that everything should be put in writing. What tips can you give us for the consultation with the prefab house provider? What should we definitely pay attention to?
How do you evaluate our plans given the circumstances?
What advice do you have regarding the property? (We hear that it can be difficult to get land through municipalities, so we are hoping the consultant can support us here.)
How did you ensure that good contact with the prefab house company was maintained afterward? (We often read that contact becomes scarce after signing.)
Does the help with finding a plot sound realistic? The consultant said it might even be possible to find one within 2-3 months.
What costs should we keep in mind? (Prefab house, plot, additional construction-related costs, property transfer tax / stamp duty, notary, possibly furniture and kitchen, etc.) Should we also plan a 10% contingency even if it is a fixed price?
I have not mentioned the name of the provider yet, as I am not sure if that would count as advertising.
Best regards
We (24 and 23 years old) no longer want to pay off someone else’s mortgage, so we have decided to invest in our own property. This has always been our wish. Since building a house ourselves seems too complicated, a prefab house appears to be a very good alternative.
As I only finished my studies this year and my partner completed her apprenticeship last year, our equity is understandably very limited. We have a bank appointment next month. We scheduled the meeting to run the numbers with the bank and see what is actually possible. Of course, we will also obtain comparison offers.
At a prefab house exhibition, we got in touch with a consultant, and we arranged an appointment with him for the end of the month. His idea is that we present something to take to the bank for calculations. We also informed the consultant that we do not yet own a plot of land. While the company does not broker properties, they can assist us in the search.
Regarding location, we are very flexible. Everything between Stuttgart and 30km (19 miles) north is an option. A train connection should be available at most one town over. We plan for 140 - 160 square meters (1,500 - 1,700 square feet), ideally with a basement and a small garden. We assume that a 300 square meter (3,230 square feet) plot would be sufficient. Most likely, a carport or garage would be added later. We expect the total budget to be around 500,000 euros (about $540,000 USD). This would need to include the plot and additional construction-related costs.
We know that verbal promises are nice but that everything should be put in writing. What tips can you give us for the consultation with the prefab house provider? What should we definitely pay attention to?
How do you evaluate our plans given the circumstances?
What advice do you have regarding the property? (We hear that it can be difficult to get land through municipalities, so we are hoping the consultant can support us here.)
How did you ensure that good contact with the prefab house company was maintained afterward? (We often read that contact becomes scarce after signing.)
Does the help with finding a plot sound realistic? The consultant said it might even be possible to find one within 2-3 months.
What costs should we keep in mind? (Prefab house, plot, additional construction-related costs, property transfer tax / stamp duty, notary, possibly furniture and kitchen, etc.) Should we also plan a 10% contingency even if it is a fixed price?
I have not mentioned the name of the provider yet, as I am not sure if that would count as advertising.
Best regards
BauherrRookie schrieb:
however, in our area you have to expect 200 to 400 euros per sqm. So plan for 400€/m² (about 37 USD/ft²) and up
BauherrRookie schrieb:
Should you also include a 10% buffer when it’s a fixed price? There is no fixed price in house construction. The keywords are "owner-supplied" and "additional building costs." Don’t be misled by the term "turnkey." Always ask for costs for "ready-to-move-in," and even then expect a significant extra amount in the five-digit range.
Take a look at the financing section of the forum to see what costs you should realistically expect for houses of around 150m² (about 1,615 ft²).
400€/sqm (square meter) land + additional purchase costs
2100€/sqm prefab house
250€/sqm foundation slab
Additional construction costs 30,000–50,000
Floor coverings and painting work in electrical/plumbing (EL) 15,000
Carport 5,000–10,000
Landscaping contractor 15,000
Garden design 10,000
For a 160 sqm (1,722 sqft) house without a basement on a 400 sqm (4,306 sqft) plot
175,000
340,000 house
23,000 foundation slab (this can also be more expensive)
538,000
Plus ...
50,000 additional construction costs
15,000 electrical/plumbing (EL)
15,000 landscaping
10,000 carport
10,000 basement replacement room
10,000 garden
=
650,000
The rounding is a buffer but does not replace a 10% contingency.
Kitchen, furniture, and lighting are additional costs.
2100€/sqm prefab house
250€/sqm foundation slab
Additional construction costs 30,000–50,000
Floor coverings and painting work in electrical/plumbing (EL) 15,000
Carport 5,000–10,000
Landscaping contractor 15,000
Garden design 10,000
For a 160 sqm (1,722 sqft) house without a basement on a 400 sqm (4,306 sqft) plot
175,000
340,000 house
23,000 foundation slab (this can also be more expensive)
538,000
Plus ...
50,000 additional construction costs
15,000 electrical/plumbing (EL)
15,000 landscaping
10,000 carport
10,000 basement replacement room
10,000 garden
=
650,000
The rounding is a buffer but does not replace a 10% contingency.
Kitchen, furniture, and lighting are additional costs.
ypg schrieb:
Phew, my real estate site shows me plots north of Ludwigsburg: 460,000 for about 450 square meters (4844 square feet)...
Nearby, there is a semi-detached house plot of 250 square meters (2691 square feet) for 140,000. That’s 560 per square meter (52 per square foot)...
Prices are quite steep.... but that’s completely “normal” in the commuter belt.
If you haven’t forgotten to build a road to the town, you won’t find anything below 500 per square meter (46 per square foot) until you’re at least within a 30 km (19 mile) radius. But not from private sellers and only with a child bonus.
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