ᐅ Prefabricated House Planning: Initial Meetings Scheduled
Created on: 10 Jun 2019 19:37
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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
face26 schrieb:
...but that’s completely “normal” in the suburban commuter belt.
If you haven’t forgotten to build a road to the town, you won’t find anything under €500 per square meter within at least a 30km (18.6 miles) radius. But not from a private seller and only with a child allowance. Well, I often read about “your” prices and the resulting concerns down there in the south or in Baden-Württemberg or Bavaria. In this case, the original poster made me curious because I sensed between the lines that they haven’t really dealt with plots and their offers yet, and I read very limited flexibility. So I took a look at Immonet.
Here in Hamburg, the madness is slowly starting too. Slowly... On top of that, there is a minimum plot size of 650 sqm (7000 sq ft) for a standalone lot.
Even though salaries are higher here, they are not really twice as high as yours — although we have built for just a fraction of the cost.
Tassimat schrieb:
I hope we’re not confusing @BauherrRookie too much.
Anyway, the longer it takes to find a plot, the more equity you build up.It is what it is! I would feel squeezed too, especially since everything gets more expensive every year.
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hampshire11 Jun 2019 02:31The prices are crazy. They are frightening when building a new house but encouraging when selling an old property. It’s like the situation in southern England until the bubble bursts.
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HilfeHilfe11 Jun 2019 07:26You can earn an amount X more in these regions if you play it smart^^
HilfeHilfe schrieb:
You can earn an amount X more in these regions if you play it smart^^ ...as Yvonne already mentioned – but not double.
hampshire schrieb:
Prices are crazy. It’s frightening when building new and great when selling the old property. Like southern England until the bubble bursts. ...slower price increases, stagnation, or even a decline at some point – yes. But I don’t see that happening anytime soon, and definitely not a bubble. Aside from a global disaster, there’s currently no sign of a bubble.
To get back on topic… waiting for prices to get cheaper probably won’t work. However, you should only buy or build if it makes financial sense. For the original poster, this means reconsidering expectations (building smaller will also be difficult within the budget) or looking further away from Benztown.
If neither option is possible, then the Swabian can only do one thing.
When I read it was already 20km from Stuttgart, I realized that the budget wouldn’t be enough.
Just because your acquaintances built on 300m² (3,230 sq ft) doesn’t mean you will get a 300m² (3,230 sq ft) plot as well. Every square meter in land prices hurts. Above all, I don’t understand how you get “from €200” per m². From private sellers, you’ll pay three to four times that, and from the municipality, you won’t get anything due to the high competition.
Off-topic: Nowadays, developers come up with strange ideas. A friend of mine is currently looking for a property in the Ruhr area and said that some developers no longer divide the plots to save costs. In other words, you build a semi-detached house, townhouse, terraced house, etc., but regarding land, ground, and rights, you are treated like a condominium buyer because you don’t have your own separate plot. That means all “co-owners” must be asked (and agree) if you want to put a swing, garden shed, etc. in your garden area.
Completely crazy.
Just because your acquaintances built on 300m² (3,230 sq ft) doesn’t mean you will get a 300m² (3,230 sq ft) plot as well. Every square meter in land prices hurts. Above all, I don’t understand how you get “from €200” per m². From private sellers, you’ll pay three to four times that, and from the municipality, you won’t get anything due to the high competition.
Off-topic: Nowadays, developers come up with strange ideas. A friend of mine is currently looking for a property in the Ruhr area and said that some developers no longer divide the plots to save costs. In other words, you build a semi-detached house, townhouse, terraced house, etc., but regarding land, ground, and rights, you are treated like a condominium buyer because you don’t have your own separate plot. That means all “co-owners” must be asked (and agree) if you want to put a swing, garden shed, etc. in your garden area.
Completely crazy.
Zaba12 schrieb:
Nowadays, developers come up with strange ideasNowadays? German row house developers have been doing that since their inception, which was around 1900.Similar topics