ᐅ Is Buying a House for up to €350,000 Realistic?

Created on: 1 Jun 2020 09:31
M
Mlt1402
Dear Forum,

We are about to purchase a plot of land (500m2 (5,382 sq ft)) and are trying to get an idea of the costs involved in building a house.

Our maximum budget for the house construction is €400,000, but since we want to have a safety margin, we initially set a budget of €350,000.

Our ideal house would have a pitched roof and a basement, with approximately 130m2 (1,400 sq ft) of living space—no frills, no luxury, but still modern.

We are unsure whether to go for a traditional masonry build or a prefabricated house. A well-known local company specializing in masonry construction quoted us costs of around €3,000 per m2 (€3,000 per 10.8 sq ft) as a basis for a “standard house.”

At first, this sounds quite expensive to me.

Since we could imagine contributing some work ourselves (with help from acquaintances and skilled friends), we hope to reduce costs somewhat this way.

Is it necessary to plan for €3,000 per m2 in any case? Even with prefabricated houses? I am also quite skeptical of the attractive offers in catalogues.

I would greatly appreciate your feedback.
T
T_im_Norden
22 Aug 2020 12:42
I would install a controlled ventilation system anyway, so the difference is not that significant.
When installing a controlled ventilation system, pay attention to the ceiling heights in case a suspended ceiling is necessary.
M
Mlt1402
22 Aug 2020 12:45
T_im_Norden schrieb:

I would install a mechanical ventilation system with heat recovery regardless, then the difference is not as significant.
With mechanical ventilation, pay attention to the ceiling heights in case a dropped ceiling is necessary.
T_im_Norden schrieb:

I would install a mechanical ventilation system with heat recovery regardless, then the difference is not as significant.
With mechanical ventilation, pay attention to the ceiling heights in case a dropped ceiling is necessary.


Is this absolutely necessary? Since both of us have jobs where we often work from home, we have the opportunity to ventilate regularly. Or am I mistaken here and this does not really matter in this context?
T
T_im_Norden
22 Aug 2020 12:54
This topic comes up here quite often.

The builder apparently offers a mechanical ventilation system with heat recovery to meet the KfW 40 standard.

If you are aiming for KfW 40 and need to install photovoltaic panels anyway, then KfW 40 Plus with storage could be an option to consider.

A mechanical ventilation system is not mandatory, as decentralized systems or trickle ventilators integrated into window frames are also possible. However, most people who have a mechanical ventilation system would never want to live without one again.
face2622 Aug 2020 12:55
Mlt1402 schrieb:

Is that absolutely necessary?

Not really necessary. At first, it’s a matter of comfort and, depending on the situation, also a question related to the energy/heating concept.
M
Mlt1402
22 Aug 2020 13:02
Thank you for the quick response. Since we need to be somewhat mindful of our budget, it would obviously be very interesting for us to save around €23,000.

The price definitely sounds very appealing to us, and we might actually be able to stay around €700,000.

Land 245k
House 345k
Additional construction costs 40–50k
Photovoltaic system 20k
Outdoor facilities 45k
T
T_im_Norden
22 Aug 2020 13:06
Are you using KfW loans and subsidies?
You can get up to 30,000 euros as a grant.
Heating with a heat pump is also eligible for funding.

Is the photovoltaic system estimated, or how large are you planning it?
It seems a bit high to me.