ᐅ Our Dream Home: Approach

Created on: 24 Mar 2013 14:53
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McEgg
McEgg24 Mar 2013 14:53
Hello everyone. I recently came across this forum and hope to gather some more information here. I have already read quite a bit but still have a few basic questions.

My wife and I dream of owning our own home. I could imagine that we might be able to build in about 2 years. However, I am not yet sure what the right approach to such a project is. What is the best way to go about it?

1. Check financial resources (what percentage of total net income should be planned for loan repayment?)
2. Find a building plot / land
3. Design the house
4. Look for a builder / developer

Or do you first design a house and then look for a suitable plot?
How do you estimate the approximate costs for a house? I assume no architect or anyone else provides free plans or cost estimates.
schubert7924 Mar 2013 16:42
For us, finding the plot of land was absolutely the top priority. The plot and any applicable development plan define a lot—building zones, number of garages, slope, and so on. Planning a house without having a plot first is just a waste of time.
McEgg24 Mar 2013 17:02
Okay, but to look for a plot of land, don’t I first need to know approximately how big the house including the garage should be?

To get a feeling for the sizes, we visited a model home center and looked at several houses. The homes we liked best in terms of space had a living area of 180-200 m² (about 1,940-2,150 sq ft) spread over two floors. We would also like a garage spacious enough to fit two cars and a motorcycle comfortably.

How large should the plot of land roughly be then? Okay, it depends on the garden size, but a rough guideline would be helpful. Would 400 m² (about 4,300 sq ft) be too small?
McEgg24 Mar 2013 17:20
Good information, thanks. 🙂
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Bauexperte
25 Mar 2013 10:39
Hello,
McEgg schrieb:

My wife and I are dreaming of owning our own home. I could imagine that we might be able to build in about 2 years. However, I’m still not sure what the right approach is for a project like this. What is the best way to proceed?

1. Check your financial resources (what percentage of your total net income should be allocated for loan repayment?)
2. Look for a building plot
3. Plan the house
4. Find a builder/developer

Or do you plan the house first and then look for a suitable plot? How do you estimate the approximate cost of a house? I don’t think any architect or anyone else would provide free plans or estimates.
The order from 1 to 4 is correct; don’t let that discourage you! If you also address the financing question with an independent mortgage broker, even better.
McEgg schrieb:

How do you estimate the approximate cost of a house? I don’t think any architect or anyone else would provide free plans or estimates.
Once you have completed steps 1 and 2, you can request quotes that fit the land development plan both from local and national providers; this is usually free of charge. If you prefer to work with an architect, make sure to clarify the cost issue “beforehand.” Simply asking them to “draw/design something” commits you to paying fees according to the applicable fee regulations because that constitutes a contract!

Regards, Bauexperte
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Nilo
25 Mar 2013 11:00
Personally, I would proceed as follows:
1. Check your financial resources (180-200 m² (1,940-2,150 sq ft) is already a considerable house size. We’re easily talking about 300,000 EUR plus garage, land, etc.)
2. Search for a plot of land
3. Look for a developer/architect

I would personally handle steps 2 and 3 simultaneously. If you have a plot of land in mind, you can have initial discussions based on that to find out if your dream house can be built on the selected land.