ᐅ Tiny house – possible for €300,000?

Hello!
First of all: These are just my initial thoughts, not concrete building plans, and I don’t have a plot of land yet.
I like the idea of a small house for a single person and a minimalist lifestyle. I’m thinking of around 70sqm (750 sq ft), a simple rectangular layout, solid but basic (let’s say manual light switches, standard windows, small bathroom, small kitchen, etc.).
Land prices here range from 100 to 250€/sqm (I’m estimating around 120,000€).
I already have a financing commitment of 300,000€, my net income is 3,300€, my equity is quite low at 30,000€, my home savings contract currently has only 8,000€, and I’m 34 years old.

Is it realistic to achieve the dream of owning a house with a budget of 300,000€? Realistically, only about 150,000€ would be left for the house itself. Is it possible to build something simple with that? And how do you get started? Should I look for a plot first and then go to an architect?

So far, I’ve only found price information for houses over 120sqm (1300 sq ft), but that’s not an option for me alone.

Michele87 schrieb:

I only found price information for houses over 120 m² (1300 sq ft) here, but that’s not feasible for me alone.

Then look properly 🙂
The most affordable providers offer bungalows - with guaranteed manual light switches.

Perfect 86 135,000
plus foundation slab 15,000
plus transport, architectural fees, etc. estimated 15,000
plus a few extras 10,000
plus additional construction costs 30,000
plus small terrace, driveway, splash guard, and lawn seeding (without carport) 10,000
plus affordable plot including purchase additional costs 125,000
plus budget kitchen 10,000

350,000 €

In the northern regions, it’s worth checking out team massiv or eco, while in the southern areas Town & Country tends to be a bit more affordable. However, you need to be very careful. Our modest bungalow cost us 285,000 in 2017, completely finished, with only 71,000 spent on the land. It measures 110 sqm (1,184 sq ft). We could have saved more by skipping the prefabricated garage, stairs, fully accessible and insulated attic with Velux windows, and by choosing studio trusses instead of traditional wooden trusses. But then there would have been no more options left. Our fitted kitchen from Ikea was really cheap, there was no smart home system, and we basically didn’t upgrade anything.

Nordlys schrieb:

Our certainly not luxurious bungalow cost us 285,000 in 2017, fully finished, with only 71,000 for the plot of land. It has 110 sqm (1,184 sq ft).

Thank you for your reply! So with 300,000 euros it’s really tight but could work. Town & Country even offers a bungalow in my desired size, great tip 🙂

Michele87 schrieb:

Thank you for your reply! So with 300,000 euros it’s already quite tight but could work.

That was from 2017, what Nordlys wrote, so several years lie between.
No arms, no cookies! No land, no building. When you can actually start thinking about building, in 2022 or later, you can simply add a 20-30% surcharge to the quoted amount to get what you want.
Building a 70 sqm (750 sq ft) house is more expensive per square meter compared to a 110 sqm (1,185 sq ft) house, since certain costs remain the same regardless of size.
Choosing the smallest possible option is not always the best solution if that’s all you can afford. At your age, your ideals, expectations, and interests will certainly change. Committing to a 70 sqm (750 sq ft) house might become limiting at some point—in just a few years. Properties can be sold, but a 70 sqm (750 sq ft) small house has a limited target market. Just a word of advice.

ypg schrieb:

That was in 2017, which Nordlys mentioned, so several years are in between.
No arms, no cookies!

Thank you for your honest response! It really helps me to get a realistic perspective from experienced homeowners. You usually can’t expect such honesty among acquaintances, as everything tends to be sugarcoated.
I’ve also read about the point regarding fixed construction costs, so that’s a good reminder!
No more children will be arriving, but maybe a husband.
My income won’t increase significantly anymore, and with a savings rate of 1000€ (around $1100), my equity won’t suddenly skyrocket.
It will probably be more of a pipe dream than a tiny house 😀