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.
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.
Smaller houses with 70-90 m² (750-970 sq ft) of living space can occasionally be found in the existing housing stock. There is usually less competition for these since they are generally not of much interest to couples or families. I would not recommend building new ones like this, as it is uneconomical. There is too little demand, and therefore no real prospect of significant value appreciation.
N
nordanney22 Feb 2021 11:58You can find houses of this size in older (worker) housing estates. For example, they are very common here in the Ruhr area. Usually, there is plenty of green space around, and in some cases, the entire estate is listed as a historic preservation area. Very quaint and cozy.
I’m not sure how it looks in your part of Lower Saxony or in your local area.
I’m not sure how it looks in your part of Lower Saxony or in your local area.
I would also prefer a long-term lease at a camping site. There are small mobile homes or similar options, suitable as a primary residence with the necessary utility connections. Usually, these sites are also quite attractive. Otherwise, as mentioned, buy an existing property.
M
Michele8722 Feb 2021 16:54nordanney schrieb:
You can find houses of this size in older (worker) settlements. They are very common here in the Ruhr area, for example.
I actually looked at such a house! 145,000 EUR for a “well-maintained original condition” from the 1960s with 63 sqm (678 sq ft). No parking spaces, no driveway. I brought along a coworker who strongly advised against it (he owns his fourth property). It was basically a shell – electrical, heating, windows, bathrooms, and insulation all would have needed to be redone.
The idea is great, but these houses are completely overpriced here. Whether you can sell it again in about 10 years without significant loss is really questionable.