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.
P
Pinkiponk23 Feb 2021 12:18Michele87 schrieb:
Now it’s more like "not a good idea," a naive wishful thought.Well, you definitely got me interested with your idea; I think it’s really good, especially since you’ve described your current living situation in the meantime. In the end, it’s also a matter of personal preference, but I wouldn’t give up so quickly. Also, think about your cats. ;-)
I would also like to raise the question of the mortgage lending value for a house like this.
With the modest living area and no basement, I suspect the bank will take a conservative approach and require more equity for financing than the 30,000 referenced by the original poster.
It is unlikely that any flexibility will be granted upon inquiry, unless the location is particularly desirable. However, with a budget of 300,000, that would make things unrealistic again.
With the modest living area and no basement, I suspect the bank will take a conservative approach and require more equity for financing than the 30,000 referenced by the original poster.
It is unlikely that any flexibility will be granted upon inquiry, unless the location is particularly desirable. However, with a budget of 300,000, that would make things unrealistic again.
Schimi179123 Feb 2021 13:02From wohnglueck.de (Google: minihaus kosten):
The Smart House GmbH from Löhne, North Rhine-Westphalia, offers various sizes of prefabricated wooden modules. They start at 30 square meters (320 square feet) of living space and go up to 50 square meters (540 square feet).
The advantage: The modules can be combined or stacked. This way, the tiny house can easily be expanded as the family grows. They are also transportable, so you can simply take your tiny house with you if you move.
After purchase, you can move into your tiny house within six to eight weeks. The smallest house module costs from 55,000 euros ready to move in, and turnkey the price is 62,500 euros. For the 50 square meter (540 square feet) version, you should budget just under 85,000 euros.
The Smart House GmbH from Löhne, North Rhine-Westphalia, offers various sizes of prefabricated wooden modules. They start at 30 square meters (320 square feet) of living space and go up to 50 square meters (540 square feet).
The advantage: The modules can be combined or stacked. This way, the tiny house can easily be expanded as the family grows. They are also transportable, so you can simply take your tiny house with you if you move.
After purchase, you can move into your tiny house within six to eight weeks. The smallest house module costs from 55,000 euros ready to move in, and turnkey the price is 62,500 euros. For the 50 square meter (540 square feet) version, you should budget just under 85,000 euros.
Schimi179123 Feb 2021 13:18A price of 85k per square meter (10.8 square feet) of living space is completely reasonable. Expansion is possible if needed. This can help reduce additional costs and cleaning effort. It is simply a concept that feels unusual to us at first, in my opinion.
Schimi1791 schrieb:
Smart House GmbH from Löhne in North Rhine-Westphalia offers prefabricated wooden modules of various sizes. They start at 30 square meters (320 square feet) of living space and go up to 50 square meters (540 square feet). Schimi1791 schrieb:
The clever part: The modules can be combined or stacked. This way, the tiny house can be easily expanded as the family grows. This idea is not entirely new. However, it’s not as simple as it’s made out to be. You can’t just add on without permission—you’ll need a building permit / planning permission again, connections, and energy efficiency regulations come into play. If you want a larger bathroom, you need a new wastewater connection, and so on. Also, wall-mounted radiators as the sole heating source might leave you with cold feet. It’s not just a matter of rearranging the furniture arbitrarily, right? I would rather build a 110 square meter (1,185 square feet) bungalow on a lower budget, with reliable technology you can count on.
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