Hello,
Actually, we have been looking for an existing property since last summer. According to our mortgage broker, we have a budget of around 300,000 (all-in), which a bank is likely to approve.
The market here in Schleswig-Holstein has also become very tight, and the houses on offer are often in need of renovation, so you easily exceed the budget (especially since many city dwellers laugh at our house prices and like to secure a holiday home here).
Now the question is whether it would be possible to build a house within our budget (assuming we can get a building plot). Our requirements are not very high; it doesn’t need to be a huge house. 120 square meters (1300 square feet) would be completely sufficient.
In a neighboring village, plots are currently being developed. The price isn’t fixed yet but is expected to be below 100 euros per square meter. The plots are about 700 square meters (7500 square feet) in size. Unfortunately, we have no experience with this topic at all, and I definitely don’t want to miscalculate.
We can only contribute limited personal labor. We are not unskilled, but both fully employed with a child, dog, and horse. What are your thoughts?
Actually, we have been looking for an existing property since last summer. According to our mortgage broker, we have a budget of around 300,000 (all-in), which a bank is likely to approve.
The market here in Schleswig-Holstein has also become very tight, and the houses on offer are often in need of renovation, so you easily exceed the budget (especially since many city dwellers laugh at our house prices and like to secure a holiday home here).
Now the question is whether it would be possible to build a house within our budget (assuming we can get a building plot). Our requirements are not very high; it doesn’t need to be a huge house. 120 square meters (1300 square feet) would be completely sufficient.
In a neighboring village, plots are currently being developed. The price isn’t fixed yet but is expected to be below 100 euros per square meter. The plots are about 700 square meters (7500 square feet) in size. Unfortunately, we have no experience with this topic at all, and I definitely don’t want to miscalculate.
We can only contribute limited personal labor. We are not unskilled, but both fully employed with a child, dog, and horse. What are your thoughts?
SumsumBiene10 Apr 2021 21:38Yes, he eventually did. But that’s exactly the problem here. The locals simply can’t compete with the city dwellers. Almost all the houses we have seen in person or online, and that are now sold, have “foreign” license plates in front of the door.
SumsumBiene schrieb:
Almost all the houses we have looked at or seen online that are now sold have "foreign" license plates in the driveway.So the local model isn’t that bad after all 🙂That is certainly true. Seeing what is happening here at the Baltic Sea, we couldn’t have bought and built even a moment later. Land for 115, now 240. House for 200, now probably 250. Above all, the plot has more than doubled in price within four years. This is not normal. Who is driving the prices up like this? Mainly Hamburg.
SumsumBiene10 Apr 2021 22:54Yes, Hamburg has always been a popular place for buyers.
This hasn’t changed with the broadband expansion.
For those who already have something there, it’s a nice advantage...
NRW and now also southern Germany are also happy to choose it as a retirement destination.
This hasn’t changed with the broadband expansion.
For those who already have something there, it’s a nice advantage...
NRW and now also southern Germany are also happy to choose it as a retirement destination.
SumsumBiene10 Apr 2021 22:55... So if anyone here is reading this who is planning something similar:
WE VERY OFTEN HAVE REALLY BAD WEATHER, AND IN HIGH SUMMER IT RARELY GETS WARMER THAN 20°C (68°F)..... AND ANYWAY... THE EAST WIND IS REALLY ANNOYING!!
WE VERY OFTEN HAVE REALLY BAD WEATHER, AND IN HIGH SUMMER IT RARELY GETS WARMER THAN 20°C (68°F)..... AND ANYWAY... THE EAST WIND IS REALLY ANNOYING!!
