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?
Hello.
Very interesting and at the same time alarming, where is this all headed?
I’m currently hearing about this from (former) colleagues around Düsseldorf - Cologne—they are desperately searching here. Now it’s happening in the beautiful north as well. 😕
No longer affordable or possible to save up for by regular buyers.
Near us in Solingen, condominiums are being built at 5000 € / m² (approximately $465 per sq ft).
Good thing—we’ll be gone in 4 weeks. 😀
All this just confirms that we did everything right.
A paid townhouse on the outskirts of Hanover, which is rented out.
A plot of land on the Baltic Sea was bought and fully paid for about 9 years ago. 😀
Now just hoping the place will be finished by the end of the year.
Regards, Olli
Very interesting and at the same time alarming, where is this all headed?
I’m currently hearing about this from (former) colleagues around Düsseldorf - Cologne—they are desperately searching here. Now it’s happening in the beautiful north as well. 😕
No longer affordable or possible to save up for by regular buyers.
Near us in Solingen, condominiums are being built at 5000 € / m² (approximately $465 per sq ft).
Good thing—we’ll be gone in 4 weeks. 😀
All this just confirms that we did everything right.
A paid townhouse on the outskirts of Hanover, which is rented out.
A plot of land on the Baltic Sea was bought and fully paid for about 9 years ago. 😀
Now just hoping the place will be finished by the end of the year.
Regards, Olli
Olli-Ka schrieb:
Now just hoping the house will be finished by the end of the year. And if not, then you can rent a holiday apartment. It’s all manageable. It’s annoying, of course, but there are worse things! My colleague: four people, two teenage boys, living for half a year in 65cm (700 square feet). She said: it was so clarifying 😀
bra-tak schrieb:
Nice documentary last night on NDR: 45 minutes – Buying a house – More expensive than ever
Still available in the media library. It’s about existing and new development areas and the price increases in northern Germany since 2010.It’s alarming what the mayor of Flensburg says right at the start ^^
DaSch17 schrieb:
It’s shocking what the mayor of Flensburg said right at the start ^^ Is it really? I find it understandable and plausible, considering his concept involving the port. Popular cities simply can’t keep adding more and more building land. Should the last patch of green space eventually be built over? It will come down to the fact that future builders will have to look to small towns or new development areas in villages.
Yes, that is true. However, it will further fuel social unrest.
Therefore, from my point of view, it is not realistic. It may be possible for metropolitan areas, but for medium-sized cities like Flensburg, in my opinion, it is unthinkable.
But who knows what the future will bring.
Therefore, from my point of view, it is not realistic. It may be possible for metropolitan areas, but for medium-sized cities like Flensburg, in my opinion, it is unthinkable.
But who knows what the future will bring.
ypg schrieb:
And if not, then you take a holiday apartment.Hello, from June 1st, we have rented a holiday apartment for 6 months on a flat-rate basis – 50 m² (540 sq ft). 😀
The few pieces of furniture we still have – everything new we needed has been sold – will be put into storage.
We wanted to leave NRW as soon as possible and return to the coast.
Regards, Olli