ᐅ How much does a semi-detached house cost? Is it much cheaper than a detached single-family home?
Created on: 5 Mar 2018 22:00
M
mustafa08
Hello everyone, I’m Mustafa from Aalen (BW).
I have been allocated a plot of land by the city. It costs 215€ per square meter (sqm) with an area of 557 sqm (6000 sqft).
I’m considering building a semi-detached house with a friend.
Here is what we have in mind:
Solid construction
About 130-150 sqm (1400-1600 sqft) of living space per person, spread over two floors.
I want a basement, he probably does not.
Either a gable roof or a mono-pitched roof.
Around 64,000€ per person would be due for the land, including notary and taxes.
How much should we expect to spend per person overall? We actually don’t want to spend more than 350,000€ per person in total.
Is this realistic?
I would appreciate some feedback.
Best regards,
Mustafa
I have been allocated a plot of land by the city. It costs 215€ per square meter (sqm) with an area of 557 sqm (6000 sqft).
I’m considering building a semi-detached house with a friend.
Here is what we have in mind:
Solid construction
About 130-150 sqm (1400-1600 sqft) of living space per person, spread over two floors.
I want a basement, he probably does not.
Either a gable roof or a mono-pitched roof.
Around 64,000€ per person would be due for the land, including notary and taxes.
How much should we expect to spend per person overall? We actually don’t want to spend more than 350,000€ per person in total.
Is this realistic?
I would appreciate some feedback.
Best regards,
Mustafa
M
mustafa088 Mar 2018 23:20Hello,
yes, today is the deadline. I have committed. My friend withdrew. I will build alone. I couldn’t miss the opportunity.
yes, today is the deadline. I have committed. My friend withdrew. I will build alone. I couldn’t miss the opportunity.
First of all, congratulations.
I would recommend paying for the plot of land with your equity. That way, you would have time to properly plan your house, assess what you can realistically afford (and what you cannot), and calculate everything accurately.
Still, keep moving forward at a similar pace and keep an eye on the interest rates. From now on, any impulsive decisions could financially ruin you or at least put you in a much worse position.
Good luck, and continue to benefit from the experience shared here in the forum.
I would recommend paying for the plot of land with your equity. That way, you would have time to properly plan your house, assess what you can realistically afford (and what you cannot), and calculate everything accurately.
Still, keep moving forward at a similar pace and keep an eye on the interest rates. From now on, any impulsive decisions could financially ruin you or at least put you in a much worse position.
Good luck, and continue to benefit from the experience shared here in the forum.
M
mustafa089 Mar 2018 10:35Thank you
Yes, I will carefully consider everything. I also know many people in my environment who have built or are currently building. I will gather tips from all sources.
Of course, I will keep you all updated here.
Yes, I will carefully consider everything. I also know many people in my environment who have built or are currently building. I will gather tips from all sources.
Of course, I will keep you all updated here.
M
mustafa089 Nov 2022 12:06Hello everyone,
the project is complete. I have built a four-family house (1 apartment in the basement, 1 apartment on the ground floor, and 2 identical ones on the upper floor).
I have two tenants and my mother living in the house. The ground floor belongs entirely to me (175sqm (1880 sq ft) including a hobby room, etc.), the basement has just under 50sqm (540 sq ft), and the apartments on the upper floor have about 72sqm (775 sq ft) including a balcony.
the project is complete. I have built a four-family house (1 apartment in the basement, 1 apartment on the ground floor, and 2 identical ones on the upper floor).
I have two tenants and my mother living in the house. The ground floor belongs entirely to me (175sqm (1880 sq ft) including a hobby room, etc.), the basement has just under 50sqm (540 sq ft), and the apartments on the upper floor have about 72sqm (775 sq ft) including a balcony.