ᐅ Planning to build a house: what budget should you expect nowadays?
Created on: 1 Jan 2023 16:22
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rulor1992
Hello everyone,
I would like to get a rough estimate in advance of what we might expect for a future house.
In our former rural hometown, building plots will soon be developed. Due to the current situation, almost all previously reserved plots have become available again.
We have an appointment soon to discuss the building plots. They are all between 500-650 sqm (5382-6997 sq ft) in size and are supposed to cost between €160-180 (per sqm), which is quite high for this location.
Is it still possible to negotiate prices, or are the local authorities strict? We are considering buying two plots to reach about 1000 sqm (10,764 sq ft) in total.
The plot would be purchased without taking out a loan.
What are the current prices for a single-family house with two full floors and a basement in a higher-quality finish?
Since I am currently self-employed, my income fluctuates significantly. The business is planned to be moved into the basement. Of course, this still needs to be approved by the local authority to see if it is allowed.
It is an online shop with current pre-tax profits of €400,000 annually.
Maybe you can give me a brief outlook on the upcoming project.
Thank you
I would like to get a rough estimate in advance of what we might expect for a future house.
In our former rural hometown, building plots will soon be developed. Due to the current situation, almost all previously reserved plots have become available again.
We have an appointment soon to discuss the building plots. They are all between 500-650 sqm (5382-6997 sq ft) in size and are supposed to cost between €160-180 (per sqm), which is quite high for this location.
Is it still possible to negotiate prices, or are the local authorities strict? We are considering buying two plots to reach about 1000 sqm (10,764 sq ft) in total.
The plot would be purchased without taking out a loan.
What are the current prices for a single-family house with two full floors and a basement in a higher-quality finish?
Since I am currently self-employed, my income fluctuates significantly. The business is planned to be moved into the basement. Of course, this still needs to be approved by the local authority to see if it is allowed.
It is an online shop with current pre-tax profits of €400,000 annually.
Maybe you can give me a brief outlook on the upcoming project.
Thank you
rulor1992 schrieb:
I’m already on the waiting list... However, the plots have not yet been transferred to the supplier’s ownership. That is expected to happen in the coming months. So none of the plots have been sold yet.
As a local resident, I apparently have a right of first refusal.
We’ll see how it turns out.So far, no plots have even been officially subdivided, so nothing can be sold yet, unless someone would sell them just approximately.
rulor1992 schrieb:
I’m on the waiting list now... However, the plots have not yet been transferred to the provider’s ownership. That is expected to happen in the coming months. So, no plots have been sold yet. Yosan schrieb:
No plots have even been subdivided so far, That sounds like the land division plan hasn’t been finalized yet; development will also take longer then.
rulor1992 schrieb:
As a local resident, I supposedly have a right of first refusal. A right of first refusal is only granted if it has been formally documented. And if so, it is not “supposedly” or “possibly,” but definitely valid.
Expectations of priority purchase rights are just wishful thinking. You probably mean the courtesy of choosing from the available options before “external” applicants (but even that is not binding). Rights of first refusal for plots not yet allocated—in other words, essentially mandatory rights for all of them—would be, well, “something new” ;-).
In my opinion, a right of first refusal on land not yet owned by the seller would also amount to a “short sale,” which in the case of land would likely be fraudulent.
https://www.instagram.com/11antgmxde/
https://www.linkedin.com/company/bauen-jetzt/
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WilderSueden6 Jan 2023 09:48I guess he means more of a points system, where as an outsider you only have a chance with 15 children 😉
WilderSueden schrieb:
I guess he means more of a points system, where outsiders only have a chance if they have 15 children. Haha, but local resident models are typically only applied in cases where the developer is the municipality (possibly indirectly through its housing company or savings bank) – and so far, that’s not how it sounded to me here.
https://www.instagram.com/11antgmxde/
https://www.linkedin.com/company/bauen-jetzt/
R
rulor19926 Jan 2023 14:2711ant schrieb:
Haha, but local resident models are typically only practiced where the developer is the municipality (possibly indirectly through its housing company or savings bank) – and it didn’t sound like that was the case here so far. Right of first refusal was probably the wrong term.
Local residents are contacted first.
Whether it is handled that way, I have no idea. However, the plots of land are way too expensive anyway.
So, not many will rush for them, that much is certain.
rulor1992 schrieb:
Right of first refusal was probably the wrong term.
Local residents are contacted first.
Whether it is actually handled that way, I have no idea. However, the plots are way too expensive anyway.
So not many people will rush to buy them, that much is certain. Is a final price set before the site development?
What timeframe was given to you? Since the area currently consists of a few large parcels (agricultural grassland) without any parcel designated for a road and no individual plots available for sale, it will probably take at least one year before construction could even be considered.
So, based on your plans, I would not expect moving in before 2025.