ᐅ How much house can I get for my budget?

Created on: 31 Mar 2015 17:04

Hi,

I have a budget of about 170,000 euros for a fully finished, move-in-ready house. I can install the electrical wiring and plumbing myself, and I also plan to do the drywall and tile or flooring installation on my own.

My uncle can install the windows for me, if that would significantly reduce the price.

The plot of land is already owned and does not need to be considered.

What is important to me:

Ground floor:

Open-plan living, dining, and kitchen area (with a corner layout)
Separate entrance hall (completely enclosed with a small entry area including a chest of drawers; staircase located within the entrance hall to avoid cold air spreading downstairs or upstairs)
Guest toilet with shower
Study (which could later be converted into a bedroom if needed, for example, when it becomes difficult to use the stairs in old age)
Utility room or storage room

Upper floor:

2 children's bedrooms
Master bedroom with an adjacent walk-in closet area or wardrobe niche
Bathroom with a shower, bathtub, and double sink

The house should have a full basement.

Basement:

Heating room
Laundry room (preferably adjacent to the heating room)
Storage room
An empty room for a potential workshop or hobby room

Would I be better off with a prefabricated timber frame house, or can I afford a solid masonry house?

My uncle will also provide a custom-made kitchen for material costs only. I would only need to buy the appliances.

I just want a solid house with decent features, nothing like a luxury villa.

Thanks for your help.

Regards,
Michael

MichiQM6 Apr 2015 16:19

#37

220k for the basement and the shell of the house.

I was a bit unclear, sorry.

ypg6 Apr 2015 22:36

#38

MichiQM schrieb:
They had an offer back then for 220k for the basement including the shell construction of the house

MichiQM schrieb:
If I now start from the 220k

...you get a shell construction, nothing more, nothing less.

Aside from that, I wouldn’t take prices from my former or future neighbor at face value—you never know if that’s just the quoted price, the final price for the construction company, or the price including all upgrades.
There is the phenomenon that people either feel embarrassed for having chosen a cheap house or paid too much, or tend to exaggerate by rounding up the price by a few thousand.

Best regards,
Yvonne

Musketier7 Apr 2015 07:00

#39

If it is known that the neighbor built a shell structure for €220,000, how can you then expect to get a ready-to-move-in house including a basement for €170,000?

Bamue897 Apr 2015 08:11

#40

Sorry, I haven’t read everything, but 170k for a turnkey house with a basement? Honestly, you can forget about that. You won’t find prices like that even in the new federal states. If yes, please send me a private message because I’ll need a different house builder.

MichiQM7 Apr 2015 17:12

#41

I’m not sure either. I was able to get the building plot fully serviced at 37.50 per square meter, but if you believe what’s said in this forum, that seems simply impossible unless you live in the middle of nowhere, cut off from civilization.

I think there are very, very large regional differences.

Bauexperte7 Apr 2015 17:16

#42

MichiQM schrieb:

I’m not sure either, but I got the building plot fully developed for 37.50 per square meter (10.16 per square foot)

Fully developed means simply—unless otherwise agreed in the notarized contract—that the public utility connections are located on the street directly adjacent to the property. The house connection points still cost additional money.

MichiQM schrieb:

I think there are very, very large regional differences.

Of course—plots in Neukirchen-Bogen are considerably cheaper than in the outskirts of Munich. On the former plot, you might be looking at the middle of nowhere, whereas on the latter, you may get poorer.

Regards, Bauexperte

ᐅ How much house can I get for my budget?

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