ᐅ End Terraced House: Large vs. Small / Price vs. Space—A Dilemma

Created on: 3 May 2015 14:40
H
Hallo333
Hello,

My girlfriend and I are planning to build and have found a developer who is currently constructing a small residential complex with 40 terraced houses. The houses are connected to a combined heat and power plant; heating and hot water are supplied via a heat exchanger system. (A maintenance contract is in place for 20 years with a contractor.)

Now we are facing a dilemma, both in terms of price and space.

There are two options:

1. Terraced house with 130 m² (1400 sq ft), ground floor, first floor, and attic. Turnkey including land and garage for about 200,000.

2. Terraced house with 85 m² (915 sq ft), ground floor and attic. Turnkey including land and garage for about 169,000.

We were able to do an initial inspection of the shell construction of the first 20 houses.

Attached are the two floor plans.

For more information, feel free to write here.

Best regards

Two-story floor plan of a house with living room, kitchen, bathroom, and bedroom.


Multi-level house floor plan: ground floor kitchen/living area, first floor bedroom/bathroom, attic studio/terrace.
B
Bauexperte
4 May 2015 14:30
Musketier schrieb:

Based on the floor plan proportions, the width is likely between 4.80m (15.7 ft) for the smaller house and 5.20m (17.1 ft) for the larger one, including the exterior walls.
You can also see this clearly from the bed in the bedroom, which with a standard size of 2.00–2.20m (6.6–7.2 ft) takes up about half the room’s width.

Those are expensive dog houses!
Musketier schrieb:

Edit: Bauexperte was faster

Only this once 😀

Regards, Bauexperte
H
Hallo333
4 May 2015 16:14
Hello,

I just visited the construction site again. It’s a good 5 meters wide, so definitely not 6 :-(
Bauexperte schrieb:
Those are expensive doghouses!

Just this once 😀

Regards, Bauexperte

I understand that the older generation sees it that way, if I may put it like that.
Even my parents don’t like the idea of “living in sardine cans.”

However, I’m in my early 20s and don’t have €100,000 in equity to build a proper single-family house ;-)

The houses are located in Maxdorf, if that means anything here.
The developer is a Mr. Hermle; maybe someone here knows him?

Best regards
B
Bauexperte
4 May 2015 16:57
Of course, you can describe it that way, although I’m only “old on paper” ;-)

It has little to do with having equity and much more with common sense. I admit that you may not have much experience in this area yet. Just think about who—if it ever comes to that—would buy your little dream house for a high price? Also consider whether it makes more sense to spread the advertised square meters over one floor rather than three.

In the end, when my son was your age, I would have always advised him against a project like the one you currently dream of. And rightly so, as I learned last Friday; he and his girlfriend got engaged. Both will be 34 in the middle of the year and want to have children ;-)

Best regards, Bauexperte
Musketier4 May 2015 17:08
In our case, it’s mostly the older generation that built the settlement houses with 80m² (860 sq ft). Nowadays, apartments and houses (if you can afford it) are getting bigger and bigger.
In your early twenties, you usually don’t have a lot of equity, but you have plenty of time to pay off the mortgage. Your income may also improve significantly with career advancement. For example, I am now earning twice as much as I did 8 years ago when I was in my late twenties.
Bauexperte schrieb:
Those are expensive doghouses!

@Bauexperte
By the way, I don’t find the term “doghouse” very polite, especially considering that the person is trying to realize their lifelong dream.

During our search for existing properties, we also came across such “handkerchief-sized lots” with terraced houses of 120m² -130m² (1290 - 1400 sq ft) (built between 1995 and 1997).
They were practically thrown on the market for €130,000. But we didn’t get past the outside viewing because neither of us could really imagine living there.
Although we don’t have more living space now, I find the quality of living by far better. However, we paid twice as much for it.
The question is whether the quality of living is worth that much to you.
B
Bauexperte
4 May 2015 17:18
@ Musketier

I didn’t want to be polite, but rather get straight to the heart of the matter.

A lifelong dream... in your early 20s?

They are doghouses, or sardine cans if you prefer, and an outrageous amount of money is demanded for them. That concerns me, I admit that openly. Also, that a young person—who really has no way of knowing what fate has in store—commits early to a property, especially an overpriced one.

I think I’m allowed to express these key points more bluntly; I haven’t even touched on the consequences yet ;-)

Regards, Bauexperte
Bauexperte
Musketier4 May 2015 17:36
I understand what you were trying to achieve with that. However, in my opinion, objective arguments would have been more appropriate.