Hello,
I’m feeling a bit overwhelmed at the moment. My partner and I want to build a house but we don’t really know where to start. There are thousands of answers out there, but the questions people ask are always different. Our situation is that we are looking for a provider who offers everything from a single source. Land with house construction and everything that comes with it, like insurance, additional costs, and so on. We want to build a ready-to-move-in house with about 100-120m² (1,076-1,292 sq ft) of living space, plus a small garden. Otherwise, we have no other specific requirements. Our total budget is 205,000€. Whether it’s a bungalow or not is not a priority at this point. As mentioned, we are looking for providers offering a full-service package. Of course, we want to avoid falling into any building traps and having to pay more later on.
We want to build within approximately 10km (6 miles) of Neuss, NRW. Does anyone have recommendations or can tell us where to best find help or information? Or does anyone know a reliable provider? I’m really looking forward to your answers and wish you a nice day.
Best regards
Ralf
I’m feeling a bit overwhelmed at the moment. My partner and I want to build a house but we don’t really know where to start. There are thousands of answers out there, but the questions people ask are always different. Our situation is that we are looking for a provider who offers everything from a single source. Land with house construction and everything that comes with it, like insurance, additional costs, and so on. We want to build a ready-to-move-in house with about 100-120m² (1,076-1,292 sq ft) of living space, plus a small garden. Otherwise, we have no other specific requirements. Our total budget is 205,000€. Whether it’s a bungalow or not is not a priority at this point. As mentioned, we are looking for providers offering a full-service package. Of course, we want to avoid falling into any building traps and having to pay more later on.
We want to build within approximately 10km (6 miles) of Neuss, NRW. Does anyone have recommendations or can tell us where to best find help or information? Or does anyone know a reliable provider? I’m really looking forward to your answers and wish you a nice day.
Best regards
Ralf
I think the budget will be quite tight.
In other threads, you usually see around €1,400 per square meter (11.50 sq ft), which for you would mean the house alone costs €168,000 (for 120 m² (1,292 sq ft) of living space). Then there are property transfer taxes and notary fees (possibly also real estate agent fees), which can add up to around 10% in additional purchase costs, amounting to €10,000 to €20,000 here.
This would mean only a few tens of thousands of euros remain for the land. I am not familiar with the Neuss district, but after briefly checking real estate listings, the plots there don’t seem particularly cheap.
Have you worked out your budget in detail, or how did you arrive at €205,000?
In other threads, you usually see around €1,400 per square meter (11.50 sq ft), which for you would mean the house alone costs €168,000 (for 120 m² (1,292 sq ft) of living space). Then there are property transfer taxes and notary fees (possibly also real estate agent fees), which can add up to around 10% in additional purchase costs, amounting to €10,000 to €20,000 here.
This would mean only a few tens of thousands of euros remain for the land. I am not familiar with the Neuss district, but after briefly checking real estate listings, the plots there don’t seem particularly cheap.
Have you worked out your budget in detail, or how did you arrive at €205,000?
Hello! Thanks for your feedback. We were looking for providers who offer prefabricated houses. You can find houses ready to move in for about 100,000 to 120,000 euros (approximately 110,000 to 130,000 USD). Unfortunately, these usually only include the house without the land. We saw a provider on ImmobilienScout offering a house including land in Jüchen for about 170,000 euros (around 188,000 USD). However, it was offered as a shell house. But I didn’t want to have to do all the work myself. We recently calculated the budget with an advisor at Interhyp. We could probably afford more, but it’s not wise to finance right up to the limit. We can contribute 15,000 to 20,000 euros (approximately 16,500 to 22,000 USD) in equity and also have a building savings contract currently worth 8,000 euros (about 8,850 USD) plus savings of around 4,000 euros (about 4,400 USD). We wanted to keep the total monthly cost including heating and utilities around 1,000 euros (about 1,100 USD), give or take. That’s why we set the total amount at 205,000 euros (around 227,000 USD). Anything beyond that seems too risky. Additional expenses would be challenging since my partner and I plan to have a child soon. Our total net income is about 3,000 euros (around 3,300 USD) per month.
P.S. We also have a car that needs to be maintained. Fuel costs are about 200 euros (around 220 USD) per month.
P.S. We also have a car that needs to be maintained. Fuel costs are about 200 euros (around 220 USD) per month.
I just recalculated everything. We would have about €1400 per month available, assuming we both stay in our jobs and no one becomes unemployed. In case one of us does become unemployed, there must be some way to get insurance so that we don’t immediately face financial difficulties. I would definitely make sure to arrange that.
S
Sebastian7927 May 2015 14:23Yes, these insurances also cost a fortune – they usually only benefit the insurer. And with one child and the stated salary, you barely have 1400 euros (about 1500 USD) left – now you are actually reaching your limit.
With that budget, you can forget about building a house all-inclusive with land in your area by 98%...
With that budget, you can forget about building a house all-inclusive with land in your area by 98%...
Similar topics