ᐅ 130 sqm detached house or single-family home within my budget of 220,000

Created on: 28 Jan 2016 13:43
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nils1985
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nils1985
28 Jan 2016 13:43
Dear Forum,

Before my wife and I get in over our heads, I have a question regarding what is possible with a budget of €220,000 plus €20,000 in equity.
We are planning a single-family house in the Bremen/Lower Saxony area. The living area should be around 130 sqm (1,400 sq ft). We do not yet have a plot of land. The land costs approximately €45,000 to €55,000, excluding additional fees. The budget must cover everything, from closing the door to moving in furniture.

Is it even possible to build a single-family house or a modular house within these parameters?
Based on my online research, I find it hard to imagine at the moment.
What construction period or overall timeline should be planned starting from the land purchase?
Which companies would be worth contacting?

Thank you in advance for your answers!
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Rollo83
28 Jan 2016 13:50
That would mean €220,000 - €50,000 for the plot = €170,000.

Building a house for €170,000? No way.
sirhc28 Jan 2016 14:00
A year ago, we were considering similar price ranges. Since then, we have done a lot of reading, learned a lot, and collected several quotes. And we now know that it is $100,000 more expensive than we thought a year ago. With a basement, however.
lastdrop28 Jan 2016 14:11
Rollo83 schrieb:
That would mean €220,000 - €50,000 land = €170,000

Minus 20% additional construction costs, so €142,000
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b54
28 Jan 2016 15:29
Building a house like this is unrealistic. Without any personal labor, I think you can estimate around 230,000-240,000 € just for the house in a single-family home style.
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jtm80
28 Jan 2016 15:41
As previous contributors have already mentioned, the budget is quite tight. How about considering a condominium? With your budget, you could get some really nice condominiums here in the Ruhr area—no idea how it is in your region—some of which even include a garden or shared garden access.