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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nils1985Dear 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!
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!
Rollo83 schrieb:
That would mean €220,000 - €50,000 land = €170,000
Minus 20% additional construction costs, so €142,000
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.
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