ᐅ Two-family house: building, buying, solid construction, or prefabricated?
Created on: 12 Dec 2010 19:32
D
Dobermann0812D
Dobermann081212 Dec 2010 19:32Hello,
I just came across this forum and have already done some reading, but I need some advice.
To begin with, the plan is for four people (two couples) to buy or build a two-family house together.
Now the question is how we should best proceed. Apart from this plan and the fact that both parties agree on important aspects of living together in one house, we are starting from scratch.
There is no time pressure for the purchase or build.
We are now wondering whether it is generally better to buy a house or to build one ourselves (we are mostly aware of the pros and cons of each option).
The deciding factors will probably be the total cost and location.
Together, the budget should not exceed around 350,000 (plus or minus). We are looking in Hilden or Erkrath (near Düsseldorf).
Some initial advice on how to proceed would be great.
It is clear that this will be our own home.
Is anything realistic within this price range?
The expectations for the home are not luxurious but rather in line with a “normal” standard.
It is important that both parties have at least good 100 sqm (1,076 sq ft) of space and 3-4 rooms. A garden should definitely be included, but it does not have to be large. It should, however, be possible to invite a few people for a barbecue.
I look forward to any suggestions.
Best regards,
Dobermann0812
I just came across this forum and have already done some reading, but I need some advice.
To begin with, the plan is for four people (two couples) to buy or build a two-family house together.
Now the question is how we should best proceed. Apart from this plan and the fact that both parties agree on important aspects of living together in one house, we are starting from scratch.
There is no time pressure for the purchase or build.
We are now wondering whether it is generally better to buy a house or to build one ourselves (we are mostly aware of the pros and cons of each option).
The deciding factors will probably be the total cost and location.
Together, the budget should not exceed around 350,000 (plus or minus). We are looking in Hilden or Erkrath (near Düsseldorf).
Some initial advice on how to proceed would be great.
It is clear that this will be our own home.
Is anything realistic within this price range?
The expectations for the home are not luxurious but rather in line with a “normal” standard.
It is important that both parties have at least good 100 sqm (1,076 sq ft) of space and 3-4 rooms. A garden should definitely be included, but it does not have to be large. It should, however, be possible to invite a few people for a barbecue.
I look forward to any suggestions.
Best regards,
Dobermann0812
B
Bauexperte12 Dec 2010 19:58Hello,
Best regards
Dobermann0812 schrieb:EUR 230,000 for a semi-detached house _without_ and EUR 270,000 _with_ a basement for a new build with 100 sqm (1,080 sq ft) per party as a KfW 70 energy-efficient house – now you just need to find a suitable plot within the desired total amount in Erkrath/Hilden/Langenfeld/Monheim, etc... 😉
The decisive factor will probably be the total amount and location. Together, it should not exceed approximately EUR 350,000 (+/-). The search is for Hilden or Erkrath (near Düsseldorf)...
It is only important that both parties have at least 100 sqm (1,080 sq ft) of living space and 3-4 rooms.
Best regards
D
Dobermann081213 Dec 2010 08:03Hello Building Expert,
Thank you for your reply. Perhaps you could explain your answer in a bit more detail. From what I understand, you are offering a new build for both parties, either with or without a basement?
Is it either 230 or 270? What does TEURO mean? 😕
As I mentioned, we are completely inexperienced in this area.
Maybe it should also be mentioned that the stated amount of around 350,000 +/- is supposed to include notary fees, land purchase, etc.
Could you please clarify your statement? You can also send me a private message.
Best regards,
Dobermann
Thank you for your reply. Perhaps you could explain your answer in a bit more detail. From what I understand, you are offering a new build for both parties, either with or without a basement?
Is it either 230 or 270? What does TEURO mean? 😕
As I mentioned, we are completely inexperienced in this area.
Maybe it should also be mentioned that the stated amount of around 350,000 +/- is supposed to include notary fees, land purchase, etc.
Could you please clarify your statement? You can also send me a private message.
Best regards,
Dobermann
B
Bauexperte13 Dec 2010 10:19Hello,
At the moment, I only know of one plot in Erkrath that would meet your requirements => corresponding building envelope (Baufenster) <= without you having to pay for the demolition of an existing old property (see Immobilienscout under Exposé 55712064). Accordingly, the calculation would be: 162,000 EUR for the land, 7,500 EUR for brokerage fees, 30,000 EUR for incidental costs – leaving 150,500 EUR for the two-family house. Realistically, you must have around 230,000 EUR left for the two-family house _without_ a basement, assuming 100 sq m (1,076 sq ft) per unit; minus the incidental costs, so you need to find a plot that does not exceed 90,000 EUR, has an appropriate building envelope, and also allows your preferred development with a two-family house.
Kind regards
Dobermann0812 schrieb:I have presented both options to you in terms of price as they are commonly offered by reputable providers in the market.
so I understand that you are offering a new build for both parties, with or without a basement!?
Dobermann0812 schrieb:Thousand EUROs, meaning 230,000.00 / 270,000.00.
…Either 230 or 270? What does TEURO mean? As I said, we are completely inexperienced in this area.
Dobermann0812 schrieb:The amount you mentioned for the planned construction project does not include those costs, especially not if additional expenses (incidental costs) are to be covered. Hilden and/or Erkrath are expensive locations when it comes to land, unless you consider the surrounding areas as well.
…Maybe it should also be mentioned that the quoted amount of around 350,000 +/- is supposed to include notary fees, land, etc.
At the moment, I only know of one plot in Erkrath that would meet your requirements => corresponding building envelope (Baufenster) <= without you having to pay for the demolition of an existing old property (see Immobilienscout under Exposé 55712064). Accordingly, the calculation would be: 162,000 EUR for the land, 7,500 EUR for brokerage fees, 30,000 EUR for incidental costs – leaving 150,500 EUR for the two-family house. Realistically, you must have around 230,000 EUR left for the two-family house _without_ a basement, assuming 100 sq m (1,076 sq ft) per unit; minus the incidental costs, so you need to find a plot that does not exceed 90,000 EUR, has an appropriate building envelope, and also allows your preferred development with a two-family house.
Kind regards
D
Dobermann081213 Dec 2010 21:02Hello building expert,
At first, it sounds like the idea of building a house in this area might not be feasible. What do you mean by the "wider surroundings"? We don’t mind a quiet location, but we don’t want to have only flat land all around us.
I have deliberately stated the available budget somewhat conservatively to allow some flexibility for unforeseen expenses.
Do you or others have any alternative ideas regarding purchasing a home? As mentioned, we are still in the brainstorming phase and open to everything.
Perhaps buying a completed house might be more worthwhile after all. Based on your experience, would that be an option to consider?
What about prefabricated houses? Could that possibly be an alternative?
Best regards,
Dobermann
At first, it sounds like the idea of building a house in this area might not be feasible. What do you mean by the "wider surroundings"? We don’t mind a quiet location, but we don’t want to have only flat land all around us.
I have deliberately stated the available budget somewhat conservatively to allow some flexibility for unforeseen expenses.
Do you or others have any alternative ideas regarding purchasing a home? As mentioned, we are still in the brainstorming phase and open to everything.
Perhaps buying a completed house might be more worthwhile after all. Based on your experience, would that be an option to consider?
What about prefabricated houses? Could that possibly be an alternative?
Best regards,
Dobermann
B
Bauexperte14 Dec 2010 16:02Hello,
Not necessarily, you just need to adapt your wishes to the budget you have available.
The Mettmann district, for example Langenfeld-Wiescheid; Haan-Gruiten or similar areas – just take a look at the well-known real estate portals.
My tip: contact the property offices of DDF and/or Erkrath directly – municipal properties are often cheaper than those sold on the open market; very important: you also save the broker’s commission, currently still 3.54% including VAT.
Honestly? – not really, if you mean a developer project – you pay property transfer tax on both the house and the land in this deal.
Where it starts to get interesting price-wise with an existing property, you usually have to invest a lot of money in renovations in return; if the price is about right, you can build new “with relatively low additional costs” – with the advantage that you build a house according to the latest technical standards. Apart from the “cream of the crop” – those are quite rare…
It is a misconception that good prefab houses are cheaper than traditionally built solid houses; the same applies to the construction duration, by the way. Your house only goes into production once the building permit / planning permission is granted – by that time, the conventional shell structure is usually already built. During the interior finishing, both methods are then equally slow or fast.
So, either an existing property, knowing that you have to budget for renovation costs (do not buy without a professional survey), or build somewhat further out in rural areas and possibly reduce the size requirements of the house – whether prefab or solid construction.
Best regards
Dobermann0812 schrieb:
…at first, it sounds like building a house in this area might not be feasible.
Not necessarily, you just need to adapt your wishes to the budget you have available.
Dobermann0812 schrieb:
…What do you mean by ‘further surroundings’? We don’t mind a quiet spot, but we don’t want to be surrounded only by flat land.
The Mettmann district, for example Langenfeld-Wiescheid; Haan-Gruiten or similar areas – just take a look at the well-known real estate portals.
My tip: contact the property offices of DDF and/or Erkrath directly – municipal properties are often cheaper than those sold on the open market; very important: you also save the broker’s commission, currently still 3.54% including VAT.
Dobermann0812 schrieb:
…Maybe buying a finished house would be more worthwhile after all. Would that be something to consider based on your experience?
Honestly? – not really, if you mean a developer project – you pay property transfer tax on both the house and the land in this deal.
Where it starts to get interesting price-wise with an existing property, you usually have to invest a lot of money in renovations in return; if the price is about right, you can build new “with relatively low additional costs” – with the advantage that you build a house according to the latest technical standards. Apart from the “cream of the crop” – those are quite rare…
Dobermann0812 schrieb:
…What about prefab houses, could that be an alternative?
It is a misconception that good prefab houses are cheaper than traditionally built solid houses; the same applies to the construction duration, by the way. Your house only goes into production once the building permit / planning permission is granted – by that time, the conventional shell structure is usually already built. During the interior finishing, both methods are then equally slow or fast.
So, either an existing property, knowing that you have to budget for renovation costs (do not buy without a professional survey), or build somewhat further out in rural areas and possibly reduce the size requirements of the house – whether prefab or solid construction.
Best regards
Similar topics