ᐅ $250,000 – Implementation of the building plan including all additional costs?

Created on: 15 Sep 2013 00:29
C
Campino
Hello Housebuilding Forum,

I hope I’m not starting this thread too early and that I’ll be taken somewhat seriously, even though I don’t have much experience with housebuilding yet.

My partner and I are planning to move out of a rental soon and get our own home. Until now, the plan was mainly to buy a relatively new house. However, I didn’t want to completely rule out the possibility of building a new one and wanted to at least get some information.

So today we visited a show home and had a very pleasant conversation with an employee of a fairly well-known prefab house manufacturer (I’m not sure if I’m allowed or should post the name here).

We shared what we were looking for in an existing house, which also reflected our basic requirements for a prefab home. I also mentioned to the employee that on property websites like immowelt or my-next-home, new construction projects with land are often offered, since we don’t have a plot ourselves.
The employee took notes on our wishes.

Between 130 and 150 sqm (1,400 and 1,615 sq ft)
Plot between 400 and 600 sqm (4,300 and 6,450 sq ft)
Basement
Underfloor heating
Painter/turnkey delivery

We didn’t express any specific wishes regarding balconies, bay windows, or similar features; it was mainly an initial conversation for information. We don’t want a townhouse but rather a fairly “normal” one-and-a-half-story house with a pitched roof.
Our total budget was stated as 250,000 euros (about $270,000). The employee said that “you can do something with that” regarding what we imagined and that he could provide a non-binding offer.

After reading around a bit here, though: is this even realistic? Can we seriously plan to get a house with a plot in this size range within that budget?

According to the employee, all costs would be covered in this offer, including property taxes, additional construction costs, and site costs.

I would really appreciate your opinions...

Best regards
P
perlenmann
17 Sep 2013 08:32
Campino schrieb:
Hello building expert,

How is it possible that, for example, m*-Haus or A* can advertise new construction projects with designated plots on real estate portals, where the price includes the land? How is that handled?

In our case, entire parcels were purchased by general contractors (GCs), and then you are only allowed to build on the land with the GC.
B
Bauexperte
17 Sep 2013 11:12
Hello Perlenmann,
Perlenmann schrieb:
In our area, entire plots were bought by general contractors (GCs), and then you can only build on the property with that GC.
This also happens, but not with the requested red, blue, and green providers. They save that cost and freely promote other people’s plots.

Regards, Bauexperte
P
perlenmann
17 Sep 2013 11:25
If you mean the Stadt&Land provider? They had such ones with us.
Der Da17 Sep 2013 13:31
At this point, the companies could almost be named. Captain Obvious would approve.
Musketier17 Sep 2013 13:42
The franchiser was logical. I’m still wondering what the green company is.
B
Bauexperte
17 Sep 2013 13:48
Hello Perlenmann,
Perlenmann schrieb:
If you mean the Stadt&Land provider? They had those with us

They have not been part of the Stadt & Land group for quite some time and are financially strong enough that they have always purchased land plots. Your municipality probably doesn’t allow the sale of plots through external promoters either!

Best regards, Bauexperte