Hello everyone 🙂
In recent days, I have been thinking more about the idea of building a house. It’s basically decided that my girlfriend and I definitely want to own our own home in the future. The question of whether to buy an existing house or to build one keeps coming up. We regularly check the usual property websites to get an overview of the homes currently available in the nearby area (Mülheim an der Ruhr). Since the market situation has been, to put it mildly, "more challenging" for some time now, this raises my question. While browsing these property sites, I often find at least 2-3 issues with the houses listed that, in my opinion, would be deal-breakers 😀
Therefore, to what extent should preparatory work or efforts be made before starting a building project?
I hope my question doesn’t sound too “stupid”! 😱
In recent days, I have been thinking more about the idea of building a house. It’s basically decided that my girlfriend and I definitely want to own our own home in the future. The question of whether to buy an existing house or to build one keeps coming up. We regularly check the usual property websites to get an overview of the homes currently available in the nearby area (Mülheim an der Ruhr). Since the market situation has been, to put it mildly, "more challenging" for some time now, this raises my question. While browsing these property sites, I often find at least 2-3 issues with the houses listed that, in my opinion, would be deal-breakers 😀
Therefore, to what extent should preparatory work or efforts be made before starting a building project?
I hope my question doesn’t sound too “stupid”! 😱
Ysop*** schrieb:
Unfortunately, this is the reality 🙁 Yesterday’s newspaper had an article titled "The hopeless dream of owning a home," which states that the homeownership rate is declining. Prices are rising faster than wages.It’s obvious that this topic isn’t "that simple," especially if you don’t have a lot of money readily available. 🙁 🙁
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nordanney7 Jan 2021 15:02Ysop*** schrieb:
Unfortunately, that is the reality 🙁 Yesterday’s newspaper had the headline "The hopeless dream of owning a home," stating that homeownership rates are declining. Prices are rising faster than wages.Alternative facts 😎 : Homeownership rates by federal states as of 2018. It was only in 2020 that the rate fell for the first time since 1993, in reference to Germany.Therefore, I wouldn’t call the dream hopeless.
nordanney schrieb:
Alternative facts 😎 : Homeownership rates by federal states as of 2018. Only in 2020 did the rate fall for the first time since 1993, referring to Germany.
Therefore, I would not consider the dream hopeless.I just looked up the average cost per square meter for Mülheim, and that changes the perspective again. In that case, 2000€/sqm (about $185/sq ft) would actually be a dream.
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nordanney7 Jan 2021 15:40criberg schrieb:
I just looked up the average cost per square meter for Mülheim, and that really changes my perspective. €2,000 per square meter would actually be a dream. For apartments, the land share is also included.
But in 2019, about 70% of all apartments were sold for less than €2,000 per square meter. There are affordable apartments as well. Only 9 apartments were sold for more than €3,500 per square meter (figures according to the expert committee).
nordanney schrieb:
For apartments, the land share is also included.
But in 2019, about 70% of all apartments were sold for less than €2,000 per square meter (sq m) (approximately $185 per sq ft). There are also affordable apartments. Only 9 apartments sold for more than €3,500 per sq m (around $325 per sq ft) (figures according to the expert committee). Specifically referring to Mülheim? Where did you get the data from?
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nordanney7 Jan 2021 16:20criberg schrieb:
Specifically related to Mülheim? Where did you get that data from?Yes. Just google "boris nrw." There you can find the standard land values and also the land market report for the city of Mülheim. By the way, it’s available for the whole state of NRW as well.Similar topics