ᐅ Budget for Home Construction in the Bamberg Area

Created on: 28 Oct 2019 15:37
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Klab2000
Hello,

I have been planning a new build for two years and unfortunately ended up in a difficult situation. I have a somewhat unusual plot of land (681m² (7333 ft²), but rather long, narrow, and with a 2m (6.6 ft) elevation difference), a budget of 250,000€ (own capital), a girlfriend (children are somewhat planned), and my DIY skills are limited to the basics. At least I have a friend who is an architect.

I based my expectations on the prices for existing properties or prefabricated houses plus 100%. After a lot of back and forth, I currently have a solution for 300,000€, although you generally have to expect an additional 100,000€ in extra costs. So there is a difference of 150,000€ between my expectations and my bank account.

I am considering whether to build a tiny house myself or whether a partial build would make sense. For example, completing just the shell and the main rooms (kitchen bought secondhand, living room, bathroom) and waiting to finish the rest when I can afford it without stress. Or maybe an existing property? The mother of an acquaintance recently passed away.
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guckuck2
28 Oct 2019 18:49
I think your inheritance (?) is probably burning a hole in your pocket right now. €250,000 is a lot, a lot of money for someone who doesn’t earn any money otherwise. The last thing you should do right now is build a house.
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ypg
28 Oct 2019 21:48
Klab2000 schrieb:

A friend’s mother recently passed away.
My sincere condolences.
Klab2000 schrieb:

I’m not a fan of financing.
What do you mean?
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Klab2000
28 Oct 2019 21:49
danixf schrieb:

So you have an estimate of 300,000 EUR and prefer to budget 400,000 EUR to be on the safe side.
That means you are short 150,000 EUR for your approach. Now you want to buy only the essentials and move in so that you don’t exceed 250,000 EUR.

Why don’t you wait until the end of your studies? Why don’t you consider financing? And what exactly is your problem?

No, not an offer, but a cost estimate from my architect based on his volume calculation and the standardized cost estimate.

Regarding the rest, I won’t comment due to the latest posts by Tobibi and Bookstar. I think it’s turning into attempts at exposing someone. I agree with Tobibi’s assessment of the thread. It’s a pity, some comments like those from rick2018 or guckuck2 sound like things I would be willing to consider. Thanks already.
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Bookstar
28 Oct 2019 22:09
How old are you?
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hanse987
28 Oct 2019 22:41
Don’t forget, a house comes with maintenance costs! Taxes, insurance, …
Climbee29 Oct 2019 07:52
There is a lot of trolling here!