Hello,
I have a rather general question:
Is it possible to build a good, acceptable house with around €300,000, assuming I already have €100,000 of that as equity and would take out a loan for the rest?
The location should be near Stuttgart. I am still very inexperienced (I’m young), but I would like to build my own house. So I’m wondering if this would be feasible in the future.
What are your experiences? Do you have any good books or guides for building your own house? I’ve already searched online, but there is so much information that I’m having trouble finding a clear path.
Thank you in advance!
I have a rather general question:
Is it possible to build a good, acceptable house with around €300,000, assuming I already have €100,000 of that as equity and would take out a loan for the rest?
The location should be near Stuttgart. I am still very inexperienced (I’m young), but I would like to build my own house. So I’m wondering if this would be feasible in the future.
What are your experiences? Do you have any good books or guides for building your own house? I’ve already searched online, but there is so much information that I’m having trouble finding a clear path.
Thank you in advance!
I think you can apply this to almost any booming region or city with increasing demand and a positive outlook. We observed this clearly in Cologne as well. There’s basically nothing available, and when something does come on the market that’s at least somewhat profitable, it’s gone within 24 hours or immediately marketed together with a house. And in areas where the price initially sounds attractive, you really don’t want to live there—or even bury your dog there.
In Hürth, right on the city outskirts, no new construction is happening, and when a plot from existing properties is offered, it’s mostly auctioned. For fun, we looked at prices up to 600 euros per square meter (about 56 dollars per square foot).
After that, you can strategize nicely: the further out you go, the cheaper it gets. The price noticeably drops once it takes more than 30 minutes by car to reach Cologne, or when you can no longer realistically consider public transportation to Cologne (for example, one train per hour that also takes around an hour to get to Cologne).
In Hürth, right on the city outskirts, no new construction is happening, and when a plot from existing properties is offered, it’s mostly auctioned. For fun, we looked at prices up to 600 euros per square meter (about 56 dollars per square foot).
After that, you can strategize nicely: the further out you go, the cheaper it gets. The price noticeably drops once it takes more than 30 minutes by car to reach Cologne, or when you can no longer realistically consider public transportation to Cologne (for example, one train per hour that also takes around an hour to get to Cologne).
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Peanuts744 Apr 2016 07:14I don’t understand why some people assume that everyone necessarily wants to move to a city. Many people can live very well without noise, traffic jams, exhaust fumes, and so on...
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Peanuts744 Apr 2016 07:59Who says you have to live in the city to work there?
I prefer to drive half an hour to work and enjoy a quieter living environment.
I also worked in Munich for a while but lived in Oberschleißheim.
My colleagues who lived directly in Munich often took longer with the S-Bahn and the few hundred meters on foot plus waiting time than I did.
It’s the same now: it takes me less than 15 minutes to get to the city limits, but at least 15 minutes to get from there to the company, and during rush hour it can easily take 30 minutes or even longer in extreme cases.
In other words, living on the city outskirts would not benefit me much, yet it would be more expensive and far less idyllic than living in a town of 15,000 inhabitants right on the edge of the forest.
And there I also have access to all kinds of supermarkets, doctors, schools, daycare centers, trains, buses, and so on.
I can understand that at 18 you might want to go out almost every evening, but usually people don’t build a house at that age.
I prefer to drive half an hour to work and enjoy a quieter living environment.
I also worked in Munich for a while but lived in Oberschleißheim.
My colleagues who lived directly in Munich often took longer with the S-Bahn and the few hundred meters on foot plus waiting time than I did.
It’s the same now: it takes me less than 15 minutes to get to the city limits, but at least 15 minutes to get from there to the company, and during rush hour it can easily take 30 minutes or even longer in extreme cases.
In other words, living on the city outskirts would not benefit me much, yet it would be more expensive and far less idyllic than living in a town of 15,000 inhabitants right on the edge of the forest.
And there I also have access to all kinds of supermarkets, doctors, schools, daycare centers, trains, buses, and so on.
I can understand that at 18 you might want to go out almost every evening, but usually people don’t build a house at that age.
Peanuts74 schrieb:
I don’t understand why some people assume that everyone wants to move to a city? Many people can live very well without noise, traffic jams, exhaust fumes, etc.…Who, for example? Today, you can draw a 20 km (12 miles) radius around any larger city and find similar conditions. We are also moving out to the countryside but can still reach the city center within 30 minutes by car or train.
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Bieber08154 Apr 2016 22:14Peanuts74 schrieb:
I don’t understand why some people assume that everyone wants to move to a city. Many people can live perfectly well without noise, traffic jams, exhaust fumes, and so on...Peanuts74 schrieb:
I’d rather drive half an hour by carThat should be enough material for a 10-page discussion, right? *grabs popcorn*