Hello,
Actually, we have been looking for an existing property since last summer. According to our mortgage broker, we have a budget of around 300,000 (all-in), which a bank is likely to approve.
The market here in Schleswig-Holstein has also become very tight, and the houses on offer are often in need of renovation, so you easily exceed the budget (especially since many city dwellers laugh at our house prices and like to secure a holiday home here).
Now the question is whether it would be possible to build a house within our budget (assuming we can get a building plot). Our requirements are not very high; it doesn’t need to be a huge house. 120 square meters (1300 square feet) would be completely sufficient.
In a neighboring village, plots are currently being developed. The price isn’t fixed yet but is expected to be below 100 euros per square meter. The plots are about 700 square meters (7500 square feet) in size. Unfortunately, we have no experience with this topic at all, and I definitely don’t want to miscalculate.
We can only contribute limited personal labor. We are not unskilled, but both fully employed with a child, dog, and horse. What are your thoughts?
Actually, we have been looking for an existing property since last summer. According to our mortgage broker, we have a budget of around 300,000 (all-in), which a bank is likely to approve.
The market here in Schleswig-Holstein has also become very tight, and the houses on offer are often in need of renovation, so you easily exceed the budget (especially since many city dwellers laugh at our house prices and like to secure a holiday home here).
Now the question is whether it would be possible to build a house within our budget (assuming we can get a building plot). Our requirements are not very high; it doesn’t need to be a huge house. 120 square meters (1300 square feet) would be completely sufficient.
In a neighboring village, plots are currently being developed. The price isn’t fixed yet but is expected to be below 100 euros per square meter. The plots are about 700 square meters (7500 square feet) in size. Unfortunately, we have no experience with this topic at all, and I definitely don’t want to miscalculate.
We can only contribute limited personal labor. We are not unskilled, but both fully employed with a child, dog, and horse. What are your thoughts?
M
motorradsilke1 Jan 2021 20:46Our courtyard surface is permeable. The rainwater from the roof also infiltrates the ground.
A large cistern doesn’t make sense; we have our own well for garden irrigation.
A large cistern doesn’t make sense; we have our own well for garden irrigation.
H
Hausbautraum201 Jan 2021 20:47We built a rainwater cistern but still had to pay the city a four-figure sum for stormwater based on the floor area and plot size. However, this might be different in other states.
Since this payment was only a one-time fee, it technically doesn’t count as ongoing additional costs, so that part balances out.
Still, waste collection is cheaper in an apartment, TV reception is cheaper, property tax is lower, heating costs are reduced thanks to the neighbor’s heating (we literally never used the heating in our apartment!), and chimney sweeping is less expensive.
As for building maintenance services, it probably depends on the apartment; we had to clean our stairwell ourselves every four weeks.
Since this payment was only a one-time fee, it technically doesn’t count as ongoing additional costs, so that part balances out.
Still, waste collection is cheaper in an apartment, TV reception is cheaper, property tax is lower, heating costs are reduced thanks to the neighbor’s heating (we literally never used the heating in our apartment!), and chimney sweeping is less expensive.
As for building maintenance services, it probably depends on the apartment; we had to clean our stairwell ourselves every four weeks.
M
motorradsilke1 Jan 2021 20:57Hausbautraum20 schrieb:
We built a rainwater cistern but still had to pay the city a four-digit amount for stormwater fees based on the floor area and the plot size. However, it might be different in other states.
Since this payment was a one-time charge, it technically isn’t part of the ongoing additional costs, so that balances out.
Still, waste collection is cheaper for an apartment, TV reception is cheaper, property tax is lower, heating costs are reduced thanks to neighboring heating (in our apartment, we literally never used the heating!), and the chimney sweep costs less.
Regarding building caretaker services, it probably depends on the apartment; we had to clean our staircase ourselves every 4 weeks. For us, waste disposal is cheaper because by consistently sorting waste, I can save a lot. I only pay for the bins I put out for collection—which isn’t many.
I get TV reception at home via satellite, which doesn’t cost me anything monthly unless I want additional services.
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