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?
Altai schrieb:
I’m sitting in the kitchen right now, enjoying the warm floor. Thanks to the gas heating system!Me too: thanks to gas and underfloor heating! 🙂
SumsumBiene10 Apr 2021 20:19Somehow, expert advice used to be more reliable. Over the past 15 years, I feel that you need at least a basic understanding in almost every area just to avoid being taken advantage of. That personally annoys me a lot because I sometimes don’t have the time or motivation for it.
That’s why I’m really grateful for forums like this.
…regarding the building plot in the neighboring village, we are initially cautious. It is located directly on the main road (commuter traffic to the nearest city) and is not yet serviced / developed — it still needs to be connected to the sewer system.
Two or three years ago, it was apparently offered for €35 per sqm (≈$35 per sqm).
That’s why I’m really grateful for forums like this.
…regarding the building plot in the neighboring village, we are initially cautious. It is located directly on the main road (commuter traffic to the nearest city) and is not yet serviced / developed — it still needs to be connected to the sewer system.
Two or three years ago, it was apparently offered for €35 per sqm (≈$35 per sqm).
SumsumBiene schrieb:
Somehow, the advice from professionals used to be more valuable back then. Over the past 15 years, I feel like you have to acquire at least a basic understanding in almost every area to avoid being taken advantage of. Personally, that really frustrates me because I sometimes don’t have the time or motivation for it.
That’s why I’m really grateful for forums like this. Loosely adapted from the movie *The Matrix* – "Ignorance is a kind of seeing."
SumsumBiene schrieb:
Not yet connected to utilities or still needs to be connected to the sewer system. So that’s 100% over the budget limit.
SumsumBiene10 Apr 2021 21:16Zaba12 schrieb:
Freely adapted from the movie The Matrix – “Ignorance is a kind of seeing”
Thus, 100% over the budget limitYes, we think so too, and honestly, it’s not really great.
Last year, there were residential building plots available within the town for 40 € (about $44). That can’t seriously be true, can it?
A local resident told us today that they wanted to buy a house for 400,000 € (about $440,000) through a real estate agent. A week later, they received a call saying that someone from Hamburg was willing to pay twice as much.
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