Hello,
a few words about our background:
There are two of us at the moment, but we are planning to have 1–2 children in the next few years. We live in Munich and would like to buy our own home. Our budget is 550,000 euros. Good access to the subway/metro is very important to us.
Over the past few months, we have been mainly looking at 4-room apartments and townhouses. If we buy an apartment, the plan is to possibly exchange it for a house in a few years, or buy a house and rent out the apartment.
A corner townhouse in the city area of Munich is not an option with this budget.
Now we have received an initially very attractive offer for a 10-year-old mid-terrace townhouse with a small garden. The price is well below our budget, the location is excellent, the house is in very good condition and has high-quality features. There is only one point that makes us a bit uncertain: The house has only about 80 square meters (860 square feet) of living space spread over 3 floors plus a basement.
Question: Do you have experience with such small terraced houses? What is it like to live in one? Are there any points we should consider?
For this property, the idea would also be to live there ourselves for a few years and possibly later exchange it for something larger or buy something bigger and rent out this property.
I would be very grateful for your advice.
Best regards,
Sebastian
a few words about our background:
There are two of us at the moment, but we are planning to have 1–2 children in the next few years. We live in Munich and would like to buy our own home. Our budget is 550,000 euros. Good access to the subway/metro is very important to us.
Over the past few months, we have been mainly looking at 4-room apartments and townhouses. If we buy an apartment, the plan is to possibly exchange it for a house in a few years, or buy a house and rent out the apartment.
A corner townhouse in the city area of Munich is not an option with this budget.
Now we have received an initially very attractive offer for a 10-year-old mid-terrace townhouse with a small garden. The price is well below our budget, the location is excellent, the house is in very good condition and has high-quality features. There is only one point that makes us a bit uncertain: The house has only about 80 square meters (860 square feet) of living space spread over 3 floors plus a basement.
Question: Do you have experience with such small terraced houses? What is it like to live in one? Are there any points we should consider?
For this property, the idea would also be to live there ourselves for a few years and possibly later exchange it for something larger or buy something bigger and rent out this property.
I would be very grateful for your advice.
Best regards,
Sebastian
K
Katha-rinna31 Jan 2016 20:55Hello. I am currently looking for a larger but affordable owner-occupied house. There are four of us and we need plenty of space. At the moment, we are in talks with a certain developer.
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They offer properties in Munich. As you mentioned yourself, 80 m² (860 sq ft). Well, it depends on how everything is laid out, but it will definitely be tight... You also have so much stuff. Think carefully about it! Best regards
The link has been removed by moderation
They offer properties in Munich. As you mentioned yourself, 80 m² (860 sq ft). Well, it depends on how everything is laid out, but it will definitely be tight... You also have so much stuff. Think carefully about it! Best regards
H
HilfeHilfe1 Feb 2016 07:30How about the amount of green space?
We ourselves, with four people, have 120 sq meters and about 170 sq meters of green space. In winter, everything happens in the living room anyway, which has a play area, fireplace, etc. It is also 40 sq meters (including the open kitchen). In summer, the terrace doors are open and the garden is full of activity.
We ourselves, with four people, have 120 sq meters and about 170 sq meters of green space. In winter, everything happens in the living room anyway, which has a play area, fireplace, etc. It is also 40 sq meters (including the open kitchen). In summer, the terrace doors are open and the garden is full of activity.
My impression of the Munich market is that you should ideally know what you want and what you can afford even before responding to a listing. An extreme case (with a friend who was looking for a condominium) was that within about 3 hours (!) after publication on a portal, no more applications were accepted because there were already enough interested parties. In other words: if a buyer hesitates or delays, the seller will likely choose someone from the usually longer waiting list who is more decisive.
If your offer stays on the market for a relatively long time, this could indicate low attractiveness or some kind of issue. Whether the distribution of "only" 80 sqm (860 sq ft) over three floors is a drawback for you, or if you can live with such compromises in the heated Munich market, is something you will have to decide for yourselves.
If your offer stays on the market for a relatively long time, this could indicate low attractiveness or some kind of issue. Whether the distribution of "only" 80 sqm (860 sq ft) over three floors is a drawback for you, or if you can live with such compromises in the heated Munich market, is something you will have to decide for yourselves.