Hello everyone,
My wife and I are looking for a property. Since prices are very high in our area (Hamburg and surroundings), many options are often out of reach. Then we came across an ad where someone is looking for a building partner for a semi-detached house, with the project planned and approved. According to the listing, it has about 150 sqm (1,615 sq ft) of living space and a 300 sqm (3,229 sq ft) plot. The price is 490,000, turnkey except for painting, flooring, and landscaping.
Since neither my wife nor I have much experience, I wanted to ask if you could provide an estimate “from a distance” of what additional costs we might face until the house is truly ready to move into. It’s clear that a kitchen needs to be installed. But what would the remaining work approximately cost? We plan to hire professionals for all work, no DIY.
If this seems affordable for us, I probably have many more questions, but this is the most important for now.
My wife and I are looking for a property. Since prices are very high in our area (Hamburg and surroundings), many options are often out of reach. Then we came across an ad where someone is looking for a building partner for a semi-detached house, with the project planned and approved. According to the listing, it has about 150 sqm (1,615 sq ft) of living space and a 300 sqm (3,229 sq ft) plot. The price is 490,000, turnkey except for painting, flooring, and landscaping.
Since neither my wife nor I have much experience, I wanted to ask if you could provide an estimate “from a distance” of what additional costs we might face until the house is truly ready to move into. It’s clear that a kitchen needs to be installed. But what would the remaining work approximately cost? We plan to hire professionals for all work, no DIY.
If this seems affordable for us, I probably have many more questions, but this is the most important for now.
ypg schrieb:
In the metropolitan area around HamburgI found it. It seems to be the one with three options: buy the plot and build yourself, purchase the shell construction, or buy turnkey.Regarding your main question: with a semi-detached house, the only savings compared to a detached house are usually on the smaller plot of land. Possibly a few more savings if you share a portable toilet and temporary power supply on site.
Make sure to gather information about how the whole process will be handled. The location is very interesting.
P.S. According to the plans, it is a sloped site with a tall retaining wall. This is part of the landscaping and can become quite expensive.
renkoooooo schrieb:
If the whole thing seems affordable to us, I probably have many more questions,... which will hopefully be answered more actively than your participation in your own questions.R
renkoooooo24 Apr 2024 11:51ypg schrieb:
... which, hopefully, will receive more responses than your participation in your questions.We visited the site yesterday to take a look at the plot. In the evening, I was able to speak with the person who prepared the offer. Before that, unfortunately, I had no new updates.
It is actually a private individual who has "built several times before" and is looking for a building partner and apparently prepared the exposé. They have already received several enquiries but would preferably like to sell the land only and then build together. This is supposed to happen without a general contractor, as that would increase the costs, and they have obtained quotes from various trades for the offer. A buffer has already been included in the purchase price for a "turnkey house" in case it ends up being more expensive than expected.
For us, all of this seems too uncertain and is therefore probably not an option. What if we buy the land and the other party decides not to build after all? Or only in three years? And how long would construction take if the different trades have to wait for prior work from others? Or if suddenly construction costs rise, making financing difficult.
I would like to thank you for your answers and suggestions.