ᐅ How realistic are the advertised prices from the providers, and what additional costs should be expected?
Created on: 8 Jun 2024 05:55
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Bertram
Hello.
We are new to this field and are undecided between buying an existing property or a prefabricated house (solid construction).
Currently, the houses from different providers are listed on various real estate platforms, advertised as including the plot and turnkey delivery. It is clear that the prices stated are not realistic. The question is where the actual costs end up. Is it around 100,000 more? We need a 4-room house with at least 160 square meters (1722 square feet) plus a garage, and our budget is 570,000. In your opinion, is this feasible, even with somewhat higher-end finishes and more than 2 electrical outlets per room? ;-)
Good luck
We are new to this field and are undecided between buying an existing property or a prefabricated house (solid construction).
Currently, the houses from different providers are listed on various real estate platforms, advertised as including the plot and turnkey delivery. It is clear that the prices stated are not realistic. The question is where the actual costs end up. Is it around 100,000 more? We need a 4-room house with at least 160 square meters (1722 square feet) plus a garage, and our budget is 570,000. In your opinion, is this feasible, even with somewhat higher-end finishes and more than 2 electrical outlets per room? ;-)
Good luck
Tolentino schrieb:
Maybe it’s really the construction method. Something like Lechner solid house or Hebel?I actually think less so, since the question is about the offers from real estate portals and the background behind them. But it could be that these companies post many listings in TE’s area. I’m almost unfamiliar with them.
@Bertram?
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MachsSelbst8 Jun 2024 19:45To put this into perspective: Bathrooms, hallway, and kitchen total about 50m² (540 sq ft)? The upgrade from 20 to 40 EUR/m² (about 1.86 to 3.73 USD/sq ft) for the tiles amounts to an additional 1,000 EUR. The other costs—adhesive, grout, corner trims, and labor—remain the same.
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nordanney8 Jun 2024 23:56MachsSelbst schrieb:
To put this into perspective: bathrooms, hallway, and kitchen add up to about 50m² (540 sq ft)? The price increase from 20 to 40 EUR/m² (approximately 1.9 to 3.7 USD/sq ft) for the tiles means an additional 1,000 EUR. And depending on the format, there can be an extra 50 EUR (about 55 USD) or more for the installation work. Of course, the baseboards also become significantly more expensive. And if someone chooses a more modern or attractive tile format with nicer tiles, they often opt for stainless steel edge trims instead of corner-mounted tiles or plastic edge trims. Instead of 8mm (0.3 inches), they want modern narrow grout joints, and so on. Upgrading to current standards can be done everywhere. It’s not mandatory—but experience shows that in owner-occupied homes, people almost always want something modern. Otherwise, they could just continue living in their apartment with bahama beige…
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motorradsilke9 Jun 2024 09:50nordanney schrieb:
And depending on the size, there’s an additional charge of 50€ or more for the installation work. Naturally, the baseboards become significantly more expensive as well. And if you choose a more modern/more attractive size with better tiles, you might also prefer stainless steel edge trims instead of tiles glued at the corners or plastic corner trims. Instead of 8mm (0.3 inch) joints, modern narrow joints are preferred. And so on. You can upgrade to the latest standards everywhere. It’s not a must — but experience shows that in owner-occupied homes, people almost always want modern features. Otherwise, they could just continue living with bahama beige tiles in their apartment... Sorry, but you don’t build a house just to have modern tiles. Tiles that will be out of fashion again in 20 years.
A house reflects a way of life. It means a piece of freedom. It provides quality of life.
And that also works with 30x30cm (12x12 inch) tiles. Especially when money is limited. Of course, it’s nicer to fulfill all your wishes with your home. But that has only been possible for very few people over the last three years. And rather than not building a house at all, I’d choose to make compromises.
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nordanney9 Jun 2024 10:05motorradsilke schrieb:
And before I even build a house, I’ll just make compromises.... and when you read the threads here, I’m the first to say that building affordably is still possible today with the right expectations and attitude. But most homeowners, despite the high costs and interest rates, still insist that a basic finish simply isn’t an option. And then you can quickly generate a lot of extra costs, ending up with a “it’s normal that people have this” mindset.
A very recent example from another thread.
nordanney schrieb:
... and when you read the threads here, I’m the first to say that building affordably is still possible today with the right expectations and attitude.
Applause! That’s exactly what I mean. Everyone complains about TuC, TM, etc. But the fact is: it’s a house you can live in, and certainly better than a two-room social housing apartment. And secondly (I didn’t want to quote fully) maybe it’s time to go “back to basics” by choosing a manageable size (does it really have to be 160 square meters (1,722 square feet) just because your friend has 150?). And yes, semi-detached houses are also worth considering when land prices are ridiculously high.
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