ᐅ Is Buying a House for up to €350,000 Realistic?

Created on: 1 Jun 2020 09:31
M
Mlt1402
Dear Forum,

We are about to purchase a plot of land (500m2 (5,382 sq ft)) and are trying to get an idea of the costs involved in building a house.

Our maximum budget for the house construction is €400,000, but since we want to have a safety margin, we initially set a budget of €350,000.

Our ideal house would have a pitched roof and a basement, with approximately 130m2 (1,400 sq ft) of living space—no frills, no luxury, but still modern.

We are unsure whether to go for a traditional masonry build or a prefabricated house. A well-known local company specializing in masonry construction quoted us costs of around €3,000 per m2 (€3,000 per 10.8 sq ft) as a basis for a “standard house.”

At first, this sounds quite expensive to me.

Since we could imagine contributing some work ourselves (with help from acquaintances and skilled friends), we hope to reduce costs somewhat this way.

Is it necessary to plan for €3,000 per m2 in any case? Even with prefabricated houses? I am also quite skeptical of the attractive offers in catalogues.

I would greatly appreciate your feedback.
S
Scout
19 Aug 2020 08:41
Q2 is sufficient for wallpapering. If you are only painting, it will probably be frustrating as long as it exceeds the level of HAR, especially after you have installed your lights at the end.
DaSch1719 Aug 2020 10:16
Scout schrieb:

Q2 is enough for wallpapering.

But that’s only sufficient for traditional woodchip wallpaper... you can forget about installing painting fleece.
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PyneBite
19 Aug 2020 13:14
I would also go with at least Q3.
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Ybias78
19 Aug 2020 13:35
PyneBite schrieb:

I would also choose at least Q3.

I'll take a look at it. If necessary, I'll have some colleagues (I'm Polish myself) come over from Poland to handle it.
kati133721 Aug 2020 08:46
Scout schrieb:

Without filling and sanding, presumably? How many m2 (square meters)?

Yes, with filling and sanding, but of course it doesn’t reach Q3 level. It’s just prepared enough to be properly wallpapered. So rather repairing small defects at Q2 level. I don’t know the exact square meters right now; our living area is 152m² (1634 sq ft).
Ybias78 schrieb:

Since we’re on the topic: We are building a turnkey house with interior plaster at Q2 quality. Does that require any further work, or is it enough to just paint over?

We also got Q2, and according to the painter, it’s actually good quality for Q2 plaster. We are leaving it as is in the utility room, but personally, it’s too rough for the living areas. The house will still settle over the next few years, and if you just paint, you’ll see every tiny crack. With wallpaper, you might get lucky and not notice everything immediately.
DaSch17 schrieb:

That’s only good enough for the classic textured wallpaper... Forget about using paintable fleece wallpaper.

Our painter uses “fleece fiber” wallpaper from Erfurt. It’s not as thin and has some texture. I definitely wouldn’t recommend a very thin paintable fleece wallpaper. You can try this at home: take a sample of thin paintable fleece wallpaper and place a grain of rice on a smooth table. Then put the fleece firmly over it. The bump looks much bigger than the original rice grain. Thin wallpapers behave similarly on not perfectly smooth walls. At least that’s what my site manager explained to me, and it makes sense to me.
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Mlt1402
22 Aug 2020 12:39
Topic KfW... we have received a rough cost estimate from a regional structural building company after a very positive discussion.

Now my question is... does it have to be KfW 40? We have to install a photovoltaic system anyway (requirement of the development plan). The additional cost for KfW 40 would be €23,000. Financially, that wouldn’t really make sense, or am I missing something?

3D house with gray facade, dark pitched roof, and bay window; below cost list.