ᐅ Is the plot of land too expensive for your overall budget?
Created on: 13 Jun 2019 17:08
M
Mamahoch2M
Mamahoch213 Jun 2019 17:08Hello everyone!
I just registered because my husband and I are moving back to beautiful Lower Saxony from the Stuttgart area and are planning to build a house.
We have found a plot of land that we really like. This plot costs about 120,000€ (approximately $130,000). We have been thinking that our finished house, including all ancillary building costs, notary fees, the land, property transfer tax, and everything else involved, shouldn’t cost much more than 500,000€ (about $545,000). This would leave us some room for interior design like the bathroom, kitchen, flooring, and so on. Is this a realistic plan, or would it be wiser to look for a smaller plot?
This is all completely new to us, so I would really appreciate any helpful advice!
Best regards
I just registered because my husband and I are moving back to beautiful Lower Saxony from the Stuttgart area and are planning to build a house.
We have found a plot of land that we really like. This plot costs about 120,000€ (approximately $130,000). We have been thinking that our finished house, including all ancillary building costs, notary fees, the land, property transfer tax, and everything else involved, shouldn’t cost much more than 500,000€ (about $545,000). This would leave us some room for interior design like the bathroom, kitchen, flooring, and so on. Is this a realistic plan, or would it be wiser to look for a smaller plot?
This is all completely new to us, so I would really appreciate any helpful advice!
Best regards
B
boxandroof13 Jun 2019 17:54It depends on the requirements, but it should be doable. We built in Lower Saxony in 2017-2018, and the local general contractors started at around €1500 per m² (approximately $140 per sq ft) of living space, just for the turnkey house. Prices are now probably 10-20% higher.
Get a few quotes; many general contractors provide price lists for their catalog homes upon request. That way, you can get a better idea of the price range in your area.
Get a few quotes; many general contractors provide price lists for their catalog homes upon request. That way, you can get a better idea of the price range in your area.
N
nordanney13 Jun 2019 22:13Mamahoch2 schrieb:
This plot costs €120,000That’s not expensive yet. Check!Mamahoch2 schrieb:
back to beautiful Lower SaxonyBuilding costs there are also more reasonable than in some metropolitan areas.Mamahoch2 schrieb:
Is it realistic to do it like this?Yes – for that price you can get a nice house with land. And it can also be larger than 100sqm (1,080 sq ft), but it won’t be enough for a 300sqm (3,230 sq ft) villa. It depends on your preferences (architecture and finishes).