ᐅ Looking for affordable and reliable prefab home builders (lower budget).
Created on: 21 Aug 2019 04:59
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Wooden-Heart
Hello everyone,
We (from the beautiful and expensive Baden-Württemberg region) would like to realize our dream of owning our own home. We are planning a small single-family house with 2 children's rooms.
Now we are looking for the "affordable/good and common" prefabricated house suppliers.
Based on a suitable cost calculation, we have a budget of about 300,000 to 320,000 euros.
This includes the plot and all other costs, such as notary fees, utility connections, land transfer taxes, outdoor landscaping, concrete slab (if necessary), etc. (in other words, everything from site fencing to missing toilet brushes)—all costs included.
Since we are at the borderline of “almost impossible,” we are aware of the challenge.
Now it is our task to see whether the “almost impossible is actually possible.”
Roughly speaking, we can say: a plot without a slope (400 m² (4306 sq ft)) can be purchased here for around 100,000 euros.
--> This means a remaining budget of 200,000 to 220,000 euros for the house (including everything).
Who can simply name the “common prefabricated house suppliers” for us?
Danwood, Massa Haus, Town & Country, Heinz von Heiden, … what else is there that might fit into “our” price range?
Many thanks in advance, I’m curious to see if our wish is achievable or if we will have to look more towards resale properties.
Best regards,
Dominik
We (from the beautiful and expensive Baden-Württemberg region) would like to realize our dream of owning our own home. We are planning a small single-family house with 2 children's rooms.
Now we are looking for the "affordable/good and common" prefabricated house suppliers.
Based on a suitable cost calculation, we have a budget of about 300,000 to 320,000 euros.
This includes the plot and all other costs, such as notary fees, utility connections, land transfer taxes, outdoor landscaping, concrete slab (if necessary), etc. (in other words, everything from site fencing to missing toilet brushes)—all costs included.
Since we are at the borderline of “almost impossible,” we are aware of the challenge.
Now it is our task to see whether the “almost impossible is actually possible.”
Roughly speaking, we can say: a plot without a slope (400 m² (4306 sq ft)) can be purchased here for around 100,000 euros.
--> This means a remaining budget of 200,000 to 220,000 euros for the house (including everything).
Who can simply name the “common prefabricated house suppliers” for us?
Danwood, Massa Haus, Town & Country, Heinz von Heiden, … what else is there that might fit into “our” price range?
Many thanks in advance, I’m curious to see if our wish is achievable or if we will have to look more towards resale properties.
Best regards,
Dominik
M
Mottenhausen22 Aug 2019 00:07I say: it’s possible. But only with significant sacrifices in everyday life and a willingness to compromise on the property (location, size, features).
You have to completely give up major cost drivers like high-speed home internet, a mobile phone contract with a new smartphone every year, dining out (including delivery services), branded products during weekly grocery shopping, brand-name clothing (and shoes), and so on. Living costs need to be reduced to just above welfare benefit levels. Then, mathematically, the salary is sufficient.
Don’t get me wrong: I wouldn’t want to live like that either, but people should be free to make that decision for themselves. I believe there are those who would accept several years of hardship for the dream of owning a home. Currently, paying a mortgage of 1000 to 1500€ (about $1100 to $1650) with this income is a lot, but in 10 years at the latest, you’ll laugh at 1500€, because with that money you might just be able to rent a 45sqm (480 sq ft) studio apartment in cities.
But it’s also a fact that if something goes wrong in life—illness, divorce, or similar—there is no financial cushion, and you could end up filing for personal bankruptcy. In that case, you’d be in a much worse position than if you hadn’t pushed so hard to buy the house.
You have to completely give up major cost drivers like high-speed home internet, a mobile phone contract with a new smartphone every year, dining out (including delivery services), branded products during weekly grocery shopping, brand-name clothing (and shoes), and so on. Living costs need to be reduced to just above welfare benefit levels. Then, mathematically, the salary is sufficient.
Don’t get me wrong: I wouldn’t want to live like that either, but people should be free to make that decision for themselves. I believe there are those who would accept several years of hardship for the dream of owning a home. Currently, paying a mortgage of 1000 to 1500€ (about $1100 to $1650) with this income is a lot, but in 10 years at the latest, you’ll laugh at 1500€, because with that money you might just be able to rent a 45sqm (480 sq ft) studio apartment in cities.
But it’s also a fact that if something goes wrong in life—illness, divorce, or similar—there is no financial cushion, and you could end up filing for personal bankruptcy. In that case, you’d be in a much worse position than if you hadn’t pushed so hard to buy the house.
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readytorumble22 Aug 2019 07:20Wooden-Heart schrieb:
Currently, we earn together (my wife is on parental leave at the moment), so when she returns to part-time work, it will be about €3300 net (approximately $3500) per month... We are planning a repayment period of around 35 years with monthly installments of about €1100 (approximately $1170)...
ypg schrieb:
I think €3300 (approximately $3500) is too low for new homeownership.
Will you both be out of parental leave soon so that you can earn more?
Or did I misunderstand that when skimming your post? They will earn €3300 net (approximately $3500) after parental leave, meaning less income for now.
I also believe that this salary is not enough to afford building a new house.
Therefore, if I were pursuing the dream of a new house, I would first focus my energy on increasing income—applying for jobs, further training, and so on.
Well, it is possible. We have a quite similar income (also due to part-time work after parental leave) and have built a house. We took out a loan of 240,000 euros and pay about 950 euros per month in installments. Our own capital was just under six figures. As mentioned at the beginning of the thread, we built for under 350,000 euros (160 m² (1,722 sq ft), air-to-water heat pump, ventilation system, etc. + double garage). All inclusive, including the plot and landscaping. But as I said, we live in a very rural area, and the prices here are not comparable to prices in other regions. And I do agree with you that the original poster’s budget is insufficient and they will not get a house plus land for that amount. I also agree that the income is too low if the full 320,000 euros need to be financed with no equity. I just don’t like the general statements that a new build is basically impossible with this income… because for us it was/is possible.
(However, I should add that at the time of financing we were still childless and I was working full-time, so the income was not higher.)
(However, I should add that at the time of financing we were still childless and I was working full-time, so the income was not higher.)
Mottenhausen schrieb:
I say: it’s possible. With significant sacrifices in daily life and willingness to compromise on the property: (location, size, features).I would also say it’s possible, it will definitely be tight, and not much can go wrong, but it will work. I find this situation much more realistic than the 450,000 for 2,300 net... You rememberWooden-Heart schrieb:
I am realistic enough to reconsider all costs and prices three times and question every detail critically... You can turn prices over any way you want, that doesn’t help.
The problem is the costs you haven’t yet accounted for that suddenly appear as additional extras.
There is no real price guarantee and no guaranteed completion dates.