Hello!
First of all: These are just my initial thoughts, not concrete building plans, and I don’t have a plot of land yet.
I like the idea of a small house for a single person and a minimalist lifestyle. I’m thinking of around 70sqm (750 sq ft), a simple rectangular layout, solid but basic (let’s say manual light switches, standard windows, small bathroom, small kitchen, etc.).
Land prices here range from 100 to 250€/sqm (I’m estimating around 120,000€).
I already have a financing commitment of 300,000€, my net income is 3,300€, my equity is quite low at 30,000€, my home savings contract currently has only 8,000€, and I’m 34 years old.
Is it realistic to achieve the dream of owning a house with a budget of 300,000€? Realistically, only about 150,000€ would be left for the house itself. Is it possible to build something simple with that? And how do you get started? Should I look for a plot first and then go to an architect?
So far, I’ve only found price information for houses over 120sqm (1300 sq ft), but that’s not an option for me alone.
First of all: These are just my initial thoughts, not concrete building plans, and I don’t have a plot of land yet.
I like the idea of a small house for a single person and a minimalist lifestyle. I’m thinking of around 70sqm (750 sq ft), a simple rectangular layout, solid but basic (let’s say manual light switches, standard windows, small bathroom, small kitchen, etc.).
Land prices here range from 100 to 250€/sqm (I’m estimating around 120,000€).
I already have a financing commitment of 300,000€, my net income is 3,300€, my equity is quite low at 30,000€, my home savings contract currently has only 8,000€, and I’m 34 years old.
Is it realistic to achieve the dream of owning a house with a budget of 300,000€? Realistically, only about 150,000€ would be left for the house itself. Is it possible to build something simple with that? And how do you get started? Should I look for a plot first and then go to an architect?
So far, I’ve only found price information for houses over 120sqm (1300 sq ft), but that’s not an option for me alone.
Schimi1791 schrieb:
If you want to resell such a small house, the target group is probably seniors looking to downsize. Children have moved out, the house is now too big ...
All of us here, so to speak, in a few decades 🙂I’m thinking more about a single person who wants to own property but wants to avoid annoying homeowner association meetings and nagging landlords.
My brother-in-law had a house like that, just under 80m² (860 sq ft), until he moved in with his new partner.
He had bought it a few years earlier from a lesbian couple.
He was able to sell the house easily, but it is located in a desirable major city.
You can still sell these quite well there. I imagine it would be much more difficult in a village or small town.
W
WilderSueden22 Feb 2021 19:05Ysop*** schrieb:
Here, seniors are living in the penthouse apartment with an elevator 😎 They don’t feel like maintaining a garden anymore.It really depends on what you feel like. When you’re older, you have plenty of time every day. It doesn’t matter if you only spend a little time in the garden each day and then sit on the terrace with a book. I’m pretty sure that when my parents eventually move out of their house, a penthouse apartment won’t be an option either—it will be straight to a care home.Regarding the project itself... I assume the ’87 is your birth year and you’re about the same age as me? For such a tiny house, your life plans can’t change much anymore. I see more possibilities with an existing house (even though that involves some risk and a lot of work) or a tiny house (either mobile or designed for transport on a low-loader) that you fix on a plot with a building permit / planning permission. Of course, it’s not easy to align this with regular building regulations.
I wouldn’t let arguments like “hard to sell later,” “too small,” or “not feasible” stop me from realizing the dream of a small house for 300. Just go for it.
Buy a plot of land first. Then see what’s possible. A plot is never a wasted investment; in most cases, it’s a capital asset. I know what I’m talking about because back in 2013 we had a plot intended for building. Plans changed, and we decided to build somewhere else instead, yet we sold it quickly and with a good profit despite taxes—within four days!
Next, I would approach a local masonry contractor and present my ideas, have them calculate the costs, and build with a small local company. Why? You get custom solutions, usually know the real final price from the start, and you’re not left alone after moving in if any issues come up. Generally, these small businesses are not more expensive than big chains or franchise companies, which have to cover representatives, large brochures, many site managers, and so on.
Get started. First the land, then a house on that land.
Buy a plot of land first. Then see what’s possible. A plot is never a wasted investment; in most cases, it’s a capital asset. I know what I’m talking about because back in 2013 we had a plot intended for building. Plans changed, and we decided to build somewhere else instead, yet we sold it quickly and with a good profit despite taxes—within four days!
Next, I would approach a local masonry contractor and present my ideas, have them calculate the costs, and build with a small local company. Why? You get custom solutions, usually know the real final price from the start, and you’re not left alone after moving in if any issues come up. Generally, these small businesses are not more expensive than big chains or franchise companies, which have to cover representatives, large brochures, many site managers, and so on.
Get started. First the land, then a house on that land.
Schimi179122 Feb 2021 19:53Ysop*** schrieb:
... No longer want to deal with garden maintenanceWell ... tiny house needs a tiny lot.In older age, a bungalow that is planned with some foresight, why not? Or really for the "eternal single." Everything should be possible.
So, I can definitely see target groups 🙂
N
nordanney22 Feb 2021 20:07WilderSueden schrieb:
or simply a tiny house (mobile or on a low loader)That’s quite common in the US...Just today in the newspaper from San Francisco. The move costs only €330,000 (approximately $350,000).