Hey hey,
I’m new here and have a question for you.
We recently built a house in a nice new development in beautiful Bavaria. Unfortunately, the building plot is located on a busy main road through the town, which we admittedly underestimated beforehand.
The situation is that we have been struggling with the road noise for months (actually since the very beginning). It’s a constant up and down every day. The fact is, the traffic is sometimes so loud that it wakes us up in the morning or is even audible while watching TV. Especially trucks or motorcycles. It’s really starting to get on our nerves and is very draining mentally. Plus, we just weren’t used to this from our previous apartment. So we can’t really settle in properly. It’s wearing us down slowly but surely, and we simply don’t feel comfortable here. I’m not exaggerating when I say it’s a psychological burden over time.
The reason we chose this plot in the first place was simply due to the lack of alternatives. And we thought we wouldn’t hear the road noise. In hindsight, that was a mistake. You have to be very lucky to find something affordable in a perfect location here.
But now we are actually lucky… we were offered an affordable building plot in a completely quiet area of a new development with a great view and good infrastructure. The plot is closer to our jobs, has the same size, a reasonable price, and above all offers one thing: the prospect of absolute peace (apart from future neighbors, of course). The plot was offered to us by the local council, where we had applied years ago without success. Ironically, now that we have just built but don’t really feel at home here, we received an offer from the council.
So we are seriously considering going through the house-building adventure again and giving it another shot. This would mean financing the plot through the bank, selling our current house, and building on the new plot within the next 3 years. Apart from the renewed construction stress… we do feel somewhat uneasy, especially because of the financial risk. Although with the new house, we expect to come out significantly cheaper (we estimate €50,000–60,000 less), because the plot is easier to build on and the construction would also be less complex (for example, a gable roof instead of a hipped roof, slightly smaller exterior dimensions, etc.).
So we are facing a choice: try to accept the situation here or build new again and correct the mistake! What would you do in our place? As I said, the noise issue is wearing us down in the long run, and we don’t believe it can be permanently resolved. Has anyone had similar experiences? What pitfalls should we watch out for if we decide to go this route? How would you proceed?
I’m new here and have a question for you.
We recently built a house in a nice new development in beautiful Bavaria. Unfortunately, the building plot is located on a busy main road through the town, which we admittedly underestimated beforehand.
The situation is that we have been struggling with the road noise for months (actually since the very beginning). It’s a constant up and down every day. The fact is, the traffic is sometimes so loud that it wakes us up in the morning or is even audible while watching TV. Especially trucks or motorcycles. It’s really starting to get on our nerves and is very draining mentally. Plus, we just weren’t used to this from our previous apartment. So we can’t really settle in properly. It’s wearing us down slowly but surely, and we simply don’t feel comfortable here. I’m not exaggerating when I say it’s a psychological burden over time.
The reason we chose this plot in the first place was simply due to the lack of alternatives. And we thought we wouldn’t hear the road noise. In hindsight, that was a mistake. You have to be very lucky to find something affordable in a perfect location here.
But now we are actually lucky… we were offered an affordable building plot in a completely quiet area of a new development with a great view and good infrastructure. The plot is closer to our jobs, has the same size, a reasonable price, and above all offers one thing: the prospect of absolute peace (apart from future neighbors, of course). The plot was offered to us by the local council, where we had applied years ago without success. Ironically, now that we have just built but don’t really feel at home here, we received an offer from the council.
So we are seriously considering going through the house-building adventure again and giving it another shot. This would mean financing the plot through the bank, selling our current house, and building on the new plot within the next 3 years. Apart from the renewed construction stress… we do feel somewhat uneasy, especially because of the financial risk. Although with the new house, we expect to come out significantly cheaper (we estimate €50,000–60,000 less), because the plot is easier to build on and the construction would also be less complex (for example, a gable roof instead of a hipped roof, slightly smaller exterior dimensions, etc.).
So we are facing a choice: try to accept the situation here or build new again and correct the mistake! What would you do in our place? As I said, the noise issue is wearing us down in the long run, and we don’t believe it can be permanently resolved. Has anyone had similar experiences? What pitfalls should we watch out for if we decide to go this route? How would you proceed?
Alex85 schrieb:
Finally, when it comes to prices, the question is why not build yourself. The perfect used property simply does not exist; its advantages are the price and possibly availability (aside from those rental schemes often discussed here).Have you ever searched for a building plot in southern Baden-Württemberg? I don’t know how things are currently in Bavaria, but I’ve heard the market situation is similar. I’ve been looking for all kinds of properties for over a year now, just to avoid the extra costs of new construction if possible.
But what’s currently available to buy is really a bad joke. Earlier this year, I found a really nice, fully renovated house, built in 1980, in a village with 1,700 residents, about a 20-minute drive to the highway. The village didn’t even have a supermarket or any other infrastructure. The bank estimated the house value at around 430,000 euros (about $470,000). It finally sold for just under 600,000 euros (about $660,000). Other nearly new houses were listed for no more than a week on real estate platforms. Just the other day, we looked at a house for fun, and it had been on the market for only one day... I could go on like this forever.
And the situation for building plots looks even bleaker.
I can only approach this with a rational mindset. If someone buys a plot of land for 200,000 euros and pays 13,000 euros in property transfer tax, and the next person wants to buy the same plot for 600,000 euros, they would pay 39,000 euros in property transfer tax. In total, there is a difference of 52,000 euros that has no value—simply lost—and this amount must be reflected somewhere in the purchase price.
The notary fees are similar, as are the costs for registering the mortgage. Altogether, these quickly add up to 70,000–80,000 euros, which are not reflected in the property’s value but still have to come from somewhere.
There are also considerations regarding the quality of finishes and other aspects.
The notary fees are similar, as are the costs for registering the mortgage. Altogether, these quickly add up to 70,000–80,000 euros, which are not reflected in the property’s value but still have to come from somewhere.
There are also considerations regarding the quality of finishes and other aspects.
Alex85 schrieb:
I can only approach this with my rational mind.... which, as your predecessor explained, is currently not aligned with the real estate market.https://www.instagram.com/11antgmxde/
https://www.linkedin.com/company/bauen-jetzt/
Of course, but you’re overlooking supply and demand.
Truly move-in ready properties, with interior finishes comparable to new builds, are priced here starting from about 500,000 to 600,000 (USD).
Anything below that sells almost instantly. Demand only begins to slow down from around 700,000 (USD) and up.
Truly move-in ready properties, with interior finishes comparable to new builds, are priced here starting from about 500,000 to 600,000 (USD).
Anything below that sells almost instantly. Demand only begins to slow down from around 700,000 (USD) and up.
M
Marvinius6 Jun 2017 12:48Many also buy from the developer and then face the additional costs described by Alex85. I would set the minimum sale price as follows: land + construction costs according to the building contract + utility connections + civil engineering costs. Painting, flooring, and additional interior features (kitchen!) can probably be written off or only partially recovered by luck.
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