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?
C
Caspar20206 Jun 2017 13:42Nordlys schrieb:
Life experience. Do you still remember the Neuer Markt hype with Manfred Krug and the Telekom public share? When the time comes, you can feel the tension in the air. KarstenSetting that aside, this is getting somewhat off-topic. Housing is in severe shortage in some parts of Germany. In other regions, properties sell like hotcakes. You really can’t generalize about it.
This fundamental shortage is less due to interest rates and more a result of the overall economic conditions.
S
Steffen806 Jun 2017 13:43Caspar2020 schrieb:
Regardless of this becoming a bit off-topic here: living space is extremely scarce in some parts of Germany. In other areas, properties sell like hotcakes. You really can't generalize.
And this fundamental shortage is less due to interest rates and more a result of economic conditions.That’s probably true… there are plenty of properties everywhere (small towns!) that nobody wants… just look at Brandenburg or Mecklenburg-Western Pomerania… there, houses are practically given away…
Haven't we already had the interest rate turnaround? When I read what those posting their financing here are being offered for a fixed period of 10 years and compare it to what we received at the end of 2016, it seems to me that rates have already risen moderately. Karsten
For a real estate bubble to burst, mass unemployment is required—not interest rate changes or fluctuations in property prices. Even if property prices were to suddenly drop by 20%, the bubble wouldn’t burst as long as people continue to service their loans. The bubble bursts when loans default and banks are left with a large number of properties to sell that do not cover the value of the defaulted loans because no one can afford them anymore.
So, a bubble requires extremely high property prices without genuine demand, very risky lending practices, and massive loan defaults. While the first point can still be debated in some regions, I do not see the other two as being met at all.
So, a bubble requires extremely high property prices without genuine demand, very risky lending practices, and massive loan defaults. While the first point can still be debated in some regions, I do not see the other two as being met at all.
C
Caspar20206 Jun 2017 14:00Nordlys schrieb:
Haven’t we already seen an interest rate turnaround? When I read what those posting their financing here are offered for fixed rates over 10 years and compare it to what we got at the end of 2016, it seems to me that rates are rising moderately. KarstenNo. They’re moving sideways pretty much. There was a slight dip last year, when the benchmark yield was in negative territory. But you really can’t call it an interest rate turnaround.