Hello,
I am planning to build a new house!
Dear users, I have done some research and would now like to get some feedback from you!
Here is my idea:
I have a budget of 210,000€ (about 210,000 US dollars). Included in the budget must be: a prefabricated house plus the land!
About the land: I reserved a plot a long time ago because land here is very cheap, which is why I decided to build a house!
So, my plot:
765 square meters (about 8,230 square feet)
The price per square meter is 50€ (very cheap) (38,250€ total)
The special deal from the local town hall is that since I have children (I have two) and will live there with my family, the price per square meter is 45€ (even cheaper, I don’t think it can get any lower!) (34,425€ total)
Now, I am trying to find a construction company that can give me a concrete offer! That means a house with up to 120 square meters (about 1,290 square feet), maybe even less, should cost me turnkey up to 160,000€ (not more!).
I have already received several offers, but I think it could be done even cheaper. I have a small amount of equity, around 11,000€ (which I would like to use for additional construction costs, a nice kitchen, or for doing some work myself).
Now my specific question: Do you think it is possible to achieve this price? Of course, it would be even better if it comes in cheaper!
So, I’m looking forward to your opinions!
I am planning to build a new house!
Dear users, I have done some research and would now like to get some feedback from you!
Here is my idea:
I have a budget of 210,000€ (about 210,000 US dollars). Included in the budget must be: a prefabricated house plus the land!
About the land: I reserved a plot a long time ago because land here is very cheap, which is why I decided to build a house!
So, my plot:
765 square meters (about 8,230 square feet)
The price per square meter is 50€ (very cheap) (38,250€ total)
The special deal from the local town hall is that since I have children (I have two) and will live there with my family, the price per square meter is 45€ (even cheaper, I don’t think it can get any lower!) (34,425€ total)
Now, I am trying to find a construction company that can give me a concrete offer! That means a house with up to 120 square meters (about 1,290 square feet), maybe even less, should cost me turnkey up to 160,000€ (not more!).
I have already received several offers, but I think it could be done even cheaper. I have a small amount of equity, around 11,000€ (which I would like to use for additional construction costs, a nice kitchen, or for doing some work myself).
Now my specific question: Do you think it is possible to achieve this price? Of course, it would be even better if it comes in cheaper!
So, I’m looking forward to your opinions!
schubert7925 Jan 2014 13:17You will never manage to meet the price with 120 sqm (1292 sq ft) and all additional costs. Sorry.
B
Bauexperte29 Jan 2014 13:24Hello,
The original poster is from BW, you are from TH – you should definitely keep that distinction in mind; the price differences are huge 😉
Regards, Bauexperte
Michalko schrieb:No, it is not – not even with a solid construction house... not even with a budget supplier.
I say it is doable... but not with a prefabricated house.
The original poster is from BW, you are from TH – you should definitely keep that distinction in mind; the price differences are huge 😉
Regards, Bauexperte
Certainly, construction costs in BW are higher than in TH, but an affordably designed solid house with standard features, a gas condensing boiler, and separate trade contracts should be just feasible. After all, the original poster mentioned a maximum of 120 sqm (1300 sq ft) of living space, not a minimum 😉
milkie schrieb:
Have you ever heard of poor workmanship, financial ruin, and over-indebtedness? Or people who have to live on a construction site their entire lives because they ran out of money?
With some of the price expectations, I’m no longer surprised by these reports... 🙁I just have to look at our new development area. There are occupied but unplastered houses standing there for over a year. That can’t be good for anyone.
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