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!
Building a house like this would be too big a risk for me. Homeowners who are skilled at DIY can accomplish a lot on their own. However, it takes quite some time, especially since you have to do the work yourself. As already mentioned, the risk is too high, and there is a chance of ending up with a half-finished house and a lot of debt.
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