ᐅ Planning a Land Purchase and a $400,000 Budget for Home Construction
Created on: 26 Oct 2021 20:24
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Moerfel22
Good evening dear community,
we are currently interested in a plot of land that is about 1000 m² (10,764 sq ft) in size and should cost around 34,000 (including notary and property transfer tax).
Based on our research so far, development costs amount to approximately 25,000–30,000.
The land will be purchased using equity.
The plot has a slight slope (photos attached), so we are considering a partial basement and placing a prefabricated timber-frame house on top.
By having a partial basement, we want to move the technical room into the basement and thus gain living space, saving money on the cost per living square meter.
Our budget for site development, basement, and prefabricated house should not exceed 400,000.
What are your thoughts on this plan?
Is this feasible with the budget mentioned?
Looking forward to your active input.
Best regards,
Marvin
we are currently interested in a plot of land that is about 1000 m² (10,764 sq ft) in size and should cost around 34,000 (including notary and property transfer tax).
Based on our research so far, development costs amount to approximately 25,000–30,000.
The land will be purchased using equity.
The plot has a slight slope (photos attached), so we are considering a partial basement and placing a prefabricated timber-frame house on top.
By having a partial basement, we want to move the technical room into the basement and thus gain living space, saving money on the cost per living square meter.
Our budget for site development, basement, and prefabricated house should not exceed 400,000.
What are your thoughts on this plan?
Is this feasible with the budget mentioned?
Looking forward to your active input.
Best regards,
Marvin
M
Moerfel2226 Oct 2021 23:07@11ant Building on a slope is always challenging to define; of course, this is clearly a sloped site that requires significant work. However, the hillside slope on the valley side no longer belongs to our property, so we only have one dimension facing the slope.
Regarding the term "developed," I have to say that there are no utilities in the street I photographed lengthwise. The houses visible in the picture are supplied by the cross street at the end of the photo, so all our utility connections will also have to come from there. Electricity essentially comes underground. The area is rural but generally well connected, except for a few side streets that are not yet developed, including ours, unfortunately.
Regarding the term "developed," I have to say that there are no utilities in the street I photographed lengthwise. The houses visible in the picture are supplied by the cross street at the end of the photo, so all our utility connections will also have to come from there. Electricity essentially comes underground. The area is rural but generally well connected, except for a few side streets that are not yet developed, including ours, unfortunately.
Moerfel22 schrieb:
However, the slope on the valley side of the hillside is no longer part of our property, so we only have one dimension facing the slope.It’s the same one—but if despite thousands of square meters not everything shown as rough grassland in the photo is supposed to be the plot in question, then please mark its boundaries in the photos and/or on a cadastral map or aerial image.https://www.instagram.com/11antgmxde/
https://www.linkedin.com/company/bauen-jetzt/
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Moerfel2227 Oct 2021 07:36This concerns the upper plot 107/1.
Unfortunately, I only have one image from Google Maps and a site plan.
Water, electricity, and telephone connections run only up to the lower intersection along the road, with the sewer extending a bit further along the road to the smaller intersection.
Unfortunately, I only have one image from Google Maps and a site plan.
Water, electricity, and telephone connections run only up to the lower intersection along the road, with the sewer extending a bit further along the road to the smaller intersection.
Then I don’t believe your development connection costs will be sufficient. Your utility provider will likely aim to lay the lines along the street rather than crossing through the neighbor’s property, which means the entire street will have to be excavated. This will be expensive.
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Moerfel2227 Oct 2021 13:46According to the local authority, this can be installed next to the road within the planned buffer zone between the road and the property.
However, I also requested a quote from a construction company.
However, I also requested a quote from a construction company.
Moerfel22 schrieb:
According to the local authority, this can be installed next to the road within the planned buffer zone between the road and the property. Hmm. How do I now say in at least five words: "???" ?
https://www.instagram.com/11antgmxde/
https://www.linkedin.com/company/bauen-jetzt/
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