ᐅ Prefabricated House Planning: Initial Meetings Scheduled

Created on: 10 Jun 2019 19:37
B
BauherrRookie
Hello dear community,

We (24 and 23 years old) no longer want to pay off someone else’s mortgage, so we have decided to invest in our own property. This has always been our wish. Since building a house ourselves seems too complicated, a prefab house appears to be a very good alternative.

As I only finished my studies this year and my partner completed her apprenticeship last year, our equity is understandably very limited. We have a bank appointment next month. We scheduled the meeting to run the numbers with the bank and see what is actually possible. Of course, we will also obtain comparison offers.

At a prefab house exhibition, we got in touch with a consultant, and we arranged an appointment with him for the end of the month. His idea is that we present something to take to the bank for calculations. We also informed the consultant that we do not yet own a plot of land. While the company does not broker properties, they can assist us in the search.

Regarding location, we are very flexible. Everything between Stuttgart and 30km (19 miles) north is an option. A train connection should be available at most one town over. We plan for 140 - 160 square meters (1,500 - 1,700 square feet), ideally with a basement and a small garden. We assume that a 300 square meter (3,230 square feet) plot would be sufficient. Most likely, a carport or garage would be added later. We expect the total budget to be around 500,000 euros (about $540,000 USD). This would need to include the plot and additional construction-related costs.

We know that verbal promises are nice but that everything should be put in writing. What tips can you give us for the consultation with the prefab house provider? What should we definitely pay attention to?
How do you evaluate our plans given the circumstances?
What advice do you have regarding the property? (We hear that it can be difficult to get land through municipalities, so we are hoping the consultant can support us here.)
How did you ensure that good contact with the prefab house company was maintained afterward? (We often read that contact becomes scarce after signing.)
Does the help with finding a plot sound realistic? The consultant said it might even be possible to find one within 2-3 months.
What costs should we keep in mind? (Prefab house, plot, additional construction-related costs, property transfer tax / stamp duty, notary, possibly furniture and kitchen, etc.) Should we also plan a 10% contingency even if it is a fixed price?

I have not mentioned the name of the provider yet, as I am not sure if that would count as advertising.

Best regards
Z
Zaba12
11 Jun 2019 08:47
MayrCh schrieb:

By now? The German terraced house has been doing this since its inception. That was around 1900.

I was completely unaware of this approach.
11ant11 Jun 2019 13:43
Zaba12 schrieb:

This approach was completely new to me.
This concept – and the German terraced house as its best-known (probably because it is the largest) example – is discussed here several times a year. The idea of a tall, narrow condominium has apparently appealed to so many buyers over generations that suppliers have permanently found their niche there.
https://www.instagram.com/11antgmxde/
https://www.linkedin.com/company/bauen-jetzt/
L
Lumpi_LE
11 Jun 2019 14:56
To be honest, judging by how the OP writes, everyone has probably had their very first thoughts just as idealistic...

The first thing is the plot of land, and that already takes a lot of time. Back then, the prefab house consultants told us all kinds of things...
500,000 euros in Stuttgart is unfortunately completely unrealistic.

The most important advice, which has already been mentioned many times: Don’t sign anything.
N
nordanney
11 Jun 2019 15:03
I have a friend who lives in the Stuttgart metropolitan area (Waiblingen). Land prices there have now reached four digits per square meter in good locations (not only there but also in areas like Fildern). So, a 300 sqm (3,229 sq ft) plot costs around 300,000 euros. With a budget of 500,000 euros, there isn’t much left for the actual house...
Y
ypg
11 Jun 2019 15:20
Zaba12 schrieb:

(and agree) whether you are allowed to install a swing, gazebo, etc. in your garden plot.

Let's not exaggerate.
The approval does not concern furnishings but changes to the house and property.