ᐅ Plot of land in sight – which home builder is the right choice?

Created on: 17 Sep 2016 14:11
M
miet-er
Hello everyone,

We have a building plot under purchase option and are now looking for a suitable provider for a prefabricated or solid house of around 160m2 (1,722 sq ft).

While choosing a car manufacturer wouldn’t be difficult for us in terms of finding an affordable brand, the market of prefabricated house providers seems confusing, and we can’t identify the distinguishing features (which provider is the Porsche, which is the Skoda, and which is the Lada among prefabricated/solid house builders?). Is anyone able to clarify this? So far, we have received price estimates above 300,000 euros (without additional building costs) from providers like Haacke or Fingerhaus (turnkey). Are these premium providers, or should we generally expect to pay such (high) sums for turnkey houses? Are there reputable providers who offer more affordable options? To continue the car comparison, we don’t need an 8-cylinder engine, but we also don’t want a “beater” that will start falling apart soon.

Thank you very much for your input,
miet-er
Kayan19 Sep 2016 06:51
Weimy schrieb:

I wouldn’t choose a prefabricated house just because of the resale value....

Sorry, but this statement is just as incorrect as saying "All red cars are fast"!
Among prefabricated house manufacturers, you will find models comparable to both the Fiat Panda and the Mercedes S-Class.
Therefore, the retention of value does not depend on the term "prefabricated house," but rather on the quality of workmanship, the features, and the condition at resale.
T
Tego12
19 Sep 2016 09:35
Kayan schrieb:
Sorry, but this statement is just as wrong as saying “All red cars are fast”!
Among prefab house providers, there are models like the Fiat Panda as well as the Mercedes S-Class.
Accordingly, the retention of value does not depend on the term “prefab house,” but rather on the quality of workmanship, the features, and the condition at resale.

I consider that statement to be correct (of course, not the one about cars...).

I totally agree with you that the quality of prefab houses doesn’t have to be worse than that of solid-built houses. That certainly is not the problem. Nevertheless, prefab houses often have a significantly worse reputation than solid-built houses among most people, which naturally lowers the purchase price. Retention of value is not necessarily dependent on quality (which can of course be a factor), but ultimately determined by later demand, and that demand is lower for a used prefab house. Personally, I have no prejudices against prefab houses (well, except for those from the 1970s, which is understandable), but many people do.
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ONeill
19 Sep 2016 10:49
The stereotype is based on the fact that most people (still) have no real understanding of what a prefabricated house actually means today. When people take a closer look at prefabricated houses and learn more about them, their opinions often change quickly. I have seen this happen several times among friends and acquaintances.

Of course, some people may prefer to live in a traditional solid brick or concrete house. However, I have no concerns about selling my house at a reasonable price in the future, even though that is not planned at the moment.
Kayan19 Sep 2016 10:53
Tego12 schrieb:
I consider the statement to be correct (of course, not the part about cars...).

I fully agree with you when you say that the quality of prefabricated houses does not have to be worse than that of solidly built houses. That is certainly not the issue. Nevertheless, prefabricated houses often have a significantly worse reputation than solid construction among most people, which logically lowers their resale price. The preservation of value is not necessarily dependent on quality (which can of course be a factor), but ultimately determined by later demand, and demand for used prefabricated houses is lower. Personally, I have no prejudice against prefabricated houses (ok, with those from the 1970s, understandably), but many people do.

I cannot confirm that. We recently sold our ten-year-old (prefabricated) house at a very good price. One interested buyer even came with a building expert to, as it seemed, negotiate the price down. But even this expert found nothing wrong with the property and considered the price justified. I believe that among the older generation, the poor reputation of prefabricated houses is linked to the construction mistakes made in the 1970s. Those who have studied house building objectively know that prefabricated houses are not necessarily worse and therefore not worth less than conventionally built homes.
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daniels87
19 Sep 2016 12:52
miet-er schrieb:
Well, that gives hope... may I ask which modular home provider was priced that low?

A local one from our area, but you probably have similar companies in your region as well. For various reasons, I prefer these smaller construction companies over the big ones.
M
miet-er
19 Sep 2016 20:33
So today we visited a detached house "market leader." My impression: comparable to Dacia among car manufacturers. Only now do you get a better idea of what to expect for your money when you have a limited budget or want to spend less. They offer KfW55 standard with a gas boiler ("heating costs around 40€/month"). A heat pump costs an additional 10,000€ (approximately 10,000 USD) but will be much cheaper to run than the other option, although it may also have a shorter lifespan.