ᐅ Prefabricated House or Traditional Solid Construction Companies – Budget
Created on: 13 May 2020 12:56
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Cary2020
Hello everyone. As you can see, I am new here and looking for advice. We are 25 and 27 years old, both employed, and our monthly net income is 3100 € (approximately $3,400). We have no equity saved up (we are already aware of the risks). Now, by coincidence, we have found a plot of land. It’s the only one in the area that meets our expectations (small, no more than 500 m² (6000 sq ft)). It was more or less a “random find.” Although we had agreed that we wanted to build a house someday, we hadn’t expected it to happen so soon. We want to build at the edge of the Harz mountains, in Lower Saxony. That’s the basic info.
Over the past few days, we have spent a lot of time researching the topic but have not reached any concrete conclusions yet. We have had initial phone appointments with banks; even without equity, it’s not impossible, and some very reputable, well-known banks were involved. We have further appointments with first companies and additional banks planned for next week. However, I would also like to connect with “regular” homeowners to get realistic assessments because we probably belong to this group ourselves.
Does anyone have experience with building a house at our income level? Is it feasible not only on paper but also in reality?
Then the big question arises: do we want a traditional solid house (brick and mortar) or a prefab house? Twenty years ago, when my parents built their home, prefab houses had a bad reputation. Nowadays, that seems to have improved significantly. Basically, we are still undecided. We see major advantages with prefab houses in the absence of moisture problems, clearly the price (is that really the case?), and according to experience reports, there is less shoddy workmanship. I’m hoping to learn from your experiences here.
The last point, of course, will be contacting companies. I am a bit hesitant about regional developers and would prefer to get in touch with larger firms like Viebrockhaus (probably quite expensive), Massa Haus, Arge, etc. Here too, I hope to have an initial exchange with you.
As you can see, we are just starting out and would like to bring some orientation to our confusion of thoughts. Thanks in advance for your help.
Over the past few days, we have spent a lot of time researching the topic but have not reached any concrete conclusions yet. We have had initial phone appointments with banks; even without equity, it’s not impossible, and some very reputable, well-known banks were involved. We have further appointments with first companies and additional banks planned for next week. However, I would also like to connect with “regular” homeowners to get realistic assessments because we probably belong to this group ourselves.
Does anyone have experience with building a house at our income level? Is it feasible not only on paper but also in reality?
Then the big question arises: do we want a traditional solid house (brick and mortar) or a prefab house? Twenty years ago, when my parents built their home, prefab houses had a bad reputation. Nowadays, that seems to have improved significantly. Basically, we are still undecided. We see major advantages with prefab houses in the absence of moisture problems, clearly the price (is that really the case?), and according to experience reports, there is less shoddy workmanship. I’m hoping to learn from your experiences here.
The last point, of course, will be contacting companies. I am a bit hesitant about regional developers and would prefer to get in touch with larger firms like Viebrockhaus (probably quite expensive), Massa Haus, Arge, etc. Here too, I hope to have an initial exchange with you.
As you can see, we are just starting out and would like to bring some orientation to our confusion of thoughts. Thanks in advance for your help.
Einradbrot schrieb:
I followed the mini-max method. Anyone unfamiliar with it can check business administration books. The goal is to achieve the maximum return with a fixed budget X, in my case 200,000 (approx. US$) . Maxwell Smart is also my favorite agent. But calling it a return when having a house bigger than needed costs no more than desired should really be in a business administration book by the Brothers Grimm.
https://www.instagram.com/11antgmxde/
https://www.linkedin.com/company/bauen-jetzt/
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Einradbrot28 May 2020 22:22I didn’t have to do it, but it just happened because I was convinced.
It is enough that you are satisfied with it, but the logical conclusion is by no means that Heinz von Heiden (was that the company?) therefore builds great houses and everyone else only builds shoddy ones. It is well known that prefabricated timber houses tend to be more expensive—I have mentioned this several times here—but they are certainly not bad or overpriced (meaning more expensive than necessary to allow the provider an economically reasonable implementation), as the market would have corrected that long ago.
Furthermore, it is simply mistaken to believe that you can build a house of over 300 m² (3,229 ft²) for 240,000 EUR. Not in 2020, not in Germany. Therefore, you should state your claims much more precisely; otherwise, someone might actually believe it.
Furthermore, it is simply mistaken to believe that you can build a house of over 300 m² (3,229 ft²) for 240,000 EUR. Not in 2020, not in Germany. Therefore, you should state your claims much more precisely; otherwise, someone might actually believe it.
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nordanney29 May 2020 07:57Einradbrot schrieb:
The question is, where is the house cheap?What kind of house? How big? What features? What materials? And so on.