Hello,
we are planning to buy a plot of land with an area of 1600 m² (0.4 acres). There is a small farmhouse on the property with a large barn.
The price is 25,000 euros, and the house needs a complete renovation: heating, windows, electrical systems, flooring, roof, and so on. The barn would need to be re-roofed, and the gable walls rebuilt.
Everyone advises against this because the hidden costs tend to be high.
Now we are considering demolishing the existing buildings and constructing a small new house.
Can anyone give an approximate idea of the cost for a modest house with some owner participation (self-building)?
Are there prefabricated houses available that would fit well into a typical village setting?
Best regards, mia08
we are planning to buy a plot of land with an area of 1600 m² (0.4 acres). There is a small farmhouse on the property with a large barn.
The price is 25,000 euros, and the house needs a complete renovation: heating, windows, electrical systems, flooring, roof, and so on. The barn would need to be re-roofed, and the gable walls rebuilt.
Everyone advises against this because the hidden costs tend to be high.
Now we are considering demolishing the existing buildings and constructing a small new house.
Can anyone give an approximate idea of the cost for a modest house with some owner participation (self-building)?
Are there prefabricated houses available that would fit well into a typical village setting?
Best regards, mia08
This is not easy to answer in general. It depends on the construction method and the size. Depending on the building technique, I would estimate around €1300–1600 per m² (around $1400–1700 per sq ft). The costs for demolition should not be underestimated either. Mixed construction waste can be quite expensive, and separating materials is a very labor-intensive task during demolition.
On the other hand, renovating such an old property naturally involves unforeseeable costs. If you don’t have professional experience and there is no time pressure, I would advise against it.
€25,000 for 1600 m² (around $27,000 for 17,200 sq ft) is already a very, very cheap price. In some building areas, you may not even get 100 m² (around 1,080 sq ft) for that amount.
On the other hand, renovating such an old property naturally involves unforeseeable costs. If you don’t have professional experience and there is no time pressure, I would advise against it.
€25,000 for 1600 m² (around $27,000 for 17,200 sq ft) is already a very, very cheap price. In some building areas, you may not even get 100 m² (around 1,080 sq ft) for that amount.
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