130 sqm detached house or townhouse with my budget of 220k

Is it even possible to build a FH or a MH according to the above specifications?
From my research on the internet, I can hardly imagine it at the moment.
What construction time or total time, starting from the land purchase, should be planned?
Which companies would be interesting for making contact?

Thank you in advance for your answers!

Hello!

As the previous posters have already written. With around 240K Euros, given the price for the land, you can’t build a house (respectively, the money is gone before the house is finished).

Please read the continuously posted thread about building incidental costs here (by Bauexperte).

With a rough calculation, you will very quickly realize that the money remaining after deducting all costs for the pure house will be so little that there will be no provider willing to build it for you in 2016. No amount of personal effort will help. There is (roughly) a 70-100K shortfall.

Calculate about 1800 Euros per sqm. Lower standard 1500 Euros.
Range: 195,000 - 234,000 Euros.
Plus land. Plus notary, property transfer tax, plus 130 other things (see all incidental costs thread).....

My tip: With the mentioned budget, you might possibly get a semi-detached house / terraced house on the used market. Take it as is, make adjustments / modernizations over the years. Although it’s already quite tight – I don’t know your local market, but as I said, it might work. Another alternative is the condominium.

Regards
Thorsten

But that doesn't matter - that's why you asked this question, because you have doubts about building a house and your capital.
Have a look at an existing property or a condominium [ETW], if the latter is something for you.

Thank you very much for the information. Can't some things be done by oneself? What about a shell house?

So, one question won't leave my mind. I earn 2400 and the bank says I could afford 800,- for a house. Somehow my promised loan seems very low to me.

Thank you very much for the information.
Isn't it possible to avoid some costs through personal effort? What about a shell construction house?

I have a shell construction house.

Therefore I can give you some very clear answers.

a) Shell construction house (1): It doesn’t work miracles. As I said, check the ancillary construction costs. They exist exactly the same way and have already turned some shell construction house dreams into a nasty trap (--> construction ruin).

b) Personal effort: No, you can’t. Unless you have 25-30 people (all necessary trades for house construction including civil engineering) at hand who work for free permanently over 7-8 months (7 days a week) and bring material and tools. In a reasonable way, you can offset between 5 to 20K with personal effort. The rest of this wave of personal effort is dreamed up, pure pipe dream (few exceptions may confirm the rule). Reality catches up with everyone here.

c) Shell construction house: See a) and b): No solution.

The difference between your capital and the necessary capital is too large.

The bank calculates based on tables for living expenses and others and aligns itself with the conditions of Basel II and III as well as your collateral and equity. The 800 feels totally realistic to me. Maybe another bank will give you more? But in my opinion, it is a risk (a bet you place on yourself). Don’t make yourself unhappy.

Look for an existing property or condominium.

Best regards
Thorsten

So, one question won’t leave my mind. I earn 2400 and the bank says I could afford 800,- for a house. Somehow my promised loan seems very low to me.

The banks tell you what is feasible. Whether it makes sense, they won’t tell you. The bank doesn’t care if you end up in personal bankruptcy. The bank gets your house. In the area of financing, the banks’ greed reacts, not reason. You are running into an open knife and at the bank the champagne corks are popping.

800 EUR on 2400 EUR net seems low to you? Is that the family income? If so... I wouldn’t even consider an existing property. Are you thinking about additional costs? What about children? Car? and so on... There is also no equity.

Regards, Steffen