BlackBandit
2014-06-06 10:38:48
- #1
Hello,
like many others, we too want to fulfill the dream of owning our own home and are considering whether we should build or buy with a defined budget. We already have a specific property in sight; maybe you can help us a little with the decision-making.
First of all, what we want and what we are willing to spend:
- It should be a (young) detached single-family house with solid construction
- Location about 20 KM around Moers (NRW), ideally not too rural
- Size between 150 and 180 sqm, but there must be two home offices since both of us work a lot from home (wife is a teacher) + 2 children's rooms
- A basement is not a requirement but would be nice
- Plot about 500 sqm
- If buying, then no old building but a "young" house
- We want to spend max. 400,000 euros. Financing should not be the topic here; I want to separate that from the actual fundamental decision
The core question now is whether the mentioned points can be realized with a new build and the budget. The land offers in the area are not only scarce but also not exactly cheap. For a 500 - 600 sqm plot, you already have to deduct about 150,000 from the budget. Due to the lack of reasonable offers, I also have no market transparency; I don't know if it is possible to find something cheaper.
For comparison, we have the following property on hand:
- Detached solid single-family house built in 1994
- 220 sqm living space, fully basemented
- Location Duisburg Walsum
- almost 600 sqm plot
- Underfloor heating, gas burner from the same year of construction
- Price: 340,000 euros
- Renovation work necessary
The decision is really difficult. Here is the pro evaluation for buying as I see it:
- The property is already there, so moving in is possible quickly
- Double burden is limited
- Size of the house
- Good residential area in the immediate vicinity
- Garage and garden are also ready
Contra:
- Energy-wise not up to current standards, therefore fundamentally higher heating costs; long term it could be expensive
- Energy modernization is very limited because of the full clinker brick and therefore insulation is omitted
- Duisburg is the ugliest city in Germany, although Walsum is far enough from the city center. But Duisburg is Duisburg
With a new build, I could be modern both energetically and architecturally, so building costs are ultimately uncertain. Also, there could be advantages regarding the location, but it takes relatively long to move in. From the gut, I would say it could be tight to realize everything as a new build within the budget.
What is your view?
Thank you very much.
like many others, we too want to fulfill the dream of owning our own home and are considering whether we should build or buy with a defined budget. We already have a specific property in sight; maybe you can help us a little with the decision-making.
First of all, what we want and what we are willing to spend:
- It should be a (young) detached single-family house with solid construction
- Location about 20 KM around Moers (NRW), ideally not too rural
- Size between 150 and 180 sqm, but there must be two home offices since both of us work a lot from home (wife is a teacher) + 2 children's rooms
- A basement is not a requirement but would be nice
- Plot about 500 sqm
- If buying, then no old building but a "young" house
- We want to spend max. 400,000 euros. Financing should not be the topic here; I want to separate that from the actual fundamental decision
The core question now is whether the mentioned points can be realized with a new build and the budget. The land offers in the area are not only scarce but also not exactly cheap. For a 500 - 600 sqm plot, you already have to deduct about 150,000 from the budget. Due to the lack of reasonable offers, I also have no market transparency; I don't know if it is possible to find something cheaper.
For comparison, we have the following property on hand:
- Detached solid single-family house built in 1994
- 220 sqm living space, fully basemented
- Location Duisburg Walsum
- almost 600 sqm plot
- Underfloor heating, gas burner from the same year of construction
- Price: 340,000 euros
- Renovation work necessary
The decision is really difficult. Here is the pro evaluation for buying as I see it:
- The property is already there, so moving in is possible quickly
- Double burden is limited
- Size of the house
- Good residential area in the immediate vicinity
- Garage and garden are also ready
Contra:
- Energy-wise not up to current standards, therefore fundamentally higher heating costs; long term it could be expensive
- Energy modernization is very limited because of the full clinker brick and therefore insulation is omitted
- Duisburg is the ugliest city in Germany, although Walsum is far enough from the city center. But Duisburg is Duisburg
With a new build, I could be modern both energetically and architecturally, so building costs are ultimately uncertain. Also, there could be advantages regarding the location, but it takes relatively long to move in. From the gut, I would say it could be tight to realize everything as a new build within the budget.
What is your view?
Thank you very much.