Construction project in NRW

PS: In the cafeteria of the park you can buy a good book for little money. It contains a lot about wooden frame construction, but also much that is correct and important, which is generally valid. Go there again, get the book.

Hello I would like to introduce ourselves briefly. We are a family with 2 children (4 and 7)

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Then best to take it easy, dreaming is good, reality often blurs. Panic is not good either. Currently, everything that meets the definition of building land is being sold or prepared.

Suddenly it doesn’t matter whether you cuddle with a noise barrier or sit on a pile of residual waste.

Important: household budget book, calmly look back 12 months, then you can clearly see where the money is going. Increase the savings rate. With this information, you go to your house bank, or if you like, to 2-3 banks and see what is possible with income/expenses, rent, savings rate.

Then you get a few building blocks explained but somewhere there should be a number what you can realistically borrow. Equity is a very important point. Banks look very closely at this when it comes to good conditions.

Let’s say you "have 400k euros." Land cost 100k euros + incidental costs = 110,000 euros. Ancillary building costs 30-40,000 euros. Then roughly 250k remain for the house.

Now we come to areas where you have to significantly adjust your expectations, provide a lot of own work or do some magic. :)

Building is half a luxury and I also firmly assume that we will have a strong price increase again in 1 year.

Let's say you "have 400K euros". Land costs 100K euros + additional costs = 110,000 euros. Incidental building costs 30-40,000 euros. Then roughly 250K remains for the house.

VERY realistic and useful guideline values!!!!! Even though the outdoor facilities are missing here. But for around 220-250K you can still build a house of roughly the desired size of the original poster without a basement, even today. I also had no money left for the outdoor facilities, and I am gradually pulling them out of my old discs. Others next door: Ditto, but (almost) do nothing. That actually also takes time, the main thing is that the house is finished and structurally secured. The rest can be done gradually......and with many ideas and effort also a lot of money can be saved. Even if you do something for only 30 minutes every day: It adds up here, unlike owner labor in construction, there is no time pressure.

Now we are entering areas where you have to significantly adjust your demands, put in a lot of owner labor or do magic. :)

That works. Owner labor is overrated. Calculate max. 15-20K, if more then life, zest for life, friendships, marriages,...... break down. You do not need KNX, 150 sockets and so on. Normally equipped: That is already pure luxury. I warn against building with too much owner labor. I myself - to put it fatally - completely crashed and later still did a lot myself, but also had a lot done. Owner labor only works with a huge network of relatives and acquaintances who are willing to help *qualified* almost daily over 7-9 months. Who has that today? The young couple with children? That’s where the stress begins, that can be the beginning of the end of a marriage!!! Don’t do it! I know people who have just moved into a turnkey row house and are gasping on their last leg after 4 weeks of painting and laying floors + moving, and that is only the cherry on top.....the owner labor.

Building is half luxury and I also firmly assume that in 1 year we will have a strong price surge again.

About 60% of people in Germany (approximately) rent. That is not cheap either. Living well, that is always luxury. Living well means: environment, apartment, people, friends, distance to workplace, costs, additional costs etc. are right. There are many people who live well in rental apartments. There are also people - I count myself and my wife among them - who associate traumatic experiences with that. Money is gone anyway, you only live once. Everyone makes that decision for themselves.

And yes: It is getting more and more expensive to build right now. I am already speechless at how prices are rising at the moment.

Best regards Thorsten

About 60% of people in Germany (approximately) rent their homes. That is not cheap either.
Living well is always a luxury.
Living well means: environment, apartment, people, friends, distance to workplace, costs, additional costs, etc. all fit.
There are many people who live well while renting.
There are also people – I count myself and my wife among them – who associate traumatic experiences with it.
Money is gone anyway, you only live once. The decision – everyone makes it for themselves.

There are also people who stare at the moon every evening or walk their four-legged friend five times a day. Nobody cares. As long as the demand is simply unbroken and you can ask high prices in some areas, for that one would have left the store earlier.

It is actually shocking that you already have to make compromises at 250K, where you basically thought that was standard.

There are also people who stare at the moon every evening or walk their four-legged friend five times a day. Nobody cares. As long as demand remains unbroken and you can call for a price in some areas, you would have left the store earlier for that.

It is actually frightening that you have to make compromises at 250K, where you actually thought that would be standard.

:) ROFL :)
True. There are even stranger people.

If you see what else is being sold around here: you become a sparkler.
People buy building plots that I wouldn't even think were building plots!!!!!!
So I absolutely agree with you.

At 250K (just for the house) with 130 sqm living space, the compromises with reasonable building land, surroundings, and house are quite acceptable, so we rather have a luxury problem there. With 250K, you can really manage more than adequately under good conditions.

At 250K (just for the house) with 130sqm living space, the compromises are quite acceptable with reasonable building ground, surroundings, and house, so that's more of a luxury problem. With 250K, you can really manage something more than usable under good conditions.

Those were purely fictional numbers. I simply assumed 400K and did a bit of calculation. :D:D

Here it says plots starting at 350 euros/sqm. That would already be the commuter belt of a larger city or a lucrative small town.

We need more input; speculating is stupid. :)