The cautious approach is justified. 500k for a 120! semi-detached house is not cheap. At the moment, 110 semi-detached houses, finished and ready with own land and landscaped plot, are being sold for 230.
Yes, I basically agree. But the framework conditions must also be considered.
We currently live in a Bavarian city renting and started with the 500k budget with utopian ideas. In the end, the options were:
1) In the commuter belt: a mid-terrace house with a green strip behind the house, in the best case a semi-detached house on 250-300 sqm of land.
2) Small town about 35 km away with commuting for me and a job change for the client.
Then the current plot came as a surprise (we were successors after the first allocation round):
- natural location at the forest edge and yet everything necessary in immediate vicinity
- unbuildable west side with a view of the forest (but far enough away to avoid late afternoon shade)
- at the edge of the commuter belt, 12 km away
Compared to the other 5 previous purchasing options - by far - the best plot, deliberately leaving slope and silty soil aside.
The 30k over budget on the plot price absolutely worth it. Warning, very subjective opinion!
We want/need 3 bedrooms and 1 office, which is reasonably achievable with 140 sqm.
On a flat plot we would build without a basement and compensate by enlarging to 160 sqm due to technology and storage options.
Here it is 140 sqm (including the two rooms in the basement) + 35 sqm usable area. In the end, no difference to 160 sqm.
Also, the price difference is negligible (+-2k) based on the mentioned house catalog with the same extras.
Slope and silty soil cause trouble.
If that causes less than 10k extra costs at best, the plot is bought. If more is expected, the project is at risk and we would cancel the purchase if necessary.
Requests for offers to various surveyors have been sent out (for the entire semi-detached house). One has already confirmed on the phone that he could do it in the next 2-3 weeks. I will report back with the result.
Until then, many thanks again for the discussion and for the (rightly) critical comments. It confirmed our uncertain gut feeling.
Wishing you a happy Easter!