Defensive offer, or have house prices become so expensive?

It of course strongly depends on the area. However, I would say this is not cheap but still the normal price. Here with us, you can hardly get houses with a basic standard anymore for less than 500 TSD.

Sounds normal to me. I think your surprise also comes from the fact that you built quite cheaply back then. It was a cheap area in Germany, and now you’re moving to a more expensive one, right? And the prices have also risen a bit more than the usual 5% over the last 2 years.

Okay, crazy. That’s definitely clear. I knew something was going on, but I didn’t know how intense it was. But thanks for the assessment, then we can continue talking with the company. We also can’t estimate the costs for the earthworks, as we come from Lower Saxony’s flatlands and will probably get a hillside plot in the new development area, and how hilly it will be we won’t know until after the elevation plan and soil survey, which I assume will usually only be available after purchase.

Are you just getting one offer? I would get a few more and compare.

I am losing track a bit with all the parallel threads about your moving project. But that’s what I already wrote to you in the property valuation thread: take the land costs of your current house + 3K * sqm + incidental building costs + etc., and you roughly have the current value. And yes, you can then look forward to a significant increase in value. You do need that, though, because the new construction costs have risen proportionally. And in the Move over 600km thread, you briefly mentioned the hillside property... will it be that now? If yes, you can also find elevation profiles with GIS/cadastre tools. Of course, not 100% accurate, but sufficient for an assessment. A hillside location is not exactly the classical cost-saving method; that should be clear to you beforehand.

The price doesn’t exactly knock me off my socks. I find it neither very cheap nor ridiculously expensive. With excavation, you’re probably at about €3,000 / sqm. You also have a kfw 40 house with a few minor upgrades.

Welcome to the Matrix :cool:

I’d still like to take the blue pill. XD

Sounds quite normal to me.
I think your surprise also comes from the fact that you built quite cheaply back then. It was a cheap area in Germany, and now you’re moving to a more expensive one, right?

Sort of, we’re basically moving from a cheap area to a cheap area. At least the plot we’re aiming for is still cheaper than our old one. However, it is also on a slope, and I have a hard time estimating the excavation costs.

Are you just getting one offer? I would get a few and compare.

No, no, we’re contacting various companies. However, mainly the regional general contractors. So far I have refrained from approaching the big ones like Town & Country, as you hear very mixed things about them.

I’m losing a little bit of overview with all the parallel threads about your moving project.

Sorry. That’s not intentional, but I’ve revived a few older ones (including the value thread), as I didn’t want to start a new thread for every little thing. ^^

But that’s what I already wrote to you in the valuation thread: take the current house’s land cost + €3K * sqm + incidental building costs + etc. and you roughly have the current value. And yes, you can then look forward to a significant increase in value. But you also need that because the new build costs have risen accordingly.

Yes, that’s exactly how it feels to me at the moment.

And in the “move over 600km” thread you briefly mentioned the hillside plot... is that going to be it now? If yes, you can also find elevation profiles using GIS/cadastre tools. Of course not 100% accurate, but enough for an estimate. Hillside location is not exactly the classic cost-saving method, you should be aware of that beforehand.

We haven’t officially committed yet, but let’s say we are “very interested.” I definitely want to wait for the bank meeting next week and their assessment of our possibilities.
Thanks for the tip about the cadastre tools. I didn’t know about that at all, I’ll google it right away. That’s extremely helpful, I hope I find something. :)

What do you think your current place is worth... Among acquaintances, it is already said that young used properties are worth more than new builds, because there is no more land. Take it or leave it (or continue living in 3-4 rooms as a tenant).

That means: The additional costs that scare you now you will be able to recover at least 1:1 when selling the current property. Bidding process is your friend.