Feasibility financing new construction (land + semi-detached house or semi-detached half)

2022-04-01 17:36:20

[*]Total income: Currently 4,113,- EUR [*]Total expenses: 2,583,- EUR [*]Rent would then be eliminated (e.g. savings rate for house): 440€ [*]
[..] today 2.39% (monthly rate ~2,000,- EUR)

Well, expenses + rate - old rent > income. (Higher additional housing costs and savings rate for a new car not even considered.) Actually, the only help is to increase income, e.g. by changing jobs?

this got lost a bit here. The rent is absolutely crazy for Stuttgart

Yes, as cheap as you currently live, it would be financially worthwhile to stay living like this as long as possible. Since the land is subsidized, there is certainly a building obligation. So if you only buy the land now, how much time do you have? Sure, you see the interest and costs rising now, but that will settle again at some point. So only buy the land now, and build in three years. Would that be possible?

2022-04-02 00:00:56

That maybe, but it’s relatively irrelevant if you financially fail at building the house. There is plenty of potential for that, just the earthworks and removal alone could eat up the €30,000 for incidental construction costs. The landfills in the area are full since a train station is being buried there. Additionally, presumably lacking infrastructure expansion. Waste disposal, crane, scaffolding are certainly also all on the builder. And so the thousands just tick by. I also consider the free kitchen to be a trap. Unfortunately, nowhere seems to explain exactly what is in the kitchen... but the promised Miele appliances absolutely don’t fit with the cheap, cheap provider Allkauf house. Presumably, the money is earned behind the scenes again by the partner kitchen builder massively selling overpriced "upgrades" that are needed to even make the kitchen usable. Something along those lines. And even if the house is finished, you have to be aware that Allkauf house is priced in the lowest league. So you have a cheaply made shell that is then often botched either by the builder himself or poorly coordinated finishing trades. Even the wall construction with polystyrene would absolutely deter me. Whether you can really achieve €800,000 there, I mark with a question mark.

How much the house will actually be worth then, I unfortunately cannot judge either, because I don’t know the Stuttgart area. But in southern Bavaria, even in some rural regions, Okal house houses from the 70s go for a million.

2022-04-02 00:24:26

Does the stinking refer to the suspicion of formaldehyde or similar?
Do you know it or do you just believe it? Is it your prejudice or is it proven?

We once viewed one. The location was so fantastic that we actually wanted to talk ourselves into liking the house, but this musty smell was just too overpowering. My father (who was present at the viewing because he originally trained in structural engineering) already wanted to leave after five minutes. No idea if that was an exception, but at that time I had at least found similar reports online.

2022-04-02 00:30:09

We once visited one. The location was so dreamy that we actually wanted to talk ourselves into liking the house, but that musty smell was simply too overpowering. My father (who was with us during the viewing because he originally trained in structural engineering) already wanted to leave after five minutes. No idea if that was an exception, but at the time I had found at least similar reports online.

Ok, then please keep your subjective part to yourself, but it’s not well-founded and therefore you shouldn’t write in such a derogatory way. That is not fair to good houses. Such things confuse buyers.

2022-04-02 00:36:26

Ok, then please keep your subjective part to yourself, but it is not well-founded and therefore you should not write so disparagingly. That is not fair to good houses. Buyers are confused by something like that.

Sorry if I stepped on your toes with my comment! I hadn’t thought about the fact that there might be owners of such houses here who could be bothered by the wording. My bad! The musty smell in that one house really bothered us, but presumably not every Okal house from the 70s smells like that.

2022-04-02 00:42:36

that there might be owners of such houses here who could be bothered by the wording.

I am not such an owner, nor do I have anything to do with them. But others also read this forum, and such a disparaging generalization makes it possible that such a house will be sold worse than it actually is. If there are pollutants inside, a buyer can have it checked accordingly.

Similar topics
17.04.2016	Value of land and bungalow B55	11
01.08.2013	Is the property right for us?	15
09.04.2014	Questions/neglected plot/meadow, determining construction measures	44
24.07.2014	Buy public parking lot next to the property	17
16.06.2015	Take the property or wait and accept the risk?	22
05.10.2016	House placement on the property, ideas sought	23
27.01.2015	Who has to support the property?	22
21.02.2015	Problem with shadow on the property...Assessment	12
14.03.2015	What would you build on this property?	16
24.04.2015	Non-buildable plot according to Paragraph 34?	13
17.08.2015	Expand property	11
28.08.2015	Alignment of rooms in a northeast plot	22
23.10.2015	Land reservation	17
08.01.2016	House placement on a small 448m² plot	56
05.01.2016	Building on the parents' property	12
30.07.2016	Neighbor is encroaching on the property	32
20.12.2023	Placement of house and garage on plot	12
30.03.2016	Remote gas pipeline on the property	16
09.06.2016	Plot of land on the federal highway, noise?	12
12.07.2016	House construction on narrow land? 3-family house already exists	56

Feasibility financing new construction (land + semi-detached house or semi-detached half)

Tassimat

bavariandream

bavariandream

ypg

bavariandream

ypg