House Building Forum - Would you buy or build a house again?

  • Erstellt am 2015-12-11 11:09:48

Farilo

2017-10-18 11:40:05
  • #1

In my opinion, this is the best way for people who could not pay off a dream house in a "short" time.
All done right!
 

Nordlys

2017-10-18 13:15:58
  • #2
To chand. I am liberal, Protestant, skeptical of the financial world and our currency, and therefore do not consider investing in land unwise. The church example should not say more than that. Karsten
 

chand1986

2017-10-18 15:07:17
  • #3


Then I overinterpreted it, because there was actually a lot more implied than you really wanted to say. Sorry.
What is wise and what is not depends on the objective. If safer preservation of value is the goal, land is definitely much wiser than many other things. I just had other goals in mind and therefore consider other things wise accordingly.

No hard feelings.

It’s nice to see that most people in the thread would build again. That is a sign that they are happy with their decision. That is the most important thing.

If they still are in 30 years, they have done everything right.
 

Bieber0815

2017-10-18 19:54:56
  • #4
The price increase recently observed in agricultural land has a significant cause in our financial system and the prevailing investment shortage there ("interest rate crisis"). There is so much capital in the world and so few safe, attractive investments that precisely the prices of real estate increase.

In my opinion, the advantage of land is especially that it is not destroyed in war (probably devastated, but not directly destroyed*) and also hardly/late expropriations take place [In the GDR there was a land reform, yes, focused on the topic of this forum, but it can be noted that single-family houses and other real estate ownership were quite common and accepted]. Apart from that, other "real" assets (company shares) are also valuable. This is proven by various companies that also survived wars and other crises.

However, these are IMHO mainly arguments that apply very long-term and in certain catastrophe scenarios. Those who assume "normal" conditions and have normal (limited) means, in my opinion, do best with a bank savings plan or an ETF savings plan. Almost no effort and hardly any costs; attractive return opportunities. Why should one invest that little free capital in land, where first the notary and state take their share? In my opinion, this only pays off with larger sums, i.e., the upper (one?) percent of the population and serves there for further diversification.

*Exceptions: Fukushima, Chernobyl.
 

Winniefred

2017-10-18 20:06:26
  • #5
By the way, we don’t think that buying or building a house is the only right thing. We were renters for a long time and were also satisfied with it. Ultimately, we decided on the house because rents had increased so much and then we simply bought right away (together with low interest rates, this just seemed more sensible to us) and also because we absolutely wanted to move back to the old neighborhood and no suitable four-room apartment could be found anywhere. Renting has many clear advantages. Which side outweighs for whom is something everyone has to decide for themselves. Although we are now homeowners, we still believe that renting often makes sense.

By the way, we have 100m2 of floor space, plus about 40m2 of basement and a garage as well as a garden shed. Before, we had the same living space but without outbuildings and basement and only a small rented garden (now 650 m2 of land area). It currently costs us 36% of our total income. But only as long as I don’t work. When I start working again, we will be at about 22-28%.
 

Winniefred

2017-10-18 20:13:53
  • #6


I think it’s right that you handled it this way. We also researched new builds intensively and had a rather bad feeling with many providers. And now we are simply very satisfied with our old building. We knew what we were buying, everything was already there. No compromises on location were necessary, but other compromises that you probably always have to accept with an existing house as long as you can’t spend €500,000 and up. Good luck with your further search!
 

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