House for 260,000 euros unrealistic?

2019-07-21 10:01:43

Why?! I am an advocate of not allowing oneself to be enslaved. It's always the same story, absurd prices that everyone still goes along with. Only in this way do 1000 square meters come about. Massive compromises are then made with the house. If you build a house, garage, storage room (because a basement is darn expensive), and garden shed, there is nothing left of a detached property! And don't tell me that 380 square meters is great. I have 489 square meters and they are not great so that I feel free. Everywhere I have to put up privacy screens for the neighbors. Then it’s better to have a condominium. We have the ground floor with a garden, are two units, and it only cost us 250k six years ago. By now it is already worth 360k if you believe the market prices. Madness

The criticism "condescending" was not directed at the content, but at the presentation of the opinion you "advocate."

2019-07-21 10:15:31

The problem is not the max. 260k€, but rather that the man and woman have a certain idea of the standard, and I bet that their expectations do not match the offer from Town & Country. Furthermore, the OP has no clue what civil engineering involves and what missing items await him, because turnkey does not include everything needed to move in. Just the shower cabins, lamps, and the platform alone will cost between 5-7k€, which the OP is not aware of, and these are only 3 examples of countless items that are not included in turnkey.

2019-07-21 17:20:08

I see it exactly like , fulfilling wishes is not a given and civil engineering costs money. As a layperson, you quickly end up about 50% over the targeted budget. And then the reserves decide: either tighten your belt or confidently say "oops." I know someone like that...

2019-07-22 11:35:59

Since apparently the TE does not have many requirements regarding the floor plan and equipment, I can well imagine buying an existing property at this point. If the plot is supposed to cost €1,000/m² for 380 m² (= €380,000) and then €260,000 remain for the house, there should be a budget of €640,000 if I am not miscalculating. I am not familiar with the area, but is it really impossible there to buy an existing property for about €400,000 and then make it nice with a renovation budget of more than €200,000 and adjust it a bit as you would like? The opinions heard here are mostly that absolutely no additions or changes to the house are allowed in order to meet this budget minus the cost of the plot. Personal financial possibilities have not been stated...

2019-07-22 12:04:49

I am not familiar with the area, but is it really impossible to purchase an existing property for around €400,000 there?

Well, the land price does not change for an existing property either. According to your calculation, this would mean that an existing property would only have a house value of €20,000 if it has a purchase price of €400,000 – so it would only be suitable for demolition and rebuilding.
To become cheaper, the only option is rural exodus, possibly combined with a lot of commuting to work, kindergarten and school, as well as to old friends and acquaintances.

2019-07-22 13:26:33

Well, the land price does not change for an existing property either.

Yes, it certainly does. We are currently selling our terraced house. The land is calculated in the purchase price determination at €350 per sqm. Anyone who owns an undeveloped plot (building land) locally easily gets €600 per sqm or more. When selling a house on almost 4000 sqm in Krefeld in the Komponistenviertel, it was advantageous to demolish the existing residential building because the building land without the house was worth significantly more. Now several houses stand on the plot. Building land enables densification and higher margins than the land on which a single-family house stands. Therefore, a plot with an existing single-family house can be considerably cheaper.

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House for 260,000 euros unrealistic?

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