How do I determine the house costs before buying land?

2019-07-17 14:13:30

What is the worst that can happen? You break up or the budget no longer fits in 2022. Then you simply sell the property again. So what.

Well... you could also sink a few thousand euros in incidental costs and possibly financing costs. I would at least make the effort to roughly check if I could manage with the budget with what I have in mind.

2019-07-17 14:46:41

Well... but you could also have sunk a few extra euros in ancillary costs and possibly financing costs.

So? Is that really so bad. If the situation is not ****, the land value will increase and the ancillary costs will possibly be cushioned. You cannot plan every possible life situation in advance and avoid all risks. I could also say: Don’t buy, because, for example, the divorce rate (besides separations of unmarried couples, which are not statistically recorded) in Germany is around 40%. One of you will lose the house or land anyway.

2019-07-17 14:57:16

If it is not a crappy situation, the land value will increase and possibly offset the additional costs.

If you buy that from the municipality/city, it is not uncommon for there to be a clause stating that if you do not build on it, you can only return it to the municipality at most. There is nothing about profit from land value increases.

You can't plan every possible life situation in advance and avoid all risks.

You are right, but if an initial assessment of the situation involves spending one day researching and possibly an hour talking with your partner to see whether budget and wishes roughly align, then that is probably time well invested.

If in this example here one finds that a house according to the wishes of the TE with land and so on costs a total of 600 thousand, but their budget is 450 thousand, why should they buy a plot of land only to find out in 4 years that if things go badly, it will be 100,000 more, but certainly not 150,000 less.

2019-07-17 14:59:25

If you buy it from the municipality/city, it is not uncommon for a clause to be included stating that if you do not build on it, you can only return it to the municipality at most. There is no profit from land value appreciation.

For example, we have to have a MOVE-IN READY HOUSE built within 3 years. And we are allowed to sell for OWNER OCCUPANCY earliest after 5 years. Otherwise, a €30,000 fine is due... Renting out is prohibited anyway...

But in this way, the municipality did something good. Many developers were interested!

2019-07-17 18:08:08

I also don't think that your ideas correspond to the adjective "simple". How many children do you want? 150m2 for 2 people is definitely not simple. I mean, that's your business, but space costs and every luxury costs extra. What is your current budget (including [Kinderplanung])? Building will certainly be more expensive in 4 years.

2019-07-18 06:49:36

Hello, I (f, 27 years old) am new here and am just at the beginning with my boyfriend (28 years old) of our dream home. In our place of residence, building plots will be sold in the next few months. We would very much like to purchase a plot there. We would start the house planning in 2022 and begin construction in 2023.

Does anyone here have an idea of the best way to proceed?

I would like to know what the desired house would cost before buying the plot. My boyfriend is a bit more relaxed about it since the prices will change until then. Would you have the house costs calculated before buying the plot? If yes, where?

We have already looked at many prefabricated house catalogs and have a rough idea of what the house could cost. But so far, all the prices are ones we researched ourselves.
We are expecting house costs of approximately €300,000-350,000 for a 150 sqm city villa with a garage. In addition, we want rather modern technology (heat pump, electric shutters, underfloor heating, etc.). The building site is in NRW.

What do you think?

Get advice NOW on what a standard house costs to get a sense of the price. You seem to be unsettled by your price research. Rightly so!

27 means that if construction happens, you will be 31 / 32?

How does that look with the desire for children and financial planning? Will you be able to afford it then?

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How do I determine the house costs before buying land?

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