Goldelse
2021-04-27 14:29:13
- #1
Hello,
We have surprisingly discovered a plot of land in the Berlin suburbs that we like. As everywhere, it is of course not exactly cheap. We then had 350,000 EUR left for the house, ancillary construction costs, and a buffer. Can you build a 120-130m2 single-family house (simple standard, no basement, flat plot) for that?
I found the following:
House: 2000€/m2 -> 240,000
Ancillary construction costs: 15-20% of the house price: 50,000
Buffer approx. 10% of the total project: 60,000
Total 350,000
We received similar figures from a solid house provider: 230,000 for the house, 70,000 ancillary construction costs...
Additional financing would be easily possible in an emergency (private loan from a family member), but we don't want to borrow more money.
So, can you still build a house with this budget? Or would it be better to leave it? Building plots here go quickly, so we should decide quickly.
Thank you very much.
We have surprisingly discovered a plot of land in the Berlin suburbs that we like. As everywhere, it is of course not exactly cheap. We then had 350,000 EUR left for the house, ancillary construction costs, and a buffer. Can you build a 120-130m2 single-family house (simple standard, no basement, flat plot) for that?
I found the following:
House: 2000€/m2 -> 240,000
Ancillary construction costs: 15-20% of the house price: 50,000
Buffer approx. 10% of the total project: 60,000
Total 350,000
We received similar figures from a solid house provider: 230,000 for the house, 70,000 ancillary construction costs...
Additional financing would be easily possible in an emergency (private loan from a family member), but we don't want to borrow more money.
So, can you still build a house with this budget? Or would it be better to leave it? Building plots here go quickly, so we should decide quickly.
Thank you very much.