Is this a bait offer with hidden costs?

Hi, I searched for houses in a well-known house search engine and found something but am totally confused about the following listing. Does this really exist for the price???????? Or is it expensive? It is a shell house, that I understood, but otherwise? It is apparently the company M..sa.

Brand low-cost house with affordable building land in the residential program 143,000 EURO
158 m2, with basement

Property description

This attractive low-energy house meets all the requirements a family has for living space - equipment and energy saving.
The construction corresponds to the latest standards of thermal insulation.
The house also impresses with a top price/performance ratio.
- Sunny building plot with projected shell house including basement
Construction and completion by arrangement.
- Including architect, surveying services, and soil investigation.

Of course, the construction of one of our over 40 other house models in sizes
100 - 220 m² is also possible on this plot.

We would be pleased to welcome you to a free and non-binding consultation appointment
in our show house with the latest geothermal heating system.

!!! Heating without gas and oil - save up to 75% of your heating costs !!!

!!! All our houses can be offered to you in the subsidized KfW Efficiency House 70 standard !!!

Equipment

Included in the purchase price:
the building plot in the municipal building land program (info on request), the full basement, and of course the dream shell house in top quality from the German market leader for shell houses.

Of course, we also offer you the house turnkey - ask us about it.

Hello,

Hi, I searched for houses on a well-known house search engine and found something and am totally confused because of the following ad. Does this really exist at that price???????? Or is it expensive? It’s a shell house, I got that, but otherwise?

Who can do the math is clearly at an advantage

If you now assume that the mentioned price applies exclusively to the shell house, you come to €905.00/sqm _without_ basement; that is within the green range if by shell house a “refined shell” (shell, external plaster, windows and roof) is meant. The advertisement gets a “funny taste” because the equipment also includes a full basement. Apart from the fact that there can be no full basement included at this sqm price, I consider even a simple concrete basement (4 walls and done) very unlikely.

According to the object description, the plot is also included in the offer price. Even if it should be in the Takka-Tukka land – no plot can be that inexpensive for the advertised calculation to work. And by the way, if you prefer a developer project, real estate transfer tax is due on house and land; depending on the tax office, between 3.5% and 4.5% of the total purchase price => additional construction costs.

I would rather assume – since this amazing price also includes the soil survey and the surveyor, that the offer is a clever advertisement for self-builders; this is also supported by the frequent use of subjunctives and thus - if you consider quality, required time/experience and calculate all expected costs until completion - everything but cheap.

Anyway, I am always surprised how naive potential builders can be. Nobody gives anything away and a certain amount of house always costs a certain price. Anything that shoots up, but definitely down, belongs to the realm of dreams – but should be handled with utmost caution.

Kind regards

Should you just stay away from it right away or at least ask about it? So I think the building land thing is probably ground lease (that is possible in my city, but not everywhere). But it’s not free either. Personally, I just find the ad strange or it sounds like a lot more is coming our way.

Hello Family79,

calculate with double the price until the move-in ready condition, if it is still cheap for you then, I would have an offer made.