Land prices and standard land value and tips for land search

There are still building plots available in Verl-Kaunitz, also in Delbrück-Schöning and Lippling, and an NBG is planned in Hövelhof-Riege... are you up to date?

Thanks for the tips, I'll check them out. My research hasn't revealed anything for the region, except for the climate settlement in Sennestadt.

There are still building plots available in Verl-Kaunitz, also in Delbrück-Schöning and Lippling, and an NBG is planned in Hövelhof-Riege... are you up to date?

I just checked. Schöning, Lippling, and Riege are too far south for us, but Kaunitz fits perfectly. The application will go out today, thank you very, very much, Jean-Marc, the tip is worth its weight in gold. Keep your fingers crossed for us.

already checked with the loan broker. 525k would be financeable in total, so that the annuity burden does not overwhelm us (interest burden + expected incidental costs correspond to slightly more than the current rent, repayment is considered part of the savings rate, there is still a buffer within the savings rate for other asset building and we keep some of our equity to have a financial buffer for unforeseen events). Overall, about 550k would be available for land and house construction

So it comes down to 100% financing?

Maybe someone from the region can tell me roughly what amount to expect for a bungalow without a basement with 130m² living space, ideally a KFW40+ house/passive house.

I can't estimate a bungalow. But a "normal" house should still be possible in OWL, subject to current material price developments, to build for 2000€/sqm. But then rather a square, practical, good KFW cube. So: why a bungalow? You complained about the high land prices? We have a 648sqm plot with a building envelope of 14x10m - there would be no 130sqm living space left. I would already consider our plot large and far from cheap.

Let's calculate the other way around:
550k€ capital
175k€ land
50k€ incidental costs
25k€ the essentials for the garden

= 300k€ for the house.

That would be 150sqm basic standard. Possibly more if planned with EL and family conditions. However, then probably painting and floors would have to be done by ourselves.

So it comes down to 100% financing?

If you calculate without equity, yes. But as I said, there is still room for improvement. There would be more equity available, but it was important to us to keep a safety buffer.

Why a bungalow? You complained about the high land prices? We have a 648 sqm plot with a building area of 14x10m – there wouldn’t be more than 130 sqm of living space left. I would already consider our plot large and by no means cheap.

A bungalow because my partner often has problems climbing stairs due to a chronic illness, and there is a certain probability that barrier-free living will become an issue for her in the future. However, it is not a must for us, but if you build barrier-free right away, you might save yourself stress in the future.

Let’s calculate the other way around:
550k€ capital
175k€ land
50k€ additional costs
25k€ the essentials for the garden

= 300k€ for the house.

That would then be 150 sqm basic standard. Possibly more if you can plan with equity and family discounts. However, you would probably have to do the painting and flooring yourself.

Thanks for the assessment. My estimate for the house was about 2500€/sqm. Are the additional costs really that high? I would have assumed about half that. I would have estimated the rest the same as you, of course without any experience, just a gut feeling.

until we are perceived as locals,

You won’t become locals even if you’re extroverted and join clubs. That comes across wrong here – at least that’s how it reads. The purpose of the locals model is precisely not to give priority to people like you.

And yes, you can spot vacancies from a moving car.

But you don’t do business from a moving car, nor do you make contacts that way.

Desired area would be the region south of the A2 between Bielefeld and Gütersloh, rural).

Maybe in an emergency, the radius shouldn’t be drawn too narrowly?

Thanks for the assessment. For the house, my estimate was about €2500/sqm. Are the additional costs really that high? I would have expected about half. I would have estimated the rest as you did, of course without any experience, just a gut feeling.

There’s a lot to read in the construction costs subforum as well ;)

And yes, you can recognize vacancy from a moving car.

You see me astonished :)
Are you sure that you seriously want to find?