Mika_66
2021-01-03 14:57:08
- #1
Good day dear house building forum,
Initially, our plans were based on our relatively large plot (46x16m, near the city center - Münster sqm price around 10€) to build a single-family house or a two-family house next to our house. After longer consideration, we have come to the conclusion that this project might not be the best idea, as almost only equity would have flowed in there.
The current idea is simply to tear down our house (80 years old, very aged) and move into the multi-family house, so that we can occupy about 100sqm or slightly less. It is important for us that it is built barrier-free, as our current house is anything but that. We also know that we need to speak with a financial advisor and are currently in constant exchange regarding taxes, loans, and general financing costs.
Am I right in thinking that it would be good to build a single-family house of about 350-400sqm, which includes several residential units, so that the KFW subsidy can be applied for multiple times per residential unit?
The budget is around 900 thousand euros, as this would still be an acceptable equity ratio, right?
We already have a new residence for the construction period. We also know that such a large construction is not without challenges and are currently only planning roughly and have several appointments next week with builders, architects, and a financial advisor.
This should first bring some clarity for us about what the hurdles are, how much money we can get from the residential units, etc.
We also know that you can’t just contact a company and they will start next week ^^, so we are starting now. What do you think, if we intensively start now and get in contact with companies, when can such a house be built? The current house can be torn down very quickly.
We are relatively new to this field, which is why we have now also sought advice from experts. We would be grateful and thankful for a certain assessment and evaluation! Are 2000€ per sqm realistic for a house of this size?
Regards and a good start into the new year
Mika
Initially, our plans were based on our relatively large plot (46x16m, near the city center - Münster sqm price around 10€) to build a single-family house or a two-family house next to our house. After longer consideration, we have come to the conclusion that this project might not be the best idea, as almost only equity would have flowed in there.
The current idea is simply to tear down our house (80 years old, very aged) and move into the multi-family house, so that we can occupy about 100sqm or slightly less. It is important for us that it is built barrier-free, as our current house is anything but that. We also know that we need to speak with a financial advisor and are currently in constant exchange regarding taxes, loans, and general financing costs.
Am I right in thinking that it would be good to build a single-family house of about 350-400sqm, which includes several residential units, so that the KFW subsidy can be applied for multiple times per residential unit?
The budget is around 900 thousand euros, as this would still be an acceptable equity ratio, right?
We already have a new residence for the construction period. We also know that such a large construction is not without challenges and are currently only planning roughly and have several appointments next week with builders, architects, and a financial advisor.
This should first bring some clarity for us about what the hurdles are, how much money we can get from the residential units, etc.
We also know that you can’t just contact a company and they will start next week ^^, so we are starting now. What do you think, if we intensively start now and get in contact with companies, when can such a house be built? The current house can be torn down very quickly.
We are relatively new to this field, which is why we have now also sought advice from experts. We would be grateful and thankful for a certain assessment and evaluation! Are 2000€ per sqm realistic for a house of this size?
Regards and a good start into the new year
Mika