Nurdach
2013-06-26 16:16:52
- #1
Hello dear forum participants,
I intend to buy a Nurdachhaus in northern Germany and wanted to hear your opinions on whether there are any important objections that I have not yet considered.
Situation: I (36, so to speak early retiree) currently live in a small but well-maintained 42 sqm condominium in a Munich suburb. The apartment is now worth a good 100,000 EUR due to the price increase (trend still rising) and should be easily sellable, as the supply of condominiums on the Munich real estate market is quite tight. However, since I don't actually want to live in a multi-family house permanently and don't have to work, I slowly see it as idiotic to live in the small apartment, although for that money I could also buy a small house in, for example, northern Germany. I am neither dependent on jobs nor otherwise bound by family, etc. I also prefer a rural life instead of city life because I basically just want peace and am willing to give up short shopping distances for it.
The plan: I intend to buy a Nurdachhaus with about 80 sqm of living space and a small plot (ownership plot). I thought of spending about 50,000 - 60,000 EUR on it. These things start (with ownership plot) at around 35,000 EUR, but for 50,000 - 60,000 there should already be something reasonably decent to buy, from what I have seen so far on Immoscout etc. The rest of the capital (no further capital except the apartment) I would definitely invest and use for necessary renovations etc. Ideally so that the amount maintains itself through interest. I have monthly income (fixed and secure) of about 900 EUR and I am used to getting by with little. There are no children or bottomless savings accounts. By the way, I am very familiar with roofs and I confidently trust myself to completely reroof and insulate such a Nurdachhaus by myself (I am physically fit). I would mainly heat with a wood stove (have wood delivered and chop myself).
Financial: I am aware that the financial framework could be more solid, but I think these Nurdachhaus are kept so simple that you can do a lot yourself (like the roof, from which practically the whole house consists) and due to the small dimensions, not much can come up in costs apart from the roof, I think. I would also build up at least 100 EUR monthly additional reserves besides the approx. 30,000 EUR left to me after deducting notary costs etc. I know what monthly costs in terms of property tax, sewage, garbage, etc. will come my way.
My questions to you: Do you basically consider it feasible with the budget if you do a lot yourself and is there anything special to consider with these Nurdachhaus? I am aware that they are mostly poorly insulated because they are often used only as holiday/weekend houses in the summer months. Also that, due to the slanting walls, there is little space for furniture is clear to me. Whether use as a primary residence is possible I would of course also find out beforehand (usually it is). Has anyone perhaps had their own experience with how the noise level etc. behaves in these holiday parks where these houses mostly stand? Do you have to expect noisy drunken parties etc. on weekends?
One more thought: Do you think it generally makes sense to pay a bit more for these houses (e.g. the 50,000 - 60,000) and thereby already have a good renovation status, or could it be worthwhile to buy "cheap" (from about 35,000) and renovate a lot yourself?
Thank you in advance and I look forward to all hints! If I have forgotten important things, please ask.
Kind regards, Bertel
I intend to buy a Nurdachhaus in northern Germany and wanted to hear your opinions on whether there are any important objections that I have not yet considered.
Situation: I (36, so to speak early retiree) currently live in a small but well-maintained 42 sqm condominium in a Munich suburb. The apartment is now worth a good 100,000 EUR due to the price increase (trend still rising) and should be easily sellable, as the supply of condominiums on the Munich real estate market is quite tight. However, since I don't actually want to live in a multi-family house permanently and don't have to work, I slowly see it as idiotic to live in the small apartment, although for that money I could also buy a small house in, for example, northern Germany. I am neither dependent on jobs nor otherwise bound by family, etc. I also prefer a rural life instead of city life because I basically just want peace and am willing to give up short shopping distances for it.
The plan: I intend to buy a Nurdachhaus with about 80 sqm of living space and a small plot (ownership plot). I thought of spending about 50,000 - 60,000 EUR on it. These things start (with ownership plot) at around 35,000 EUR, but for 50,000 - 60,000 there should already be something reasonably decent to buy, from what I have seen so far on Immoscout etc. The rest of the capital (no further capital except the apartment) I would definitely invest and use for necessary renovations etc. Ideally so that the amount maintains itself through interest. I have monthly income (fixed and secure) of about 900 EUR and I am used to getting by with little. There are no children or bottomless savings accounts. By the way, I am very familiar with roofs and I confidently trust myself to completely reroof and insulate such a Nurdachhaus by myself (I am physically fit). I would mainly heat with a wood stove (have wood delivered and chop myself).
Financial: I am aware that the financial framework could be more solid, but I think these Nurdachhaus are kept so simple that you can do a lot yourself (like the roof, from which practically the whole house consists) and due to the small dimensions, not much can come up in costs apart from the roof, I think. I would also build up at least 100 EUR monthly additional reserves besides the approx. 30,000 EUR left to me after deducting notary costs etc. I know what monthly costs in terms of property tax, sewage, garbage, etc. will come my way.
My questions to you: Do you basically consider it feasible with the budget if you do a lot yourself and is there anything special to consider with these Nurdachhaus? I am aware that they are mostly poorly insulated because they are often used only as holiday/weekend houses in the summer months. Also that, due to the slanting walls, there is little space for furniture is clear to me. Whether use as a primary residence is possible I would of course also find out beforehand (usually it is). Has anyone perhaps had their own experience with how the noise level etc. behaves in these holiday parks where these houses mostly stand? Do you have to expect noisy drunken parties etc. on weekends?
One more thought: Do you think it generally makes sense to pay a bit more for these houses (e.g. the 50,000 - 60,000) and thereby already have a good renovation status, or could it be worthwhile to buy "cheap" (from about 35,000) and renovate a lot yourself?
Thank you in advance and I look forward to all hints! If I have forgotten important things, please ask.
Kind regards, Bertel