Our life project: Single-family house with 800 m² living space

The high society lives in the Main-Taunus or Hochtaunus district ;)

The high society lives in the Main-Taunus or Hochtaunus district ;)

However, the budget will only be enough for the plot.

Where the 800sqm are supposed to come from ... you can build an appropriate cubature from the outside, develop 200sqm inside, and simply hide the rest behind a wall. The fake society will surely understand that ;-)

800sqm is not that much. With an indoor pool and wellness/fitness area, 300sqm can quickly be gone.

Since I apparently overlooked at first that it is supposed to be a weekend house, I am withdrawing my statement about the equity from the existing property.

since this construction project is anyway only a second house, which is intended to be used as a weekend house.

I also overlooked the underground garage. In this respect, I would reconsider the costs of the project (very neutrally)

Construction or purchase costs (including architect, structural engineer): estimated 1,000,000 - 1,500,000

800 sqm in high-quality and extravagant execution are definitely not 1,000,000 - 1,500,000, that is much more: At a minimum of 3,000€/sqm we are at 2,400,000 for the house, for the 400 sqm cellar for the vehicle fleet we take 1,000€/sqm... with additional construction costs we are at 3 million. Then a plot of land of 500,000, on the outskirts of the province... well then: there are now 150,000€ equity against that. That brings me back to my first note -> there is no financing from the bank, no matter how large and lucrative the practice is. Furthermore, such a project is practically unsellable by the bank in case of disposal, because the market has no buyers.

Cost breakdown: Total costs: 1,500,000 Deductible equity: e.g. 150,000€ Financing amount: 1,350,000€

800 sqm of living space is not that much. For example, a generous guest area, ballroom, and a matching kitchen are sufficient. You can also use up the space very quickly if you "appropriately" display art.... There are no limits to imagination.

In my opinion, the art should hang here in the notary’s office. In terms of costs, a crazy idea. My advice: take the 150,000 equity, lease a big motorhome instead of a 3 million weekend house and present yourself with it - there are always admiring eyes that you can impress. But envy is something else. It is not always envy when down-to-earth fellow humans find something great, but too huge and unnecessary - and therefore doubt the motives, especially in today’s times.

Overall a somewhat depressing thread.

I have a property on offer with great connections and the chance to sell such an estate again someday. In my opinion, there were already some plans with up to 1600 sqm living space, but back then listed for around 16 million in my opinion.

Sounds stupid, but at least Hoch-/Main-Taunus district, this is nothing unusual... Your budget from the first post is usually already due for a standard single-family house with 200 sqm. Economically, such a residence makes no sense in my opinion as a new build in the middle of nowhere but only in a location that can be liquidated if necessary, so in Hesse really only Rhine-Main. Bad Homburg, for example, has many houses of this size and even larger both with the Hardtwald and otherwise, and these are traded; on the Kassel slope, you will probably never get rid of the bunker again or only with massive loss of value.

What I find quite cute is your enthusiasm for doing it yourself. We also plan a lot of own work regarding interior finishing, but in the described representative environment, I would not trust myself because the conditions are quite different from a standard single-family house. Example: laying tiles no problem, marble slabs up to the ceiling is something different, assembling an Ikea kitchen chill, Siematic with 10 cm stone countertop never, and that probably runs through the entire construction.

I am trying to take it seriously, but there are some statements that make me doubt.