Please give your opinion: Is the project feasible?

Good morning

regarding our semi-detached house we already have an interested party (he only knows about our plans, so we haven't offered it either, that would be too early) a realtor has confirmed our price expectation and we ourselves have been researching on the various real estate portals for a year. Comparable properties are offered there for 30-40 thousand euros more and are obviously also being sold. Of course there will certainly be negotiations, but it certainly won't be about 50,000 euros. We rather expect more than less. This price expectation is set rather cautiously.
what does GU mean? Sorry for the question...
we would have a smaller construction company as a favorite. They have a very good reputation in our area, are reasonably priced and we hope that they might be a bit more flexible with e.g. providing the concrete or something like that. We just have to see. I mean the most important thing would be that the house is built and everything else like e.g. paving the driveway can come later.
Although we would rather not want to do without a garage at first.
But if it simply isn’t in the budget anymore, then it just won’t work

.... Thanks already for your opinions, they really help :rolleyes:

GU means general contractor/general service contractor, that is, a company that builds the house for you... you go there, express your wishes, and they realize everything for you...

Hello, a silly question. Who made the cost estimate for the new building BEFORE? Have you already talked to builders? Surely you will get an amount X financed, but I think you are putting the cart before the horse here (selling the house before fixing the cost estimate & applying for the loan). Was the construction time also planned? Either you need a place to stay when the house is sold or even more capital for interim financing of the proceeds from the semi-detached house that is supposed to be used. The purchase price will certainly not be paid after the notary appointment if you want to stay in it for a while.

Hello,

we have not been to any construction company yet, nor have we had an offer created. I thought the plot of land should be fixed first before I go to the builder? We have estimated the construction costs, visited house exhibitions, researched on the internet, etc. It is first about a rough estimate. We went to our house bank, got advice, and defined the financing framework. We do not want to sell our house and then see if we build. We will sell only when everything is fixed. Regarding the interim financing, we would either have a monthly additional burden for the time being or, if a buyer is found soon, we would move into my mother's vacant apartment. But I also need to know beforehand approximately how much we can expect from the proceeds of the house sale.

The way it reads, this is the correct approach. You have to look into every corner: how expensive will the house be, what limit do the banks give, what does the house sale bring? You have already included the bridge financing.

I would then start the sale soon... it can happen quickly, but it can also take time. You can talk to potential buyers and postpone the handover accordingly. We are also "in between," (since October). Since we were able to stay rent-free in the house until September after selling our townhouse (Dec 2012), the sales proceeds have already come in, we only had operating costs, and now staying temporarily with my parents, we save an incredible amount every month :cool: Much depends on the sale: money and time. Then you can plan the details further.