Plot purchase + Prefabricated house what to consider + Costs (Realistic?)

  • Erstellt am 2014-11-29 10:02:48

Leoo2014

2014-11-29 10:02:48
  • #1
Hello,

I looked at a plot of land a few days ago, 302 sqm. This plot is being sold "privately," but the construction company of the prefabricated house has a say in it so that probably only they are allowed to build on it (I THINK, IT COULD BE THAT I'M TALKING NONSENSE). The fact is, the plot would cost €90,000 (comparatively very cheap when you see what plots cost here in the Stuttgart area, where you already pay more than €250,000 for just over 100 sqm).

Overall, there is a proposal from the company for a total of €340,000 (WITH land). It would be a prefabricated house with a basement and about 150 sqm of living space. Additionally:

Additional purchase costs (notary and property transfer tax) approx. €6,000,
Additional construction costs (earthworks, house connections, fees, etc.) approx. €28,000 (I personally am calculating another €15,000 here).

The house would be completely finished except for floor coverings and painting work. I would or could also contribute these myself as sweat equity!

The property transfer tax applies only to this part because the seller from the house construction company told me that the plot is purchased SEPARATELY from a private party and only here the GES (tax) must be paid. Is that correct? This is also contractually separated!

So now let’s assume these €340,000 as the "proposal" given + purchase/construction additional costs. The seller (who is also the one who handles the building permits, sketches, etc., the architect—I'll just call him the seller now) said it could be cheaper because I had indicated I want:

A: NO basement
B: 130-135 sqm living space would also be sufficient

Do you think I can get to a total of €300,000 + purchase/additional costs or is that unrealistic?

One thing is certain: we are interested in this building plot, we like the location, etc. On Wednesday, the gentleman would come and discuss exactly what we want with us and make a cost estimate including all costs that would come up. It is clear to me that "what is not in the contract will not be performed." We will get to that later. It's not like we will sign immediately!

I also want to say that we don’t have many wishes regarding the room layout, etc. We have already seen this company’s model houses in standard version and could even imagine adopting one 1:1 without "I want the window there," "I want the stairs there," etc. I understand that with prefabricated houses, if you change something, you have to pay more. However, the seller also told me that a lot is very customizable without additional costs because they have many different variants.

Best regards

LEO
 

nathi

2014-11-29 21:24:58
  • #2
I would assume that the tax office sees this as a linked transaction and also wants the real estate transfer tax for the house. Other people can probably say more about the remaining points, although I do not know if the information is sufficient.
 

ypg

2014-11-29 23:12:33
  • #3


Anything else would be implausible and hard to justify!

Regards Yvonne
 

Doc.Schnaggls

2014-12-01 08:31:37
  • #4
Hello,

in this constellation it can be assumed with almost 100% certainty that the tax office considers it a linked transaction and therefore the real estate transfer tax is due on the property and the house.

The clerks in the tax offices are not as stupid as is often claimed.

With this statement I would rather doubt the competence (or honesty) of the seller of the construction company...

If you assume a value of EUR 1,500.00 per sqm of living space, you already come to EUR 195,000.00 for the house at 130 sqm. Then add the ancillary construction costs of about EUR 40,000.00, the property EUR 90,000.00 + ancillary costs - total about EUR 331,000.00 , you see that you will have a hard time managing with EUR 300,000.00.

Possible with very cheap interior fittings - but do you really want that?

Regards,

Dirk
 

Bauexperte

2014-12-01 09:50:58
  • #5
Hello,


Keep in mind: the moment the free choice of builder is lost, it’s no longer two separate legal transactions!


This reminds me of the advertisement "Basement for €9,999.99" and in the fine print it says: "without interior walls, without windows, without stairs, without interior doors, without electricity."

Calculate for yourself:

€340,000 total
Land: €90,000
Construction ancillary costs: €35,000–40,000

Leaves €210,000 for house construction.

150 sqm living space, built to KfW 70 standard: €240,000; purely according to energy saving ordinance maybe €225,000
Usable basement: €40,000
Painting & flooring as own work: €20,000
Outdoor facilities as own work: €10,000 (only the absolutely necessary)

Resulting—in a KfW 70 build—a deficit of €100,000; built to energy saving ordinance a deficit of €85,000.

This estimate does not include reserves for extras, nor a garage, nor the obligatory kitchen.


See above.

If you cannot independently choose who builds on this plot, the tax office happily charges real estate transfer tax on house and land together; there’s no getting around it.


All of this does not sound very truthful to me—from the seller’s side. BEFORE you sign even a tiny scrap of paper, I strongly advise you to check the provider; definitely have the entire contractual structure professionally evaluated. If my suspicion about the provider is correct, once you sign, you won’t get out of it anymore.

Best regards from the Rhineland
 

Leoo2014

2014-12-01 13:23:58
  • #6
Hello,
I contacted the land seller directly today.
There is absolutely no obligation to build with this contractor. I can buy the land from him and build wherever I want!

Well, my total budget is 350,000€

The gentleman is coming on Wednesday and we'll see what comes of it!

p.S.: I have checked the provider. Neither on Google nor at the consumer advice center/authority have I heard or read anything negative! Has been around since about 1960!
 

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