Prefabricated house or solid house companies - budget

  • Erstellt am 2020-05-13 12:56:03

Cary2020

2020-05-13 12:56:03
  • #1
Hello everyone. As you can see, I am new here and looking for advice. We are 25 and 27 years old, both employed, and our monthly net income is €3100. We have no equity (we are already aware of the risks). Now, by chance, we have a piece of land in sight. Far and wide, it is the only one that meets our expectations (small, no more than 500 m²). It was more or less a "random find." Although we agreed that we want to build a house someday, we did not expect it to be right now. We want to build on the edge of the Harz mountains, in Lower Saxony. That’s the basic data.

In the past few days, we have spent a lot of time on the topic but have not come to any real conclusions yet. Initial telephone appointments with banks have taken place; without equity, it is not impossible, and there were also very reputable, well-known banks involved. Further appointments with first companies and other banks are planned for next week. But I would also like to exchange ideas with "normal" homeowners to get realistic assessments because we may also belong to these "normal homeowners."

Does anyone have experience with building a house in our income range? Is it feasible not only on paper but also in reality?

Then the big question arises whether we want a solid house or a prefabricated house. Twenty years ago, when my parents built, prefabricated houses were still frowned upon. Nowadays, this has probably improved immensely. Basically, we are still undecided. We see major advantages in prefabricated houses with the absence of moisture, clearly the price (is that really so?), and according to reports, there is less botched work. I hope to gain some experience from you on this.

The last point, of course, is to contact companies. I am a bit wary of regional developers and would rather get in touch with "larger" companies like Viebrockhaus (probably very expensive), Massa Haus, Arge, etc. Here too, I hope for an initial exchange with you.

As you can see, we are still at the very beginning and would like to bring a bit of orientation to our chaos of thoughts. Thanks in advance for your effort.
 

Cary2020

2020-05-13 13:01:01
  • #2
Additionally, I should probably add that we really have very modest requirements. A maximum of 120 m², no basement, no fancy frills, exterior work completely done by ourselves. We only want to have the house built with finished bathrooms. Painting and laying the flooring should also be done by ourselves.
 

Lumpi_LE

2020-05-13 13:05:25
  • #3
How much is the plot supposed to cost? Sounds like not a solid basis for now. Buy the plot, pay it off over 5-10 years, and then use it as equity for building the house - save and earn more until then. That would be my first thought.
 

Cary2020

2020-05-13 13:10:27
  • #4
The plot costs 16,000 € developed. That was actually our idea as well, but the city stipulates that construction must begin within one year after purchase.
 

Alessandro

2020-05-13 13:11:42
  • #5
and how much credit would the bank approve for you?
 

Cary2020

2020-05-13 13:15:29
  • #6
According to the very first findings (but as said, we are still at the very beginning) 250,000 to even 300,000 €. Ideally, we do not want to exhaust everything, but also do not want to save in the wrong place.
 

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