Purchase Price Evaluation New Build REH Bavaria - Price Plausible?

  • Erstellt am 2018-10-10 23:35:45

neutronbx

2018-10-15 14:01:11
  • #1
Was a few days on the road and just read your posts about it. No, my inquiry is not about the property of Baustolz in Ingolstadt Hagau. We actually looked at it but quickly dismissed it, as the layout is ultra narrow and did not leave the most valuable impression. It also has no underfloor heating. That should actually be a given for a property from 2018. I am talking about a property in Rohrbach that is no longer available online. Pure construction costs ready to move in 297,000€ for the end terraced house. My core question is still the same: what may a m² construction that meets all recognized standards cost in the region along the A9 between Munich and Ingolstadt? Attention, I am not talking about land prices but purely about construction costs.
 

Mottenhausen

2018-10-15 14:20:29
  • #2


exactly as much as you or someone else are willing to pay for it! I mean, what do you want to do with that info? Person XY paid 100€ more or less per m². And... so, are you seriously making your decision to buy or not depend on that?
The location suits you, you have the money or can finance it, you like the property, currently real estate prices are rising relentlessly. ...what are you waiting for?

maybe there is still a little room for negotiation on the total sum, you can always ask.

PS. As hinted right on page 1: for me it would be too expensive since I wouldn’t earn that much more in your region than I would have to pay extra... therefore my decision to stay here in the East and build turnkey at 1800€/m² or buy the land at 150€/m². But you will also find someone in your region who paid 500€/m² for land and 3000€/m² for the house, because it’s worth it to them and they can afford it.
 

neutronbx

2018-10-15 23:02:09
  • #3


If you’re in a joking mood, you can apply this approach to almost anything. For example, how much does a BMW 5 Series cost? Exactly as much as I or someone else is willing to pay for it? Sure, but that’s probably not an especially helpful answer. The correct answer would be to say value creation price + manufacturer’s profit margin (simplified). And for a used one, as a rough guide you have the Schwacke list. In the case of a house, it’s material costs + labor costs + fees/taxes. If I know how house prices are composed, I’m much better able to judge whether I’m willing to pay the extra price a developer is asking or not. And even with amounts beyond half a million euros, I can still say: Hey, this is a good deal, because I have collected numbers, data, and facts to be able to assess an offer. So back to the question: approximately how much does 1 sqm of standard quality construction cost in the very expensive region between Munich and Ingolstadt?
 

ypg

2018-10-15 23:45:59
  • #4
I still don't understand why you ask when you can see it in black and white yourself and calculate it. If I, as a North German, can open Google Maps and Immoscout, call up projected houses or houses within the radius I am looking for, then I can find projects in my desired standard within half an hour and calculate the average costs if I know how much the square meter of land costs in my area or the one shown. You as a South German can do that just as well. Or not? With you Bavarians, one never knows...

Edit: I wanted to upload a screenshot of the displayed average price, but it's too large. You can check it yourself.
 

yellow_ms

2018-10-16 06:26:06
  • #5
The car comparison is a bad example. There are official list prices and you can very transparently determine how much discount there is for a specific equipment.

If anything is difficult when building/buying a house, then it is definitely price transparency.
 

Scout

2018-10-16 07:31:27
  • #6


But that doesn’t help you. With a terrace roof, that might still work: if it’s too expensive, you just buy an aluminum profile and custom-fit panels from the glazier and build it yourself. But what do you do with the 5 Series if, in your opinion, it’s being sold too expensively – build it yourself? Okay, you can buy another car, but then it won’t be a 5 Series, it will be another brand. Let’s say Dacia.

But if you think 500,000 EUR for 140 m² in Ingolstadt is too expensive, okay, then you just buy another "brand" analogously. But here the "brand" is less the 140 m² of built-up space and more "Ingolstadt," meaning the location. Then it will rather become Eichstätt, Weißenburg, or Beilngries... Here, the location corresponds more to the brand than the bricks and plaster. We are talking about real estate! You can change the bricks themselves, but not the size and the location.

You might get bricks and plaster somewhere cheaper, but what good is that? Do you have your own plot or a chance at one as you estimated cost-wise? Then build yourself! Building a row house yourself will be difficult, 140 m² in total with a basement will definitely cost you at least 350,000 EUR, gray hairs included. Then you have a detached single-family house, not a row house. However, it will be more than just tight with your 240 m² of land. So that doesn’t work either! So if 500,000 EUR is the limit, then apparently only something like that is possible in IN, or you move further out. Or you just leave it entirely.
 

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