Rough cost estimate for a single-family house

Hello nordanney,
thank you for the assessment!

Hello Clairiana,

you don’t need to explain about the children and the visit. It’s already clear. We have 3 boys, so the space requirements are similar and decluttering is also problematic. We have the same issue with visits. My suggestion was just to think about the topic of "size" in case you were shocked by the price. Downsizing in terms of space is of course always difficult.

But often it is thought the other way around. For example, starting with 95 sqm and then finding some house with 200 sqm that you like. Then it becomes difficult mentally to adjust back to 130 sqm, even though 130 sqm is sufficient for the living situation and fits better with the budget than the 200 sqm. But this isn’t about the budget here.

Are you sure that your "wandering phase" is over? We thought a long time about whether now is the right time and place to settle down.

Best regards

Michael

Hello Clairiana,

well, you have already covered or considered all eventualities. From my observation, unfortunately, a lot has happened with house prices in the last 3-4 years. Because of the low interest rates, a lot is being built, high demand with a stable supply situation drives prices. And land prices have also developed dramatically in recent years. Where we currently live, 5 years ago the sqm in a new development area cost about 140 euros. Currently, another new development area is being planned. They are currently expecting sqm prices of about 220-250 euros!

Well, with the 600,000 euros you are not so far off with the "cheap" option. Since flooring, painting, garage, and garden are considered separately, the 50,000 € additional costs seem very generous. Of course, it also depends on what you include here, what the soil conditions are, etc.

I would now simply talk to a few providers (e.g., the mentioned construction company) and see what offers come in. Then you will get a better feeling for the prices and costs of your dream. At the same time, already start addressing the topic of financing.

Regarding your last question: We are currently in the middle of the construction phase in northern Lower Saxony (between Hamburg and HB). A "normal" single-family house with 149 sqm living space. It will be finished in August, and we are currently working in the garden every free minute ;)

Best regards

Michael

We are currently building in Niedersachsen (Region Hannover) a 140 sqm one-and-a-half-story house (Kfw 70 standard) on a 570 sqm plot for an eventual cost of about 320,000 EUR. Therefore, 600,000 EUR is set a bit too high. Our house costs just under 200,000 EUR brick by brick with solid interior walls and a double garage.

Hello Wallyfan,
thank you for your reply. :)
Hannover is not that far from our future location. Who are you building with, an architect, developer, or contractor? Do you have a unit price for the solid double garage and are you building it "all in one hand" or did you contract it out separately? How big will it be, width by depth?
The price of 200,000 EUR including the double garage is practically sensational. Is that then a finished design?
Does that really include everything – painting, tiles, electric shutters? And what kind of home technology (gas, geothermal, ...) did you decide on?
Best regards!

Hello,

The price of 200,000 EUR including double garage is simply sensational.

You should try to banish this price information from your mind as quickly as possible because you will not be offered this. In the Hanover region, building costs are lower than in southern Lower Saxony. In addition, square meter figures cannot be compared monetarily; which type of building, which equipment, which technology, etc.

Your initial post reflects quite realistic values; calculate with these and you will always be on the safe side.

Rhenish greetings