In many cases, owning a home is the largest investment in the life of the average earner. In this article, we will explain how much an average single-family home can cost and how you can save money on construction using an example.
Small size - less cost
The small size of the single-family house compared to other house types also offers a price advantage: If a one-family house and a two-family house with comparable equipment are built, the savings can reach significant five-digit amounts.
- Also read - The cost of a single family home
- Also read - The single family home - a statement of costs
- Also Read - The Cost of a Home Appraisal
But small does not automatically mean cheap: Due to the countless possibilities for individualization that can be found in both prefabricated and solid construction, single-family houses can also be expensive. Therefore, you should not rely on the relatively small size, but always keep an overview of the construction costs.
Prefabricated or solid house: which is cheaper?
Prefabricated houses are considered the cheap alternative to solid houses, but that's true? Usually yes, since a prefabricated house can be industrially manufactured and thus requires less effort than the "brick-on-brick" variant. Nevertheless, there are numerous options for customization in modern prefabricated buildings, which are becoming increasingly popular with building owners and of course cost more than the standard model from the catalog.
Therefore, the price savings compared to solid houses are sometimes very low, which is why your personal taste counts: Better a significantly shortened construction time or a more solid structure that can score in terms of sound insulation?
The sample project
For our example we take a massive single-family house with a floor area of 120 square meters. In order to make the overall calculation realistic, all costs are calculated, including those of the associated land, the area of which is 500 square meters. Of course, both property and construction prices can vary greatly depending on the region and the companies involved.
|1. Single-family house (massive, 120 sqm floor space)||120.000 EUR|
|2. basement, cellar||40.000 EUR|
|3. Plot of land (500 sqm)||35.000 EUR|
|4th. Interior finishing work||60.000 EUR|
|5. Terrace and garden design||15th.000 EUR|
|6th. Organizational matters (notary, building permit)||10.000 EUR|
How can you save costs??
Good organization and planning saves a lot of money when building a single family home. When planning, set a clear financial limit in order to better plan the financing. If you don't, individual items add up to a total that can far exceed your estimate.
Also important: Small savings, at whatever point, also play a decisive role: If you pay attention to possible savings during the entire construction process, this will be clearly noticeable in the final amount.Tips & Tricks Compare the prices of different companies or companies to get a rough overview of what is on offer. The most expensive provider is not necessarily the best; Experience from other builders usually helps more.