ᐅ Turnkey Construction, Land, and Prices

Created on: 13 Jul 2015 09:47
D
DDre
Hello everyone,

It’s been a while, and fortunately, I’ve learned a lot since then, also thanks to many justified skeptical opinions.

Since we didn’t get the plot last year, our application for a new 555 m² (approximately 6,000 sq ft) plot under the local resident allocation model is currently with our local market. The decision on whether we will be allocated one this time will be made in September, but things look promising!

As land prices here have increased by more than €50 per m² (approximately $5 per sq ft) since last year, our budget has naturally been expanded. Our current target and maximum spending limit is €400,000 (including equity), preferably less, but that’s where we stand at the moment.

A basement is not feasible from a cost perspective, so we have decided on a single-family house with around 140–160 m² (approximately 1,500–1,700 sq ft) and a double garage with an adjoining annex at the back for garden furniture and such. Of course, it’s possible the double garage will become a single garage with a carport, but that will become clearer during detailed planning as we look for some savings to invest money better elsewhere.

Currently, we are considering between Danwood (a prefabricated house KfW70 standard) — with which two of our friends have had good experiences — and an Austrian Passive House with even greater energy efficiency due to new and special insulation.

Here is roughly my cost breakdown, now much more realistic than it was a year ago. Maybe some of you might find something that stands out.

Land: €122,100
Notary: €2,500
Property transfer tax: €1,500

Water connection: €500
Water meter connection/end device: €702
Electricity: €1,500
Telecom: €500
Multi-utility connection: €1,500

Building survey: €2,000
Building permit/planning permission application: €4,000
Grounding/earthing: €1,000
Official fees: €1,000
Multi-utility connection: €1,000
Construction electricity / water: €500
Site toilet: €250
Debris container: €900
Earthworks: €8,000

Double garage with side room and foundation slab: €20,000
Landscaping / exterior work: €8,000
Prefabricated house Danwood: €205,000 after material selection, including foundation slab


Best regards,
Dirk
DDre16 Nov 2015 14:34
Correct, the plot can only be built on starting in August, meaning the foundation slab can be laid at the earliest from that time.

I have gone over this repeatedly with a few providers, but none can complete the construction in time to avoid us having to bear dual financial burdens once the bank’s interest-free year expires, which is a very realistic concern.

After the appointment for site setup, the construction period for the houses is 4 to 8 weeks. Since our house is one of the middle-sized ones, with 156m² (1680 sq ft) of living space over two floors and no basement, a completion time of around 6 weeks is expected. Based on experience, this is quite realistic unless something unforeseeable happens or defects are found during the planned handover that need to be remedied before moving in. As previously mentioned, you should keep in mind that we will hardly contribute any own work on site due to both time constraints and lack of expertise.

The financing was signed with the bank in September and is documented in writing both at home and with our real estate agent.
O
oleda222
16 Nov 2015 15:19
DDre schrieb:
The houses have a construction period of 4-8 weeks after the installation appointment. Since our house is one of the medium-sized ones, with 156m² (1680 sq ft) of living space on two floors without a basement, a completion time of around 6 weeks can be expected.

I doubt that the house size is the decisive factor for the construction time. It is more likely the complexity of the fittings.
DDre16 Nov 2015 16:30
You can certainly do that, but everyone will tell you that a house with 129 m² (1,387 sq ft) requires less time to complete than a house with 156 m² (1,679 sq ft) or 180 m² (1,938 sq ft), and so on... (Weberhaus, ELK, Danwood) were all the same statements that confirmed this for us and also make sense.
N
nordanney
16 Nov 2015 16:48
Try to let go of the idea that you can move in immediately after the house is completed. In our neighborhood, it usually took about three months after the house was erected. The house itself was finished in around eight weeks (for example, two Gussek Haus houses), but then there were still painting works, repairs, kitchen installation, and so on.

House assembly took place at the beginning of October, and occupancy was around early to mid-January.
DDre17 Nov 2015 08:11
One needs to follow a plan, and it is clear that you should have a buffer in time to avoid ending up without a roof over your head in the end.
B
Bauexperte
17 Nov 2015 10:55
Hello,
DDre schrieb:

... everyone will tell you that a house with 129 m² (1387 sq ft) requires less time than a house with 156 m² (1680 sq ft) or 180 m² (1937 sq ft), etc... (Weberhaus, ELK, Danwood) — these were all the same statements that were confirmed to us and also make sense.
This only applies to the shell construction or the production process of a prefabricated house.

The conventional interior finishing (applicable to both prefabricated and/or solid construction houses) usually takes 3 months; sometimes even longer if, for example, a complex electrical installation or similar has been agreed upon or needs rework. The 6–8 weeks you mentioned is probably related to your signature on the contract. The fine print surely includes some exclusions.

Regards, Bauexperte