ᐅ Is our construction project feasible? Is our budget sufficient for it?
Created on: 11 Aug 2018 15:10
A
AndreasGMT
Hi,
I’m new here.
Regarding our plans, my wife and I are planning to build our single-family home within the next 1.5 years.
We have a plot of land that is expected to be designated as a building area next year. This is almost certain. The plot has a slight slope, so a basement will be necessary. Development costs will naturally be an additional expense.
We are planning a house of about 160–175 m² (1,722–1,884 sq ft), if it fits within our budget.
Our budget is approximately €430,000 for the house, development costs, additional construction expenses, kitchen, garden, and a carport (prefabricated garage), as mentioned, the land is already available.
As personal contribution, we can install interior doors, lay flooring, and fit windows, the front door, as well as roller shutters and blinds, since we will purchase these directly from the supplier at cost price and install them ourselves.
In your opinion, is this feasible? Is our budget sufficient?
Thanks in advance for your answers.
I’m new here.
Regarding our plans, my wife and I are planning to build our single-family home within the next 1.5 years.
We have a plot of land that is expected to be designated as a building area next year. This is almost certain. The plot has a slight slope, so a basement will be necessary. Development costs will naturally be an additional expense.
We are planning a house of about 160–175 m² (1,722–1,884 sq ft), if it fits within our budget.
Our budget is approximately €430,000 for the house, development costs, additional construction expenses, kitchen, garden, and a carport (prefabricated garage), as mentioned, the land is already available.
As personal contribution, we can install interior doors, lay flooring, and fit windows, the front door, as well as roller shutters and blinds, since we will purchase these directly from the supplier at cost price and install them ourselves.
In your opinion, is this feasible? Is our budget sufficient?
Thanks in advance for your answers.
Grantlhaua schrieb:
I can roughly tell you the bigger items off the top of my head. I’d have to check the list tonight for the total.
Additional construction costs (notary, insurance, connections, etc.) around 20,000
Shell construction 174,000
Roof including exposed roof truss in the garage and metal roof on the bay window 34,000
Heating (air-source heat pump with 1,200 liters (320 gallons) buffer tank and underfloor heating throughout the house) 43,000
Central ventilation system 8,500
Kitchen 20,000
Flooring calculated at 50 €/m² (will be self-installed, and we will probably choose one that is a few euros cheaper)
Screed 5,750 €
Windows 20,000
Exterior blinds 10,000
Garage door 3,100
Front door 6,000
Paving 5,000 (self-installed)
Bathroom fixtures and fittings 17,000
Fireplace 13,000Well, half is still missing... Don’t get me wrong, I’m not trying to doubt that. But I think that would be quite at the lower end of the range based on what I’ve seen recently. As of today, our costs are going in a similar direction... although with 40 m² (430 sq ft) less space and a carport instead of a garage...
I worked backwards:
500,000
- buffer tank 20,000 (?)
- double garage 35,000
- exterior works 25,000
- kitchen 20,000 (you mentioned this above)
400,000
- additional construction costs 30,000
370,000
- basement 60,000
310,000 / 184 m² (1,980 sq ft) = 1,685 € per m²
… with high-quality finishes? Wow… or am I missing something here?
But congratulations if it works out.
G
Grantlhaua13 Aug 2018 09:25face26 schrieb:
Well, half is still missingAs I said, these are just the figures I have in my head right now, which are fixed or have written quotes.
6,500€ for the interior doors just came to mind.
However, we have planned far less for the exterior areas. Basically, nothing except paving for the terrace and the lawn. Since we own a front loader and a vibrating plate compactor, we don’t need a landscaper or anything similar. Also, a terrace roof is not planned for the time being.
Grantlhaua schrieb:
The windows are aluminum-plastic composite. "High quality" here means well made. Aluminum-wood windows would have cost an additional 3,000.
The ventilation system is complete. We were really lucky to get a very, very good offer.
Plastering definitely doesn’t cost 40,000. It will be somewhere around 30,000. At least not here in our rural area.
We will do the painting ourselves. Paint is budgeted at 2,000€. 2,000€ (approximately $2,150) is easily needed for the interior paint. What about the exterior? And plastering for 30,000 is not possible, even in rural areas.
Bookstar schrieb:
It’s realistic, but the screed price seems very low to me.We are paying €3500 (gross) for the calcium sulfate-bound heated screed and cement screed in wet rooms. The area is 147 sqm (1582 sq ft), which also includes the leveling insulation layer. It is even installed by someone who is, incidentally, a screed expert. So the price is realistic.
We have a quote for a single garage (but extended length) at €9500 gross. A double garage at €35,000 is excessive; I would recommend continuing to search and negotiate.
In my opinion, this is sufficient, especially considering all the self-performed work.
Bookstar schrieb:
You’ll easily need 2000 liters for interior paint. What about exterior? And 30,000 for plastering is no chance, even in rural areas.That depends on whether exterior insulation is planned. We are paying 45,000 euros gross for both interior and exterior work, drywall work plus the ETICS insulation system. The insulation alone costs around 21,000 euros and can theoretically be deducted.
And we are building near Frankfurt, so not exactly in a rural area.
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