Hello everyone.
My wife (41) and I (47) want to build a house.
Region:
Kaiserslautern district (20km (12 miles)), Rhineland-Palatinate
House:
Solid bungalow, approx. 125sqm (1350 sq ft) with partial basement (including garage), underfloor heating, air source heat pump with controlled ventilation.
Simple design. Turnkey.
Plot:
800sqm (8600 sq ft), on a south-facing slope, road runs parallel to the slope.
Slope: approx. 19% gradient. Over 35m (115 ft), it drops 7m (23 ft) to the south.
Plot is already owned and paid for (30,000). Soil survey is available.
Infrastructure:
Gap site, supply and disposal lines run in the street next to the property boundary (approx. 2-5m (7-16 ft)).
Development plan:
Gap site, no formal development plan. Preliminary building inquiry resulted in: development according to §34.
"Development is permitted if it fits in with the type and extent of existing buildings, the construction method, and the developed area of the neighboring properties."
Finances:
Joint monthly net income: 4000.-
Children: 1, already 17 years old (no more planned).
Equity: 50,000.- available, another 100,000.- locked in until the end of 2021, building plot (see above)
We currently live rent-free in our own three-family house in the city.
Rental income: Ground floor: none (my mother lives there), 1st floor: 600.- net rent, 2nd floor: we live there ourselves (will be rented out upon moving. approx. 650.- net rent).
Joint monthly expenses (total): approx. 2900.-
So monthly savings are 1100.- plus rental income as above.
Therefore, approx. 1100.- plus rental income is available for financing.
We have made a rough cost estimate so far.
Please correct any possible miscalculations on my part!
Plot costs including incidental costs: 30,000.- (already paid)
House costs (bungalow): 125sqm (1350 sq ft) * 2000.- = 250,000.-
Partial basement with integrated double garage: 50,000.-
Additional building costs: 80,000.-
Outdoor facilities: 20,000.-
Buffer: 20,000.-
Total budget approx. 450,000.- gross
Is this realistic?
Attached you will find a cadastral map and a rough idea of the exterior view from the street.
(The current slope is shown in green.)
I am open to any suggestions. Thank you.
My wife (41) and I (47) want to build a house.
Region:
Kaiserslautern district (20km (12 miles)), Rhineland-Palatinate
House:
Solid bungalow, approx. 125sqm (1350 sq ft) with partial basement (including garage), underfloor heating, air source heat pump with controlled ventilation.
Simple design. Turnkey.
Plot:
800sqm (8600 sq ft), on a south-facing slope, road runs parallel to the slope.
Slope: approx. 19% gradient. Over 35m (115 ft), it drops 7m (23 ft) to the south.
Plot is already owned and paid for (30,000). Soil survey is available.
Infrastructure:
Gap site, supply and disposal lines run in the street next to the property boundary (approx. 2-5m (7-16 ft)).
Development plan:
Gap site, no formal development plan. Preliminary building inquiry resulted in: development according to §34.
"Development is permitted if it fits in with the type and extent of existing buildings, the construction method, and the developed area of the neighboring properties."
Finances:
Joint monthly net income: 4000.-
Children: 1, already 17 years old (no more planned).
Equity: 50,000.- available, another 100,000.- locked in until the end of 2021, building plot (see above)
We currently live rent-free in our own three-family house in the city.
Rental income: Ground floor: none (my mother lives there), 1st floor: 600.- net rent, 2nd floor: we live there ourselves (will be rented out upon moving. approx. 650.- net rent).
Joint monthly expenses (total): approx. 2900.-
So monthly savings are 1100.- plus rental income as above.
Therefore, approx. 1100.- plus rental income is available for financing.
We have made a rough cost estimate so far.
Please correct any possible miscalculations on my part!
Plot costs including incidental costs: 30,000.- (already paid)
House costs (bungalow): 125sqm (1350 sq ft) * 2000.- = 250,000.-
Partial basement with integrated double garage: 50,000.-
Additional building costs: 80,000.-
Outdoor facilities: 20,000.-
Buffer: 20,000.-
Total budget approx. 450,000.- gross
Is this realistic?
Attached you will find a cadastral map and a rough idea of the exterior view from the street.
(The current slope is shown in green.)
I am open to any suggestions. Thank you.
M
Mottenhausen8 Apr 2019 20:58We have set aside an overall contingency of about 10% of the total project cost for all unforeseen expenses and upgrades. In this context, €20,000 may not necessarily be sufficient, depending on how you want to equip and upgrade your house. That said, your secondary construction costs budget is relatively generous and will cover some unexpected costs.
Georgie schrieb:
Partial basement with integrated double garage: 50,000.-I’m no expert on basements, but that seems a bit low to me. Well, the surplus will cover the additional construction costs.
Terrace facing the driveway? Is that intentional?
Thanks in advance for your answers.
@Mottenhausen
The miscellaneous construction costs are quite high, yes. But that’s due to the sloped plot, which is currently my biggest uncertainty.
Earthworks and foundation... hmm.
The contingency of 20,000.- is therefore a bit smaller, but hopefully it will increase once I can better estimate the earthwork costs.
@ypg
Right now, I can’t really estimate the cellar costs either. However, it won’t be too large since we plan to build offset from the bungalow “with the slope” to minimize digging and soil removal.
The cellar size, together with the double garage, is just under 60sqm (645 sq ft).
The terrace or balcony faces the driveway side, as that is the view down into the valley (south side). Another terrace facing the garden is planned on the southwest side.
Attached are a few screenshots for better understanding.
Please take a look and feel free to provide feedback...
@Mottenhausen
The miscellaneous construction costs are quite high, yes. But that’s due to the sloped plot, which is currently my biggest uncertainty.
Earthworks and foundation... hmm.
The contingency of 20,000.- is therefore a bit smaller, but hopefully it will increase once I can better estimate the earthwork costs.
@ypg
Right now, I can’t really estimate the cellar costs either. However, it won’t be too large since we plan to build offset from the bungalow “with the slope” to minimize digging and soil removal.
The cellar size, together with the double garage, is just under 60sqm (645 sq ft).
The terrace or balcony faces the driveway side, as that is the view down into the valley (south side). Another terrace facing the garden is planned on the southwest side.
Attached are a few screenshots for better understanding.
Please take a look and feel free to provide feedback...
Similar topics