ᐅ We are planning to build in 2022; the planning phase is beginning.
Created on: 6 Jun 2020 09:33
Y
Ybias78
Before I share the completed data, here are some details about our building project. We are still quite early in the process. About 2.5 years ago, we purchased a plot of land that we are currently paying off. The plot is located within the developed area of Fichtenwalde (about 50km (31 miles) south of Berlin) and is currently classified as forest. There are about 80 trees on the land. Converting it into a building plot is not a problem. However, there is a tree protection regulation, which means all trees must be replaced. The cost of felling the trees, including replanting and a financial deposit (in case the replacement trees do not survive), is around €20,000 (based on feedback from our neighbors who built last year).
We plan to start building the house at the beginning of 2022 and want to consult an architect by August 2020 to design the house and submit the building permit / planning permission application. While the building application is being processed, the land can then be converted, including tree removal. This will be paid for with the money we save from now until the new build. We don’t have any other equity. We moved in together around 10 years ago, during which time we had to pay off my student loans, buy two cars, etc. Our income has also increased over time.
We now need some help with the overall planning. As mentioned, our current plan is:
Here is the plot:
Information about us:
General information about you:
Expenses already included elsewhere can be omitted. This list is not exhaustive and can be extended or summarized. Please specify all costs monthly, even if they only occur annually!
Housing costs:
Other expenses:
General information about the property:
We plan to start building the house at the beginning of 2022 and want to consult an architect by August 2020 to design the house and submit the building permit / planning permission application. While the building application is being processed, the land can then be converted, including tree removal. This will be paid for with the money we save from now until the new build. We don’t have any other equity. We moved in together around 10 years ago, during which time we had to pay off my student loans, buy two cars, etc. Our income has also increased over time.
We now need some help with the overall planning. As mentioned, our current plan is:
- Consult an architect and plan the house by August.
- Submit the building permit / planning permission application in October.
- Tree felling can take place by the end of February.
- In 2021, we will look for a (most likely) regional company to build the house (recommendations welcome).
- From June 2020 to December 2021, the saved money will be spent on:
- Architect fees, tree removal, paying off the land including a €2,750 special repayment. A new car for my wife (approx. €10,000) will also be purchased.
- Cheaper items should also be covered, such as surveying, soil report, etc.
Here is the plot:
Information about us:
General information about you:
- Who are you?
- A family of three.
- How old are you?
- She is 38, he is 41, daughter: 8.
- Do you have children?
- Yes, a girl.
- Are more children planned?
- No others planned.
- What do you do professionally?
- She is a full-time teacher. He is a controlling manager for several hospitals (full-time).
- Are you employed, self-employed, retired, homemaker, etc.?
- Both employed.
- How many hours do you work?
- She works full-time with 27 teaching hours plus preparation and follow-up time. He works 40 hours.
- What are your gross/net incomes?
- She: €2,820. He: €3,000 (tax class IV/IV). This includes about €400 in company pension contributions. Additionally, there are annual bonuses of about €3,000 (not included in net income).
- How much child benefit do you receive?
- €204.
- Other transfer payments like parental allowance, sick pay, etc.?
- None.
- How much equity do you have?
- Currently negligible (under €10,000).
- How much of that equity do you want to invest in the house project?
- All of it.
Expenses already included elsewhere can be omitted. This list is not exhaustive and can be extended or summarized. Please specify all costs monthly, even if they only occur annually!
Housing costs:
- Current basic rent (cold rent)
- €390
- Current total rent (warm rent)
- €567
- Electricity
- €72
- Gas
- None.
- Water, sewage, waste disposal, street cleaning
- Included in additional costs.
- Telephone, internet, mobile phone
- €85 (including Amazon Prime and Netflix)
- Public transport monthly pass (also for children)
- None.
- Car loan (or savings rate for a new car)
- Currently none.
- Insurance
- €100 per month (one fully comprehensive, one partially comprehensive).
- Taxes
- €34
- Fuel
- €200
- Repairs
- €140
- Other
- Is there a second car, motorcycle, scooter? Please specify all costs again!
- Private health insurance (also supplementary health insurance, daily sickness allowance, etc.)
- Dental supplementary insurance: €37
- Liability insurance (including pets)
- €7
- Capital or term life insurance
- None
- Pension insurance (including company pension plans)
- Company pension contributions (already included in net income).
- Disability insurance
- None
- Accident insurance
- None
- Household contents insurance
- €7
- Legal expenses insurance
- €20
- Other insurance (e.g., travel insurance, funeral insurance)
- Groceries
- Difficult to plan.
- Dining out
- Personal care/drugstore
- Pets (food, vet, medication, housing)
- Medication
- Clothing
- Furniture
- Childcare/school fees (including meals)
- After-school care €190 including meals
- Tutoring
- School supplies and books
- Club fees/gym
- Student association: €20
- Gym: €25
- Daughter’s music school: €66
- Babysitter
- Toys
- Cleaning
- TV/video/audio/CDs/DVDs
- Tickets (sports, cinema, concerts, etc.)
- Donations
- Student association: €15
- Other
- Vacation
- House
- Retirement
- Hobbies/gifts
- Other
- Total: €2,250
Other expenses:
- Alimony?
- Loans?
- €250 for the land.
- Other?
- Anything forgotten? Please add here!
- Total income: €6,024
- Total expenses: €3,769
- Balance: €2,255 (saved).
- Including cold rent and optional savings (e.g., savings rate for the house).
General information about the property:
- How large is the plot?
- 1,447 sqm (15,575 sq ft)
- What are its dimensions?
- 20 m (66 ft) road frontage x 72 m (236 ft)
- What is the land value?
- €120 per sqm
- New build, renovation / year built, house type?
- New build – L-shaped bungalow (we are still very early in planning)
- Garages?
- Depends on the budget.
- How big should the house be? (living area / usable area)
- About 140 sqm (1,507 sq ft)
- What is the market value of the land and house after completion?
- Land approx. €200,000 + house €350,000 = €550,000
- Land cost:
- Current outstanding debt €42,000
- Development costs
- Plot is fully developed.
- Acquisition incidental costs (notary, court, property transfer tax, realtor)
- Building or purchase costs (including architect, structural engineer):
- €300,000 budgeted.
- Renovation or restoration costs
- Additional building costs (e.g., utility connections, soil expert, construction electricity, etc.)
- Planned: €50,000
- Outdoor facilities/terrace, paths, landscaping, fences, etc.
- Depends on the total costs.
- Financing costs (fees or commitment interest)
- Total costs
- Remaining debt on the land + new build: Planned financing amount: €400,000
- Kitchen costs
- €10,000
- Furniture, lamps, decoration
- Mostly furniture will be kept and replaced gradually.
- Other "non-acquisition, incidental acquisition, construction, or additional building costs"
- Total costs:
- €400,000
- Deductible equity
- €0 (will be used for clearing the plot; €25,000).
- Financing amount
- €400,000
OK, then a bit less brief but still not too long. We will not be able to completely move away from burning oil, coal, and gas for many decades to come. To reduce overall emissions, it would therefore be beneficial if trees could permanently store CO2 and thus contribute negatively to the CO2 balance. Burning wood releases the CO2 that would otherwise have remained stored in the tree. Simply put: climate neutral is better than climate harmful, but not as good as climate improving.
I have never claimed otherwise. But your sentence:
rdwlnts schrieb:suggests that you think burning wood is harmful to the environment. However, as you yourself say, it is not. On the other hand, you could argue that trees need to be cut down so that new trees can grow, or that heating with wood (carbon neutral) instead of oil (carbon harmful) is better for the overall balance since it generally results in less CO₂ that trees would have to absorb, and so on. But I think we are hijacking the thread here, the topic is not that simple.
I don’t want to come across as a big environmental activist either, but we really need to stop burning things all the time!
rdwlnts schrieb:That says it all!
Carbon neutral is better than carbon harmful but less good than carbon improving.
Oh, a quick addition for consideration: You wrote, "To reduce overall emissions, it would be beneficial if trees permanently captured CO2 and thus contributed negatively to the CO2 balance."
It has already been clarified that this is not accurate because trees do not permanently store CO2; they do so only as long as they are growing. That’s why the term “climate neutral” is used. If standing trees improve the CO2 balance but release it again when they die, what will you do in 100 years when you have to offset both the prevailing CO2 balance and the emissions from the decaying trees? Plant even more trees? And 100 years later, even more? Until there is no more space left on Earth?
Trees do not contribute to improving the CO2 balance because CO2 is merely transferred from one reservoir (air) to another (tree). The CO2 already exists and is not eliminated by the tree. The only way to improve the CO2 balance is simply to produce less CO2. Therefore, it makes no difference whether you burn a tree or not, as long as at least one new tree is planted. The new tree then absorbs again the CO2 released by the one that was burned.
Edit: I find this topic quite interesting and open for discussion. We can certainly start a new thread about it.
It has already been clarified that this is not accurate because trees do not permanently store CO2; they do so only as long as they are growing. That’s why the term “climate neutral” is used. If standing trees improve the CO2 balance but release it again when they die, what will you do in 100 years when you have to offset both the prevailing CO2 balance and the emissions from the decaying trees? Plant even more trees? And 100 years later, even more? Until there is no more space left on Earth?
Trees do not contribute to improving the CO2 balance because CO2 is merely transferred from one reservoir (air) to another (tree). The CO2 already exists and is not eliminated by the tree. The only way to improve the CO2 balance is simply to produce less CO2. Therefore, it makes no difference whether you burn a tree or not, as long as at least one new tree is planted. The new tree then absorbs again the CO2 released by the one that was burned.
Edit: I find this topic quite interesting and open for discussion. We can certainly start a new thread about it.
Had the appointment with the general contractor today. He was very unprepared. I’m currently testing my nonexistent patience.
But in the end, it was good. He said that if everything goes well, the building permit / planning permission application should be planned for the end of October. The official site plan is not available yet. Also, I will first sign a planning contract with him, where 5% of the total amount must be paid (but this is included in the price and will be deducted from the construction contract). 50% is due upon submission of the building permit / planning permission application. The remaining 50% is due after 5–6 weeks.
One question regarding financing. I would like to arrange this only at the end of the year due to interest on standby loans. Can I already submit amounts I have paid, such as:
- Surveyor
- Soil report
- Planning contract
and get reimbursed?
But in the end, it was good. He said that if everything goes well, the building permit / planning permission application should be planned for the end of October. The official site plan is not available yet. Also, I will first sign a planning contract with him, where 5% of the total amount must be paid (but this is included in the price and will be deducted from the construction contract). 50% is due upon submission of the building permit / planning permission application. The remaining 50% is due after 5–6 weeks.
One question regarding financing. I would like to arrange this only at the end of the year due to interest on standby loans. Can I already submit amounts I have paid, such as:
- Surveyor
- Soil report
- Planning contract
and get reimbursed?
P
pagoni202022 Sep 2020 19:16How long is the construction period planned or guaranteed? And from which point in time does this apply to you?
pagoni2020 schrieb:
How long is the planned/guaranteed construction period? And from which point does this apply for you?The construction period guarantee is 8 months. From that point on, I receive €200 per day. I have a price guarantee until at least the end of next year.
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