Hello building experts,
I want to build a KfW55EE bungalow with 100m2 (approximately 1,076 sq ft) turnkey with Heinz von Heiden in Saxony.
The plot is provided by my parents, 1800m2 (about 30x60m / 98x197 ft), relatively flat.
A sewage connection was laid and paid for years ago. A few small shrubs and trees need to be removed.
I am 52 and my wife is 47 years old, so we don’t have much time left to pay off a loan.
I currently earn €3000 and my wife €1500. We still live in Bavaria at the moment and will have to change jobs anyway because we need to move. We currently rent and pay €1250 including utilities for 115m2 (about 1,238 sq ft).
We have around €100,000 in savings, but we only want to use about €45,000 as equity in the financing to keep sufficient reserves for the upcoming move and any unforeseen expenses.
The turnkey bungalow, including groundwork and soil survey, should cost €178,000. We plan to do some work ourselves, such as painting walls and installing the flooring. We also plan to build a prefabricated garage, 6x4m (about 20x13 ft), for one car, bicycles, and garden furniture storage (around €10,000).
What additional building-related costs should we plan for, and which of these costs should be included in the financing?
We would be very grateful for any advice.
I want to build a KfW55EE bungalow with 100m2 (approximately 1,076 sq ft) turnkey with Heinz von Heiden in Saxony.
The plot is provided by my parents, 1800m2 (about 30x60m / 98x197 ft), relatively flat.
A sewage connection was laid and paid for years ago. A few small shrubs and trees need to be removed.
I am 52 and my wife is 47 years old, so we don’t have much time left to pay off a loan.
I currently earn €3000 and my wife €1500. We still live in Bavaria at the moment and will have to change jobs anyway because we need to move. We currently rent and pay €1250 including utilities for 115m2 (about 1,238 sq ft).
We have around €100,000 in savings, but we only want to use about €45,000 as equity in the financing to keep sufficient reserves for the upcoming move and any unforeseen expenses.
The turnkey bungalow, including groundwork and soil survey, should cost €178,000. We plan to do some work ourselves, such as painting walls and installing the flooring. We also plan to build a prefabricated garage, 6x4m (about 20x13 ft), for one car, bicycles, and garden furniture storage (around €10,000).
What additional building-related costs should we plan for, and which of these costs should be included in the financing?
We would be very grateful for any advice.
BertramK schrieb:
I want to build a KfW 55 EE bungalow with 100m2 (1,076 sq ft), turnkey, with Heinz von Heiden in Saxony. Use the search function first for "Lieblingsheinz" by @fach1werk ;-)
https://www.instagram.com/11antgmxde/
https://www.linkedin.com/company/bauen-jetzt/
Congratulations on the plot 🙂
Since I am familiar with the scope of work from Heinz von Heiden, I would round the house costs up to at least €200,000.
Connections to the house still need to be paid for.
I would estimate €40,000 for additional construction-related costs, plus €20,000 for flooring and painting included as electrical work, and €30,000 for exterior landscaping.
You should include all calculated construction costs, including materials and electrical work, in the financing. It’s advisable to have somewhat more equity.
BertramK schrieb:
The bungalow is supposed to be turnkey, including site preparation and soil survey, costing €178,000.
Since I am familiar with the scope of work from Heinz von Heiden, I would round the house costs up to at least €200,000.
BertramK schrieb:
A sewage connection was installed and paid for years ago.
Connections to the house still need to be paid for.
BertramK schrieb:
What additional construction-related costs should we plan for, and which costs should be included in the financing?
I would estimate €40,000 for additional construction-related costs, plus €20,000 for flooring and painting included as electrical work, and €30,000 for exterior landscaping.
You should include all calculated construction costs, including materials and electrical work, in the financing. It’s advisable to have somewhat more equity.
P
Pinkiponk19 Jun 2021 16:25Welcome, we are also building a prefabricated house in Saxony (turnkey, including floor coverings and walls) and have relocated to this beautiful federal state from Baden-Württemberg. 🙂
I have a list of all the possible items that can come up during the house construction. However, it is quite extensive and might not fully apply to you. If you would like me to share it anyway, please let me know.
All the best. 🙂
I have a list of all the possible items that can come up during the house construction. However, it is quite extensive and might not fully apply to you. If you would like me to share it anyway, please let me know.
All the best. 🙂
H
hampshire19 Jun 2021 16:43Besides the costs, it is important to consider what happens with the income. Will it stay the same? Will it increase or decrease? Is there any risk (probation periods)?