ᐅ Planning to build a house: what budget should you expect nowadays?

Created on: 1 Jan 2023 16:22
R
rulor1992
Hello everyone,

I would like to get a rough estimate in advance of what we might expect for a future house.

In our former rural hometown, building plots will soon be developed. Due to the current situation, almost all previously reserved plots have become available again.

We have an appointment soon to discuss the building plots. They are all between 500-650 sqm (5382-6997 sq ft) in size and are supposed to cost between €160-180 (per sqm), which is quite high for this location.

Is it still possible to negotiate prices, or are the local authorities strict? We are considering buying two plots to reach about 1000 sqm (10,764 sq ft) in total.

The plot would be purchased without taking out a loan.

What are the current prices for a single-family house with two full floors and a basement in a higher-quality finish?

Since I am currently self-employed, my income fluctuates significantly. The business is planned to be moved into the basement. Of course, this still needs to be approved by the local authority to see if it is allowed.

It is an online shop with current pre-tax profits of €400,000 annually.

Maybe you can give me a brief outlook on the upcoming project.

Thank you
R
ruby27
26 Feb 2023 16:21
Oh, no, the additional construction costs are not included in this budget; it is really only for the house and the outdoor areas.
schubert7926 Feb 2023 18:49
You will stay well below 800 TEU.
R
ruby27
26 Feb 2023 19:35
That sounds good! I’m really looking forward to both offers and will happily share updates here. The extras we want are pretty much fixed for us as well. For the kitchen, standard/mid-range is fine; we don’t need any expensive frills. It definitely won’t be more than €20,000 (about $22,000). Oh, and we want an air source heat pump with photovoltaic panels, but that’s pretty standard these days.
X
xMisterDx
26 Feb 2023 19:42
I just ordered a kitchen, nothing fancy, from a fairly affordable manufacturer, through an acquaintance... almost 10,000 without appliances. I think the 20,000 will be reached faster than you think.
P
Pitiglianio
26 Feb 2023 20:45
Kitchen, and considering a certain minimum size based on your house size, you will not come in significantly below 20,000. More likely significantly higher.
Photovoltaics are still not standard. Expect an additional 25,000 on top.
Heat pumps are standard in new builds, OK.
Winniefred26 Feb 2023 20:49
xMisterDx schrieb:

I just ordered a kitchen, nothing fancy, from a fairly affordable manufacturer through an acquaintance... almost 10,000 without appliances. I think that 20,000 will be reached faster than you expect.

And on Saturday we planned our kitchen at Ikea for 8,000€ (around 8,800 USD). Everything went smoothly as long as you keep an eye on the costs. We didn’t really have to make any compromises.