ᐅ How much additional cost is expected based on the structural engineer’s calculations?
Created on: 11 Jun 2023 11:17
L
Lauralila88
Hello,
I have to admit that we approached the house construction quite naively...
We have already signed the detailed construction plans, and now the construction company wants us to waive our right to special termination in writing – is that even legal?
Now to the main question: we signed a fixed price contract (turnkey), but the site manager said that the price might change again after the structural engineer's calculations???? I mean, we won’t make any more changes to the plans, and we have already budgeted with the bank based on the known price – is this normal? It feels like buying a pig in a poke!
Best regards
I have to admit that we approached the house construction quite naively...
We have already signed the detailed construction plans, and now the construction company wants us to waive our right to special termination in writing – is that even legal?
Now to the main question: we signed a fixed price contract (turnkey), but the site manager said that the price might change again after the structural engineer's calculations???? I mean, we won’t make any more changes to the plans, and we have already budgeted with the bank based on the known price – is this normal? It feels like buying a pig in a poke!
Best regards
11ant schrieb:
Whether the problem lies in the client wanting to deviate from a standard plan or in large companies with big legal departments knowing very well how to legally take advantage of laypeople, in the end, it’s all the same, right?
If simple solutions are preferred, I still believe that the local builder “Bricklayer’s Son and Grandson” best maintains its reputation through flawless workmanship. You are, of course, right, but there are also fraudsters or companies that go bankrupt. Everything has its pros and cons. For regional construction firms, I would definitely look for solid references. In our case, these came from local banks and financial advisors. Everyone said that our general contractor (GC) does good work. The bank we ended up with was even a bit flexible with the interest rates because of that.
It is recommended in all cases to have a rough understanding of what is happening and which steps are important.
X
xMisterDx11 Jun 2023 22:49hanghaus2023 schrieb:
And under no circumstances should you waive my special termination right. Then she can just cancel and withdraw the contract tomorrow.
The cancellation period lasts 14 days, after which it becomes legally binding. By waiving this, you avoid the 14-day waiting period. This is absolutely standard practice, since no one signs a contract worth 450,000 EUR (about 485,000 USD) on a whim. At least, I hope not.
jrth2151 schrieb:
You’re of course right about that, but even there, there are scammers or companies that go bankrupt. Everything has its pros and cons. For regional construction companies, I would definitely look for solid references. Not only regional ones—“too big to fail” is a widespread misconception. To reduce the risk of bankruptcy, big names deliberately choose company shells that were founded during the Kaiser era ;-)
jrth2151 schrieb:
For us, it was regional banks and financial advisors, for example. Everyone said our general contractor was doing good work. So the bank we ended up with was even a bit lenient with the interest rates. Yes, that’s good. They know which loan securities retain their value and where there are disputes about the release of retention payments.
jrth2151 schrieb:
Understanding roughly what is happening and which steps are important is recommended in all cases. The thing is, “wanting to remain and stay a layperson” is a main reason why some go straight to a general contractor. That hardly goes well together with having to educate oneself.
https://www.instagram.com/11antgmxde/
https://www.linkedin.com/company/bauen-jetzt/
11ant schrieb:
That should then be for your bride searchThe wedding has already taken place.
ypg schrieb:
The wedding has already taken place.Possibly the right of withdrawal could still be exercised, if the original poster wishes.W
WilderSueden12 Jun 2023 11:40I also consider this a definitely worth considering option. When I read statements like this, it seems like a disaster waiting to happen. Every construction goes over the estimated budget, and if an extra 2000€ (about 2200 USD) can’t be afforded at the start, it will become a problem later on.
Lauralila88 schrieb:
We couldn’t suddenly spend 20,000 euros (about 22,000 USD) more. We found out the day before yesterday that we also need a sump pit for the basement according to the soil report – we hadn’t planned for that either because the architect said drainage would be enough…