Hello,
this thread is for those readers who, like us, often feel a bit lost here.
We are about to sign a contract for building a house to KfW 40 standard with a local general contractor. Financing through KfW and ISB.
A brief introduction about us
Income and assets situation:
Expenses:
Mobility costs: for 2 cars total
Insurance costs:
Living expenses:
Summary of income and expenses:
General information about the property:
Construction or purchase costs:
Other costs:
Cost summary:
Necessary loan details:
Let the show begin. Looking forward to your feedback. I thought it might be interesting since some questions of this kind have come up recently.
this thread is for those readers who, like us, often feel a bit lost here.
We are about to sign a contract for building a house to KfW 40 standard with a local general contractor. Financing through KfW and ISB.
A brief introduction about us
- Who are you? H. and M.
- How old are you? 33 and 30
- Any children? One boy, turning one next week
- Are more children planned? None due to the house build
- What do you do for work? H: CNC machinist, M: administrative clerk
- Are you employed, self-employed, retired, homemaker, etc.? Employed
- How many hours do you work? H: 40 plus a part-time job twice a week for 2 hours each, M: 16 hours (part-time on parental leave)
Income and assets situation:
- What income do you have (gross/net)? H: 3258/2312 plus part-time job about 250 €; M: 1282/1048
- How much child benefit do you receive? 250 €
- Other benefits like parental allowance, sick pay, etc.?
- How much equity do you have? 130,000
- How much of that equity do you plan to invest in the house project? 100,000
Expenses:
- Current cold rent (rent excluding utilities) 450 €
- Current warm rent (rent including utilities) 550 €
- Electricity 75 €
- Phone, internet, mobile 80 €
Mobility costs: for 2 cars total
- Insurance 96 €
- Taxes 26 €
- Fuel 210 €
Insurance costs:
- Liability insurance 6.60 €
- Capital or term life insurance 13 €
- Pension insurance (including Riester, Rürup, etc.) 100 €
- Disability insurance 126 €
- Accident insurance 45 €
- Household contents insurance 4 €
- Union fees 33 €
Living expenses:
- Groceries 500 €
- Eating out 0
- Personal care/drugstore 40 €
- Clothing 20 €
- Cleaning 5 €
Summary of income and expenses:
- Total income 3860
- Total expenses 1899.6
- Balance 1961
- of which cold rent 450
General information about the property:
- How large is the plot? 663 sqm (7135 sq ft)
- Dimensions? 24 x 27.5 m (79 x 90 ft)
- Land value? 65 € per sqm (approximately 6 per sq ft)
- New build, existing house (year built), type of house? New build, detached house, gable roof, KfW 40, 1.5 storeys
- Garages? Single garage
- Size of the house? (Living area / usable area) Living area 129 sqm (1390 sq ft), usable area 143 sqm (1540 sq ft) plus 32 sqm (344 sq ft) garage
- Market value of land and house after completion? 503,000 €
Construction or purchase costs:
- Land costs 43,095 €
- Additional acquisition costs (notary, court, property transfer tax, agent) 2400 €
- Construction or purchase costs (including architect, structural engineer) 386,000 €
- Construction ancillary costs (e.g., utility connections, soil expert, construction power, etc.) 5,000 €
- Outdoor facilities/terrace, paths, garden design, fences, etc. 10,000 €
- Total costs 446,495 €
Other costs:
- Kitchen costs 15,000 €
- Photovoltaic system 12,000 € (6 kW with 6 kW battery storage)
- Energy consultant 5,325 €
- Garage in owner’s construction 17,500 €
- Front door 4,500 €
Cost summary:
- Total costs 500,820 €
- Deductible equity 145,495 €
- Financing amount 355,525 €
Necessary loan details:
- Loan amount 170,000 € KfW, 175,000 € ISB LM
- Loan type (e.g., annuity loan, bullet loan, etc.) annuity loan
- Interest rate (p.a. nominal, otherwise effective) 0.53 % KfW, 3.4 % ISB
- Fixed interest period 10 years KfW, until full repayment ISB
- Estimated total term until full repayment September 30, 2052
- Initial repayment rate KfW 2.77 %, ISB 1.8 %
- Monthly payment KfW 469.03 €, ISB 758.33 €, total: 1,226.06 €
- Are prepayments allowed? (Please state amount) ISB 10% per year
Let the show begin. Looking forward to your feedback. I thought it might be interesting since some questions of this kind have come up recently.
Radfahrer schrieb:
On the other hand, some things are being exaggerated here.
For the construction power, I just ran an extension cable to the neighbor.
Not 3,000-5,000€ at all.
In that case, I would rather buy a generator suitable for unbalanced loads. When it comes to construction power, it’s not about the drill or angle grinder, but the screed heating program in these capacities 😉
Depending on whether it’s a new development area or infill construction, unfortunately there often is no neighbor within extension cable distance...
R
Radfahrer21 Dec 2023 17:33What are the disadvantages of connecting the electricity permanently when starting up the heating system?
That’s how I at least did it.
That’s how I at least did it.
Radfahrer schrieb:
What is the disadvantage of connecting the electricity permanently when commissioning the heating system?
That's how I did it at least. The schedules of the utility company, the unreliable electrician, faulty applications... All the challenges I’m experiencing here in the housing development area 🤨
O
Oberhäslich21 Dec 2023 18:35Temporary construction electricity for 3,000–5,000€? Where do you live and how much does electricity cost there? We currently pay 33.4 cents per kWh for construction power. Apart from the heating program, there shouldn’t be much electricity use. Drying units and heaters are not necessarily required... Otherwise, many tools used by the builders run on batteries.
Just as an example for us:
Water connection all-inclusive 1,300€ for 5m (16 feet)
Electricity connection all-inclusive 1,500€ for 15m (49 feet)
Sewage connection free, own excavation contractor up to shaft 2,100€ including 25m (82 feet) DN110/160
Telecom all-inclusive 899€ for 15m (49 feet)
Unexpected additional costs for us:
Soundproof windows +5,000€
Radon sealing +5,000€
More excavation/removal 20,000€ instead of 10,000€ according to the quote
Otherwise, I think many requirements are far too strict here. There are also home builders who don’t have high demands.
Just as an example for us:
Water connection all-inclusive 1,300€ for 5m (16 feet)
Electricity connection all-inclusive 1,500€ for 15m (49 feet)
Sewage connection free, own excavation contractor up to shaft 2,100€ including 25m (82 feet) DN110/160
Telecom all-inclusive 899€ for 15m (49 feet)
Unexpected additional costs for us:
Soundproof windows +5,000€
Radon sealing +5,000€
More excavation/removal 20,000€ instead of 10,000€ according to the quote
Otherwise, I think many requirements are far too strict here. There are also home builders who don’t have high demands.
Wow. My house connection point/multi-utility connection is exactly 4.5m (15 feet) away from the street where the lines are located.
When I calculate it, I’m easily at three times that amount.
So far, every single tradesperson has charged spare batteries onsite using the power supply. The construction trailer with heating and coffee machine also consumes power. In winter, it’s essential; otherwise, you might not see the workers return...
Oberhäslich schrieb:
Just as an example for us:
Water connection all-inclusive €1300 for 5m (16 feet)
Electricity connection all-inclusive €1500 for 15m (49 feet)
Sewage connection free, own excavator contractor up to the shaft €2100 including 25m (82 feet) DN110/160
Telecom all-inclusive €899 for 15m (49 feet)
When I calculate it, I’m easily at three times that amount.
Oberhäslich schrieb:
Otherwise, many of the workers’ tools run on battery power
So far, every single tradesperson has charged spare batteries onsite using the power supply. The construction trailer with heating and coffee machine also consumes power. In winter, it’s essential; otherwise, you might not see the workers return...
Oberhäslich schrieb:
A construction dryer and heater are not necessarily required...But they can be. There are other forums besides this one, and over the last two years, energy consumption of 8,000 to 9,000 kWh was often reported, including screed drying programs plus 2 to 3 weeks of construction dryer use. If you end up with a poor electricity rate, which depends on the region, and it is above €0.40 per kWh, it doesn’t just hurt those who didn’t calculate costs at all. Those who have built know it’s always wise to budget an extra thousand euros. The money disappears quickly during construction. If you rely on a fixed price without double-checking or researching, you will eventually be in the red. However, it’s pointless to take a mentioned number here and compare it only to your own consumption from 2 to 4 years ago… I like to refer to the relevant threads such as “Why has building become so expensive” or the still current https://www.hausbau-forum.de/threads/warum-gehen-die-baupreise-nicht-runter.45529/Wärmepumpe.seeker schrieb:
I keep being surprised and am slowly getting angry—E.ON in the north already increased the basic supply tariff to nearly 56 cents per kWh as of March 1. Luckily, we still had the Hotboy heating phase before that at 33 cents. That’s almost exciting in a twisted way.
Even when I compare electricity prices between the north and south, I could almost cry. In the north, I get the cheapest green electricity for 37 cents, friends in Franconia get it for 29 cents. Honestly, that makes me a bit angry.
Why is it so different?Tolentino schrieb:
Wow, that’s frugal.
In our case, it was over 8,000 kWh in the end. But that was for two houses with screed heating and delayed heat pump delivery and straw connection. That means for the first house the heat pump also ran for about two weeks on construction power.
I do think we could have just chosen a different electricity contract. The price per kWh was actually quite good at that time. I probably could have taken advantage of switching bonuses.… and that is just about the construction power!
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