Hello dear forum community,
I introduced my plans last year, but now things are getting serious.
My wife, our little one, and I want to be living in our own home by next year, as we recently found out we’re expecting baby number two *excited*.
There is a new local housing project in our town with one plot still available. We are applicants, along with another family without children, so the chances look good.
The available plot is 450m2 (4844 square feet) and our market has no major requirements.
It is already fully serviced, and the price is 190€/m2 (around $190/m2).
The decision whether yes or no will be made on September 17th.
We do not want a basement, as a smaller attic will be sufficient for us. The garage is planned to be partially underground or have a slightly higher interior height because one side needs to accommodate a lift, which will leave storage space on the other side.
So far, our favorites are:
- ELK Living 160
- Bien-Zenker Evolution 165
We have currently budgeted about 350,000€ (around $350,000) for everything and are collecting loan offers from banks.
- Land + notary approx. 91,000€ (around $91,000)
- Foundation slab 8,000€ (around $8,000)
- Turnkey prefabricated house 210,000€ (around $210,000) (will be less as we will contribute some work ourselves)
- Garage (double or single with carport) 10,000€ (around $10,000)
- Construction interest rate to avoid double burden 5,000€ (around $5,000)
- Budget for new interior furnishings, garden, a newer used car 26,000€ (around $26,000)
The financing is planned to be split into 3 loans:
- Bank
- KfW (government development bank)
- LRA (local authority, supports young families)
Any tips are welcome, we are currently in the decision phase for our house and collecting loan offers.
Best regards,
Dirk
I introduced my plans last year, but now things are getting serious.
My wife, our little one, and I want to be living in our own home by next year, as we recently found out we’re expecting baby number two *excited*.
There is a new local housing project in our town with one plot still available. We are applicants, along with another family without children, so the chances look good.
The available plot is 450m2 (4844 square feet) and our market has no major requirements.
It is already fully serviced, and the price is 190€/m2 (around $190/m2).
The decision whether yes or no will be made on September 17th.
We do not want a basement, as a smaller attic will be sufficient for us. The garage is planned to be partially underground or have a slightly higher interior height because one side needs to accommodate a lift, which will leave storage space on the other side.
So far, our favorites are:
- ELK Living 160
- Bien-Zenker Evolution 165
We have currently budgeted about 350,000€ (around $350,000) for everything and are collecting loan offers from banks.
- Land + notary approx. 91,000€ (around $91,000)
- Foundation slab 8,000€ (around $8,000)
- Turnkey prefabricated house 210,000€ (around $210,000) (will be less as we will contribute some work ourselves)
- Garage (double or single with carport) 10,000€ (around $10,000)
- Construction interest rate to avoid double burden 5,000€ (around $5,000)
- Budget for new interior furnishings, garden, a newer used car 26,000€ (around $26,000)
The financing is planned to be split into 3 loans:
- Bank
- KfW (government development bank)
- LRA (local authority, supports young families)
Any tips are welcome, we are currently in the decision phase for our house and collecting loan offers.
Best regards,
Dirk
I believe there is still an amount missing.
“Turnkey prefabricated house” does not mean “house completely finished and ready to move in.” Depending on the provider, more or less is included. Additional construction costs are also completely missing.
Edit:
Interior fittings, garden, and car for 26,000? At least one of these will probably be very minimal.
“Turnkey prefabricated house” does not mean “house completely finished and ready to move in.” Depending on the provider, more or less is included. Additional construction costs are also completely missing.
Edit:
Interior fittings, garden, and car for 26,000? At least one of these will probably be very minimal.
Additional construction-related costs are included in the respective categories, such as notary fees, insurance, and property transfer tax for the plot, as well as minimal costs for filling the base slab.
As mentioned, the plot is fully developed.
If the house is purchased as a turnkey solution, it will be completely finished and ready to move in.
This includes floors, tiles, sanitary installations, electrical outlets, and so on.
Additionally, the remaining budget is set high because everything in our current apartment is new, meaning not older than 1 year.
As mentioned, the plot is fully developed.
If the house is purchased as a turnkey solution, it will be completely finished and ready to move in.
This includes floors, tiles, sanitary installations, electrical outlets, and so on.
Additionally, the remaining budget is set high because everything in our current apartment is new, meaning not older than 1 year.
DNL schrieb:
According to the website, the ELK Living 160 costs €204,000. You mentioned €210,000 above. With €6,000, you won’t get very far toward making it move-in ready.
Could you break down what you have in mind for each part? I have a quote here for about €210,000 completely move-in ready; I’m not just pulling figures out of thin air.
I’m almost done with my Excel spreadsheet; then I’ll share the full details with you.
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