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
DDre schrieb:
I have an offer here for about €210,000 complete turnkey, I hardly have to pull the facts out of them
...I believe you.
Still, this will be a basic package house, meaning no extras.
You won’t have a window next to the front door; you will either have a plastic door or a spruce wood door. There will be laminate flooring where there are no tiles. (By the way, I didn’t see anything about the tile costs.)
You will have a house without roller shutters, underfloor heating, controlled ventilation, or a fireplace.
No standout features on the facade, none inside either – you will likely have a bathtub only 170cm (67 inches) long, if that.
Did the construction specification mention anything about the sanitary ceramics? Probably a design nobody would want to claim as their own.
The toilet will be on an exterior wall with a separate cistern and a floor-mounted toilet – who wants that in a new build?
There will definitely not be enough power outlets. Is there any kind of exterior lighting at the house?
If everything were that simple – if the catalog price and the construction specification weren’t questionable – this forum wouldn’t even exist.
Additional construction and fitting costs will definitely come up and should be factored into your budget.
So, read the post, the iPhone was faster.
As I said, the costs are planned turnkey, but we will take the shell only to have the freedom to customize the interior as we want.
Of course, it won’t be a house with a lot of luxury, but a standard that is sufficient for us. After all, having a house here is a luxury for me.
As soon as the table is finished and ElK and Zenker have completed our desired design concept, more input will follow here.
Priority 1 is the decision – with the house, we have already narrowed down the providers and the design to some extent.
Still, thanks for all the feedback that helps me reconsider many things.
As I said, the costs are planned turnkey, but we will take the shell only to have the freedom to customize the interior as we want.
Of course, it won’t be a house with a lot of luxury, but a standard that is sufficient for us. After all, having a house here is a luxury for me.
As soon as the table is finished and ElK and Zenker have completed our desired design concept, more input will follow here.
Priority 1 is the decision – with the house, we have already narrowed down the providers and the design to some extent.
Still, thanks for all the feedback that helps me reconsider many things.
ypg schrieb:
Oh yes, "fully developed" does not mean the seller will pay for your utility connection fees.
What type of heating will the house have, and what features? I understand.
In our town, "developed" means that after the building specifications are finalized, a one-time connection fee of 450€ (about 530 USD) applies—nothing more.
Everything else follows as described.
DDre schrieb:
I understand.
In our town, plots are sold as serviced land, meaning that after the building approval is granted, there is a one-time connection fee of €450 (about $475) – nothing more.
The rest proceeds as described
Do you generate your own electricity? No heating? Rainwater collection?
I think there are some things you do n o t understand!
If I’m wrong, please explain.
Just a very small example: the construction specification states that TV cables are not installed and electrical cables only run up to the point where a distribution box is planned. There is no mention of the box itself. After that, it still needs to be connected to the supply network.
The staircase to the front door is also a classic example that is not included.
These are just very small examples.
I believe your estimate is missing at least €50,000.
The staircase to the front door is also a classic example that is not included.
These are just very small examples.
I believe your estimate is missing at least €50,000.