Hello, we recently purchased our plot of land and have two years until we need to start construction. Since we own a condominium, we want to take our time with the building process and plan everything carefully. A developer mentioned that it would be wise to start as soon as possible because energy efficiency regulations will become much stricter in 2016. In addition, building material costs are currently rising significantly. What do you think? Is the seller trying to pressure us without reason, or is he right? So far, we haven’t found a suitable floor plan or developer, and we still want to sell our apartment...
I think you’ve already made the best argument yourself... if you want to meet the KfW70 standard according to the 2014 Energy Saving Ordinance anyway, it doesn’t make much difference to build next year “only” according to the 2016 Energy Saving Ordinance.
Additional costs due to rising construction prices and without an extra KfW loan will probably have a greater impact. The currently falling interest rate for a long-term financing, as we plan to do for example, brings significantly more savings.
If we had built in August 2014, we would have paid a total of 30,000 EUR more in interest than we do today over a 25-year term.
Additional costs due to rising construction prices and without an extra KfW loan will probably have a greater impact. The currently falling interest rate for a long-term financing, as we plan to do for example, brings significantly more savings.
If we had built in August 2014, we would have paid a total of 30,000 EUR more in interest than we do today over a 25-year term.
Panama17 schrieb:
Is there a set timeframe within which construction must begin after submitting the building application? Or after receiving the permit? To my knowledge: the permit is valid for 1 year, after which you have to apply again. However, you can be fairly confident it will be approved again unless there have been significant changes (e.g., a development freeze, a new zoning plan, etc.).
B
Bauexperte30 Jan 2015 12:49Hello,
Regards, Bauexperte
Wastl schrieb:This varies by country. In North Rhine-Westphalia, for example, it is now between 2 and 3 years, depending on the municipality.
To my knowledge: valid for 1 year, after which it must be applied for again, but you can be quite sure it will be approved again unless there have been significant changes (e.g., a development freeze, new zoning plan, etc.)
Regards, Bauexperte
Tichu78 schrieb:
The currently falling interest rates for a long-term loan, like we are planning, result in significantly more savings.
If we had built in August 2014, we would have paid a total of 30,000 EUR more in interest than today over a 25-year term.Exactly.
Interest rates keep dropping, and the resulting interest savings are significantly higher than, for example, the 25% of construction costs mentioned here.
Wait a little longer, and overall it will become increasingly affordable.
Häusle77 schrieb:
I really can’t believe that interest rates will go down any further...Many people haven’t been able to believe that for the past 10 years either.
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