ᐅ Construction of a 144 sqm bungalow in Fichtenwalde (near Potsdam)

Created on: 16 May 2021 18:56
A
Acof1978
Then I would also like to introduce our building project here and keep you updated.

First, a brief introduction about us. He (42.5 years; controller in healthcare), she (38.5 years; full-time teacher), child (8.75 years; fully dependent). Our household net income is currently about €6,400 (approximately $6,800) plus performance bonuses, 13th-month salary, overtime, etc. We own a 1,462 sqm (15,735 sq ft) plot of land in Fichtenwalde. The remaining debt on the land is €37,000 (about $39,000). According to official land value guidelines, the land is valued at €146,200 (about $156,000) (€100 / sqm). The market price is around €400,000 to €600,000 (recent sale prices). We submitted the building permit application including the land conversion at the end of December. We expect approval by mid to late July.

The construction company is KB Brandis from Jüterbog. External site supervision will be handled by Bauherrenhilfe with 13 appointments.

Now about the house. It will be a 144 sqm (1,550 sq ft) bungalow plus a 12 sqm (130 sq ft) covered terrace with the following additions:
- Ceiling height 3.00 m (9.8 ft)
- Electric roller shutters (including smart home integration)
- Double-sided laminated windows (wood-colored; RC3 security rating)
- Brine-to-water heat pump with ground collectors due to water protection area (Bosch Compress 7800i LW)
- Hydraulic balancing of the underfloor heating
- Controlled residential ventilation with heat recovery (Bosch)
- Motion detectors from a security company
- 13 kWp photovoltaic system, including battery preparation
- 10 m³ (2,650 gal) cistern for rainwater use
- Doorbell with video function
- Wallbox preparation for electric vehicle charging
- Exterior lighting

Floor plan attached.

We have not yet finalized financing (although discussions have taken place). So far, we have invested up to €30,000 (approximately $32,000) from our own savings during the planning phase. This is almost all of our equity. However, we continue to save about €2,750 (approximately $2,920) per month. The monthly mortgage payment is expected to be around €1,650 (about $1,750) plus additional costs of approximately €200-250 (about $210-265) (taking into account the photovoltaic system). This means when we move into the house, we will still have savings of at least €1,500 (about $1,590) per month.

The construction contract will be signed within the next few weeks. The prices (recently discussed with the company) correspond to the offer and commitment as of September 2020.

The price per square meter of the house (according to the latest offer and full specification) will be €2,700 (about $2,870). This includes everything, such as painting, flooring, etc. The overall costs are structured as follows:
House: €378,000 (about $402,000)
Land conversion including reclassification: €25,000 (about $26,600)
Additional building costs: €40,000 (about $42,500)
Outdoor facilities: €25,000 (about $26,600)
Total financing volume: €468,000 (about $498,000)

Grundriss eines Hauses: Wohnzimmer, Küche, Schlaf-/Kinderzimmer, Bad, Flur, Terrasse.
Tolentino27 Oct 2021 23:54
Maybe two years ago. Today, you have to negotiate for the contractor to even come to your site and not charge a 50% price increase for it.
H
HausTmMike
27 Oct 2021 23:55
Tolentino schrieb:

Maybe two years ago. Today, you have to negotiate for the contractor to even come to your site without charging a 50% price increase.

I'm building myself, but 3% discount is always possible. I've already moved in but I'm far from finished :P
But I agree with you. It has become very difficult to find good workers.
For me, it only works with Google Translate from Russian to German.
But it works well.
T
Tom1978
28 Oct 2021 17:51
Here is the current update regarding the info. We will either make the door from darker wood or add wooden elements to the facade.

A white single-family house with a grey tiled roof, a porch with columns, and large windows.
Y
ypg
28 Oct 2021 20:45
Tom1978 schrieb:

Here is the latest update regarding the information. We are still deciding whether to install a door made of darker wood or to add wooden elements to the facade.

Is your house going to have this porch with columns?
Hangman28 Oct 2021 22:22
ypg schrieb:

Is your house going to have this porch with the columns?

So far, I’ve managed to hold back. @Tom1978, could you switch to a somewhat less ornate version?
Y
ypg
28 Oct 2021 22:35
Hangman schrieb:

Until now, I had managed to hold myself back.

There is no need to hold back when making a polite inquiry.
And if we’re honest with ourselves, @Hangman, by now we know how Tom operates 🙂
Still, I wouldn’t have expected columns. 🙂