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)
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)
K1300S schrieb:
It may be that you understood it that way from the project manager, but the documentation says otherwise, and in case of doubt, the “something said at some point” will hardly be considered binding. Wording like this is found in thousands of contracts, usually related to bad weather, which also does not count towards the agreed construction period. Bad weather is clear. Of course, there are general contractors (GCs) who handle it that way. What is discussed is not the same as the contract. However, I trust the project manager and so far I have only heard positive feedback from other homeowners (not reference customers) and external construction supervisors. The handover deadline is 2 months before the agreed construction time guarantee, so there is some leeway 😎 We are also not under pressure due to double financial burdens or standby interest, in case it takes 1-2 months longer. We have enough buffer for that, and the financing is arranged so that we can continue to maintain our standard of living 🙂
If there is one thing I have learned from my construction projects, it is that you can fundamentally rely only on written agreements, and sometimes even that doesn’t work. So: do as you see fit (by now it is probably too late anyway), and I sincerely wish you good luck, but don’t be surprised if a friendly agreement suddenly no longer applies at some point.
K1300S schrieb:
If there’s one thing I’ve learned during my construction projects, it’s that you should basically rely ONLY on written agreements, and sometimes even that doesn’t work. So: do as you think best (though by now it’s probably too late), and I honestly wish you good luck, but don’t be surprised if the friendly promise suddenly no longer applies at some point.As I have already mentioned, it’s not a big deal for us. Even if it didn’t exist, we would still build with the general contractor. We have learned to be patient, especially during the building permit / planning permission process (10 months + 3 weeks :-)). Also, the financing and buffer are planned so that even if it takes several months longer, it won’t ruin us financially.
P
pagoni202016 Nov 2021 10:26Nida35a schrieb:
What are 4 weeks anyway, ommmmm....I would have gladly taken that.... 🙂A brief update. Yesterday, there was an on-site meeting with the earthworks contractor. Unfortunately, the rainwater cistern has been canceled due to delivery times. It would only arrive after he finishes the work, which means the excavator would have to come back again, significantly increasing the costs. Additionally, the construction access road would need to be extended to the desired location, so we are looking at a total cost of around 10,000 euros for the cistern. Canceled.
Because the house is being built so far back, the construction access road will cost approximately 5,000 euros (including removal). Furthermore, we agreed that the ground will be filled up to road level with screened topsoil. Naturally, this will create a slope that leads away from the house. The cost for this is 5,400 euros. In addition, the soil excavated for the foundation slab will be disposed of. There have already been initial estimates (which also depend on the soil quality), but we are still negotiating 😎
Yesterday, I also received a quote for the house connections for drinking water, wastewater, and construction water. I had budgeted 20,000 euros for this (including electricity), as the house will be built 16 m (52 feet) away from the street. The water/wastewater quote is 9,800 euros. This leaves just over 10,000 euros for electricity.
Because the house is being built so far back, the construction access road will cost approximately 5,000 euros (including removal). Furthermore, we agreed that the ground will be filled up to road level with screened topsoil. Naturally, this will create a slope that leads away from the house. The cost for this is 5,400 euros. In addition, the soil excavated for the foundation slab will be disposed of. There have already been initial estimates (which also depend on the soil quality), but we are still negotiating 😎
Yesterday, I also received a quote for the house connections for drinking water, wastewater, and construction water. I had budgeted 20,000 euros for this (including electricity), as the house will be built 16 m (52 feet) away from the street. The water/wastewater quote is 9,800 euros. This leaves just over 10,000 euros for electricity.