ᐅ Single-family house construction project, 140 sqm with basement

Created on: 20 Jul 2018 15:15
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Milo3
Dear community, first of all, a big compliment for the very helpful tips here. I have been planning—or rather trying to plan—our house for half a year now. We have already consulted an architect and want to build with solid construction. How do you assess our project in terms of cost?

- Single-family house with 140 sqm (1507 sq ft) and full basement
- Standard according to energy-saving regulations
- Refrigerator with external thermal insulation composite system (ETICS / WDVS)
- Square, practical design, without dormers, bay windows, etc.
- External dimensions 7.49 * 11.49 meters (25 * 38 feet)
- 1 bathroom upstairs, 1 guest shower room downstairs
- Ground floor open living area with chimney (not really necessary, but we want the coziness of a stove)
- Upper floor with 3 bedrooms
- Basement with 1 finished room as an office, 3 storage/technical/utility rooms
- Planned is an air-to-water heat pump and underfloor heating
- Controlled ventilation with heat recovery system
- Triple-glazed windows with external blinds
- Soil according to geotechnical report is simple sandstone, so excellent conditions, no rising groundwater pressure

Now, the architect gave us a rough estimate and said we should calculate about 400 Euro per cubic meter (796 m³). This seems rather high to us. To be prudent, we will structure our loan accordingly since someone could get sick or have delays.

However, we want to contribute a lot of DIY work ourselves. Heating, electrical work, roof structure installation, plumbing, floor laying, and gypsum/plaster work will be done by us.

Do you think it could be possible to manage around 200k, if everything goes optimally? This is only about the construction costs; everything else like landscaping, garage, and terrace will be contracted separately.
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Milo3
3 Sep 2019 19:37
Very constructive post...
This was about my thread, and yes, it is possible exactly as I had imagined!
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Matthew03
4 Sep 2019 10:28
I was right to suspect it, and option 1 (sabbatical year, etc.) was correct.
Congratulations, it’s great when it works out like that and you are the exception to the rule.

As others have mentioned here, readers need to be able to put this into context... for most people, the amounts mentioned still apply.
Pinky03014 Sep 2019 10:34
If you take a sabbatical year to build a house, shouldn’t the lost income be added to the construction costs?
M4rvin4 Sep 2019 10:40
Actually, yes. Unlike when I take time off for overtime or work on weekends, I am losing money, not free time!
face264 Sep 2019 11:11
Pinky0301 schrieb:

If you take a sabbatical year for building a house, shouldn't you include the lost income as part of the construction costs?

Absolutely! That’s what I meant in my post. Depending on your salary, you can easily add 35,000 or more to the construction costs... plus various small expenses that tend to get overlooked but shouldn’t be ignored (support for helpers, tools, small trips to the hardware store, etc.)
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Milo3
4 Sep 2019 18:35
Why do you keep talking about a sabbatical?! We have only been building since April. I have already taken 200 hours of overtime off... 5 weeks of remaining vacation are still left.