Hello dear forum,
my fiancée (27) and I (30) have decided to start a new construction project next year. Completion and moving in is planned for 2019. Currently, we are thinking about the best way to approach the whole process.
A few details…
- After our initial meeting with the house bank, a total budget of around 420,000€ (including our equity) is feasible for us.
- A plot of land measuring 750 m² (8,073 sq ft) is currently reserved and would cost us 83,100€ (including notary and land transfer tax).
- The plot has a slight slope with about 2 m (6.5 ft) drop over 30 m (98 ft) length.
That’s the rough outline of our project so far. At the moment, we are considering whether to build a timber frame or solid construction, whether to work with an architect or a general contractor (GC)... (the classic questions). Our current preference is a solid house, which we want to realize with a local architect and building companies. Possibly also a GC who has architects on staff. We have heard several times that there are many advantages to working with a company that offers a complete package. (?)
Now, we want to figure out how much house we can afford with the estimated budget of 420,000€. Our wish is a single-family house, one and a half stories, gable roof with a dormer, around 160 m² (1,722 sq ft), without a basement, with a large double garage that also offers storage space for bicycles, a small workshop, etc.
I would roughly allocate another 20,000€ for the garage and 25,000€ for the driveway and garden landscaping. This would leave about 291,900€ for the house itself.
I have read in many posts here about costs given in €/m². It is often recommended to calculate with an amount between 1,800€ and 2,000€ /m² for a “standard” finish. If I divide our remaining budget by the desired 160 m², I get a little over 1,800€, so we would be at the lower end. I understand that this is just a rough guideline, but what exactly is this estimate based on? Does it include interior fittings, kitchen, heating, etc.? Foundation slab? Terrace? Additional building costs?
Since we really like the building plot and its location, we are fairly fixed on that. Our main concern now is to find out whether our budget matches our plans. What do you think, is 160 m² achievable? Do we perhaps need a basement due to the slope?
Thank you very much in advance for your opinions.
Best regards, Dennis
my fiancée (27) and I (30) have decided to start a new construction project next year. Completion and moving in is planned for 2019. Currently, we are thinking about the best way to approach the whole process.
A few details…
- After our initial meeting with the house bank, a total budget of around 420,000€ (including our equity) is feasible for us.
- A plot of land measuring 750 m² (8,073 sq ft) is currently reserved and would cost us 83,100€ (including notary and land transfer tax).
- The plot has a slight slope with about 2 m (6.5 ft) drop over 30 m (98 ft) length.
That’s the rough outline of our project so far. At the moment, we are considering whether to build a timber frame or solid construction, whether to work with an architect or a general contractor (GC)... (the classic questions). Our current preference is a solid house, which we want to realize with a local architect and building companies. Possibly also a GC who has architects on staff. We have heard several times that there are many advantages to working with a company that offers a complete package. (?)
Now, we want to figure out how much house we can afford with the estimated budget of 420,000€. Our wish is a single-family house, one and a half stories, gable roof with a dormer, around 160 m² (1,722 sq ft), without a basement, with a large double garage that also offers storage space for bicycles, a small workshop, etc.
I would roughly allocate another 20,000€ for the garage and 25,000€ for the driveway and garden landscaping. This would leave about 291,900€ for the house itself.
I have read in many posts here about costs given in €/m². It is often recommended to calculate with an amount between 1,800€ and 2,000€ /m² for a “standard” finish. If I divide our remaining budget by the desired 160 m², I get a little over 1,800€, so we would be at the lower end. I understand that this is just a rough guideline, but what exactly is this estimate based on? Does it include interior fittings, kitchen, heating, etc.? Foundation slab? Terrace? Additional building costs?
Since we really like the building plot and its location, we are fairly fixed on that. Our main concern now is to find out whether our budget matches our plans. What do you think, is 160 m² achievable? Do we perhaps need a basement due to the slope?
Thank you very much in advance for your opinions.
Best regards, Dennis
Or rent a mini excavator for a day, install the concrete blocks yourself (of course, straight), add some steel reinforcement, and order a concrete mixer from the ready-mix concrete plant. It’s quick, inexpensive, and almost anyone can do it. Don’t let anyone overcharge you for something like this, folks.
I
Illexchubby25 Sep 2017 11:40Okay, thanks a lot for your input! This definitely gives me something to work with. I believe we can definitely achieve something nice within our budget.
I think the next step makes sense to talk to an architect or a general contractor and get a few quotes. How did you go about finding an architect? How do you get in touch with them? Not every architect has a website or can be easily found through Google, right?
We have actually thought about just knocking on the doors of people whose houses we like and asking who they built with. As homeowners, would you find that rude?
I think the next step makes sense to talk to an architect or a general contractor and get a few quotes. How did you go about finding an architect? How do you get in touch with them? Not every architect has a website or can be easily found through Google, right?
We have actually thought about just knocking on the doors of people whose houses we like and asking who they built with. As homeowners, would you find that rude?
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