Dear Homebuilders,
We signed a contract for a prefabricated house with Fingerhaus in March 2021. We were informed that construction would not start before April 2024, which means a waiting period of at least 25 months. We reluctantly accepted this due to other advantages.
Now I have spoken with several other homebuilders, and none—absolutely none—have experienced a waiting time even close to this length. By now, I’m starting to wonder if these 25 months are completely off.
So I have some questions for the group:
- Has anyone else signed a prefabricated house contract with any company since March 2021, and if so, what was your waiting time?
- Has anyone maybe signed with FINGERHAUS since March 2021 and can share the waiting time?
- If the waiting time is indeed excessive: does anyone have ideas or arguments that could help convince them to prioritize our project?
I appreciate any tips!
Best regards,
schlimmerfingerhaus
P.S. Comments like “Serves you right if you…” or “Why choose a prefab house at all?” won’t be helpful, as the contract is already signed ;-)
We signed a contract for a prefabricated house with Fingerhaus in March 2021. We were informed that construction would not start before April 2024, which means a waiting period of at least 25 months. We reluctantly accepted this due to other advantages.
Now I have spoken with several other homebuilders, and none—absolutely none—have experienced a waiting time even close to this length. By now, I’m starting to wonder if these 25 months are completely off.
So I have some questions for the group:
- Has anyone else signed a prefabricated house contract with any company since March 2021, and if so, what was your waiting time?
- Has anyone maybe signed with FINGERHAUS since March 2021 and can share the waiting time?
- If the waiting time is indeed excessive: does anyone have ideas or arguments that could help convince them to prioritize our project?
I appreciate any tips!
Best regards,
schlimmerfingerhaus
P.S. Comments like “Serves you right if you…” or “Why choose a prefab house at all?” won’t be helpful, as the contract is already signed ;-)
S
schlimmerfinge10 May 2023 11:44Nida35a schrieb:
When it comes to the waiting time, only patience and hope help.
Maybe you have a good friend who is currently requesting the same type of house; then the savings can comfort you once the price is fixed for you. Thank you! The price was indeed a strong reason why we agreed to accept this waiting time in the first place.
S
schlimmerfinge10 May 2023 11:58mayglow schrieb:
When I think about it some more... I also vaguely remember that interest rates had already started rising since early 2022 (initially more slowly), but there were reports that there were even more contracts being signed because people wanted to finalize quickly, fearing that interest rates would shoot up (even before the outbreak of war, and then definitely afterward). So on already full order books, there was an additional demand peak.
So yes, my assessment would be: This is a long process, probably longer than for many who came before or after you. But considering your contract date, I’m not surprised.Exactly, it was a very special moment: In January, the KfW subsidy for KfW55-standard homes ended. Many wanted to take advantage of it, so there was a rush until the KfW funding pot was depleted. House prices remained stable or continued to rise because providers like Fingerhaus then only offered the more expensive KfW40 standard. At the same time, interest rates began to rise, so many probably signed quickly.schlimmerfinge schrieb:
- Has anyone else here signed a contract for a prefabricated house with any company since March 2021, and how long was your waiting time? In the end, it doesn’t really matter whether someone waited only 6 months or 12. You yourself said that you have already signed the house contract. So it would only cause you frustration if many now say they experienced shorter waiting times.
schlimmerfinge schrieb:
If the waiting time is completely unreasonable: Does anyone have ideas on arguments to convince them to prioritize our project? Usually, it comes down to profit margins: the construction of a €300,000 (about $320,000) house will likely be less of a priority than a house worth €600,000 (about $640,000), which promises higher profits for the company.
ypg schrieb:
Usually, it comes down to the profit margin: the construction of a €300,000 (approx. $330,000) house is generally less prioritized compared to a house worth €600,000 (approx. $660,000) that promises the company higher profits.Nowadays, turnover speed tends to be more important than margin, and the latter is also affected by avoiding downtime (of in-house, salaried staff). If the builder has more of their own personnel and logistics tied up in a larger project, or finished projects ready for billing sitting in the inventory, then the larger project isn’t necessarily more attractive. The more industrialized a company is, the more it is controlled by controllers (financial managers).https://www.instagram.com/11antgmxde/
https://www.linkedin.com/company/bauen-jetzt/
X
xMisterDx13 May 2023 21:08I would also sometimes question whether an expensive house really yields more profit. With a house price of 600,000, so with clients who have money, there is much more likely an appraiser involved, and the clientele is far more particular.
In such cases, a credit of 50 EUR (about 55 USD) for a poorly installed door doesn't get you far. The door has to be removed and replaced. And so on.
Our largest projects usually cause the most trouble and unfortunately generate the lowest margins.
In such cases, a credit of 50 EUR (about 55 USD) for a poorly installed door doesn't get you far. The door has to be removed and replaced. And so on.
Our largest projects usually cause the most trouble and unfortunately generate the lowest margins.
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