Hello, my girlfriend (22) and I (23) want to build a house in about 2 years. Right now, we have savings of 20,000 euros and plan to increase that to 35,000 euros in 2 years. We each have 2 home savings plans running. The land would cost 50,000 euros. We want to build a “normal” single-family house without many extras for 180,000 euros. Is this realistic, or will it be more expensive? My salary is 1,450 euros and my girlfriend’s is 1,150 euros. Since we both still live with our parents, we don’t have to pay rent. Having children is not planned yet 🙂 . I’m not very familiar with this field, but I would appreciate some good advice from you. Thanks in advance. Best regards, Chris
S
sperrzonen16 Feb 2009 13:36Hello Chris,
What Gru says is of crucial importance. Rough measurements of the plot, precise measurements, sewage connections, soakaway system, soil survey, pollution and unexploded ordnance inspections, earthquake and mining investigations, insurance, temporary construction electricity and water need to be arranged on site with deposits and advance payments, and so on...!
We are currently building too, and I can tell you that the German bureaucracy will really get on your nerves. If it helps, I can sit down and add up our costs for our semi-detached house. That way, you will at least have a rough estimate.
Best regards.
What Gru says is of crucial importance. Rough measurements of the plot, precise measurements, sewage connections, soakaway system, soil survey, pollution and unexploded ordnance inspections, earthquake and mining investigations, insurance, temporary construction electricity and water need to be arranged on site with deposits and advance payments, and so on...!
We are currently building too, and I can tell you that the German bureaucracy will really get on your nerves. If it helps, I can sit down and add up our costs for our semi-detached house. That way, you will at least have a rough estimate.
Best regards.
S
sperrzonen24 Feb 2009 07:28Finances
Hello Chris.
I finally found the time. The points mentioned above, as well as things like land surveying, sewer connections, lawyer and notary fees, etc., have cost us around €25,000.
Of that, the gas network and drinking water connection alone were €4,700, electricity connection €1,200, and so on!
So it’s better to budget too much than too little.
All the best! 🙂
Hello Chris.
I finally found the time. The points mentioned above, as well as things like land surveying, sewer connections, lawyer and notary fees, etc., have cost us around €25,000.
Of that, the gas network and drinking water connection alone were €4,700, electricity connection €1,200, and so on!
So it’s better to budget too much than too little.
All the best! 🙂
It always costs more than you expect
- even with thorough pre-planning and fairly accurate budgeting. Now that the critical phase is starting, additional costs keep appearing that you didn’t account for. Extra building materials, insurance premiums, social security contributions, etc.
As a precaution, plan for around 20,000€ (about $22,000). This may seem high at first, but it provides great peace of mind. That way, unexpected expenses are easier to handle. And if you don’t need it, you can always use it for an extra loan repayment.
- even with thorough pre-planning and fairly accurate budgeting. Now that the critical phase is starting, additional costs keep appearing that you didn’t account for. Extra building materials, insurance premiums, social security contributions, etc.
As a precaution, plan for around 20,000€ (about $22,000). This may seem high at first, but it provides great peace of mind. That way, unexpected expenses are easier to handle. And if you don’t need it, you can always use it for an extra loan repayment.