ᐅ Home Construction: Bungalow, Villa, or Single-Family House? Looking for a Starting Point in Self-Planning
Created on: 13 Jun 2015 23:26
K
knock88
Hello,
we want to build a house.
The basic facts: family with one child, potentially two in the future.
Total net income: 4600 (civil servant)
Problem:
The dilemma of choice. Which type of house? Bungalow, villa, single-family home? Energy saving? Attached garage? What happens when the children move out? When we are old? How much money should I spend so that in the end I don’t regret the hassle with the mortgage?
Where would you generally start thinking?
So far, we often look through catalogs and say yes or no, but when it gets more concrete, it becomes difficult to decide.
Thanks
we want to build a house.
The basic facts: family with one child, potentially two in the future.
Total net income: 4600 (civil servant)
Problem:
The dilemma of choice. Which type of house? Bungalow, villa, single-family home? Energy saving? Attached garage? What happens when the children move out? When we are old? How much money should I spend so that in the end I don’t regret the hassle with the mortgage?
Where would you generally start thinking?
So far, we often look through catalogs and say yes or no, but when it gets more concrete, it becomes difficult to decide.
Thanks
B
Bauexperte15 Jun 2015 11:04ypg schrieb:
No, first go to the bank and get a rough calculation of how much credit you can get or what amount might be available to you including your own funds.Absolutely right!ypg schrieb:
For example, if you end up with 150 square meters (1,615 square feet), it’s difficult to build that size in an area where plots are all around 500 square meters (5,382 square feet) ...I don’t understand ... 😕Regards, Bauexperte
Hello,
I can only share how we approached it...
Boss: "Honey, shall we build?"
Me: "Sure, if you want."
At first, it was just said casually, but day by day it became a firm plan. In the first days, we observed the property market (which we still do today). So we have an idea of where we might end up.
Two weeks after our decision, we went to a financing provider. We already gave very specific numbers there, including all the usual concerns like unemployment, illness, death, and so on.
After about 4 hours, we had a rough budget figured out... what the house can/could cost, what level of energy efficiency the house should/could have (70 or 55 or 40), what the maximum price for the land could be, small monthly payments with higher extra repayments, or higher monthly payments with smaller extra repayments, and so on and so forth.
With this knowledge, we then visited several home builders. This took a lot of time. I think we saw about 20 providers.
It quickly became clear that a bungalow was not an option for us, since they are simply more expensive than a one-and-a-half-story house. So the choice of house type was decided fairly quickly. We looked at both traditional masonry houses and prefab homes, but our choice was already set... it would be a prefab house.
Gradually, other things came up, like a garage, maybe a pool, a terrace. All things that need to be considered. Not least, and in my opinion absolutely essential, keeping a small financial cushion in mind. Never calculate or plan too tightly; it's better to add a little margin, for example by rounding up various amounts instead of painting an overly optimistic picture. That can lead to nasty surprises.
Regards,
SaRo
I can only share how we approached it...
Boss: "Honey, shall we build?"
Me: "Sure, if you want."
At first, it was just said casually, but day by day it became a firm plan. In the first days, we observed the property market (which we still do today). So we have an idea of where we might end up.
Two weeks after our decision, we went to a financing provider. We already gave very specific numbers there, including all the usual concerns like unemployment, illness, death, and so on.
After about 4 hours, we had a rough budget figured out... what the house can/could cost, what level of energy efficiency the house should/could have (70 or 55 or 40), what the maximum price for the land could be, small monthly payments with higher extra repayments, or higher monthly payments with smaller extra repayments, and so on and so forth.
With this knowledge, we then visited several home builders. This took a lot of time. I think we saw about 20 providers.
It quickly became clear that a bungalow was not an option for us, since they are simply more expensive than a one-and-a-half-story house. So the choice of house type was decided fairly quickly. We looked at both traditional masonry houses and prefab homes, but our choice was already set... it would be a prefab house.
Gradually, other things came up, like a garage, maybe a pool, a terrace. All things that need to be considered. Not least, and in my opinion absolutely essential, keeping a small financial cushion in mind. Never calculate or plan too tightly; it's better to add a little margin, for example by rounding up various amounts instead of painting an overly optimistic picture. That can lead to nasty surprises.
Regards,
SaRo
What I forgot to mention... you should also consider how you want to take over the house, meaning: as a shell structure, turnkey, or ready to move in. Many, if not all, providers offer different levels of completion. This depends on your financial situation, your available time, and your skill level.
We decided to take the house ready to move in. We simply don’t have the time or the necessary skills, and very importantly... neither of us feels like doing it :-)
Best regards
We decided to take the house ready to move in. We simply don’t have the time or the necessary skills, and very importantly... neither of us feels like doing it :-)
Best regards
ypg schrieb:
And always keep an eye on the prices including VAT 😉. Forget about DIY store prices where the carport is offered for 300€—that’s not something durable.
Regards, Yvonne If the 300€ carport lasts 5 years and the 7000€ carport lasts 15, then the 300€ carport can still be worthwhile. You just shouldn’t expect too much from that carport, but basically, a DIY store isn’t always “bad.”
Wastl schrieb:
If the $300 carport lasts 5 years and the $7,000 carport lasts 15 years, then the $300 carport can still be worthwhile. You just shouldn’t expect too much from the carport, but basically a home improvement store product isn’t always “bad.”That’s true as well. But just paying the $300 isn’t enough if you might also need to pay for a building permit / planning permission, foundations, and so on.
It never ends with just the $300.
The carport represents many other costs: with a home improvement store project, you often need tools, adhesives, foundations, primers, screws... so the price doesn’t stop there. You need to have some foresight when calculating the total expense.
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