ᐅ Building a House in Baden-Württemberg – Should You Consult a Building Designer or the Bank First?

Created on: 20 Dec 2017 12:03

Hello community,

My family and I (2 adults, 1 child (2 years)) are planning to purchase a plot of land in our hometown in Baden-Württemberg and then build a single-family house on it.

A new residential area was recently developed in our town, and we have applied for one of the building plots there.

We have been thinking for a long time about how we want our home to look and have already done a lot of reading, writing, and research on the subject.

Plot details:

Plot size approximately 500 m² (5,400 sq ft)

House preferences:

Single-family house (detached)
Living space on the ground floor possible
Upper floor separable as a separate apartment for later use (either for our child or for renting out)
Basement
Double/large garage

I don’t want to go into too much detail here yet, as I want to address a very specific issue. Right now, we are asking ourselves "What should our next steps be?"

Should we first go to a builder/prefabricated house company/architect to consolidate our ideas and turn them into a feasible project with an estimated cost?

Or should we first speak to a (home) bank in an initial consultation to find out what would generally fit within our financial framework?

How did you approach this? What do you think makes more sense?

Fuchur13 Jan 2018 12:40

#37

Alex85 schrieb:
Those are more like additional construction-related costs.

I was referring to potential surveying fees for the land in a new development area, not the surveying of the building itself. The same goes for municipal infrastructure connections. Both are unrelated to the actual construction.

Eldea13 Jan 2018 12:41

#38

t.hilo schrieb:
It is a new development area. Connection fees are already included in the purchase price.

Oh, for us, partial infrastructure was installed only after one year, and the rest will come in a few years. Unfortunately, that is not always included.

Are you planning to have a soil survey carried out?

t.hilo13 Jan 2018 12:42

#39

t.hilo schrieb:

Land Costs:
Land Price: €103,400.00
Discount for one child: €3,000.00
= Purchase Price: €100,400.00
Property Transfer Tax (Baden-Württemberg): €5,020.00
Notary Fees (2%): €2,008.00

Total Land Costs: €107,428.00

Paid in April 2018 through:
Equity: €77,428.00
Private Loan: €30,000.00 (repaid immediately after taking out the bank loan)

Bank Loan of €420,000.00
Allocated for:
Repayment of Private Loan: €30,000.00
Additional Construction Costs (approx.): €40,000.00
Additional Purchase Costs (approx.): €10,000.00
Basement: €60,000.00
Double Garage: €20,000.00
Landscaping: €15,000.00
Kitchen Budget: €15,000.00
Furniture Budget: €10,000.00
Contingency: €15,000.00
Remaining budget for the house itself: €205,000.00.

So in my case, could I basically remove the €10,000.00 from the list here?

Eldea13 Jan 2018 12:44

#40

Fuchur schrieb:
I meant any potential surveying costs for the plot in a new development area, not the surveying of the building itself. The same applies to municipal infrastructure development. Both are unrelated to the actual construction.

I also consider these costs as part of the additional purchase expenses. For example, a soil survey, which is usually done to help decide on the purchase.

Eldea13 Jan 2018 12:46

#41

t.hilo schrieb:
So in my case, could I basically remove the €10,000.00 from the list here?

I would include it as a buffer in the additional construction costs. Then exclude the kitchen and furniture, as these usually aren’t covered by the loan. Reserve your equity for that.

ypg13 Jan 2018 13:44

#42

In house construction, there is no purchase contract unless you are buying a house.

ᐅ Building a House in Baden-Württemberg – Should You Consult a Building Designer or the Bank First?

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