Hello building experts,
I want to build a KfW55EE bungalow with 100m2 (approximately 1,076 sq ft) turnkey with Heinz von Heiden in Saxony.
The plot is provided by my parents, 1800m2 (about 30x60m / 98x197 ft), relatively flat.
A sewage connection was laid and paid for years ago. A few small shrubs and trees need to be removed.
I am 52 and my wife is 47 years old, so we don’t have much time left to pay off a loan.
I currently earn €3000 and my wife €1500. We still live in Bavaria at the moment and will have to change jobs anyway because we need to move. We currently rent and pay €1250 including utilities for 115m2 (about 1,238 sq ft).
We have around €100,000 in savings, but we only want to use about €45,000 as equity in the financing to keep sufficient reserves for the upcoming move and any unforeseen expenses.
The turnkey bungalow, including groundwork and soil survey, should cost €178,000. We plan to do some work ourselves, such as painting walls and installing the flooring. We also plan to build a prefabricated garage, 6x4m (about 20x13 ft), for one car, bicycles, and garden furniture storage (around €10,000).
What additional building-related costs should we plan for, and which of these costs should be included in the financing?
We would be very grateful for any advice.
I want to build a KfW55EE bungalow with 100m2 (approximately 1,076 sq ft) turnkey with Heinz von Heiden in Saxony.
The plot is provided by my parents, 1800m2 (about 30x60m / 98x197 ft), relatively flat.
A sewage connection was laid and paid for years ago. A few small shrubs and trees need to be removed.
I am 52 and my wife is 47 years old, so we don’t have much time left to pay off a loan.
I currently earn €3000 and my wife €1500. We still live in Bavaria at the moment and will have to change jobs anyway because we need to move. We currently rent and pay €1250 including utilities for 115m2 (about 1,238 sq ft).
We have around €100,000 in savings, but we only want to use about €45,000 as equity in the financing to keep sufficient reserves for the upcoming move and any unforeseen expenses.
The turnkey bungalow, including groundwork and soil survey, should cost €178,000. We plan to do some work ourselves, such as painting walls and installing the flooring. We also plan to build a prefabricated garage, 6x4m (about 20x13 ft), for one car, bicycles, and garden furniture storage (around €10,000).
What additional building-related costs should we plan for, and which of these costs should be included in the financing?
We would be very grateful for any advice.
P
Pinkiponk20 Jun 2021 08:26@Pinkiponk
There’s quite a bit mixed up here. I think that causes confusion.
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You’re probably right. I didn’t tailor the list to the original poster’s situation because I don’t know the details well enough. I handle it like in professional life: better to provide more and easily remove unnecessary items than to give too little and have to think about and add missing points later. 🙂 For me, the list was helpful, even though it’s partly based on solid construction, while we are building a prefabricated house. The original poster is in the comfortable position of being able to skip the years (?) of searching for a plot of land, which he can now invest in working through my list. ;-)
There’s quite a bit mixed up here. I think that causes confusion.
[/QUOTE]
You’re probably right. I didn’t tailor the list to the original poster’s situation because I don’t know the details well enough. I handle it like in professional life: better to provide more and easily remove unnecessary items than to give too little and have to think about and add missing points later. 🙂 For me, the list was helpful, even though it’s partly based on solid construction, while we are building a prefabricated house. The original poster is in the comfortable position of being able to skip the years (?) of searching for a plot of land, which he can now invest in working through my list. ;-)
P
Pinkiponk20 Jun 2021 08:29@Pinkiponk
There is quite a bit mixed up here. I think that causes confusion.
[/QUOTE]
I will try to organize the list better. It’s basically organized already, but I don’t think Excel spreadsheets can be uploaded comfortably here. I usually focus on removing private and personal information such as names. But I will try to improve in the future. :-)
There is quite a bit mixed up here. I think that causes confusion.
[/QUOTE]
I will try to organize the list better. It’s basically organized already, but I don’t think Excel spreadsheets can be uploaded comfortably here. I usually focus on removing private and personal information such as names. But I will try to improve in the future. :-)
Hello Pinkiponk,
thank you for the detailed list. You’re absolutely right—it’s better to be a bit more thorough than too brief. I will simply cross out the items that don’t apply to us.
We are building near Meissen.
Since our plot is very flat, I hope that 30cm (12 inches) of excavation will be sufficient.
thank you for the detailed list. You’re absolutely right—it’s better to be a bit more thorough than too brief. I will simply cross out the items that don’t apply to us.
We are building near Meissen.
Since our plot is very flat, I hope that 30cm (12 inches) of excavation will be sufficient.
Acof1978 schrieb:
However, it will hardly be possible for Heinz von Heiden to maintain that price. Even €2,000 per sqm (approximately $210 per sq ft) seems unlikely, especially with current prices. Have the specifications of services checked, for example, by a building owner’s support service. We hope that if we keep our selections simple, the price will hold. There is a 15-month fixed price guarantee.
How can I have the specifications of services reviewed? Is there really any chance to renegotiate the specifications, or is it a “take it or leave it” situation?
We have already received several offers from potential building partners, but to be honest, none are perfect once you read through their specifications of services.
However, if someone can name a perfect one, I would be very grateful.
BertramK schrieb:
We hope that by being selective during the material choices, the price will stay the same.
There is a fixed price guarantee for 15 months.
How can I get the construction scope checked? Is there really any chance to negotiate the construction scope after the contract is signed, or is it a “take it or leave it” situation?
We have already received several offers from potential building partners, and to be honest, none of the construction scopes are perfect when you read them.
But if anyone can point me to the perfect one, I would be very grateful. You should have an external construction advisor anyway. For example, with building owner support services, the review of the construction scope and the construction contract is usually included in the price. It is also about making sure that you are not suddenly surprised by any additional costs.
Pinkiponk schrieb:
I will sort the list better; it is basically already sorted,I would rather disagree: as commendable as the pursuit of completeness is, the lack of chronological ordering is confusing. If you want to create real added value here, at least organize it by construction phases: the foundation slab should not be listed first just because of alphabetical order, and the house numbering assignment, from a process point of view, should be near the end.https://www.instagram.com/11antgmxde/
https://www.linkedin.com/company/bauen-jetzt/