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.
HausiKlausi20 Jun 2021 23:49You didn’t address the question from @hampshire, which is important in order to respond according to the thread title: What does the income look like after the move? Is the new job already secured? Will the salaries remain similar? The bank will not ask for the house number but for the hard facts. Conversely, this could also mean bringing in more equity!
Andre77 schrieb:
@BertramK
Hello nearby,
I also built with Heinz von Heiden and had a construction supervisor from Wilsdruff. A true professional in his field.
Best regards Ah, great. A positive review for a change.
Hopefully, we get the same one. Are you otherwise satisfied with Heinz von Heiden?
Greetings to the future neighbors
BertramK schrieb:
Ah, great. A positive feedback for a change.
Hopefully, we get the same. Are you otherwise satisfied with Heinz von Heiden?
Greetings to the future neighbors Moved in a year ago and yes, we are satisfied. You choose the construction supervisor yourself. Not to be confused with the site manager. 😉
Andre77 schrieb:
Moved in 1 year ago and yes, satisfied. You find your own construction supervisor. Not to be confused with the site manager. 😉OK, I confused them. Maybe we can exchange information about this sometime. How much does a construction supervisor usually cost?400€ per visit… divided into different construction phases. I believe there are usually 8 inspection phases (for a build without a basement) plus a final acceptance where he is also present. So it’s all quite manageable.
If you like, you can communicate with me at hausbau_2018@gmx.net.
If you like, you can communicate with me at hausbau_2018@gmx.net.