ᐅ Are underfloor heating costs completely excessive?

Created on: 11 Apr 2016 21:38
C
Cookiea
Hello,

We are about to buy a house from a developer. The house is very expensive and costs 730,000 euros without any customizations. It has just over 200 square meters (2,150 square feet) of living space and is a KfW 70 house. For underfloor heating throughout the entire house as a customization, the developer charges 12,000 euros. That seems very, very expensive, doesn’t it? I suspect they want to make a good profit since nowadays almost everyone installs underfloor heating. What are your thoughts on this?

Thank you
Cookie
P
Payday
13 Apr 2016 17:24
What is the price per square meter (or land price) that the offer is based on, and what do neighboring plots cost per square meter? Only with this information can you see how much of the 7x0,000€ actually goes into the house itself.
@@Payday

The original poster is buying from the developer....
If they want the land, they have to build with them.
That’s clear. Still, there are other plots available. Overall, the location must be either very exclusive, or the house price is set quite high. Of course, we don’t know much about the house itself...
I am always surprised by the deep insights from laypeople regarding a provider’s internal cost calculation. Especially since the original poster has so far been reluctant to provide illuminating information.

???
What internal cost calculation is there? A floor heating system can be installed in 2-3 days. Radiators including piping aren’t installed any faster. The materials don’t make much difference either, since radiators are not given away for free. So in the end it’s just about profit, based on supply and demand. As a trade, you may be the only provider overall, and demand is high. It’s just like extras in a car. What knowledge from laypeople is supposed to be involved here?!

In the end, anyone can charge whatever surcharge they want. Whether they get the entire contract in the end is another matter.
It’s similar to doctors who don’t relieve the poor – they charge private patients the same and now can see what it means to be on the losing side.
T
T21150
13 Apr 2016 17:39
Payday schrieb:
As a doctor, it doesn’t really affect someone poor, since they charge private patients just the same, and now they experience what it’s like to be at the weaker end

That was a little harsh of you. But I know that’s not really who you are.

Doctors have to work extremely hard and carry a huge responsibility.
I also have a lot of responsibility in my job, but if I make a mistake, I don’t hurt anyone or cause death; at most, I just lose money.

A really good doctor is worth every penny. Without good doctors, I wouldn’t be alive. At least from my personal perspective, that is simply priceless.
By the way, without private health insurance (PHI) doctors often no longer receive adequate pay for their work.
The system itself—private health insurance / mandatory insurance—is terrible. That is undeniably nonsense.

As for the rest of the post: I agree with you. Whether underfloor heating or radiators: both require materials, and personally I don’t see a difference in price there.

House prices in Dreieich are really strange. The original poster is not planning the crazy mansion I assumed. It seems that in that specific area, the rip-off has taken hold.

Best regards,
Thorsten
C
Cookiea
13 Apr 2016 17:42
I’m not entirely sure how my profession relates to the cost of my planned house, but I earn a net income of 2,100 euros for 24 hours per month plus 3 night shifts and one weekend duty per month. I’m an employed hospital doctor and I don’t overcharge private patients.

Regarding the topic: The plot has 505 m² (5,435 ft²), and the price per square meter should be between 500 and 550 euros. The developer regularly increases the price by an additional 10,000 euros after a few houses are sold, even if the plots become smaller. Apparently, demand is so high that they can still sell the houses.
T
T21150
13 Apr 2016 17:47
Cookiea schrieb:
I’m not exactly sure how my profession relates to the cost of my planned house, but I earn a net income of 2100 euros for 24 hours per month plus 3 nights and one weekend duty per month. I’m an employed hospital doctor and I don’t overcharge private patients.

a) None at all. You build the house you want. It would be even more ridiculous to start linking professions to house categories. Where would that lead... Would I, as a physicist, only have been allowed to build an Einstein Tower?
b) The salaries of doctors are at least known to some people like me, because I know many people and what they earn. Doctors often get far too little. It’s outrageous what is sometimes paid.
c) Private patients are not being exploited. Increasing deductions have to be made, sometimes up to 25%, as I’ve seen on some bills.
Doctors themselves are not to blame for the system.
And most doctors are not very well paid, not even senior physicians. Chief physicians are probably better paid.
C
Cookiea
13 Apr 2016 19:59
Of course, not per month but per week....
K
Kikolool
14 Apr 2016 10:48
If you subtract the land cost (~€250,000), that leaves around €500,000 for a 200sqm (2,150 sq ft) house with a basement, including additional construction costs and (judging by what’s written) with hardwood flooring, so move-in ready. Of course, it generally depends on the fittings and specifications, but that estimate can be roughly accurate. I have also built here in the Rhine/Main area, and the prices quoted here are sometimes really outrageous.

Unfortunately, without detailed information about the complete package, it’s difficult to properly assess the heating system in relation to the total cost. Surely the developer makes a good profit from it; markups are always more expensive in proportion, at least from my experience.