ᐅ Are underfloor heating costs completely excessive?

Hello,

Cookiea schrieb:

If I even know them at all, I admit I have zero knowledge of the subject and have to painstakingly research everything. But it’s like in medicine... understanding the big picture doesn’t come from that alone.

No one expects you to be an expert in this subject, least of all me; hopefully, you don’t expect me to know more than the basics about the medical profession in return.

However, I do expect you to provide information that allows for a reasonably reliable response. Until now, I was for example assuming that EUR 730,000 referred solely to the house price. You could have avoided this misunderstanding by providing the relevant information.

Cookiea schrieb:

What other useful information can I provide?

A note like “including land” would have been helpful; the cost of the land must be deducted from the EUR 730,000. How expensive is the plot? (It should be about x, comparable to a smaller version of nett). Are outdoor facilities included in the price? Does a private road need to be built, etc.? I still don’t understand what “bathroom finishing in the attic” means. A bathroom in the attic is standard in most designs; moving a few walls is not a big deal.

Please upload the floor plan here (don’t forget to remove any developer branding) and give a more detailed overview of what is covered in the building specification (BB). Only with more information can any statement about the cost of underfloor heating be made.

What will always apply, however, is that if you want to buy the project from the developer, you will not have much influence. On the other hand, if we can shed some light on things here—a bad feeling even before signing the contract is a no-go!—it can only help you. If that feeling cannot be cleared up, I would keep looking elsewhere. There must also be solvent tenants.

Best regards, Bauexperte

In the first post, the OP clearly states a price of 730,000 from the developer.

You know the definitions better than most of us here, don't you?!

Hello,

I didn’t realize that the cost of underfloor heating depends on more than just the size of the house, sorry. So, the 730,000 euros include the 505 sqm (5,440 sq ft) plot. The house, with a basement, ground floor, first floor, and attic (sloped roof), has 203 sqm (2,185 sq ft) of living space. It is fully finished and ready to move in, with hardwood flooring throughout, electric shutters, wallpaper fleece, 1 bathroom, 1 toilet, 1 carport, 1 parking space, and a terrace. The land price should be between 500 and 550 euros per sqm (around 46 to 51 USD per sq ft). If you want a bathroom in the attic and two additional rooms there, it costs an extra 12,000 euros. No private road…

People are curious

This house (construction project, the plot is reasonably sized and at an affordable price) is, in my opinion, about 150,000 euros too expensive.

It is adequately equipped, but for the price, some things are still missing.

I stand by my opinion. It is too expensive.

However, these are market prices, not actual costs.

After further inquiries today with acquaintances, I was told that prices like these are more common in the Frankfurt/Taunus area.

I believe we are slowly approaching a construction-property price bubble.

I simply no longer consider such prices normal, but rather absurd.

Thorsten

Good evening

First of all – thank you very much for the additional information!

Cookiea schrieb:

I didn’t know that the cost of the underfloor heating depended on more than just the house area, sorry.

Usually, that’s the case. It’s different if your attic _only_ received a third staircase because you wanted to create living spaces there, where previously a folding attic ladder was planned. Then the extra cost of EUR 12,000 would cover more than just the additional expenses for the underfloor heating.

As our new mod correctly mentioned here, underfloor heating usually isn’t worth an extra charge. The costs for installing radiators versus underfloor heating are roughly the same.

Cookiea schrieb:

So, the 730,000 Euro includes the 505 sqm (5,440 sq ft) plot of land. The house with basement, ground floor, first floor, and attic (sloped roof) has 203 sqm (2,184 sq ft) of living space.

You already correctly identified it as a shed roof earlier. The figure of 203 sqm refers only to the living space above ground, right? I’ve been trying for some time to get a clear picture of the floor plan.

Cookiea schrieb:

It’s completely move-in ready with parquet flooring everywhere, electric shutters, wallpaper fleece, 1 bathroom, 1 toilet, 1 carport, 1 parking space, terrace. The land price should be between 500 and 550 Euro per sqm (465 to 510 USD per sqm). If you want a bathroom in the attic and two additional rooms in the attic, add 12,000 Euro. No private road…

If I take the average of the land price range for 500 sqm (5,380 sq ft) of building land and add the extras – carport (3.00 x 6.00 m (10 x 20 ft)), paved surfaces for carport and terrace (about 25 sqm (270 sq ft)) – I arrive at roughly EUR 280,000 for the land share. Since you are buying from a building contractor, there will probably be an additional share for the access road. Let’s round that up to EUR 290,000; that leaves EUR 440,000 for the actual house project. Based on your description of the fittings, this seems about right and is, in my opinion, not really overpriced for Hesse, provided that it is a reputable supplier.

Building costs unfortunately vary a lot depending on the region; on the other hand, you are not really interested in a standard house.

Cookiea schrieb:

If you want a bathroom in the attic and two rooms in the attic, an additional 12,000 Euro.

Additional underfloor heating in the basement?

I’m curious to hear what you report after your conversation with the building contractor.

Regards, Bauexperte