á KfW 70 or is it worth investing in KfW 40 Plus with significantly higher costs?
Created on: 12 Jul 2018 16:56
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PaddyOnAir
Hello,
I have selected two home builders and requested quotes based on my custom specifications.
Offer 1 is from Heinz von Heiden, building a KfW 70 house with a ground source heat pump.
Offer 2 is from Viebrockhaus, building a KfW 40 Plus house.
The Viebrockhaus offer is exactly âŹ43,000 more expensive than Heinz von Heiden. However, I would still receive subsidies of âŹ15,000 from the KfW bank and an additional âŹ2,000 from BAFA if I choose to build the KfW 40 Plus house. This leaves a net difference of âŹ26,000.
What do you think? Is the KfW 40 Plus house worth the extra âŹ26,000, or would you prefer to go with the KfW 70 house from Heinz von Heiden?
I look forward to your advice.
I have selected two home builders and requested quotes based on my custom specifications.
Offer 1 is from Heinz von Heiden, building a KfW 70 house with a ground source heat pump.
Offer 2 is from Viebrockhaus, building a KfW 40 Plus house.
The Viebrockhaus offer is exactly âŹ43,000 more expensive than Heinz von Heiden. However, I would still receive subsidies of âŹ15,000 from the KfW bank and an additional âŹ2,000 from BAFA if I choose to build the KfW 40 Plus house. This leaves a net difference of âŹ26,000.
What do you think? Is the KfW 40 Plus house worth the extra âŹ26,000, or would you prefer to go with the KfW 70 house from Heinz von Heiden?
I look forward to your advice.
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PaddyOnAir13 Jul 2018 09:58Alex85 schrieb:
Itâs good to see that the criticsâ crystal ball continues to deliver sharp generalizations. Thatâs how it should be.
It has already been mentioned that the two home builders operate in different price ranges. This makes the comparison difficult because the additional cost is not entirely due to the KfW 40+ standard, assuming it is basically the same building.
Besides the savings on heating costs from better insulation, electricity costs will be lower or even generate income thanks to the photovoltaic system and the battery storage. KfW 40+ also includes a ventilation system that adds comfort.
Viebrockhaus offers a 3-month construction time guarantee, right? That also has value in terms of saved rent and cheaper financing due to shorter interest-only periods.Since we are building a semi-detached house, the construction time is 6 months. And although nothing is signed yet, he has already confirmed week 10 of 2019 as the start of construction and September as the move-in date. Because we live in a condominium, not a rental apartment, we donât have any issues with rent costs, etc. The shorter interest-only period on the financing is definitely an advantage.
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PaddyOnAir13 Jul 2018 10:00Snowy36 schrieb:
In my opinion, you are currently comparing a Ferrari with a Polo.... For that small extra cost, definitely: ViebrockhausI'm glad to receive this answer Thank you!
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PaddyOnAir13 Jul 2018 10:02haydee schrieb:
Compare the construction service descriptions and, if possible, the material selections for both. Only when these are the same will you get an accurate understanding of the difference. Often, the âmore expensiveâ providers have better construction service descriptions and lower upgrade costs.
For example, tiles â if you want large-format tiles, this may incur additional charges with one or both.
Electrical outlets, flooring, etc.Thatâs correct. For example, tiles are included as standard at Viebrockhaus for 60 euros (approximately 66 USD), while at Heinz von Heiden they are 25 euros (approximately 27 USD). Electrical outlets cost 36 euros (approximately 40 USD) at Viebrockhaus and 43 euros (approximately 47 USD) at Heinz von Heiden. The overall fittings are definitely better at Viebrockhaus.
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PaddyOnAir13 Jul 2018 10:04seth0487 schrieb:
We also looked into Viebrockhaus at the time. I would say it is one of the most reliable and secure ways to build a house. However, it is also among the more expensive options....
That said, you canât really compare Heinz von Heiden, which builds quite affordably, with Viebrockhaus in terms of equipment features and the scope of construction services. I think they are worlds apart. With Viebrockhaus, you can move into a âstandardâ house without significant additional finishing costs. With Heinz von Heiden, you often have to pay extra to make it ânice.â
So I find the price difference relatively small if you want to compare them that way? I agree. Especially since Viebrockhaus handles everything in-house. Heinz von Heiden only works with subcontractors. With Viebrockhaus, you definitely get a better overall feeling.
Not everyone needs 60 cm (24 inches) tiles and many can find something nice in 25 cm (10 inches). But here in the neighborhood, there is a Heinz von Heiden house. The construction dragged on endlessly. I also donât like the ETICS (External Thermal Insulation Composite System) facade. The base coat plaster looks too cheap to me, and in case of warranty issues, Heinz von Heiden is known to be quite slow. Karsten