ᐅ KfW40, Funding Program 300 "Low-Income Households"

I am definitely very curious to see how things develop further! It would be great if we could continue to read updates about this here.

Offtopic schrieb:

The bill will never come out differently in the end..

We signed it as a fixed price...

HausNummer 9 schrieb:

But that is probably why so-called "normal people" with simple lives who really have very few expenses end up here.

I made a spreadsheet back then to track all expenses, separated by categories and divided into monthly and annual costs, with the annual costs converted into monthly amounts. Annual expenses are often easy to overlook. Definitely, several items were added to the spreadsheet after I thought it was finished. And three months later, part of the spreadsheet became irrelevant because diesel fuel was at 2.20€ per liter (about $2.35 per liter) and food prices skyrocketed. So it’s important to plan a generous buffer. By the way, not only for the mortgage payments but also for the overall house budget. We still have some smaller invoices and landscaping work outstanding, and I didn’t track every single screw order from Amazon or every trip to the hardware store or gravel supplier (at first I was meticulous, but eventually, it became tedious). But it’s already clear that we are significantly over the estimated budget. The individual reasons for the cost overruns—apart from the patio roof—are usually not expensive on their own. But they add up.

HausNummer 9 schrieb:

We signed a fixed price contract...

You signed a fixed price contract based on the building specification. Anything not included there will be added on. Whether it’s an extra socket or an additional 10€ per square meter (about $10 per square foot) surcharge for tiles, etc. A fixed price is only as reliable as the building specification it refers to.

xMisterDx schrieb:

Your "cold rent" is rising from 450 to 1,250 EUR. That’s the monthly payment. Your additional costs are increasing from 100 EUR (extremely cheap—does that include heating?) to easily 300 EUR.

I wouldn’t expect additional costs of 300 euros for a single-family house of this size. In my opinion, that’s calculated very low, especially considering future developments.

Costs are rising everywhere and quickly. Everyone just wants your money. I would budget 600–700 euros, or even more.

So, loan payments plus additional costs are already around 2,000 euros, and likely to increase further. Grocery expenses will also certainly rise.
We just had an increase in our children’s meal fees as of 01.01.24, which is now over 100 euros per month (5.30 euros daily).

Your equity practically invites you to build your house much more cheaply and to avoid using a general contractor.
But of course, that’s your decision.

Delicosa schrieb:

Hi,
I usually just read quietly, but maybe for the original poster as a comparison (offer from 19.12.2023). We are currently planning ourselves.
Construction electricity in our calculation (solid construction): 5,500 euros for construction power and 12,000 euros for utility connections (electricity/water/internet). (Of course, costs depend on how far the connections need to be extended per meter.) In Schleswig-Holstein, for example, some towns do not offer gas connections, which naturally reduces costs somewhat. (Excluding additional costs for alternative heating systems).
The soil survey also costs around 1,000 euros, or was that included? (Sorry if I missed that.)

I wouldn’t immediately suspect ignorance here; maybe someone simply trusted the general contractor or it is thoroughly detailed in the draft purchase agreement?

In our contract it states:

Application for construction electricity and water, installation of the electrical panel, and provision of the construction water connection.
Furthermore:

All earthworks and irrigation work are included, including the delivery and installation of the cistern.
The soil survey is also included.

I appreciate the constructive criticism here, but I never understand why some people feel the need to "attack" others right away like some original thread posters do.

What is the current status?
The contract is now signed, but what about the financing?
Is there anything left to discuss here, or is everything already settled?

HausNummer 9 schrieb:

Our contract says:

Application for construction electricity and construction water, installation of the electrical box, and provision of construction water connection

So, you pay for the electricity yourselves?
Do you also cover heating the screed?

HausNummer 9 schrieb:

All earthworks and irrigation work are included, including delivery and installation of the cistern.
The soil survey is also included.

So, the removal of excavated material is not included?
Are you storing it on the property, or do you pay for disposal yourselves?

What does your local authority charge for connecting water and electricity?

Are floor coverings included?

Is painting included?

What electrical work is included, and what do you need to arrange separately?

How much do the bathroom and staircase need to be customized?