ᐅ New Construction in North Rhine-Westphalia: Status of Construction Costs and Skilled Trades in 2024
Created on: 21 Jan 2024 19:45
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StefanC
Hi, we are currently facing a tough decision – whether to build ourselves or not. Ideally, we would like to build our own home, but most of our friends and acquaintances advise against it. Their main concerns are the "uncertain" situation regarding building materials and the "shortage of skilled workers." None of them work in the construction industry, so their opinions should be taken with some caution. Since we also have little experience so far and the next step would be to consult an architect, we would like to hear your opinions. Is the situation really "that bad"? An architect should have good contacts with construction companies, and with proper planning, major delays should be largely avoidable. What do you think?
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jens.knoedel24 Jan 2024 10:30Steve_M schrieb:
The current subsidies are quite generous as well.Which subsidies? There are currently no KfW new construction subsidies (at the moment).jens.knoedel schrieb:
What subsidies? KfW new construction loans are no longer available (at the moment). In North Rhine-Westphalia (NRW), there are subsidized loans from NRW.Bank with an interest rate below 1% and a 10% repayment grant.
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jens.knoedel24 Jan 2024 10:57Steve_M schrieb:
In North Rhine-Westphalia, there are subsidized loans from NRW.Bank with interest rates below 1% and a 10% repayment bonus. Yes, this is basically support aimed at "low-income" groups. Have you seen the income limits? As a family consisting of father, mother, and children, you must have a gross annual income under €50,000 (about $54,000) to qualify for the best subsidies, and not exceed €69,000 (about $75,000) to receive any support at all.
These subsidies are mainly intended for traditional terraced housing developments like Traumhaus/German terraced houses, etc.
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jens.knoedel24 Jan 2024 11:10Steve_M schrieb:
ok, my mistake. I had the limits much higher in mind.No problem. I think this type of support is great. At least it is targeted. And honestly? For a young family with a child, it results in a really nice living opportunity – such communities all have similar residents and lots of children of comparable age. A dream for young happiness.
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HungrigerHugo24 Jan 2024 12:54jens.knoedel schrieb:
No problem.
I think this type of support is great. At least it is targeted. And honestly? For a young family with a child, it results in a great housing opportunity – these kinds of developments have residents with similar backgrounds and plenty of children of comparable ages. A dream for young happiness. This support effectively forces one parent to stay at home. What was it again about equal rights?