ᐅ New Construction with Limited Time – Any Experiences?

Created on: 9 Sep 2018 20:08
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Nikless
Hello everyone,

My wife, my daughter, and I are looking to build our own home (single-family house). We might have a second child in the future. The house will be built in the postal code area 77XXX. Since I have a very time-consuming job and I’m not very skilled with DIY work, I want to have the whole project delivered as move-in ready as possible, without too much coordination effort. What is the best way to achieve this?

Our requirements:
- 5 rooms with two bathrooms that have showers (children’s bathroom)
- This summer showed me that I don’t want to build a house without cooling. I’m open regarding the cooling concept, but I have heard good things about heat pumps including a cooling function plus a photovoltaic system. What are sensible options? Underfloor heating / wall heating / ceiling cooling?
- A complicated/individual ground floor layout because I want to integrate a home cinema (my hobby) into the living room. Cooperation with the home cinema installer will also be necessary. If anyone has experience with how to manage this, I would appreciate any advice.
- Lighting and roller shutters should be smart. Here the question arises whether to go for retrofit solutions (Philips Hue) or a bus system like KNX combined with home automation such as RTI or Control4?
- No specific requirements regarding the exterior design. I would also consider a mono-pitched roof to install a full photovoltaic system facing south and keep the rest of the building simple, square, and practical.
- Avoid sloped ceilings upstairs, which also speaks in favor of a mono-pitched or hipped roof (urban villa style).

How should all this be financed?
He: net income 5,500 € (tendency rising)
She: net income 800 € (we don’t count on this, since a second child might be coming)
Equity: 30,000 € saved within one year. Within the next few years, there might also be an inheritance of 250,000 €. I would consider buying a suitable plot now even without much equity and use the remaining money/inheritance for additional loan repayments. What do you think about that?

Best regards!
K
kbt09
15 Sep 2018 10:53
@Nikless ... How long have you been living in the house?

And if they sold their house on that date, then that is not a valid reason for a termination based on personal use. Because your landlords did not have personal use requirements on that date, the new owners would have to serve the termination—they basically bought your lease agreement.
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Nikless
15 Sep 2018 10:58
The landlords are selling the single-family house where they live. Our apartment is in a different multi-family building. The landlords will effectively be homeless starting in August, yet they still own our rental apartment. Sorry, I didn’t explain that earlier. We have been living here for less than 2 years. So, there is a 3-month notice period.

Best regards
K
kbt09
15 Sep 2018 11:07
Yes, that is obviously frustrating. Above all, they can terminate the contract immediately once they have effectively sold their house, which could then be as early as July 31st. They do need to provide a proper justification for this, but that should not be difficult.
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Nikless
15 Sep 2018 12:43
Does anyone have additional items to add to my property checklist?
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Alex85
15 Sep 2018 13:21
kbt09 schrieb:
Yes, that is obviously inconvenient. Especially since they can terminate the lease immediately at the moment they have effectively sold their house, making the termination effective as of July 31st. They do need to provide a valid reason, but that shouldn’t be too difficult.

It’s not that simple. For example, if there are comparable apartments available for rent, claiming personal use can be challenging.
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Nikless
15 Sep 2018 13:28
There’s no other option; otherwise, we could just move there, but then the moving costs would be lost. I’m speeding things up now, and before I sign, I’ll check once more what the landlords say.