Hello dear community,
I would like to ask for information regarding ongoing operating costs for a single-family house.
We plan to build soon and want to test our debt service capacity. For this, I have also calculated ongoing operating costs:
Framework:
- 3 people (2 adults, 1 child)
- Single-family house, 160 m² (1722 sq ft) in Rhineland-Palatinate
I have calculated the following monthly costs:
Is this realistic? Is there a simplifying factor (cost per m²) that I could use for verification?
Have I missed an important cost item or anything else? I look forward to your input.
Thank you very much.
Best regards,
Ralf_1980
I would like to ask for information regarding ongoing operating costs for a single-family house.
We plan to build soon and want to test our debt service capacity. For this, I have also calculated ongoing operating costs:
Framework:
- 3 people (2 adults, 1 child)
- Single-family house, 160 m² (1722 sq ft) in Rhineland-Palatinate
I have calculated the following monthly costs:
| Water | 50.00 € |
| Waste collection fees | 40.00 € |
| Property tax | 25.00 € |
| Heating system / chimney sweep maintenance | 20.00 € |
| Building insurance | 85.00 € |
| Electricity | 100.00 € |
| Gas | 100.00 € |
| Broadcasting fee | 20.00 € |
| Other housing-related costs: garden landscaping, repairs, reserves | 200.00 € |
Is this realistic? Is there a simplifying factor (cost per m²) that I could use for verification?
Have I missed an important cost item or anything else? I look forward to your input.
Thank you very much.
Best regards,
Ralf_1980
Winniefred9 May 2019 20:23Ralf_1980 schrieb:
I have estimated the following monthly expenses:
Water
50.00 €
Waste disposal fees
40.00 €
Property tax
25.00 €
Heating system maintenance / Chimney sweep
20.00 €
Home insurance
85.00 €
Electricity
100.00 €
Gas
100.00 €
Broadcasting fee
20.00 €
Other housing-related costs: garden design, repairs, reserves
200.00 €
Basically, you will need to research most of these yourself since prices vary widely by region. Property tax is currently hard to estimate. I expect rising costs if the model proposed by Scholz is implemented, especially in popular locations, which will likely apply to you. Roughly, these figures should be accurate—we have similar expenses (for four people, but in a significantly smaller living space).
Maybe this helps
Electricity for household and heat pump ... €150 / month (repayments are always welcome)
Water including sewage ... €300 / year (payment divided into three or four installments per year)
Property tax [in BW] ... €170 / year (payment divided into three or four installments per year)
Broadcasting fee (license fee) ... €52 / quarter
Telecom/cable ... € / month
Waste disposal fees [in our area] ... €130 / year (one-time payment)
Heating system maintenance approx. €200 / year
Insurance(s) as a lump sum ?! ... in our case, an amount per year for all insurances combined
We set aside €1 per sqm per month for repairs, etc.
Garden landscaping and similar is very individual.
Electricity for household and heat pump ... €150 / month (repayments are always welcome)
Water including sewage ... €300 / year (payment divided into three or four installments per year)
Property tax [in BW] ... €170 / year (payment divided into three or four installments per year)
Broadcasting fee (license fee) ... €52 / quarter
Telecom/cable ... € / month
Waste disposal fees [in our area] ... €130 / year (one-time payment)
Heating system maintenance approx. €200 / year
Insurance(s) as a lump sum ?! ... in our case, an amount per year for all insurances combined
We set aside €1 per sqm per month for repairs, etc.
Garden landscaping and similar is very individual.
I have no idea why you're calculating a high cost now. I estimate an average of 400€ per month. That will be enough. You should understand that your calculation doesn’t apply during the winter months when the heating element is running. But that doesn’t matter either, because you don’t pay for electricity monthly based on consumption, only fixed advance payments.
R
Ralf_19809 May 2019 20:38Hello Zaba,
thank you for the information. Unfortunately, I have no personal experience with this, as I have rented all my life.
I am trying to define my budget for building, and for that, I am attempting to estimate the running costs. I am aware that the expenses do not occur in a linear way.
Do you really think that 400 euros / month would be enough? For a house of 160 m² (1,722 sq ft) and 3 people, I would have expected something more like 600 to 700 euros.
Regards
Ralf
thank you for the information. Unfortunately, I have no personal experience with this, as I have rented all my life.
I am trying to define my budget for building, and for that, I am attempting to estimate the running costs. I am aware that the expenses do not occur in a linear way.
Do you really think that 400 euros / month would be enough? For a house of 160 m² (1,722 sq ft) and 3 people, I would have expected something more like 600 to 700 euros.
Regards
Ralf
Ralf_1980 schrieb:
Hello Zaba,
Thanks for the information. Unfortunately, I don’t have any personal experience here, as I have rented my entire life.
I’m trying to define my budget for building, and for that, I’m attempting to estimate the running costs. I’m aware that these expenses are not incurred evenly.
Do you really think that 400 euros per month is sufficient? For a 160 m² (1,722 sq ft) house with 3 people, I would have expected more around 600 to 700.
Regards,
Ralf Yes, I do. If you feel more comfortable with an extra 50 euros, then go for it. However, that doesn’t include any reserves; if you can save, you may not need them.
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