ᐅ Ongoing Operating Expenses for a Single-Family Home

Created on: 9 May 2019 18:03
R
Ralf_1980
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:






































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
Z
Zaba12
10 May 2019 15:08
I pay 438€ per year for building insurance including elemental coverage, glass, and photovoltaic systems based on our total house value.
H
Hover1981
10 May 2019 15:10
I pay €394 per year without photovoltaic panels.
L
Lumpi_LE
10 May 2019 15:11
That strongly depends on the region. On Check24, there are even building insurance policies for 120€ and contents insurance for 70€...
I don’t have glass coverage, which makes it noticeably more expensive, and glass hardly ever breaks anyway.

Edit: Just checked quickly: with glass and elemental damage coverage, it would be 305€ with the same insurer.
Being near a river or on a slope quickly makes it much more expensive.
H
Hover1981
10 May 2019 15:23
Ok, convinced.
I also had a cheaper offer from the insurance broker, but he advised me against this insurer due to previous bad experiences.

Thank you
G
guckuck2
11 May 2019 12:19
I have a lot of glass and small children, so it’s included in the building insurance. It cost about €30 (around $30). I don’t include glass in the contents insurance since the internal glazing is limited. However, I have an additional coverage for natural hazards in the contents insurance, which brings the cost to €150 (around $150).