ᐅ Our lifelong project: A single-family home with 8,600 square feet of living space
Created on: 8 Nov 2020 12:49
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VanillaSwap
Good morning ladies and gentlemen,
I have found the form that everyone usually fills out in advance to provide more input. We are still trying to find a suitable plot of land. Most of the properties currently listed online in Hesse have either a too low floor area ratio or site coverage ratio, or they are unsuitable due to their location or neighborhood.
In general, we are not fixed on Hesse and have decided to remain flexible, as long as the location is not in the eastern part of the country (too far away for us), since this building project is only intended as a second home, to be used as a weekend house.
We see this house as our last major construction project before retirement. We are both very skilled at DIY work, so tasks like electrical installation planning, bathroom construction, and even building a sauna and steam bath have already been completed entirely by ourselves. We also finished the last interior work completely on our own, as well as the garden including the terrace and pond, independently built. As you can see, there is a high level of own initiative and expertise, which we believe enables us to successfully undertake such a project. Additionally, we aim to keep labor costs low by "optimizing" taxes and contributions.
General information about you:
Who are you? Father, mother, 2 teenagers.
How old are you? Parents are in their late 40s, children around 18 years old.
Are more children planned? No.
Are you employed, self-employed, retired, homemaker, etc.? Father is self-employed (lawyer with his own practice), mother does not work.
Income and assets:
What income do you have (gross/net)? Net: at least €30,000 per month as private withdrawal
How much equity do you want to invest in the house project? Preferably a low equity share to make the most of the current available funds (our consideration)
Housing costs:
No rent, own single-family house
General information about the property:
How large is the plot? We are trying to secure a plot from 1500 sqm (approximately 16,150 sq ft) upwards, preferably larger. Our motto is: the bigger, the better. Please feel free to post ideas on where to find such plots in Hesse – private tips via PM will of course be rewarded. We would need a building envelope with dimensions of about 34 x 25-30 meters (112 x 82-98 ft).
New build, existing building (year built), house type? Garage? New build with underground garage (a major wish to accommodate my husband’s small car collection)
How big is the house? (living area / usable area): approximately 800 sqm (8,600 sq ft) plus basement (part underground garage, partly fitness room, etc.)
Construction or purchase costs:
Plot costs: We are budgeting up to half a million (Euros); please correct us if this seems unrealistic. The last time we built was in ’08-’09, and at that time such a budget still worked well for the land.
Development costs: Unknown
Building or purchase costs (including architect, structural engineer): estimated €1,000,000 - €1,500,000
Additional construction-related costs (e.g., utility connections, soil surveyor, temporary power, etc.): Unknown
Outdoor facilities/terrace, paths, garden design, fences, etc.: Outdoor pool desired
Total costs: €1.5 - 2 million
Cost breakdown:
Total costs: €1,500,000
Deductible equity: e.g., €150,000
Financing amount: €1,350,000
Attached you will find some pictures that inspired us stylistically and that represent what the final product should look like. Of course, we know this project is quite demanding in terms of effort and execution, but we are confident that with our ideas and contacts within the industry, we should be able to realize it.
We very much look forward to your input and hope to receive ideas on implementation, opinions on the budget, and suggestions for possible locations of the plot.
Best regards,
S.
I have found the form that everyone usually fills out in advance to provide more input. We are still trying to find a suitable plot of land. Most of the properties currently listed online in Hesse have either a too low floor area ratio or site coverage ratio, or they are unsuitable due to their location or neighborhood.
In general, we are not fixed on Hesse and have decided to remain flexible, as long as the location is not in the eastern part of the country (too far away for us), since this building project is only intended as a second home, to be used as a weekend house.
We see this house as our last major construction project before retirement. We are both very skilled at DIY work, so tasks like electrical installation planning, bathroom construction, and even building a sauna and steam bath have already been completed entirely by ourselves. We also finished the last interior work completely on our own, as well as the garden including the terrace and pond, independently built. As you can see, there is a high level of own initiative and expertise, which we believe enables us to successfully undertake such a project. Additionally, we aim to keep labor costs low by "optimizing" taxes and contributions.
General information about you:
Who are you? Father, mother, 2 teenagers.
How old are you? Parents are in their late 40s, children around 18 years old.
Are more children planned? No.
Are you employed, self-employed, retired, homemaker, etc.? Father is self-employed (lawyer with his own practice), mother does not work.
Income and assets:
What income do you have (gross/net)? Net: at least €30,000 per month as private withdrawal
How much equity do you want to invest in the house project? Preferably a low equity share to make the most of the current available funds (our consideration)
Housing costs:
No rent, own single-family house
General information about the property:
How large is the plot? We are trying to secure a plot from 1500 sqm (approximately 16,150 sq ft) upwards, preferably larger. Our motto is: the bigger, the better. Please feel free to post ideas on where to find such plots in Hesse – private tips via PM will of course be rewarded. We would need a building envelope with dimensions of about 34 x 25-30 meters (112 x 82-98 ft).
New build, existing building (year built), house type? Garage? New build with underground garage (a major wish to accommodate my husband’s small car collection)
How big is the house? (living area / usable area): approximately 800 sqm (8,600 sq ft) plus basement (part underground garage, partly fitness room, etc.)
Construction or purchase costs:
Plot costs: We are budgeting up to half a million (Euros); please correct us if this seems unrealistic. The last time we built was in ’08-’09, and at that time such a budget still worked well for the land.
Development costs: Unknown
Building or purchase costs (including architect, structural engineer): estimated €1,000,000 - €1,500,000
Additional construction-related costs (e.g., utility connections, soil surveyor, temporary power, etc.): Unknown
Outdoor facilities/terrace, paths, garden design, fences, etc.: Outdoor pool desired
Total costs: €1.5 - 2 million
Cost breakdown:
Total costs: €1,500,000
Deductible equity: e.g., €150,000
Financing amount: €1,350,000
Attached you will find some pictures that inspired us stylistically and that represent what the final product should look like. Of course, we know this project is quite demanding in terms of effort and execution, but we are confident that with our ideas and contacts within the industry, we should be able to realize it.
We very much look forward to your input and hope to receive ideas on implementation, opinions on the budget, and suggestions for possible locations of the plot.
Best regards,
S.
P
pagoni202010 Nov 2020 20:1411ant schrieb:
By the way... since someone in a "neighboring thread" wants to build a (measly 350 sq m (3750 sq ft)) house in Wandlitz https://www.hausbau-forum.de/threads/350m-grosses-einfamilienhaus-in-wandlitz-neu-bauen-lassen.37044/, this raises the question for me whether it is supposed to be a "normal" residential area or rather a "gated community"? Tsk tsk.... this project IS a gated community... in itself already
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pagoni202011 Nov 2020 11:4411ant schrieb:
Since it seems that most of us have decided to take the question at least hypothetically seriously, I want to add to my previous post: It has already been mentioned several times that a property of a certain size and additional factors could sit unsold even on the shelf of a luxury real estate agent when you actually need or want to sell it. Such a property would be the opposite of a quick seller and might have to be listed for so long that it only finds a buyer during the next market downturn after being advertised in a boom. This affects the sales result in two ways: through the loss in price and the duration of financing while waiting for the sale to complete.
Additionally, a large property—if above ground—can only be poorly concealed by walls and always represents a security risk, as it easily attracts the attention of professional undesirable actors. Therefore, I would suggest designing the complex more discreetly: inspired by the example of the children’s wing by @hampshire, I would create the casino as a separate unit; and divide the vehicle collection to four, at most five spaces at the house. I have always enjoyed combining vehicle swaps with a short drive. Back then, it was still possible to register the vehicles at the garage location, which also enhances security.
If you read through the financing section here, you quickly notice that EVERY stated figure is wrong and SOMEONE ALWAYS says you can’t do anything for such a little amount (often right, but it is always said). In that regard, I would always express my fortune in the unit “fantastilliards” and without mentioning the currency ;-) And I would generally never invest above-average construction funds in sheer quantity. Secondly, I wouldn’t settle for 100 square meters (about 1,100 square feet) in Ticino just because I would have taken all the thousands in the Taunus region (load balancing also works when enjoying yourself); and first of all, I would rather have Gail in the guest bathroom and staff in the storage room than waste the money on sheer size. No amount of taxes—something I, by the way, repeatedly doubt—can save you from building an excessive overdose of square meters.
Seriously, if I were a lawyer (apparently specializing in insolvency, banking, or patent law), I would just ask a colleague who deals with family law at the lawyers’ round table where to find a big house cheaply due to divorce soon. I wouldn’t go to any forum for that—such deals happen in the sauna club, at hole nineteen, or on a hunt. I can’t help but smile a little reading this thread, as it reminds me of the wonderfully crazy TV documentary by Klaus Stern about the mayor of Hofgeismar; “Henner’s Dream,” the largest holiday property in Europe. None of the mediocre comedians can manage what the mayor dreamed up in his head and poured millions of euros into.