ᐅ Overwhelmed... Is my calculation or knowledge correct?

Created on: 10 Aug 2016 20:15
S
Schwabenland
Good evening!

I come from the Tübingen district and I am 27 years old. My wife and I have now received confirmation for our desired plot, which we will buy in the next few days. Now the planning for the actual house begins.

I am a complete beginner and have browsed this forum a bit, but it’s overwhelming. All the information drives me crazy and discourages me; I don’t even know where to start!

We don’t have a huge budget and want to build with a construction company such as Heinz von Heiden, Town & Country, or Scanhaus Marlow. Some kind of builder that is not the most expensive but still delivers good quality work, preferably solid construction. There are good and bad reviews about every builder online, so I won’t even ask here for recommendations, right?

What I have found out so far are the following hidden costs: (House only, no landscaping)

On top of the “turnkey price,” I have to calculate:
1. About 25,000€ (27,500 USD) additional construction costs
2. Kitchen
3. Lighting fixtures
4. Own work, usually: flooring/wall work + materials
5. Basically add about 20,000€ (22,000 USD) for selections to the stated “turnkey price” because the standard is often too basic

I need to pay attention to the construction description included with “turnkey”:
1. Is triple glazing included?
2. What standard is installed?
3. Heat pump, etc.?
4. What extras do I want + what does all that cost?

I would like to know now:

1. What is the best way to proceed? I want to schedule appointments with the companies mentioned above. How do I best prepare for meetings with these somewhat opaque builders?

2. What other hidden costs should I watch out for that I haven’t mentioned or don’t know yet?

3. What must the house absolutely have in terms of “equipment”/standard?

An example of how I calculate:

House standard turnkey: about 170,000€ (187,000 USD)
Selections:        about 20,000€ (22,000 USD)
Additional construction costs: about 25,000€ (27,500 USD)
Flooring + wall materials: about 6,000€ (6,600 USD)
Kitchen:             about 15,000€ (16,500 USD)
Lighting:            about 3,000€ (3,300 USD)
Financial buffer:      about 5,000€ (5,500 USD)

= 244,000€ (269,000 USD)

Is this correct? Am I missing anything? Do I need to add anything else, if yes, what?

I would really appreciate your help!
Best regards
S
Schwabenland
15 Aug 2016 19:10
Yes, we are going to parks.

Why is it for cost and time reasons? Time because of the shorter waiting period? And why cost?

The thing is, the prefabricated houses all have KFW 55 standards. For a solid construction house, it becomes significantly more expensive due to the insulation, as I have read. Although the appointment with Heinz von Heiden is still pending...

Who did you build with, if I may ask?
RobsonMKK15 Aug 2016 19:15
I am currently in the final phase.
We are planning with a Town & Country partner, and we have visited several houses.

For cost and time reasons: well, a good timber frame house does not cost less than a solid construction. And yes, the timber house’s exterior shell goes up quickly. Then the interior work begins, and depending on whether you do it yourself or hire someone, it either takes time or costs money.

Regarding KfW 55 (energy efficiency standard), the question is always whether it is necessary. Many houses come close to the 55 values but are not officially certified as such. I don’t really care what label is on it, as long as the final consumption fits.
And there are different wall constructions, even with solid builds.
S
Schwabenland
15 Aug 2016 19:20
Great, you’re almost done!

We still have all this ahead of us.
Are you satisfied with Town & Country? I have an appointment with them as well.
Is their standard quality any good? Is Town & Country transparent in terms of costs? I’m worried there might be an unpleasant surprise later on, since they all like to show off...
P
Peanuts74
15 Aug 2016 20:37
As mentioned, with Town & Country it usually doesn’t stay at the standard level...
Abloa was okay for the acquaintances...
P
Peanuts74
16 Aug 2016 08:43
We also requested quotes for several different solid construction methods. In the end, the type of block used hardly made a difference; only a higher energy standard incurred additional costs.
T
Tihiddi
16 Aug 2016 09:03
We also compared several home construction companies (Heinz von Heiden, Town & Country) and numerous general contractors. This was done solely by comparing the scope of work descriptions (Bauleistungsbeschreibung).
When adjusting the individual scope of work descriptions, Heinz von Heiden suddenly became €40,000 (about $43,000) more expensive O.O
Town & Country was quickly ruled out because they were unable to accommodate our custom floor plan.
With the homebuilders, it was immediately apparent that we were only dealing with salespeople who had limited knowledge. However, they were skilled at telling us what we wanted to hear.