ᐅ Realistic Cost Estimate: Single-Family Home with Challenging Site Access
Created on: 20 Jan 2023 10:50
S
schmeissrein
Hello everyone,
I have been following this forum for a while and first of all, a big thank you to everyone who shares their advice here and sometimes also speaks hard truths. I didn’t originally want to create a new thread but intended to form an opinion based on other discussions. However, you convinced me that this building project is too individual for that. So here is our plan:
- Building a new single-family house in the far north of Germany (Schleswig-Flensburg region).
- Plot size is over 1000sqm (10,764 sq ft).
- Total square meters are not so important as long as the layout works.
- Basement is not planned.
What we would like:
- Open-plan kitchen-living area of at least 36m² (388 sq ft).
- Guest room (at least 10m² / 108 sq ft) and small guest bathroom with shower on the ground floor, so that in old age, with disability, or a broken leg, the ground floor can be used independently and possibly serve as a bedroom.
- Utility room / storage room / pantry with heat pump of at least 8m² (86 sq ft) (KfW 40 standard would be great, of course).
- Upper floor with three rooms (1 office, 1 master bedroom, 1 child’s room) each at least 14m² (151 sq ft) and one bathroom. Our dream would be a “walk-in” (what a silly word – aren’t all showers walk-in?) shower to avoid having to clean those limescale-rusty, annoying shower enclosures.
- We could contribute labor for garden landscaping and painting/wallpapering; otherwise, we would prefer a turnkey build.
As for the house style, regionally typical Frisian houses or captain’s houses (with all the “cute” features like small gables, etc.) are in consideration, or also not completely unimaginative “normal” single-family houses. We are not afraid of Bauhaus-style concrete marvels either, but those tend to be more expensive. In terms of fittings, no “gold-plated faucets” and no smart home – but decent and presentable.
The big BUT: the plot is not connected to utilities, and the distance to the street is about 65m (213 ft), of which 50m (164 ft) is a paved driveway and paved parking area that would have to be dug up (across another property). The connection costs and incidental construction costs worry us quite a bit. Does anyone have experience with such a “mammoth connection” for a relatively small building project? What realistic costs should we expect for both?
We would greatly appreciate any thoughts on this project, thank you very much in advance!
I have been following this forum for a while and first of all, a big thank you to everyone who shares their advice here and sometimes also speaks hard truths. I didn’t originally want to create a new thread but intended to form an opinion based on other discussions. However, you convinced me that this building project is too individual for that. So here is our plan:
- Building a new single-family house in the far north of Germany (Schleswig-Flensburg region).
- Plot size is over 1000sqm (10,764 sq ft).
- Total square meters are not so important as long as the layout works.
- Basement is not planned.
What we would like:
- Open-plan kitchen-living area of at least 36m² (388 sq ft).
- Guest room (at least 10m² / 108 sq ft) and small guest bathroom with shower on the ground floor, so that in old age, with disability, or a broken leg, the ground floor can be used independently and possibly serve as a bedroom.
- Utility room / storage room / pantry with heat pump of at least 8m² (86 sq ft) (KfW 40 standard would be great, of course).
- Upper floor with three rooms (1 office, 1 master bedroom, 1 child’s room) each at least 14m² (151 sq ft) and one bathroom. Our dream would be a “walk-in” (what a silly word – aren’t all showers walk-in?) shower to avoid having to clean those limescale-rusty, annoying shower enclosures.
- We could contribute labor for garden landscaping and painting/wallpapering; otherwise, we would prefer a turnkey build.
As for the house style, regionally typical Frisian houses or captain’s houses (with all the “cute” features like small gables, etc.) are in consideration, or also not completely unimaginative “normal” single-family houses. We are not afraid of Bauhaus-style concrete marvels either, but those tend to be more expensive. In terms of fittings, no “gold-plated faucets” and no smart home – but decent and presentable.
The big BUT: the plot is not connected to utilities, and the distance to the street is about 65m (213 ft), of which 50m (164 ft) is a paved driveway and paved parking area that would have to be dug up (across another property). The connection costs and incidental construction costs worry us quite a bit. Does anyone have experience with such a “mammoth connection” for a relatively small building project? What realistic costs should we expect for both?
We would greatly appreciate any thoughts on this project, thank you very much in advance!
X
xMisterDx23 Jan 2023 11:45With a net income of 4,300, you will at best be able to save just enough to keep up with inflation. Even a 2% annual increase in construction costs means an additional 10,000 EUR per year on a total price of 500,000 EUR.
So this won’t help you because your potential savings rate is simply too low. After parental leave, there is no illusion to be made—one of you will have to work part-time for several years.
So this won’t help you because your potential savings rate is simply too low. After parental leave, there is no illusion to be made—one of you will have to work part-time for several years.
H
hanghaus202323 Jan 2023 12:54schmeissrein schrieb:
hanghaus, was noise an issue for you or why did you take on the work?Noise, heat loss, discomfort, acoustics, privacy.
schmeissrein23 Jan 2023 13:57xMisterDx schrieb:
With a net income of 4,300, at best you'll only manage to save enough to keep up with inflation. Even a 2% annual increase in construction costs means an extra 10,000 EUR per year on a total price of 500,000.
So that won’t really help you, since your possible savings rate is simply too low. Because after parental leave, there’s no illusion to be had: one of you will be working part-time for several years. A salary increase that is currently being processed and part-time work after parental leave would bring us to about 5,300–5,800 EUR. Are you saying “build now, saving won’t help,” or “better not build at all, you’re too poor”?
An open stairwell is a staple in any good sitcom—ideally equipped with a motion sensor to trigger the laugh track with an adjustable delay after someone has gone to the side-by-side refrigerator. Although you can’t pay for open spaces with air credits, they are practically worthless nonetheless. I’ve probably mentioned several times that I don’t know of any ship with a second captain solely for reverse maneuvers. Saving up to offset rising construction costs is at least ambitious. For those currently hesitant to move into a new house too early, the waitlists for heat pumps will confidently ease any worries (or so I’ve heard). Well-founded information on long-distance utility connections can definitely be found in the forum, though unfortunately not from a crystal ball.
https://www.instagram.com/11antgmxde/
https://www.linkedin.com/company/bauen-jetzt/
https://www.instagram.com/11antgmxde/
https://www.linkedin.com/company/bauen-jetzt/
X
xMisterDx23 Jan 2023 16:06Even with 5,300 EUR, you won’t be able to keep up with the current inflation. If you want to build or buy, do it now. Just like with children, there is never a perfect time for it.
Even if you set aside 20,000 EUR, your real equity will only increase slightly, because your desired house will cost 525,000 EUR (about 525,000) in 2024 instead of 500,000 EUR (about 500,000) today.
And interest rates could still rise significantly. What you can finance today at 3.5% could become unaffordable at 5% in a year.
Even if you set aside 20,000 EUR, your real equity will only increase slightly, because your desired house will cost 525,000 EUR (about 525,000) in 2024 instead of 500,000 EUR (about 500,000) today.
And interest rates could still rise significantly. What you can finance today at 3.5% could become unaffordable at 5% in a year.
xMisterDx schrieb:
If you want to build or buy, do it now. Like with having children, there is never a perfect time. However, when building with children, there are better times, for example, when child 2 is out of diapers and child 1 is not yet in school. Conversely, there is a less favorable time: the intense construction phase while child 2 is still in the womb. Speculating on land with a single plot, especially one intended for personal use, generally does not perform well. This was a key reason for renaming "Baulotsen Hoffmann" to "Bauen jetzt". Earning money with time requires having significantly more money than what can be accumulated through saving alone.
https://www.instagram.com/11antgmxde/
https://www.linkedin.com/company/bauen-jetzt/