Hello everyone!
We are planning to build with Scanhaus Marlow in the near future and have prepared a cost estimate after several discussions (also with other providers). Since we are newcomers to this field, we would like to know whether our plan is realistic or off, and if anything is missing.
Building location: District Unna, NRW, rural area
Plot: about 500 m² (5380 sq ft), not hilly (only slight leveling needed, if any)
House: 125 m² (1345 sq ft), 1.5 stories, turnkey except for floor coverings/painting, standard features, underfloor heating, roller shutters, fixed planning fee and building permit for the garage included in the house price, no basement
[INDENT]Plot: 110,000 €
Realtor: 4,000 €
Notary: 1,500 €
Property transfer tax (6.5%): 7,150 €
House price: 167,900 € including foundation slab
Utility connections (water, sewage, electricity, gas, etc.): 11,000 €
Surveyor: 2,800 €
Soil report: 900 €
Official fees: 500 €
Insurance: 800 €
Construction power/water: 600 €
Waste container: 600 €
Possible foundation costs: 10,000 €
Walls/floor coverings + labor: 8,000 €
Garden/terrace: 10,000 €
Access road, garage: 20,000 €
Total 355,750 €
[/INDENT]
Is this a somewhat realistic assessment? How much contingency should one roughly plan for?
Financially, our situation is that we have about 100,000 € in equity. For the loan, we would only consider the husband’s net income of about 3,200 € (civil servant).
We would appreciate your feedback.
Best regards,
FamPre
We are planning to build with Scanhaus Marlow in the near future and have prepared a cost estimate after several discussions (also with other providers). Since we are newcomers to this field, we would like to know whether our plan is realistic or off, and if anything is missing.
Building location: District Unna, NRW, rural area
Plot: about 500 m² (5380 sq ft), not hilly (only slight leveling needed, if any)
House: 125 m² (1345 sq ft), 1.5 stories, turnkey except for floor coverings/painting, standard features, underfloor heating, roller shutters, fixed planning fee and building permit for the garage included in the house price, no basement
[INDENT]Plot: 110,000 €
Realtor: 4,000 €
Notary: 1,500 €
Property transfer tax (6.5%): 7,150 €
House price: 167,900 € including foundation slab
Utility connections (water, sewage, electricity, gas, etc.): 11,000 €
Surveyor: 2,800 €
Soil report: 900 €
Official fees: 500 €
Insurance: 800 €
Construction power/water: 600 €
Waste container: 600 €
Possible foundation costs: 10,000 €
Walls/floor coverings + labor: 8,000 €
Garden/terrace: 10,000 €
Access road, garage: 20,000 €
Total 355,750 €
[/INDENT]
Is this a somewhat realistic assessment? How much contingency should one roughly plan for?
Financially, our situation is that we have about 100,000 € in equity. For the loan, we would only consider the husband’s net income of about 3,200 € (civil servant).
We would appreciate your feedback.
Best regards,
FamPre
Bauexperte schrieb:
However, I will never understand how potential homebuilders can base their entire project solely on raw numbers from providers...I believe that especially as beginners (as we are), you first want to get an overview of what is available for how much money or what the minimum requirements are. In our specific case, it is mainly about relying on the experiences of other homebuilders to learn how to estimate all additional construction-related costs and to find out whether any essential aspects have been overlooked.
We are fully aware that we need to keep a reserve for all sorts of extras as well. But since we have no experience, we wanted to use this opportunity to find out what one can roughly budget. It is not about the financing amount, but rather about a rough cost planning on which the entire “building a house” project depends.
At first glance, this may sound somewhat naive, but everyone has to start somewhere. Especially since the definition of “reasonable standard” can be debated.
B
Bauexperte16 May 2016 00:16FamPre schrieb:
There is certainly room for debate about the definition of "reasonable standard" Not really
Like you, many prospective homeowners first look at the price they have to pay for a single-family house. In the next step, one or two discussions take place with the currently preferred provider. During these meetings, it quickly becomes clear what is meant by "reasonable standard," as well as what it costs to achieve it.
The next step is that the "reliable" companies in the industry naturally emerge on their own.
Of course, exceptions also prove the rule here; these exceptions are usually found in forums that operate a moderated forum ... almost without exception.
Regards, Bauexperte