ᐅ Single-family house, estimated costs, and layout suggestions

So, let me be clear so even the skeptical gentleman from Saxony can understand:

I joined this forum at the beginning with very little knowledge in this field, started a thread to find out what a house measuring 11x8m (36x26 feet) with a double garage would cost and what people thought of my floor plan. I received feedback on costs and opinions about the layout. --> too expensive
Then I set guidelines with a maximum budget of 230,000 EUR (about 245,000 USD) and other criteria. --> not possible (I understood that)
The conclusion was that I either have to significantly increase the budget or it won’t work (I got that too).
So now I have an approximate figure of what I actually need to spend. And that is exactly what I wanted to know. Now I can say yes or no.
If, unfortunately, even that benchmark isn’t high enough, I might not be able to afford it and will have to consider other options.

I have received the information I wanted. If that hasn’t reached Musketier in Saxony yet, I’m sorry.

Once Schdin has the contract, things will work out somehow (thumbs up. It will be fine!).
With this, I am now stepping back. The wiser person gives in—especially since I have now gotten the information I wanted.
Best regards

pessimistic gentleman from Saxony

I am not pessimistic; I just don’t like to see anyone walk blindly into trouble.
I didn’t mean to upset you. Most home builders (myself included) start with ideas that exceed their actual financial means. Then you have to bring them back down to reality.

Schdin schrieb:
I find it shocking how everything here is constantly dismissed just because it doesn’t work in theory.

On the other hand, I find it reckless to let someone walk blindly into trouble based on half-truths.
If the builder’s price is €245,000 (about $260,000), then the materials for self-performed work, consumables, tool purchases/rentals, etc. are missing. Also, the €42,000 (about $45,000) of self-performed work still has to be completed, which can take time. What about the double financial burden during that period if you still have rent? Which type of heating system is included in the price, what about the garage or landscaping?
To compare a builder’s contract with buying a completed house, you also need to include the property transfer tax on the house.

The €245,000 (about $260,000) or €287,000 (about $305,000) figure is a rough estimate, but ultimately only tells half the story of the entire house-building project.

The materials are already included in the 245T. We have been in discussions with the developer for half a year before things are finally starting. As I’ve mentioned, this amount is the minimum and can increase. I won’t let anyone walk into a bad deal. Anyone who has read my posts carefully will have understood, as mentioned above, that this is the lowest estimate for the best-case scenario. Heating is included. Pellets.

As I said, the materials are already included, but it depends on what is installed. We don’t want to create a luxury palace with marble and gold fixtures. We are aware that you can spend a lot of money on interior finishes. I never claimed this is a fixed price, but Zeiti wanted a rough estimate, and I gave it to him.

I have to say, no hidden costs will arise for us because I also know the people behind the developer personally. The offer is not a friendship discount but the same anyone else would receive.

Call me naive or whatever, but I believe everything can be achieved if you want it. Of course, with a net income of $2,000 per month, you don’t start building a big house, but my partner and I are, I think, well positioned to manage this.

Some people here simply don’t ask and dismiss it outright from the start. Experience is useful, but just because it didn’t work out for Maier doesn’t mean it won’t work for Müller. Everyone has a different lifestyle, and he was only asking for information. For my part, I spoke with the Freuden family and others before we really got started. I think building a house is never easy, but it is doable. Even if it was certainly easier 30 years ago.

We have a notary appointment today and will buy our plot of land. With that said, have a great week, everyone.

But this is already called a developer. However, the land purchase and the house construction are separate. We are buying the plot from the municipality where I grew up, and then we will have the developer build a house on it. Actually, it is not yet certain what exactly they will build for us because we can still remove parts that we want to assign to ourselves or do ourselves, and it is also up to us whether we have the materials delivered or provide them ourselves. After the notary appointment today, we have a meeting about the contract with the developer. It might be called something different, but I simply don’t have enough knowledge about that.

Then it is not a developer but probably a general contractor.
With a developer, you purchase a plot of land including the house. In this case, the property transfer tax is calculated on the total price.
Since you are buying the land from the municipality, likely only the land is subject to property transfer tax.
If the house construction contract has already been signed, you should be careful when answering the property transfer tax questionnaire.

Thanks, but I don’t need to be cautious because, as I said, we know each other from before and they won’t take advantage of us. I’m quite sure of that. As mentioned, we have been in discussions for half a year now, and so far no costs have come up even though they have had plenty of work with us.

This is definitely a property developer. They also build apartment blocks and then sell the entire units. Since it’s in a rural area, there is also the option to buy just the house from them, and they handle all the contracting. In this case, the company manages everything in a combined way...