Hello everyone,
It’s been a while, and fortunately, I’ve learned a lot since then, also thanks to many justified skeptical opinions.
Since we didn’t get the plot last year, our application for a new 555 m² (approximately 6,000 sq ft) plot under the local resident allocation model is currently with our local market. The decision on whether we will be allocated one this time will be made in September, but things look promising!
As land prices here have increased by more than €50 per m² (approximately $5 per sq ft) since last year, our budget has naturally been expanded. Our current target and maximum spending limit is €400,000 (including equity), preferably less, but that’s where we stand at the moment.
A basement is not feasible from a cost perspective, so we have decided on a single-family house with around 140–160 m² (approximately 1,500–1,700 sq ft) and a double garage with an adjoining annex at the back for garden furniture and such. Of course, it’s possible the double garage will become a single garage with a carport, but that will become clearer during detailed planning as we look for some savings to invest money better elsewhere.
Currently, we are considering between Danwood (a prefabricated house KfW70 standard) — with which two of our friends have had good experiences — and an Austrian Passive House with even greater energy efficiency due to new and special insulation.
Here is roughly my cost breakdown, now much more realistic than it was a year ago. Maybe some of you might find something that stands out.
Land: €122,100
Notary: €2,500
Property transfer tax: €1,500
Water connection: €500
Water meter connection/end device: €702
Electricity: €1,500
Telecom: €500
Multi-utility connection: €1,500
Building survey: €2,000
Building permit/planning permission application: €4,000
Grounding/earthing: €1,000
Official fees: €1,000
Multi-utility connection: €1,000
Construction electricity / water: €500
Site toilet: €250
Debris container: €900
Earthworks: €8,000
Double garage with side room and foundation slab: €20,000
Landscaping / exterior work: €8,000
Prefabricated house Danwood: €205,000 after material selection, including foundation slab
Best regards,
Dirk
It’s been a while, and fortunately, I’ve learned a lot since then, also thanks to many justified skeptical opinions.
Since we didn’t get the plot last year, our application for a new 555 m² (approximately 6,000 sq ft) plot under the local resident allocation model is currently with our local market. The decision on whether we will be allocated one this time will be made in September, but things look promising!
As land prices here have increased by more than €50 per m² (approximately $5 per sq ft) since last year, our budget has naturally been expanded. Our current target and maximum spending limit is €400,000 (including equity), preferably less, but that’s where we stand at the moment.
A basement is not feasible from a cost perspective, so we have decided on a single-family house with around 140–160 m² (approximately 1,500–1,700 sq ft) and a double garage with an adjoining annex at the back for garden furniture and such. Of course, it’s possible the double garage will become a single garage with a carport, but that will become clearer during detailed planning as we look for some savings to invest money better elsewhere.
Currently, we are considering between Danwood (a prefabricated house KfW70 standard) — with which two of our friends have had good experiences — and an Austrian Passive House with even greater energy efficiency due to new and special insulation.
Here is roughly my cost breakdown, now much more realistic than it was a year ago. Maybe some of you might find something that stands out.
Land: €122,100
Notary: €2,500
Property transfer tax: €1,500
Water connection: €500
Water meter connection/end device: €702
Electricity: €1,500
Telecom: €500
Multi-utility connection: €1,500
Building survey: €2,000
Building permit/planning permission application: €4,000
Grounding/earthing: €1,000
Official fees: €1,000
Multi-utility connection: €1,000
Construction electricity / water: €500
Site toilet: €250
Debris container: €900
Earthworks: €8,000
Double garage with side room and foundation slab: €20,000
Landscaping / exterior work: €8,000
Prefabricated house Danwood: €205,000 after material selection, including foundation slab
Best regards,
Dirk
DDre schrieb:
Land plot 122,100.00 €
Notary 2,500 €
Property transfer tax 1,500 €
Water connection 500 €
Connection of water meter end device 702 €
Electricity 1,500 €
Telecom 500 €
Additional services 1,500 €
Building survey 2,000 €
Building permit / planning permission 4,000 €
Grounding 1,000 €
Official fees 1,000 €
Additional services 1,000 €
Temporary construction power / water 500 €
Construction toilet 250 €
Debris container 900 €
Earthworks 8,000 €
Double garage with utility room and slab 20,000 €
Outdoor facilities 8,000 €
Prefabricated house Danwood 205,000 € after customization including slabElectricity is probably meant to cost 1,500 €?
Still, I find the utility costs somewhat low. How will you be heating? Gas heating?
Temporary construction power and water might be accurate regarding consumption, but the connection of the temporary power box and the rental fees also add costs. I would budget at least 1,200 € for both.
Where will the rainwater be directed? Do you need a cistern for that? That will bring additional costs!
Soil investigation? The house builder is usually out of warranty if the soil conditions make the structural engineering or slab insufficient.
For Danwood there is also the meter cabinet that you have to provide on site. No idea what that costs, maybe around 2,000 € including installation?
You have the slab... what exactly is included in your customization?
Consider that laminate flooring might not be what you really want. The same goes for the tiles.
The electrical installations are at the lower standard; you could add several more outlets throughout the house—trust me.
... Satellite dish with several outputs? LAN cables? ...
The standard staircase is built from pine: pine is a very soft wood, so if children live in the house or if the vacuum cleaner slips, the steps will soon show big dents.
Sanitary fixtures? Are you okay with those?
What about the external base / perimeter foundation? Is it up to you to finish that?
You will also need a kitchen...
Would you like to share what exactly you included in your customizations? It seems you already had a discussion moving towards pricing?!
Regards, Yvonne
ypg schrieb:
The electricity is surely going to cost around 1,500 € (about $1,600), right? Still, I find the utility costs a bit low. How are you planning to heat the house? Gas heating?1,500 € (about $1,600) is based on the planning and several cost estimates I gathered!?
Heating will be with geothermal energy, specifically with ground collectors, which friends in a nearby development have had good experiences with.
Regarding the rainwater system and the cistern, I have to wait. It is currently being discussed in the municipal council because of groundwater issues. I hope to learn more about this soon.
The soil and ground investigation is included in the market price since the ground had to be dug up recently anyway because Celtic graves were suspected, which fortunately turned out negative.
The prefabricated house price I mentioned includes high-end selections. Our consultant showed us the same house another client ordered along with their selections, which were sometimes quite extravagant but in a positive way.
The basic house price is 157,000 € (about $170,000). As you can see, there is enough budget buffer for upgrades and selections. On average, most buyers add 30,000 to 40,000 € (about $32,000 to $43,000) in upgrades for prefab houses; some don’t upgrade at all. Our selections also include increasing the knee wall height to 1.70 m (5 ft 7 in), hardwood floors, and more.
In addition, we decided to build our 9.00 x 6.00 m (30 x 20 ft) garage ourselves. My father-in-law has good experience with this, and we will likely include a solar power system, which makes a lot of sense given our heating method.
We will also do the exterior plinth work ourselves, as well as the terrace, garden, paving, and, as mentioned, the garage. We plan to exclude the standard sanitary fixtures and buy higher-quality ones ourselves.
As hard as it is to admit, I inherited 40,000 € (about $43,000) last week, which will now go into the house. This means the kitchen, new furniture, notary fees, and additional budget buffers are no longer a problem.
Currently, I have a construction loan for 15 years with 1.6% interest for 333,000 € (about $360,000). In addition, there is my KfW 70 loan for 50,000 € (about $54,000) and my 40,000 € (about $43,000) own funds, so everything should be fine.
These are the updates we have so far. We will get a plot in the local building project as described earlier, but which one exactly is still unclear since the decision was postponed until early October.
After that, we can start customizing the house to our preferences, and I can provide more details about what will be included. Maybe you will also have some tips on what else would be sensible.
Best regards,
Dirk
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Hello Dirk,
I have removed the link; please keep in mind the forum rules!
Thanks and best regards,
Building Expert
Hello Dirk, we are also currently in the decision-making phase, and when I read your prices, I think I must have made a mistake. You are getting a house with 140-150 m² (1500-1615 sq ft) including the foundation slab, floor coverings, and wallpapering, basically move-in ready, for 205,000 € ??? Either the standard at Danwood is completely different, or something is off. We are easily about 20% above that, with the only extras being a wood stove and an air-to-water heat pump because ground drilling is not possible.
W
Watcher7821 Sep 2015 11:32Construction loan currently over 15 years with a 1.6% interest rate for €333,000? I’m curious about which bank this is through?
b54 schrieb:
Hello Dirk, we are also currently in the planning phase, and after reading your prices, I must have done something wrong. You’re getting a house with 140-150 m² (1500-1600 sq ft), including the foundation slab, floor coverings, and wallpapering, basically move-in ready, for €205,000? Either Danwood’s quality standard is completely different, or something doesn’t add up. We are easily about 20% above that, with the only luxury being a wood stove and an air-to-water heat pump because ground drilling isn’t possible.It depends on which company you are building with. We first looked at Weberhaus and ELK but ultimately ended up with Danwood due to a recommendation from someone we know. We also gathered information from other homeowners there, and all of them are quite satisfied.
There is no use of inferior materials here; you can verify everything online.
What I still need to clarify is that the foundation slab is not included in the house cost.
Currently, my planning looks like this:
About €205,000 for the 157A model, including the kitchen but without new furniture
About €122,000 for the plot of land
About €8,000 for exterior landscaping
About €20,000 for the garage
-> This will need recalculating due to DIY construction, so should be cheaper
About €40,000 for additional construction costs including the foundation slab
That makes roughly €395,000 with an available budget of about €425,000.
There is a buffer available, and nothing should stand in the way of installing the solar system.
I can give more precise details once we have completed the final selections, which I can only do once our local market picks up.
Watcher78 schrieb:
Mortgage currently set for 15 years with 1.6% interest on €333,000? Which bank is that with? I’m curious. Ing-Diba – full financing, meaning my new €40k is not yet included.
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