ᐅ We are planning to build in 2022; the planning phase is beginning.
Created on: 6 Jun 2020 09:33
Y
Ybias78
Before I share the completed data, here are some details about our building project. We are still quite early in the process. About 2.5 years ago, we purchased a plot of land that we are currently paying off. The plot is located within the developed area of Fichtenwalde (about 50km (31 miles) south of Berlin) and is currently classified as forest. There are about 80 trees on the land. Converting it into a building plot is not a problem. However, there is a tree protection regulation, which means all trees must be replaced. The cost of felling the trees, including replanting and a financial deposit (in case the replacement trees do not survive), is around €20,000 (based on feedback from our neighbors who built last year).
We plan to start building the house at the beginning of 2022 and want to consult an architect by August 2020 to design the house and submit the building permit / planning permission application. While the building application is being processed, the land can then be converted, including tree removal. This will be paid for with the money we save from now until the new build. We don’t have any other equity. We moved in together around 10 years ago, during which time we had to pay off my student loans, buy two cars, etc. Our income has also increased over time.
We now need some help with the overall planning. As mentioned, our current plan is:
Here is the plot:
Information about us:
General information about you:
Expenses already included elsewhere can be omitted. This list is not exhaustive and can be extended or summarized. Please specify all costs monthly, even if they only occur annually!
Housing costs:
Other expenses:
General information about the property:
We plan to start building the house at the beginning of 2022 and want to consult an architect by August 2020 to design the house and submit the building permit / planning permission application. While the building application is being processed, the land can then be converted, including tree removal. This will be paid for with the money we save from now until the new build. We don’t have any other equity. We moved in together around 10 years ago, during which time we had to pay off my student loans, buy two cars, etc. Our income has also increased over time.
We now need some help with the overall planning. As mentioned, our current plan is:
- Consult an architect and plan the house by August.
- Submit the building permit / planning permission application in October.
- Tree felling can take place by the end of February.
- In 2021, we will look for a (most likely) regional company to build the house (recommendations welcome).
- From June 2020 to December 2021, the saved money will be spent on:
- Architect fees, tree removal, paying off the land including a €2,750 special repayment. A new car for my wife (approx. €10,000) will also be purchased.
- Cheaper items should also be covered, such as surveying, soil report, etc.
Here is the plot:
Information about us:
General information about you:
- Who are you?
- A family of three.
- How old are you?
- She is 38, he is 41, daughter: 8.
- Do you have children?
- Yes, a girl.
- Are more children planned?
- No others planned.
- What do you do professionally?
- She is a full-time teacher. He is a controlling manager for several hospitals (full-time).
- Are you employed, self-employed, retired, homemaker, etc.?
- Both employed.
- How many hours do you work?
- She works full-time with 27 teaching hours plus preparation and follow-up time. He works 40 hours.
- What are your gross/net incomes?
- She: €2,820. He: €3,000 (tax class IV/IV). This includes about €400 in company pension contributions. Additionally, there are annual bonuses of about €3,000 (not included in net income).
- How much child benefit do you receive?
- €204.
- Other transfer payments like parental allowance, sick pay, etc.?
- None.
- How much equity do you have?
- Currently negligible (under €10,000).
- How much of that equity do you want to invest in the house project?
- All of it.
Expenses already included elsewhere can be omitted. This list is not exhaustive and can be extended or summarized. Please specify all costs monthly, even if they only occur annually!
Housing costs:
- Current basic rent (cold rent)
- €390
- Current total rent (warm rent)
- €567
- Electricity
- €72
- Gas
- None.
- Water, sewage, waste disposal, street cleaning
- Included in additional costs.
- Telephone, internet, mobile phone
- €85 (including Amazon Prime and Netflix)
- Public transport monthly pass (also for children)
- None.
- Car loan (or savings rate for a new car)
- Currently none.
- Insurance
- €100 per month (one fully comprehensive, one partially comprehensive).
- Taxes
- €34
- Fuel
- €200
- Repairs
- €140
- Other
- Is there a second car, motorcycle, scooter? Please specify all costs again!
- Private health insurance (also supplementary health insurance, daily sickness allowance, etc.)
- Dental supplementary insurance: €37
- Liability insurance (including pets)
- €7
- Capital or term life insurance
- None
- Pension insurance (including company pension plans)
- Company pension contributions (already included in net income).
- Disability insurance
- None
- Accident insurance
- None
- Household contents insurance
- €7
- Legal expenses insurance
- €20
- Other insurance (e.g., travel insurance, funeral insurance)
- Groceries
- Difficult to plan.
- Dining out
- Personal care/drugstore
- Pets (food, vet, medication, housing)
- Medication
- Clothing
- Furniture
- Childcare/school fees (including meals)
- After-school care €190 including meals
- Tutoring
- School supplies and books
- Club fees/gym
- Student association: €20
- Gym: €25
- Daughter’s music school: €66
- Babysitter
- Toys
- Cleaning
- TV/video/audio/CDs/DVDs
- Tickets (sports, cinema, concerts, etc.)
- Donations
- Student association: €15
- Other
- Vacation
- House
- Retirement
- Hobbies/gifts
- Other
- Total: €2,250
Other expenses:
- Alimony?
- Loans?
- €250 for the land.
- Other?
- Anything forgotten? Please add here!
- Total income: €6,024
- Total expenses: €3,769
- Balance: €2,255 (saved).
- Including cold rent and optional savings (e.g., savings rate for the house).
General information about the property:
- How large is the plot?
- 1,447 sqm (15,575 sq ft)
- What are its dimensions?
- 20 m (66 ft) road frontage x 72 m (236 ft)
- What is the land value?
- €120 per sqm
- New build, renovation / year built, house type?
- New build – L-shaped bungalow (we are still very early in planning)
- Garages?
- Depends on the budget.
- How big should the house be? (living area / usable area)
- About 140 sqm (1,507 sq ft)
- What is the market value of the land and house after completion?
- Land approx. €200,000 + house €350,000 = €550,000
- Land cost:
- Current outstanding debt €42,000
- Development costs
- Plot is fully developed.
- Acquisition incidental costs (notary, court, property transfer tax, realtor)
- Building or purchase costs (including architect, structural engineer):
- €300,000 budgeted.
- Renovation or restoration costs
- Additional building costs (e.g., utility connections, soil expert, construction electricity, etc.)
- Planned: €50,000
- Outdoor facilities/terrace, paths, landscaping, fences, etc.
- Depends on the total costs.
- Financing costs (fees or commitment interest)
- Total costs
- Remaining debt on the land + new build: Planned financing amount: €400,000
- Kitchen costs
- €10,000
- Furniture, lamps, decoration
- Mostly furniture will be kept and replaced gradually.
- Other "non-acquisition, incidental acquisition, construction, or additional building costs"
- Total costs:
- €400,000
- Deductible equity
- €0 (will be used for clearing the plot; €25,000).
- Financing amount
- €400,000
Ybias78 schrieb:
10 cm (4 inches) spacing for installation
25 cm (10 inches) waterproof concrete for the bungalow
Interior thermography
was not included as a standard by any of the other general contractors. We spoke with a total of 10 general contractors. - In my opinion, 10 cm (4 inches) average spacing and a 35°C (95°F) supply temperature do not match well.
- Interior thermography sounds impressive, but what practical benefits does it offer? The blower door test must be passed. If thermal bridges are still present, there must have been poor workmanship during construction.
- Waterproof concrete—no idea. We are getting a “standard” waterproof basement. What are the others building their basements with? Probably not rammed earth either? From the new development areas I’m familiar with, I have never heard of water penetrating through the slab. If it happens, it’s due to poorly executed transitions or inadequate waterproofing. I wouldn’t put too much emphasis on the slab itself.
OWLer schrieb:
- In my opinion, 10 cm (4 inches) average thickness and 35°C (95°F) supply temperature do not match.
- Interior thermography sounds great, but what practical benefit does it really provide? The blower door test must be passed. If thermal bridges are still present, the construction must have been done carelessly.
- Waterproof concrete – no idea, we are usually provided with a waterproof basement. What materials do others use for the basement? Probably not rammed earth either. In the new developments I know, I have never heard of water penetrating through the slab. If it occurs, it’s due to poorly executed joints or insufficient sealing. I wouldn’t assign too much importance to the slab itself.
I assume that in this forum, no matter what offer you post, it will be criticized. You cannot please everyone. The most important thing is that we are satisfied and feel good about it.
Ybias78 schrieb:
I simply assume that no matter what offer you post in this forum, it will be picked apart. You can’t please everyone. The most important thing is that we are satisfied and feel confident.You just want every little thing confirmed by the forum. You come across as anxious and nervous.
Ybias78 schrieb:
You can’t please everyone.That’s true anyway. Ybias78 schrieb:
The most important thing is that we are satisfied and have a good feeling.That’s correct, but having a good feeling should never replace careful thinking and attention. Often, general contractors (GCs) are either too lazy to describe things in detail or they simply don’t see the pitfalls in their wording. So, this doesn’t necessarily mean something bad, at least that’s my view as an optimist. Still, everything should be reviewed thoroughly and you should ask yourself what would still be contractually compliant in the worst-case scenario, and whether you could live with that.PyneBite schrieb:
You just want to have every little thing confirmed by the forum. You come across as anxious and nervous. PyneBite schrieb:
You just want to have every little thing confirmed by the forum. You come across as anxious and nervous. You are drawing conclusions about a person’s character based on forum posts? Congratulations, considering that for many people behavior on forums does not equal behavior in real life.
No, I am not anxious, rather risk-averse. I try to eliminate as many risks as possible right from the start or factor them into the budget. Because unlike some, I do not want to have to finance additional costs later. Our budget is not nearly maxed out, but that is also not the goal with building the house. We don’t want to change our lifestyle (consumption habits) with the house build either.
Everyone is entitled to their opinion.
When comparing the descriptions of construction services, I have clearly expressed my view on the mentioned points. I consider them to be minor.
What about the electrical plan, such as the number of sockets per room, network connections, lighting, outdoor outlets, underground cables, etc.?
What standards are applied for the plumbing, and have you seen them in real life? Has a comparison been made with the required specifications?
I would pay considerably more attention to these aspects than to the base slab made of waterproof concrete (WU concrete), or whether someone walks through the house with a thermal imaging camera during final inspection—usually there is little that can be done afterward anyway since the exterior plaster is already applied. For other general contractors, the base slab is also structurally sound, and moisture will not seep through the floor into the house.
Note: I would not accept a supply temperature of 35°C (95°F). Ask for 30°C (86°F) instead!
When comparing the descriptions of construction services, I have clearly expressed my view on the mentioned points. I consider them to be minor.
What about the electrical plan, such as the number of sockets per room, network connections, lighting, outdoor outlets, underground cables, etc.?
What standards are applied for the plumbing, and have you seen them in real life? Has a comparison been made with the required specifications?
I would pay considerably more attention to these aspects than to the base slab made of waterproof concrete (WU concrete), or whether someone walks through the house with a thermal imaging camera during final inspection—usually there is little that can be done afterward anyway since the exterior plaster is already applied. For other general contractors, the base slab is also structurally sound, and moisture will not seep through the floor into the house.
Note: I would not accept a supply temperature of 35°C (95°F). Ask for 30°C (86°F) instead!
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