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
DaSch17 schrieb:
Ah, okay. I was missing the information about the plot width. But even then, in my opinion, it’s even less clear why a corridor of 2.66 m (8 ft 9 in) is allocated on a width of 13.50 m (44 ft 3 in).
Where is southwest on your plan? What is the purpose of the upper/lower wall at the bottom left between the utility room + children’s room and the corridor? South is where the balcony, meaning the covered terrace, is. The entrance is on the north side.
There are three of us, not four. It is called the second children’s room because the general contractor doesn’t want to talk to the building authorities about commercial use if we name it office/guest room. Also, when we had friends with two children in our 70 sqm (750 sq ft) apartment, we missed having a second shower. So, the house will not have one either.
We will still consider the corridor being too large.
P
pagoni202028 Sep 2020 15:47Ybias78 schrieb:
And even when we had friends with two children staying in our 70sqm (750 sq ft) apartment, we missed having a second shower. So it won’t be included in the house either.Bob Dylan said, “The times are a-changin’”... Of course, it’s your house; I just want to share a thought because I found myself in the same situation with my first house and wished I had made a different choice 20 years later. Whether it’s resale value, a changing life situation, or something else, I think having a second shower in a home takes little space but can offer great benefits—or at least the option to add one later on. As you mentioned, you had 70sqm (750 sq ft) before and it worked, but now you’ve expanded to 140sqm (1,500 sq ft). Having either one bathroom or an extra shower is fine—both options are possible. However, if your (still young) child grows into a 2-meter (6 ft 7 in) tall person or a young adult, and you later have regular visitors of a similar age... well...
Just a quick note:
- If you reduce the hallway by one side panel, you gain significantly more space in the kitchen and can position the table closer to the kitchen area. This also frees up more room in the living area.
- The second child’s room used as an office wouldn’t really need a closet niche and would become much more compact. This impractical U/T-shaped wall can then be removed, allowing for a nicely placed wardrobe that’s not immediately visible.
What is the purpose of the wall outlined in red? It seems very inconvenient for the walking path around the corner. I would leave it out.
- If you reduce the hallway by one side panel, you gain significantly more space in the kitchen and can position the table closer to the kitchen area. This also frees up more room in the living area.
- The second child’s room used as an office wouldn’t really need a closet niche and would become much more compact. This impractical U/T-shaped wall can then be removed, allowing for a nicely placed wardrobe that’s not immediately visible.
What is the purpose of the wall outlined in red? It seems very inconvenient for the walking path around the corner. I would leave it out.
pagoni2020 schrieb:
Bob Dylan said, "The times are a-changin".....
Of course, it is your house, but I just want to point out that I made the same decision with my first house and wished I had corrected it 20 years later.
Whether it’s resale value, changing life circumstances, or whatever else, I think having a second shower in a home takes up little space but can offer great benefits – at least having the option to add it later.
As you wrote, you had 70 sqm (750 sq ft) and it was fine, but then you increased it to 140 sqm (1,500 sq ft). It’s fine to have one bathroom or an extra shower; both are possible, and there are many options.
However, if your (currently small) child grows into a 2-meter (6 ft 7 in) tall young adult or a young woman, and you also have frequent visitors of similar age...... hmm...... You are partly right. However, we decided to see what we miss in the apartment and then implement those features in the house. A second shower was never on the list.
DaSch17 schrieb:
Just a quick thought:
- If you reduce the hallway by one side panel, you’ll have significantly more space in the kitchen and be able to position the table closer to the kitchen area. This will also free up more room in the living area.
- The second bedroom used as an office wouldn’t really need a closet niche, making it much more compact. This impractical U/T-shaped wall can be removed, allowing for a nicely placed coat rack that isn’t immediately visible.
What is the purpose of the wall outlined in red? It seems very impractical for the walkway around the corner. I would leave it out. Similar topics