400k house estimated - became a 470k house / an experience report

  • Erstellt am 2020-08-07 13:49:14

Ybias78

2020-08-08 09:16:24
  • #1
I am surprised by the mortgage loan. Here the OP talks about financing a kitchen and a car through a mortgage loan. According to other threads, this is hardly/ not possible at all.

The house was awarded as an architect's house with the awarding of trades. The question is whether the risk decreases if it is done through a general contractor?
 

RotorMotor

2020-08-08 09:22:15
  • #2
That is not correct. The OP talks about withholding some of the 90k equity for the kitchen and possibly the car.
 

Ybias78

2020-08-08 09:22:55
  • #3


Ok. Then I read it wrong. Sorry.
 

Bautitus

2020-08-08 12:42:33
  • #4
If Bill Gates were to build a house for only 1 million instead of 50 million, it would definitely be called modest. And even if he were to drive only a 5-series BMW for 120k instead of a Bugatti for 9 million.

Modesty is therefore certainly defined depending on what one could afford.
 

Nordlys

2020-08-09 22:02:03
  • #5
The setting and adherence to the budget is not about modesty. It is about planning and the repeatedly asked question starting with W., why is the extra needed, what is it good for, do I want or need it? An older couple will certainly not forgo one-meter-wide doors or a walk-in shower, but possibly will on tech gimmicks like voice control of lights or such. A builder on the coast, where even during the current heat period it is always below 30, neither needs air conditioning nor [Raffstores], but a builder in the Rheingau might. Why do I need colored windows? Why glazed roof tiles? Why expensive security doors in rural areas? Why must a courtyard driveway be paved? Wouldn't prettier [Rheinkiesel] work as well? Are there ventilation concepts that have been successful and could replace an expensive controlled residential ventilation system? Why must a floor tile be larger than 60•30? Does the walk-in shower need an expensive glass door, or could it work without one or even with a curtain? Why [kfw 55]? Does the [kfw] subsidy cover the additional costs? These are the questions every builder in commercial construction asks themselves and answers for themselves. Please act the same in private projects. The answer won’t always be the same, but quick decisions when listing options will be avoided, which later turn out to be expensive.
 

Lumpi_LE

2020-08-10 09:01:18
  • #6
Did I overlook it? How far along is the house construction?
 

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