Assessment New Construction 2025/2026 - BW Rural Area

Unsorted thoughts: 1. The providers are not named. That makes it difficult for experts to assess what will likely be added on top. It is like this: With some providers, you can build cheaply if you don’t upgrade – but from the start, the standard is quite low. Other providers calculate themselves as cheap, but the nasty awakening comes with ancillary construction costs or other things. Other providers calculate quite accurately from the beginning and call out a higher amount right from the start. Here I don’t know what might be the case. 2. In the list, the following things caught my attention: - Earthworks can quickly become significantly more expensive. You don’t know beforehand (unless all facts are already known, which is rarely the case at the beginning of the project). I would estimate this higher from the start and be happy if it becomes cheaper. - I wouldn’t know that permits are included anywhere. We had to pay for the building permit. And I don’t know anyone who didn’t have to pay for it. They are not huge amounts, but well. I couldn’t find a soil survey. - Technically, the house seems to have unusual priorities. Fireplace yes, ventilation no? Insect screens for €10,000? - Surveyor costs can also become quickly more expensive. You just have to reposition a boundary stone once, and you have completely different values. Even without that, the combination of notary and surveyor will quickly become more expensive than assumed here. I assume that a good €50,000 (depending on the provider) will be added on top here – then the buffer would already be gone. (All these small items that are included here or estimated quite low add up.) 3. What really surprises me is the difference between the savings rate and equity. That makes me extremely suspicious. Actually (“actually” is the little brother of “yes, but”) the financial situation seems solid at first, and I basically consider the project feasible, provided the family planning goes as assumed. Although somewhat tight. (As others already wrote, I would rather plan and prioritize the house smaller here.) But: Unless all equity flowed into the land beforehand, the equity does not fit the savings rate for me. And I consider that a risk.

Well, the two of them will hardly live in an empty cardboard box and with 3,800/3,000 net income you don't really get started. Then buying 2 cars, possibly paying back student loans, buying furniture, a kitchen... what you need for the shared apartment...

Well, the two of them will hardly live in an empty cardboard box, and you don’t start out with a net income of 3,800/3,000. Then two cars bought, possibly student loans paid off, buying furniture, a kitchen... what you need for the shared apartment...

Well, but that is exactly part of the problem. Mobility costs don’t suddenly disappear just because you live in the house. Did the standard of living previously match the balance? Or is the balance being made to look better? Student loan paid off recently? Great, balance fits. Salary increases recently? Balance fits. Forgot cars? Regular (but not monthly) investments not included in expenses? That will be difficult. Here less than 1.5 years’ balance is to be contributed as equity. (Okay, 17.6 months…) So I wonder, how reliable are the numbers, or was something forgotten here? I don’t know. But for me, the central question here is whether it’s feasible. Because if the real balance in the last two years was rather half that, then I would recommend saving for half a year first and keeping a budget book.

Construction project financially realistic? We would like to pay a maximum of €2,400 per month in installments

We can look at the whole thing from a different angle.

Perspective (with 1 child) - for at least 3 years

[*]Total income: €6,000
[*]Total expenses: €3,500
[*]Balance: €2,500

Hoping that you have included the €500/month mobility costs for the savings installment of the new car, that you have already increased the housing and utility ancillary costs including property tax and building insurance, that the insurance costs for a family are accurate, and the pension insurance additionally secures both of you, then this calculation should be done:

Income €6,000
monthly possible installment €2,400 and equity €80,000
results in €560,000 according to two online calculators.

€560,000
- demolition costs €30,000
- ancillary construction costs €50,000
- minus inexpensive exterior facilities (including carport) €30,000
remain €450,000 (interest fixed for 10 years, term 33 years, repayment 1.5%, today)
For a standard house without frills, meaning no photovoltaics or fly screens, calculated solidly at €3,000/sqm, you can afford a 150 sqm house. Furniture and kitchen must now be saved for. Flooring costs in extras must also be saved for.
However, nothing must happen without a buffer during the house construction and in the coming years in general life.

I can't quite understand the statements that we are building an "excessive house" here.

[*]Garages? Double garage or garage + carport

Sorry, I built without a basement and without a garage or carport 5 years ago, that is not an excessive house. A double garage IS an excessive house and you have to be able to afford it. Regarding your buffer: You haven't even listed connection costs for the utilities, you only write "possibly included". But these are never included and always have to be paid separately. You also haven't accounted for the costs of permits. I think you should seriously consider what additional costs besides the pure construction costs will come your way. Your buffer is very optimistic and, in my opinion, will not be enough.

Why 3500 for notary and land register? The property is already owned.