Assessment of Financing New Construction 425k € / Overall Financial Situation

There were no problems with the excavation in this regard at the neighbors in the new development area; it could be reused for backfilling. So it should work for us too.

A residential basement was originally not planned, no. There was once an office planned in the basement, but that is now canceled and moves to the upper floor (one of the children's rooms will be used for this for the time being). The entire floor plan will be reduced so that downstairs only the double garage, the technical room, and a small utility room remain. Of course, you could build only basement rooms (what would you even do with so much basement space) and do without a garage in the basement. Then to put a garage or a carport on the property... well, I don't know. I can't quite imagine that this would really result in a significant saving.

Me again :) Even at the risk of talking to myself, I want to give a short update from time to time, I think that’s okay.

The architect has now created a cost-optimized design for us that fully meets our expectations. He really put a lot of effort into it and we like it a lot in this form, almost even more than the original. Everything is a bit more compact but still nice, as we think. The living area was reduced by about 15 sqm to 145 sqm and various smaller cost drivers, such as corner windows, were removed. I would soon like to start a thread in the floor plan forum to get more suggestions.

At the end of the year, there will be the calculation and then we will see if it seems feasible for us. The new job is going very well and I think, in terms of salary, there will be a little boost in the foreseeable future.

We have also saved diligently and I think that by the start of construction, besides the paid plot, we will have set aside around €50k for kitchen, furniture and a small buffer.

Now it’s time to step on the gas and finish the further training. After that, we’ll see what comes next.

The architect has now created a cost-optimized design for us,

When will we get to see it here?

There will be the calculation at the end of the year and then we'll see,

By the time the numbers are available, the prices will no longer be current… You must not rush anything in construction, but there should be a bit of "momentum" behind it.

When will we get to see that here?

By the time the numbers are available, the prices are no longer current...

You must not rush anything in construction, but there should be a bit of "momentum" behind it.

The draft will follow exactly when I have the time and the desire to create the thread for it in the floor plan forum. :)

Hmm? Of course the numbers are no longer current. That's exactly why we're waiting with the calculation, so that we have the most current numbers possible at the beginning of the year.

And that we will only start during the next year was clear from the outset. Everything is on schedule time-wise... So please... ;-)

Please don't forget to also plan in the building application time. For us, it's 9.5 months until the building permit is granted + about 2-3 weeks for approvals for the construction road (putting up signs, use of the country road, etc.). We committed to the builder in June or July 2020 and started the earthworks at the end of November. You must not underestimate the time. We also expected 3-4 months less.

Please don't forget to also plan in the building application time. For us, 9.5 months until building permit approval + about 2-3 weeks for approvals for the construction road (putting up signs, use of the country road, etc.). We committed to the builder in June or July 2020 and started the earthworks at the end of November. You must not underestimate the time. We also expected 3-4 months less.

Hi Tom, thanks for the hint. For us, building applications are usually approved within 6 weeks. My girlfriend works at the municipality and has already inquired accordingly :-)