Woogl
2016-08-02 14:02:36
- #1
Hello dear forum,
I have been a silent reader in this forum for quite some time now, since we (my wife, child, and I) want to build a single-family house at the beginning of 2017. Thanks to this forum, there have already been tons of changes regarding the equipment and basic size. What I have taken away so far are the following points:
Now to my question:
Is it still possible at all for a normal family to manage a reasonably "normal" single-family house with 160 sqm, KfW 70, air-water heat pump and ventilation system with heat recovery?
In summary:
Single-family house in monolithic construction (brick or solid wood wall).
2 full floors
Gable roof
KFW 70
No basement
160 sqm
Air-water heat pump with ventilation system
Large window areas on the ground floor (of course not continuously, but a little more than a simple balcony door is allowed... I hope you know what I mean).
Normal window areas on the upper floor
500 - 600 sqm plot (without slope)
Garage in timber frame (with storage room)
Covered terrace
Two 15 sqm large children's rooms and a small guest / work room are planned.
Electricity is done by my best friend (master electrician). We get materials through equity.
No more electrical work except possibly painting is feasible or sensible (if you are not top skilled in handiwork and the construction phase should not turn into a divorce phase).
The plot is located in Upper Bavaria (on the border to Lower Bavaria and thankfully far enough from Munich. Munich prices are increasingly pushing into the surrounding areas). The price per sqm is between 230 and 250 euros (fully developed, price not yet final).
And now about our financial situation:
I (civil servant / 32) earn 3365 euros (without Christmas bonus etc.).
My wife (employee / 32) earns 1435 in part-time (26h per week), without bonuses etc.
4800 family income
We have no ongoing loans
Equity in the worst case is 100,000 and in the best case 150,000
Our warm rent is currently 800 euros.
I can currently save at least 1000 euros per month (it can also be more, depending on what expenses our daughter produces)
Apart from the high equity, I find our income situation quite average (if you sometimes hear the wages and salaries of other building families in the forum).
Now to my question. Will we manage it or are we overextending ourselves? I don’t need a palace to show off. I also don’t want my single-family house to control me and make me invest every free minute and cent in it. Purely from gut feeling, I think it would be doable. But the rising costs, as well as some construction cost threads with insanely expensive excavation costs etc., honestly scare me quite a bit.
I have been a silent reader in this forum for quite some time now, since we (my wife, child, and I) want to build a single-family house at the beginning of 2017. Thanks to this forum, there have already been tons of changes regarding the equipment and basic size. What I have taken away so far are the following points:
[*]Build according to needs: 150 - 165 sqm are sufficient for a family of four. Nobody needs the big 250 sqm houses from the 80s anymore. A plot of 500 to 600 sqm is completely enough. More only creates work and costs money.
[*]Location, location, location: The location of the new single-family house is very important in terms of value retention and a possible later sale. That means a city or town with appropriate infrastructure, shopping facilities, and development potential is preferable to a larger plot in the countryside.
[*]Look at show home parks soberly: We have already visited many show home parks. Unfortunately, these parks make you want more. Huge window areas, recesses and projections, open galleries, 200 sqm, conservatories and so on. From what I have read in Bauexperte’s posts, these are all things that cost a huge amount of money. Therefore, a covered recess, balcony, gable or dormer, basement and masonry garage have been canceled. That means a simple building body with a timber frame garage and a small storage room remains. However, I do not want to completely do without the large window areas.
[*]First settle into life, live within the money you have and then think about financing a single-family house. We have stuck to that. Both of us are established in our jobs and have proven ourselves. A child is almost 2 years old and my wife’s parental leave or part-time work does not cause any financial surprises anymore. Everyday life with two jobs and childcare works. We drive two paid-off cars and can still go on vacation.
Now to my question:
Is it still possible at all for a normal family to manage a reasonably "normal" single-family house with 160 sqm, KfW 70, air-water heat pump and ventilation system with heat recovery?
In summary:
Single-family house in monolithic construction (brick or solid wood wall).
2 full floors
Gable roof
KFW 70
No basement
160 sqm
Air-water heat pump with ventilation system
Large window areas on the ground floor (of course not continuously, but a little more than a simple balcony door is allowed... I hope you know what I mean).
Normal window areas on the upper floor
500 - 600 sqm plot (without slope)
Garage in timber frame (with storage room)
Covered terrace
Two 15 sqm large children's rooms and a small guest / work room are planned.
Electricity is done by my best friend (master electrician). We get materials through equity.
No more electrical work except possibly painting is feasible or sensible (if you are not top skilled in handiwork and the construction phase should not turn into a divorce phase).
The plot is located in Upper Bavaria (on the border to Lower Bavaria and thankfully far enough from Munich. Munich prices are increasingly pushing into the surrounding areas). The price per sqm is between 230 and 250 euros (fully developed, price not yet final).
And now about our financial situation:
I (civil servant / 32) earn 3365 euros (without Christmas bonus etc.).
My wife (employee / 32) earns 1435 in part-time (26h per week), without bonuses etc.
4800 family income
We have no ongoing loans
Equity in the worst case is 100,000 and in the best case 150,000
Our warm rent is currently 800 euros.
I can currently save at least 1000 euros per month (it can also be more, depending on what expenses our daughter produces)
Apart from the high equity, I find our income situation quite average (if you sometimes hear the wages and salaries of other building families in the forum).
Now to my question. Will we manage it or are we overextending ourselves? I don’t need a palace to show off. I also don’t want my single-family house to control me and make me invest every free minute and cent in it. Purely from gut feeling, I think it would be doable. But the rising costs, as well as some construction cost threads with insanely expensive excavation costs etc., honestly scare me quite a bit.