Complete house purchase for the small budget

Hey,

thank you very much. This gives me an insight into the matter.

So, as far as the plot is concerned, I have made a bit of progress by now. The plot costs €54,800, developed. Then there are 6% property transfer tax + 1.5% notary fees. So approximately €60,000 adds up. If I subtract the €60,000 from my desired €300,000 budget and the incidental building costs of €40,000 (no hillside location, so it might even be cheaper), €200,000 remain.

By the way, I can do the paving myself; I only need the materials there. We can also manage the plastering and painting as well as the floor coverings ourselves. Theoretically, we could also do the electrical work ourselves, but I leave that out; that is unrealistic.

Danwood offers houses without a foundation slab and without architectural services or transport.

150k house, 10k architect, 10k delivery, 20k foundation slab, 5-10k electrical. I should be able to manage with €200k. Without garage, without carport, without outdoor facilities. That is probably the sticking point. Am I seeing that correctly?

So I am a little further along now regarding the plot. The plot costs €54,800, developed. Plus 6% real estate transfer tax + 1.5% notary fees.

- Commission? - Fees: - Waiver of the municipality’s pre-emptive right - Registration of the conveyance - Deletion of the conveyance - Land register entry - Registration of the land charge - Assignment of a house number by the municipality - ...

"Developed," have you already asked whether any additional costs have to be paid to the seller here? (such things often only come up later), tax/notary costs will increase accordingly.

Does "developed" mean that only the lines are at the boundary or have any inspection chambers possibly required by the suppliers/disposal been installed? Supplier information and connection permits still cost a bit, but should be included in incidental construction costs, as well as the initial connection fees, which often amount to four digits per supplier/disposal. This is often forgotten when buying a "fully developed" plot.

Therefore, the €40,000 incidental construction costs are not excessively generous, but it has to be calculated individually, depending on what the house builder has already included. Insurance, construction site equipment, construction electricity/construction water, surveying, batter boards.

Wait for the soil report, unfavorable soil/water veins can increase foundation costs into the high five digits (worst case).

I should manage with 200k. Without garage, without carport, without exterior facilities. That’s probably the sticking point. Do I see that correctly?

Buffer for... the list would now be endless, but if everything including a small upgrade reserve is to be included... 10% of the project volume, few manage less than that. So in your case €30,000 for the bare minimum of equipment to get the house ready to move in.

So far my experience as of now with us: plot purchase done, house planned and building notification submitted, start in spring... who knows what else is still missing in our calculation...

So, as far as the plot is concerned, I’ve made some progress. The plot costs €54,800, developed. Add 6% property transfer tax + 1.5% notary fees. So roughly €60,000. If I subtract the €60,000 from my desired €300,000 budget and the incidental building costs of €40,000 (no slope, so it should possibly be even cheaper), €200,000 remain.

By the way, I can do the paving myself; I only need the materials. We can also handle plastering and painting as well as flooring ourselves. Theoretically, we could even do the electrical work ourselves, but I’m leaving that out, that’s unrealistic.

Danwood offers houses without a foundation slab and without architectural services or transport.

€150k house, €10k architect, €10k delivery, €20k foundation slab, €5-10k electrical. I should be able to manage with €200k. Without garage, without carport, without outdoor facilities. That’s probably the sticking point. Am I correct?

And what will then pay for:

-flooring, adhesive, skirting boards
-plaster, filler, paints and wallpapers
-bathroom furniture
-other furniture
-kitchen
-lamps
-required tools
-etc.

The Muster list is also completely missing, alongside a whole lot of other things. At some point, you have to admit that this amount is actually not enough!

I am buying the interior fittings from equity. I can hardly assess the [Aufmusterung]. However, my demands are probably not the same as those of some others here. If I really go through with the undertaking, I will gladly let you be part of it.