Construction costs and financing for apartment or house

What do you think about the house construction costs? Are 350,000 including basement realistically estimated? Apart from the local developers, where and with which construction companies should one get information? We looked at prefabricated houses in Poing, there they calculate with about 1,500-2,000 per sqm from the floor slab plus basement.

You are still quite at the beginning. You will also see how the spiral turns. My forecast, for the house alone there will be a "5" at the front.

So for 140m², you should be able to manage under 300k even with good quality, plus 60k for the basement and another 50k for ancillary building costs, which would be roughly 400k€ excluding furniture and fittings. That should be doable... I would really like to see one or two houses from the members here. When I read some of the prices, they must be true luxury temples.

Garage, KfW, possibly higher foundation costs, and so on...

As I said, this is just my experience and forecast. They probably won't start until 2017, so you can easily plan for a 5% buffer and surcharge. Demand will remain high and prices will continue to rise.

This has nothing to do with luxury temples. Neither pool nor other frills.

Keyword: burn-out, depression etc. ..in my opinion the biggest risk in my field..the BU is indeed suitable for that.

Everyone has to decide that for themselves. I don’t see it as necessary to insure this. Several people in my circle have had burn out. But that’s not a permanent condition. After 6 months the people are back again. The BU doesn’t pay out at all, a daily sickness allowance would be the right thing for that. I also skipped that during my self-employment (I was considering it at first) and instead built up a cash reserve – like you. Depression is also a tricky thing. The insurance will drag you through all instances before a single euro is paid out, because such illnesses simply aren’t visible. Then, promptly after 6 months, you get your happy pills and suddenly on paper you are fit for work again!

These are risks I address not with insurances, but with prevention. If I work too much, change in character etc., my wife tells me. Pull the emergency brake before it’s too late. Social network instead of insurance contracts.

I support Dirk’s idea that you don’t have to pay off the house at all. If people see home ownership as the ideal (or idealized) form of provision, even see it as a life goal, there’s no point in starting there. That’s simply a different mentality. Use it, yes, own it – why? Especially since in terms of returns, the calculation usually goes against ownership.

Thank you Peanuts, that’s also how I think, although I do not rule out that I may be wrong due to lack of experience. As a layman, I only imagine a few key points:

[*]36cm Poroton bricks [*]Basement with a hobby/guest room, vinyl floors, the rest only storage options, no living space [*]Ground floor with small bathroom including small shower [*]Ground floor living room with dining area, kitchen with pantry, floors oak boards [*]Ground floor hallway tiled [*]Upper floor bedroom and two children’s rooms [*]Upper floor large bathroom with walk-in shower, bathtub, two sinks [*]Attic initially not developed [*]The garage must fit a camper van, otherwise maybe an electrical connection for later [*]Carport might also be possible [*]What is included in the additional construction costs for 50K?

I calculate the kitchen separately with about 15-20K

Garage, KfW, possibly higher foundation costs, etc. etc...

As I said, this is just my experience and forecast. Construction will probably only start in 2017, so you can easily plan a 5% buffer and surcharge. Demand will remain high and prices will continue to rise.

This has nothing to do with luxury temples. Neither pool nor other frills.

If it is not possible to build a house (just a house) for 400,000, then you wouldn't have to start anywhere else under half a million...