Construction costs and financing for apartment or house

Basically, I agree with you on all points. Especially the last paragraph could be written by me as well.

Regarding the insurance (of course, I also have a high disability daily allowance and an additional hospital daily allowance). I am aware that in case of emergency, the disability insurance will try to get out without paying. Then you need a good lawyer. At that point, I just "play it smart". Personally, the 500...600 EUR per month for disability and daily allowance insurance don't bother me.

I pray that I never need these insurances and that this money was "burned".

Then everything is fine

If you’ve come to terms with it, that’s okay. I gave it up because it’s really expensive and a different risk assessment. For that reason, for example, I voluntarily stayed in the statutory health insurance and paid stupidly for it. Over 700 euros per month. Out of conviction not to support the private health insurance system and because of the flexibility – keyword right of return. Now there are four of us and everything runs under family insurance – cool!

Thanks Peanuts, I think the same, although I don’t rule out that I am 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, in the rest only storage space, no living area
[*]Ground floor with small bathroom including small shower
[*]Ground floor living room with dining area, kitchen with storage room, floors oak planks
[*]Ground floor hallway tiled
[*]Upper floor bedroom and two children's rooms
[*]Upper floor large bathroom with walk-in shower, bathtub, two washbasins
[*]Attic initially not developed
[*]The garage must fit a camper van, otherwise maybe electricity connection for later
[*]Carport might also be possible
[*]What is included in the ancillary building costs for 50K?

I calculate the kitchen separately at about 15-20K

Cute.. You are still in the wish & dream phase. But that’s not bad at all... we were all like that in the beginning. Basement, oak plank floors, kitchen 15-20k, garage camper van and so on and so forth... you will never realize that with 350k. I now see a 5 in front. Earlier I was still at a 4. Besides, you can’t fit your room program into 140sqm.

At some point I had calculated 300k-400k all-in for a house (180sqm). Currently, I have no idea anymore. But it will definitely be 600k. And that without oak planks, large garage (not even a double garage), without basement, etc. Of course, I also have price drivers included (climate control, KNX, alarm, expensive kitchen, exterior, massive garage, insulated attic, expensive sanitary ware (Hoesch, Villeroy & Boch), fireplace (15k EUR!), lots of windows, somewhat special doors). Overall, all nice but no luxury. No expensive tiles or parquet. No expensive wooden windows or blinds.

You’ll manage it

So we had about 35,000 in incidental construction costs without the exterior facilities. A large part of that was earthworks (about half), house connections (electricity, water, telecom, possibly gas), insurances, barriers, surveyors, construction electricity, construction water, etc. But there is also a very detailed thread here about that. Although it was already 3 years ago for us, for our approximately 135m² plus basement (with about 33m² basement garage, technical room, storage room, and guest room) we paid about 250,000 if you include our [EL]. We heat with a heat pump, have controlled residential ventilation with heat recovery, electrical installations significantly above standard equipment (i.e. about 30 ceiling spots, partly dimmable and radio-controlled, about 50% more sockets, a total of 12 LAN and 8 TV connections, etc.), a main bathroom with double washbasin, walk-in shower with rain shower, tiles in 40 x 70 cm and borders alone costing over 1,000, and a smaller shower bathroom on the ground floor, but also with walk-in shower and "special," therefore expensive tiles. Everywhere Villeroy & Boch (Subway 2.0). Otherwise, the ground floor and basement are completely tiled (mostly about 50 €/m² tiles on the ground floor), laminate on the upper floor. All in all, I would call it a decent equipment, not luxury. That you should not be able to build a house with 150,000 more, I cannot believe, even 3 years later and in Munich.

So we had about 35,000 in incidental building costs without the outdoor facilities. A large part of that was earthworks (about half), house connections (electricity, water, telecom, possibly gas), insurance, barriers, surveyors, construction electricity, construction water, etc. But there is also a very detailed thread about this here. For us, it was already 3 years ago, but for our approx. 135m² plus basement (with about 33m² basement garage, technical room, storage room and guest room) we paid about 250,000 if you include our EL. We heat with a heat pump, have controlled residential ventilation with heat recovery, electrical installation well above standard (i.e. about 30 ceiling spots, partly dimmable and radio-controlled, about 50% more sockets, a total of 12 LAN and 8 TV connections, etc.), a main bathroom with double washbasin, walk-in shower with rain showerhead, tiles in 40 x 70cm and borders alone costing over 1,000.- and a smaller shower bathroom on the ground floor, also with walk-in shower and "special", therefore expensive tiles. Everywhere Villeroy & Boch (Subway 2.0). Otherwise, the ground floor and basement are completely tiled (on the ground floor mostly about 50.-€/m² tiles), laminate in the attic. All in all, I would call it a decent equipment, no luxury. But that you shouldn’t be able to build a house with 150,000 more, I can’t believe, even 3 years later and in Munich.

Of course you can build a house with 300k and surely less. A standard house. At Town & Country you will surely find something. Only whether someone with 7,500k net per month will build such a house is questionable. I’ll believe it only when I see it.

I'm also more on the Peanuts side. The house should be buildable for 350,000,-, however not KfW55, instead of a garage a carport and you won't have a luxury bathroom. We planned 300,000,- once, but by now we are at 365,000,- for 200 m² (184 m² according to the living space regulation) with garage, without basement, whereas the garage accounts for 40,000,-. So our cost per m² is a good 1,600,-, whereby we have quite high-quality equipment, but no KfW standard.

Did you build conventionally/solidly with a local developer?

Assuming we omit the basement and instead create more living space upstairs, i.e. instead of 140 sqm, 180 sqm. Is that the cheaper option?

Of course you can build a house with 300k and probably even less. A standard house. You will surely find something like that at Town & Country. Only whether someone with 7500k net per month will build such a house is questionable. I’ll believe it only when I see it.

It doesn't have to be from Town & Country, we planned ours ourselves and the general contractor then carried it out that way...