Construction costs are currently skyrocketing

Why do you want to get out of the contract? Do you no longer want to build?

We still want to build and do not want to get out of the contract. However, I asked here because I have no experience with whether and to what extent construction companies are allowed to pass on the increased material costs, reportedly up to 30%, to the builders. Having to pay 100,000 euros more just like that exceeds our means and willingness. I just don't want anyone to suffer harm, neither the construction company nor us.

I’ve heard that too. Even sums around 50,000 EUR…

We would neither want the 25,000 euros nor the 50,000 euros, we want our house at a price we can afford.

Fingerhaus is supposed to pay its customers €30,000 for contract termination. I learned this from the local roofer and another source.

Maybe there will be information or statistics in the future about how many home builders agree to this. For those who, for whatever reasons, do not urgently need a house right away, this is probably a viable option. For my husband and me, this would not be an option; we are already too old to delay building the house any further.

30% more, as some media report, would be roughly exactly 100,000 euros for us.

So your house only costs 300,000€? But you already have a buffer for additional construction costs and anything else that might come up?

We still want to build and do not want to get out of the contract. I asked here because I have no experience whether and to what extent construction companies are allowed to pass on the increased material costs, allegedly up to 30%, to the clients. Having to pay 100,000 euros more just like that exceeds our possibilities and willingness. I simply don’t want anyone to come to harm, neither the construction company nor us.

With the planned 300,000€ for the house (right?), it seems to me that an additional six-figure sum will be added anyway. I hope all the ancillary costs, additional costs,... are at least planned for? Otherwise, I can’t imagine the cost increasing by 30%. Maybe 10% as a rough figure. However, even without the corona effect, most of our bills have already become that much more expensive.

We still want to build and do not want to get out of the contract. However, I asked here because I have no experience with whether and to what extent the construction companies are allowed to pass on the increased material costs, allegedly up to 30%, to the builders. Having to pay an extra 100,000 euros just like that exceeds our possibilities and willingness. I just don't want anyone to suffer, neither the construction company nor us.

Just because the material has partly increased by 30%, which is currently no longer as bad, it does not mean the whole house will immediately become 30% more expensive. There is still a large proportion of labor involved.

However, it is quite possible that a small regional home builder will build your house for your planned budget + the buyout sum at all and faster than a large national prefabricated house builder.