Construction costs are currently skyrocketing

  • Erstellt am 2021-04-23 10:46:58

KarstenausNRW

2023-07-20 11:13:21
  • #1

You can't just do that theoretically, but practically as well.

However, there is one single, not to be underestimated problem. MONEY.
Either you finance it, then the bank is breathing down your neck - both because progress is slow and because the commitment interest weighs on your mind. And if you have financed, then you don't need to stretch out the time. The bank will not only advance the financing. They will want the entire construction project covered.
Or you must/can't finance, then you have to keep saving money (for that, you need a decent income) to continue building. That makes no sense either, especially if you need new craftsmen each time for small tasks.

The procedure you described is typical for self-builders who only ever save up for new material and then spend a week of vacation/overtime to continue building. In that case, the house construction is legal and cost-effective, planned over several years.
 

HeimatBauer

2023-07-20 12:39:30
  • #2
The problem is called opportunity cost. Of course, you can spend the money on the land and then build on it for years. But during that time, you cannot live in it, so you have to keep paying rent in the meantime. If you don’t do the model I’ve already suggested (and which was loudly mocked here) of "moving in and renovating from the inside," then it quickly becomes much more expensive than "finishing - moving in - living there and not paying rent anymore."
 

sergutsh

2023-07-20 13:27:38
  • #3
Theoretically, one can (proven) work one day per year on the construction site. You might not be finished in three years, but the building permit can be extended beyond the three years.
 

KarstenausNRW

2023-07-20 13:45:12
  • #4

No. That’s not possible. With your phased construction (for example, first the ground floor, then half a year later the upper floor, etc.), you must prove a serious intention to complete the construction. You will not succeed with one day of work per year. Nice idea, but unfortunately not feasible.

This has already been legally confirmed – even though there are only a few rulings on the matter. In particular, self-builders who build over years – but with an ever-increasing state of construction – have no problems with the requirements.
 

HeimatBauer

2023-07-20 13:58:00
  • #5
Monetarily, it only makes sense if you price your own work at zero euros AND can live somewhere for free during that time AND the temporary accommodation would otherwise not be rentable AND you don’t derive more benefit from the temporary accommodation than from the built house.

Please don’t misunderstand, I find such DIY approaches extremely exciting and commendable and all that. But you have to be aware that every day between purchasing the plot and moving in also costs money. This is not so directly obvious but that is why opportunity costs are also called sacrifice costs, alternative costs, or shadow price.
 

Tolentino

2023-07-20 14:40:34
  • #6
Maybe in the container/caravan on the property? With an official registered address at the parents' or a good friend's... Although, in the end, you feel so comfortable with it that you don’t want to change your living situation at all...
 

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