Construction costs are currently skyrocketing

2022-04-19 15:03:25

That is exactly the point for a family council. With parents, grandparents, and siblings around the table, laying everything open and finding a solution together, or also canceling. The statement, then we postpone the cruise, the motorhome, the new car and keep the money in reserve, can provide new security. Without everyone going into debt

Well-meaning and sensible advice. Unfortunately, it is of little use in our situation. I come from very simple circumstances, mother is a hairdresser, father was out for a long time due to illness, so he first has to catch up himself and build up savings for old age. My partner’s parents are also simple workers who first have to pay off their own place. As I said, every single cent saved and earned by ourselves. I also have friends in my circle who are simply going for it. Their dad is a lawyer or CEO. If it costs 50k € or more or it just takes 6 months longer, that’s not a big deal. That’s, of course, a different situation. Almost enviable. But I wish it for everyone.

To come back to your advice: The topic has already been openly discussed in our family. The general opinion is: cancel, look for a bigger rental apartment, be happy there, and in safer times, when the children are out of the worst, build or buy something.

2022-04-19 15:06:09

That was / is the plan here. At least a similar model.
However, if my roofer tells me he can’t promise to even deliver by the end of the year or my window installer tells me that there are currently price increases in the double-digit percentage range every two weeks, it still makes it “unpredictable.” The problem is simply that building a house takes several months, sometimes even years, depending on the case. During that time it can of course calm down again, albeit at a high level. Okay. But it can also get much worse and take on a new dynamic. Then maybe soon no one will build anything anymore. Or maybe they will. No idea. This uncertainty is really wearing one down mentally.

It’s just so bitter when you see that you have planned for months or years and really saved well.
Equity at a relatively young age, having saved every single cent yourself, being able to bring in around €125k, not having a top salary but a solid household income of €5k, and then at some point it still isn’t enough. A dream that you had also based your life plan on is slowly shattering. The emotional damage is clearly higher than the financial one.

Exactly that is simply our problem. And we just don’t know how to solve it. You have worked on your dream house for so long and now you are faced with a pile of broken pieces.

2022-04-19 15:10:47

Exactly that is simply our problem. And we just don't know how to solve it. You have been working on your dream house for so long now, and now you are faced with a pile of shards.

Sooner or later a decision has to be made ... The pressure to decide also adds to the situation.

2022-04-19 15:13:00

We are also building with a [GU]. Our fixed price period is ending soon. [GU] does not intend to start building before this period, and we might soon face a price increase. Not sure by how much. The uncertainty of the whole situation is more troubling. So many variables that only a little here and there changes the entire calculation.

Now, in addition to the price increase, there is also a material shortage. That means longer construction time. So, welcome the provision fee.

2022-04-19 15:18:33

Quote of those who say: "sure, from Kierkegaard" is probably around 2%. Quote of those who say: "yep, from the concentration camps" rather around 80%.

In my opinion, you even overestimate the first one. But also the second one in my opinion. If a study (Forsa 2012 on behalf of Stern) shows that 21% of all 18-31 year olds cannot correctly classify the term Auschwitz, then I think that significantly less than even 50% of those over 18 can fully correctly classify the disputed quote. I myself only learned about it since my history studies; it was not taught to me in detail at school. I do not want to say that the usage is okay. But you can simply point it out before assuming the worst right away. My origin and belonging was only meant to illustrate that I do not belong to a typical clientele that relativizes. And that it is so unknown, I also do not find okay or normal, which is why I am responding here again. In my opinion, it is our responsibility not to forget and also not to let forget. Even if we are no longer guilty. But with admonishing and explanatory words, one often achieves more than with a verbal cudgel.

2022-04-19 15:19:00

but is your financing secured? Maybe you should start your own thread for your project?

Similar topics
22.08.2014	Price increase of a home seller by 50 percent	13
27.03.2018	Urge to sign due to price increase normal?	50
19.11.2018	Fixed price commitment - price increase after expiration?	25
19.09.2021	Price increase - Our construction company wants 21.4% more	211
22.05.2022	Construction company price increase of 25% – Expired fixed price guarantee	58
18.10.2022	GU demands a price increase on the entire house	122

Construction costs are currently skyrocketing

HansDampf88

hang_häuschen

HansDampf88

Inder123

Tolentino

TmMike_2