Construction costs are currently skyrocketing

  • Erstellt am 2021-04-23 10:46:58

Buschreiter

2022-06-07 22:44:19
  • #1
We recently bought a house built in 1977. Not messed up, what was done was done by good craftsmen. We are currently bringing it up to a good standard in terms of insulation, electrics, plumbing, etc. Great location, great layout for my small family, nice neighbors whom we’ve known for a long time (have lived on this street for 20 years). One should be aware that material costs also play a decisive role in this. Doing electrical and plumbing work myself is too risky for me. Everything fits for us; new builds with similar parameters (120 sqm living space, 250 sqm plot, but no basement, no garage) have recently (February 2022) sold here for a crazy 850 K€. We are nowhere near that with our house, but it’s also not KFW-something, although also not a tin shack. Cost for new bathroom, new guest toilet 28 K€, drywall builder 5 K€, insulation between rafters in attic 5 K€, new electrics with network and plenty of sockets 16 K€, insulation in attic room 8 K€, replacement living room window unit 3 K€ (the rest is okay), electric shutters 6 K€. All in all, you end up with about 20% of the purchase price when renovating an older house, you have to know that. And you also have to make compromises sometimes, but it's no different with new builds.
 

TmMike_2

2022-06-07 22:49:10
  • #2
My neighbor built a bungalow in 2020 with EL 125 sqm for 200k. Just over 700 sqm of land and it’s only between about 70-90€/sqm, but you have to put that in relation. Including incidental building costs, land, etc.
 

Buschreiter

2022-06-07 22:54:36
  • #3

Alone in GruBo, the square meter price is around 1,000€/m2. Nothing can be done, it has to be paid. And the nice areas have long been built on. It’s then rather close to the motorway, tram, and other noise sources.
 

TmMike_2

2022-06-07 23:00:10
  • #4

Yes, Bavaria near Munich probably, there the land alone makes the difference. Salaries are correspondingly higher, if a streetcar worker here can pay off his single-family house mortgage with €650/month, that felt like luxury.
 

Buschreiter

2022-06-07 23:46:31
  • #5

The craftsmen's salaries are then correspondingly as well ;)
 

TmMike_2

2022-06-07 23:48:35
  • #6

But are the journeyman wages really that much higher after taxes? I really wonder about that.
Does a roofer or mason who tears down his house here for 650€ and gets 2.2k net really get 4k net in Bavaria to cover 1.8k per month for the property?
I applied directly in Munich right after my studies back then, and after the salary offer, I immediately declined again.
 
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