Häuslebau3r
2015-02-10 09:18:21
- #1
Good morning everyone,
since tomorrow is the next lecture about energy-efficient house building, we have spent the last two days further dealing with the topic. I have also reconsidered the basement topic carefully and read through the thread above. I would say that as civil servants and technicians we would have a good income if both worked full-time. Nevertheless, financing is usually calculated based on one income.
Listed again is the plan for the next years or how we have currently planned our financing.
Despite everything, it is still difficult for us to classify the financial aspect and say what one can afford and what one should afford. Maybe you can share something from your experiences here.
Financing based on one income (technician)
From this salary, the following deductions were made. I want to point out that deductions were always made generously.
After all deductions, approximately €750 remain to repay a loan. As mentioned, I think this is a very healthy calculation.
It is planned that after the start of house construction and the first child or second, my girlfriend (then wife) will go back to working part-time. Salary then about €1,000 net.
Currently, it is really hard for us to organize what one can and should afford with that. It is causing us some headaches since we haven't had this experience yet.
An acquaintance said that with €350,000 including land one should already expect a normal build here. However, this would exceed our initial limit of €250,000 planned loan. The aim is still to be finished in 25 years and to live normally on the side.
@ Musketier, thanks for the link!
The above-mentioned thing naturally also plays a role in the basement planning and/or whether it is included or not and makes up most of it.
For me, it is certain that a double garage must come or is definitely needed. A carport alone would not be sufficient for hobbies and other interests. From what I have found out so far, we have no problems with radon or water in the area. Thus, a black tank would actually be sufficient. Of course, only a soil survey will provide exact details.
In this case (if there is to be a basement), square meters could also be saved again on the ground floor or it could be planned smaller there, since guest room and utility room space would definitely be relocated downward.
This is probably a very personal calculation and, above all, attitude if one can financially afford it safely.
@ Chris,
regarding your basement and attitude, that is of course not to be dismissed. As written above, it really depends on one's own attitude and whether it is financially feasible. One would just have to clearly compare for oneself what the additional rooms such as utility room and guest room on the ground and upper floors / garden house or carport would be cheaper than the basement. Because I do see that everything costs something, and in the end, maybe 1-2 extra years of financing would remain.
since tomorrow is the next lecture about energy-efficient house building, we have spent the last two days further dealing with the topic. I have also reconsidered the basement topic carefully and read through the thread above. I would say that as civil servants and technicians we would have a good income if both worked full-time. Nevertheless, financing is usually calculated based on one income.
Listed again is the plan for the next years or how we have currently planned our financing.
Despite everything, it is still difficult for us to classify the financial aspect and say what one can afford and what one should afford. Maybe you can share something from your experiences here.
[*]Plot of land valued at approx. €60,000 including all costs plus notary etc. The value of the plot is to serve as equity in the financing.
[*]Buffer (reserves of 3-5 gross salaries from me approx. €10,000 - €15,000) as reserve or security
Financing based on one income (technician)
From this salary, the following deductions were made. I want to point out that deductions were always made generously.
[*]€200 private pension provision
[*]€150 continue into a home savings contract not yet ready for allocation (as another buffer / reserve) amounting to €50,000
[*]€350 go monthly for car insurance and tax as well as gasoline. This is quite high as I commute a lot.
[*]€500 house ancillary costs such as electricity, water, sewage, garbage disposal, property tax etc. A buffer of €150 has been calculated here.
[*]€450 groceries for 2 adults / 1-2 children (1-2 children are planned in the next 3-5 years)
After all deductions, approximately €750 remain to repay a loan. As mentioned, I think this is a very healthy calculation.
It is planned that after the start of house construction and the first child or second, my girlfriend (then wife) will go back to working part-time. Salary then about €1,000 net.
Currently, it is really hard for us to organize what one can and should afford with that. It is causing us some headaches since we haven't had this experience yet.
An acquaintance said that with €350,000 including land one should already expect a normal build here. However, this would exceed our initial limit of €250,000 planned loan. The aim is still to be finished in 25 years and to live normally on the side.
@ Musketier, thanks for the link!
Depending on the plot size, I might advise a large garage or a large carport. Both are available with storage rooms in different variants, and the costs are moderate.
Put the heating in the utility room or, as some in our new development do, under the roof... there are many options.
The "bathtub version" was too expensive for us, for example. We are building a really nice large carport with storage room and a log cabin garage as a shed for stuff. Then there is a garden house for the things you don't always want to carry from A (garage) to B (garden).
Our plot accommodates the parking spaces, with still enough garden left.
All a matter of budget, plot conditions, and personal taste.
The above-mentioned thing naturally also plays a role in the basement planning and/or whether it is included or not and makes up most of it.
For me, it is certain that a double garage must come or is definitely needed. A carport alone would not be sufficient for hobbies and other interests. From what I have found out so far, we have no problems with radon or water in the area. Thus, a black tank would actually be sufficient. Of course, only a soil survey will provide exact details.
In this case (if there is to be a basement), square meters could also be saved again on the ground floor or it could be planned smaller there, since guest room and utility room space would definitely be relocated downward.
This is probably a very personal calculation and, above all, attitude if one can financially afford it safely.
Here are my experiences from house building in 2014:
Cost per sqm: For us, it was WAY less than €2,000 when using the pure house construction costs including planning (around €1,500). We built solidly in KfW70 standard. However, while we only used good branded products (Villeroy & Boch, high-quality farmhouse doors, burglar-proof windows, etc.), we did not invest in luxury features. Surely it is also very regional (we built in the Lower Rhine region (NRW)).
Basement: We skipped it. We were also told something about €40,000, and honestly - for what? We have a huge garage, garden shed, carport - that is enough. We neither need to store 3,000 liters of heating oil or coal nor do we need space for a discarded kitchen we don't want to throw away. But of course, that is also a philosophical question – and if money were no object, we probably would have taken one. But for us, the price-performance ratio was completely off.
Interest rates: As already hinted by the previous posters – anyone giving sure forecasts here is either tricking or really has an insight that would probably make him/her a millionaire... I think you should calmly proceed with private planning, not be rushed, and once everything is set, see what the market offers.
@ Chris,
regarding your basement and attitude, that is of course not to be dismissed. As written above, it really depends on one's own attitude and whether it is financially feasible. One would just have to clearly compare for oneself what the additional rooms such as utility room and guest room on the ground and upper floors / garden house or carport would be cheaper than the basement. Because I do see that everything costs something, and in the end, maybe 1-2 extra years of financing would remain.