the 350K should also include the floors, finishing work, parking spaces, ancillary building costs, so basically everything except painting work and furniture (also no kitchen).
100k plot of land
350k house
----
500k loan
100k equity
makes 150k for:
- incidental purchase costs
- incidental construction costs
- kitchen, furniture
- garden
- parking space (I can hardly imagine that this is included in the house price)
- buffer
- remainder that must not go into construction ("eiserne Reserve")
[*]The plot has 608 sqm
[*]The price per sqm is 150 euros
[*]Additional costs for notary, broker, property transfer tax apply
[*]I estimate total costs of about 100K
House
[*]The house is to be turnkey built by a (at least regionally) renowned developer (I understand I am not allowed to mention any names here)
[*]Our budget here is 350K
[*]It is a single-family house with a shed roof, ground floor, one story, and roof
[*]According to the catalog, it costs 306K for 157 sqm of living space
[*]According to the provider, it could also be built with about 10–15 sqm less (which would suffice for us); no room would be omitted, but all rooms would be somewhat smaller. The price would then decrease by about 10–15K; in case of doubt, 140 sqm would be enough for us; I hope the price will decrease accordingly.
[*]The following services would thus be included in our variant (I hope I am allowed to post the contents):
· Design planning, building application, and structural calculation
· Floor slab
· High-quality roof truss made of solid structural wood
· Roof covering with Braas concrete roof tiles with "Star surface"
· Windows with triple-pane thermal insulation glazing and roller shutters
· Roof windows from Roto or Velux
· High-quality synthetic resin exterior plaster for best weather protection and a durable facade
· Front door with 5-fold security locking and low-maintenance plastic surface
· Thresholds at floor-level exterior doors made of solid granite
· Radio-networked smoke detectors for your safety
· Fully operational and above-average electrical equipment from a brand manufacturer including telephone, network, and TV connection sockets as well as doorbell system – fixed and fully installed
· Stone interior window sills
· Future-oriented energy equipment in the form of gas condensing technology with solar system from Wolf or Viessmann and underfloor heating as well as decentralized, controlled residential ventilation with heat recovery
· Frost-free outdoor water tap
· Complete bathroom equipment from Villeroy & Boch with timeless modern bathroom ceramics, rimless toilets with soft-close lids, bathtub and shallow shower tray made of heat-insulating Quaryl as well as a real glass shower cabin with lift-and-lower mechanism
· Double boarding on the lightweight walls
· Tiles from Villeroy & Boch in bathroom and WC
· Attractive steel-wood staircase with individual color design options
· Attic pull-down staircase
· Including all planning and architectural services
[I]· Including construction-accompanying 5-phase expert inspection by TÜV and blower-door test
[/I]
[*]The following components should also be included in the budget of 350K:
[*]Additional construction costs
[*]Parking spaces
[*]Gala work
[*]Floors
[*]As noteworthy extras we would like underfloor heating, electric blinds, heat pump, and a sauna (which we would retrofit later, does not have to be there at the start)
Interior fittings
[*]We have a budget of 50K for this
[*]It should include:
[*]Kitchen
[*]Painting work in the house
[*]Various furniture
Financing:
Capital requirement: 500K
Cash on hand: 120K
Planned loan: 400K
Reserve / buffer thus 20K
I hope I have made my expectations transparent. Is this realistic? Where is it too tight?