Construction project single-family house, shed roof - feedback and assessment

Hello Basti,

this is a nationwide family business that is represented in many federal states, but has its headquarters near me.

I wouldn't be tied down here, but I have a good feeling.

Best regards

The budget of 350K should also include the following components:

[*]Ancillary building costs
[*]Parking spaces
[*]Excavation work
[*]Floors
[*]As notable extras, we would like underfloor heating, electric blinds, heat pump, and a sauna (which we would retrofit later, does not have to be there from the start)

I find the wording strange that it "should" be included. "Should" is non-binding. Is it included now, or is that your hopeful wish? Unfortunately, the ancillary building costs alone could already be €50,000.

"Shall" is my wish, my idea / expectation.

If I had a binding offer I would copy / paste it.

Then prepare yourself for the fact that your "should" will not be fully achievable as such. If the basic costs of the house amount to 306k, certainly something will be added. Even with a good basic equipment from the provider, here and there smaller surcharges will likely come up (more electrical installations, foiled windows?, maybe still a lift-and-slide door?, stairs are often upgraded, larger tile formats etc...) and with an upgrade buffer, ancillary construction costs, outdoor facilities, parking spaces (are these supposed to be carports?) I see 350k as not realistic. I would rather roughly calculate like this 320k for the house (that is really not much upgrading) 30k ancillary construction costs (can you already estimate the earthworks for your "slight" slope?) 30k outdoor facilities including carports 50k painting and interior fittings (kitchen, furniture, lamps) 100k plot of land So I see a capital requirement of about 530k and thus 430k credit. Nevertheless, I consider this loan manageable for you. You have everything well in view and are structured. You can tackle this, but keep in mind that almost no one comes in with their original calculation.

Hello Crossy,

Thank you for the feedback.

I cannot estimate the costs for the slope. The parking spaces are really only supposed to be parking spaces for the moment.

I have an on-site appointment at the property with the developer tomorrow.

430K is quite a chunk, but I think I would do it anyway.

That is exactly the kind of feedback and hints I am looking for

You still have one advantage: after you have purchased the property, you don’t start building and repaying immediately. So you still have a few months to save up equity again as a buffer. And through the cash purchase, you also have time for proper planning. In peace. Including getting informed. No stress. Quasi ideal conditions.