Dan8070
2014-07-16 15:06:37
- #1
Hello everyone,
since by the end of this year we are finally going to reach the self-imposed equity goals, things will get serious soon. The construction is planned in beautiful (expensive) Upper Bavaria.
We (my wife and I) have been increasingly dealing with house construction over the past 2.5 years and have consistently stuck with the following model:
Single-family house 145 - 150 sqm (our desired floor plan can be realized here) 2 full floors, no frills, straight lines, no gimmicks Fully basemented, not intended as living space A fireplace in the living room is desired (but this can still be canceled if necessary).
Equity at the end of the year: a bit more than 183,000 euros A fully developed plot in an old residential area (720 sqm corner lot) is available.
The plan/dream is as follows (at 150 sqm): House costs: 270,000 euros Single garage including separate small "tool/bike room": 10,000,-- Additional construction costs: 50,000,-- (I prefer to estimate higher so that there is still some left over) Outdoor facilities: 15,000,-- Heating: air heat pump (no gas connection available in the neighborhood), controlled residential ventilation
It is planned to take out a loan of 200,000,-- euros. This would leave about 35,000,-- euros for the kitchen, various fittings, surprises, and a reserve.
If something really goes wrong, there is still a second plot owned, which can be sold as a parachute in the worst case.
So, now I am curious how you realistically assess this. Have I planned sufficiently or is this a pipe dream?
since by the end of this year we are finally going to reach the self-imposed equity goals, things will get serious soon. The construction is planned in beautiful (expensive) Upper Bavaria.
We (my wife and I) have been increasingly dealing with house construction over the past 2.5 years and have consistently stuck with the following model:
Single-family house 145 - 150 sqm (our desired floor plan can be realized here) 2 full floors, no frills, straight lines, no gimmicks Fully basemented, not intended as living space A fireplace in the living room is desired (but this can still be canceled if necessary).
Equity at the end of the year: a bit more than 183,000 euros A fully developed plot in an old residential area (720 sqm corner lot) is available.
The plan/dream is as follows (at 150 sqm): House costs: 270,000 euros Single garage including separate small "tool/bike room": 10,000,-- Additional construction costs: 50,000,-- (I prefer to estimate higher so that there is still some left over) Outdoor facilities: 15,000,-- Heating: air heat pump (no gas connection available in the neighborhood), controlled residential ventilation
It is planned to take out a loan of 200,000,-- euros. This would leave about 35,000,-- euros for the kitchen, various fittings, surprises, and a reserve.
If something really goes wrong, there is still a second plot owned, which can be sold as a parachute in the worst case.
So, now I am curious how you realistically assess this. Have I planned sufficiently or is this a pipe dream?