What I still can’t figure out:
[*]If the €325,000 are the eligible costs and
[*]If they are correctly stated as net and
[*]If we assume that the total costs are 50% above the eligible costs,
then our small semi-detached house with its good 100 sqm costs well over €500,000. That’s all absurd...
exactly that is the crux of the matter. I wouldn’t worry about the architect’s fee for now. The problem is that your house will cost €400,000 plus X, but you only want/can invest €300,000 all inclusive. You should discuss that, and we can’t make any statements here as long as more info is not available (floor plan, development plan, hillside location, etc.).
Basically, you’ve already realized that you miscalculated a bit. Demolition also costs money, which you don’t have with a “normal” new build. But you still have to do the soil replacement because that was not state of the art back then. Since the previous basement was lower, you will probably have to excavate deeper and then of course shore up the other half of the semi-detached house. That all costs money. The small footprint also results in more exterior walls, which tends to be more expensive, and possibly the connection to the other semi-detached house is complicated to realize or maybe forces the architect to make compromises in your build that cost extra. So it doesn’t necessarily mean that the cost estimate is totally off. It also doesn’t help you if it’s calculated very tightly now and you get burned later.
If costs remain this high, I would consider selling the plot again. After all, you bought a house on it, the value of which you are now practically scrapping. If it’s not a very exclusive plot, you are basically building there with gilded stones.
- Demolition
- Extension to a semi-detached house
- narrow building window (height and width)
For that money, you could probably realize 150-170 sqm on a “more generous” plot.