Does our financing match our capabilities?

The correct way is where the bank sees the limit. Then see which BU lies within that range.

I strongly doubt that! Banks only want your best. If I had gone by that, we would have gotten a few hundred thousand more. Don't forget: the money also has to be paid back. Regards, Steffen

I did not say that you should use the entire quota, but you have to know your limit. Otherwise, you buy a piece of land and can no longer afford a house as it should be. Then unfortunately it's too late. Look at the Ausstattungwünsche der TE

Hello Yvonne,

I suppose that Musketier also has a bathroom with fittings, a bathtub, and tiles.

But I know what you mean. What we have seen so far is that the standard regarding flooring/tiles/bathroom fixtures is usually acceptable. It doesn’t have to be more than the standard everywhere.

Personally, I don’t want to equate my limit with the bank’s limit. If we now calculate with 280,000 instead of 250,000, that’s okay. If in the end it turns out to be 300,000 because, as always, things turn out differently than expected, that is still manageable. But if the bank says you get 400,000, that doesn’t mean I plan something for 370,000 in order to (with a buffer) reach the 400,000.

I might be a bit early, but soon it will probably be time to collect concrete offers, then we will see where we stand.

Best regards
Cora

We had also set a personal credit limit of 200K€, although we might have gotten 100-150K€ more. However, I never asked the bank about the limit. Due to the switch from the Energy Saving Ordinance to Kfw70 with a different heating system, we ended up slightly above the 200K€, but were able to keep our monthly burden roughly the same.

Especially at the beginning of the house planning and the sampling, we were consistent and strictly ensured that the budget did not get out of control.

On the topic of the bathroom:
Especially in the area of sanitary fittings, I would never have expected such surcharges.
You pick something nice for a few hundred €, and in return, you get a credit of, for example, 40€ for a standard washbasin.
Doing this a few times with toilets, faucets, washbasins, and you already have a few thousand together.

For bathroom accessories like towel holders, paper holders, brushes, etc., you can also quickly spend a few hundred. By chance, one of the discount stores had stainless steel bathroom accessories on offer very cheaply.

For washbasin + cabinet + furniture, you can quickly spend a few thousand at the specialist trade. We then went to the furniture store and looked for alternatives there.

For shower enclosures, you can also quickly spend about a thousand per piece. For example, none of the construction service descriptions we checked included anything as standard here.

Topic tiles
With the tiles, on the other hand, we hardly had to make any compromises because our budget turned out to be larger than expected towards the end due to delays in construction.

I reread the thread... it's not that we want to talk you out of building a house, but if you ask, you get the opinions of users who have made their - in terms of costs - surprising experience.

We have already gone through some documents (these performance descriptions, catalogs) and come to 230,000 to 240,000. A friend of ours recently built and paid a total of 270,000, but that included the plot and 220,000 without. The key data fits 1:1 except for the shower (not barrier-free) and shutters (not electric).

That has already been written. It may be that you have your reference, but - as you already say - limited, see last sentence -> shower and shutters. How is it with the fireplace? Ventilation system? Do they have that too?
What about the price increase that pointed out to you?

We looked at how big a house we want, checked where that lies price-wise and then asked the bank whether they could do financing at that level.

I personally don’t want to equate my limit with the bank’s limit. If we now calculate with 280,000 instead of 250,000, that’s okay. If it ends up being 300,000 because, as always, things turn out a bit differently than expected, that’s still bearable. But if the bank says, you get 400,000, that doesn’t mean I plan something for 370,000 to (with buffer) reach the 400,000.

You have already been to the bank - I overlooked that. Certainly, you don’t have to take the bank’s limit, we didn’t either - we could have gotten twice as much, but that was simply beyond our comfort zone.
You just choose a house, adjust size, technology and some manageable extras, take a lower limit for incidental building costs, and take out a loan with a 5% buffer.
Assuming the ground survey was included in the costs, it may be that a more expensive foundation was recommended there, and the buffer is already used up.
Then building begins, so far so good. An expert was no longer included in the calculation. But one should also consult an expert. Better that way.

As far as we currently have an overview, 250,000 EUR will suffice.

That surprises me because your fireplace including chimney costs between 8 and 10 thousand with everything.

I assume Musketier also has a bathroom with fittings, tub and tiles.

But I know what you mean. What we have seen so far, the standard for flooring/tiles/bathroom fittings is mostly okay. It doesn’t have to be more than standard everywhere.

I already advised you once to compare house exhibitions with the construction performance description. Or go into an open bathroom exhibition and have them show you the standard of the regional major builders. Near us there is an exhibition that has the sanitary elements of the big builders installed in the back corner (very hidden). And honestly: no one wants that. Some are relics from the 90s.
Then the man suddenly dreams of the rain shower, the woman notices that the standard tiles are very sensitive.
We were lucky with the standard, but even so, no one wants to call the classic ergonomics of the 170/75 tub their own.
Also, eventually the tiler comes and shows you the white plastic corners that are included in the standard. And before you have to worry whether these yellow, you take stainless steel. You only build once.
As an example for the electrics: no electric shutters, some more sockets and toggle switches, few sockets controlled by one switch, some outdoor lights, and the SAT system cost us 3000.
Pressure sensors due to controlled residential ventilation and fireplace would have also cost a few hundred.

Here you have some items that could surprise you

You can also quickly spend a few hundred on bathroom accessories like towel holder, paper holder, brush, etc.

*sigh*

And here is something else I noticed:

Prepayment penalty - does not apply, the apartment will be "regularly" paid off in a few months
Plot value - 50,000 EUR

This was not about the apartment’s prepayment penalty but about the loan payoff for the plot.

House money - includes water and heating, electricity comes extra and is missing in my calculation (80 EUR), thanks for completing my list

Property tax, garbage, sewage and building insurance are still added. But you probably have that in mind as apartment owners?

I think you can afford a house, but not the equipment.
Therefore, calculate carefully and add everything that is mentioned to you as costs.

Regards Yvonne

For bathroom accessories such as towel holders, paper holders, brushes, etc., you can quickly spend a few hundred euros. By chance, one of the discounters had stainless steel bathroom accessories on offer very cheaply.

For shower enclosures, you can also quickly spend a thousand euros each. For example, none of the construction service descriptions we checked included anything like this as standard.

We would simply take care of things like bathroom accessories ourselves. If it's not included, it will be bought at Aldi and installed by ourselves. We have no problem with that.


I hope it doesn't come across wrongly on my part. I don't feel like you are putting me down. I find it helpful for us to discuss this with you. So all good.

Our reference has a fireplace but no ventilation system. Indeed, I hadn’t considered that difference in the beginning. We initially really wanted a chimney/fireplace. By now, I somewhat doubt the cost-benefit ratio.
We have already visited bathroom showrooms and the standard suffices for us.

Keyword loan repayment land: this will come down to refinancing, so the land loan will be bundled into one big new loan and we will have the option of a one-time high special repayment. VFE was never mentioned – depending on that, we might have to have a serious talk with the advisor.

Property tax, garbage, sewage and building insurance are still added. But you have that in mind as apartment owners, right?

Garbage, sewage and building insurance are included in the house fees. Everything except electricity. By property tax you mean property charges? We are of course currently paying those for the apartment as well. If I take house fees, electricity and property charges (broken down monthly), we currently have a total of about 370 EUR in ancillary costs. What would one calculate as a surcharge from a small apartment to a house? Let’s say 100 EUR on top? Then household contents insurance would of course be more expensive. So if we roughly estimate about 500 EUR in ancillary costs, that should be fine.

Best regards
Cora