Lanini
2017-07-06 12:30:36
- #1
Well, of course, you only really know at the end if it actually fits financially. But we are relatively optimistic that it won’t be much more expensive. A certain buffer is already included in the €330,000. We are building with an architect and individual contracts, have the offer from the actually executing company for each trade, all sample selections are done (OK, except for the outdoor facilities, for which a flat rate of €15,000 is planned in the budget, which should cover the most important things). So sanitary, electrical, heating, etc. have also been selected, which are often the main cost drivers... for the trades carried out as self-performance, offers for materials are also available (the architect handled the tenders for this) plus some buffer for unforeseen additional costs for the self-performed work.
The closed shell including the garage is done (including final invoices for the completed trades), currently the rough electrical and sanitary installations are in progress, and so far we are about €4,000 UNDER the architect’s cost estimate (mainly due to discounts from the individual trades). That will surely change, but some buffer is planned in my mentioned amount of €330,000, as is usual. And even if we end up slightly over €330,000, that’s no big deal; we have not financed so tightly and have budgeted additional costs to a certain extent, which have not yet occurred (touch wood).
We considered the self-performance very carefully and fully stand behind it. Drywall construction starts in two weeks, we have professionals with us to help, and it’s also "only" the ceiling on the upper floor, so no drywall walls or similar. Painting, floor coverings (except tiles, which we’re having done), and outdoor facilities are, in my opinion, also not particularly unusual self-performed tasks. And we have the time for it. Since we currently live rent-free (and have no children), a few months longer building time doesn’t matter. Honestly, we are even doing less self-performance than is usual for our region. Because here in the countryside it is not unusual (on the contrary!) that a lot is done in self-performance (sometimes the entire interior finishing). I don’t think you can really compare that to metropolitan areas. The pace here is still a bit different, also when it comes to construction costs, for example, hardly anyone here builds with a general contractor (GU/GÜ) but certainly 95% with architect and individual contracts (or even without an architect managing themselves), because that is significantly cheaper in our region than a GU/GÜ.
This all sounds quite defensive now, but that’s not the intention. We have thought it all through carefully. The costs should fit, and even if it ends up being a bit more than €330,000, that’s not a problem because we have specifically planned a buffer for that. However, we do not expect to exceed €330,000.
I really cannot imagine that it will end up significantly more expensive than planned (±€30,000–40,000) since we have exact offers from the actually executing trades and everything is already selected. If there are major additional costs, they will probably only affect the outdoor facilities because that is the only "trade" for which only a flat rate is planned. But with the estimated €15,000 we should be able to do the most important things, and everything else will come later (or the buffer will be used if it hasn’t been needed by then). I’m afraid the pace here really is a bit different because €330,000 for a house (including land, which is still very reasonable here at about €60/m²!) is a perfectly normal price here and not unusually low.
The closed shell including the garage is done (including final invoices for the completed trades), currently the rough electrical and sanitary installations are in progress, and so far we are about €4,000 UNDER the architect’s cost estimate (mainly due to discounts from the individual trades). That will surely change, but some buffer is planned in my mentioned amount of €330,000, as is usual. And even if we end up slightly over €330,000, that’s no big deal; we have not financed so tightly and have budgeted additional costs to a certain extent, which have not yet occurred (touch wood).
We considered the self-performance very carefully and fully stand behind it. Drywall construction starts in two weeks, we have professionals with us to help, and it’s also "only" the ceiling on the upper floor, so no drywall walls or similar. Painting, floor coverings (except tiles, which we’re having done), and outdoor facilities are, in my opinion, also not particularly unusual self-performed tasks. And we have the time for it. Since we currently live rent-free (and have no children), a few months longer building time doesn’t matter. Honestly, we are even doing less self-performance than is usual for our region. Because here in the countryside it is not unusual (on the contrary!) that a lot is done in self-performance (sometimes the entire interior finishing). I don’t think you can really compare that to metropolitan areas. The pace here is still a bit different, also when it comes to construction costs, for example, hardly anyone here builds with a general contractor (GU/GÜ) but certainly 95% with architect and individual contracts (or even without an architect managing themselves), because that is significantly cheaper in our region than a GU/GÜ.
This all sounds quite defensive now, but that’s not the intention. We have thought it all through carefully. The costs should fit, and even if it ends up being a bit more than €330,000, that’s not a problem because we have specifically planned a buffer for that. However, we do not expect to exceed €330,000.
I really cannot imagine that it will end up significantly more expensive than planned (±€30,000–40,000) since we have exact offers from the actually executing trades and everything is already selected. If there are major additional costs, they will probably only affect the outdoor facilities because that is the only "trade" for which only a flat rate is planned. But with the estimated €15,000 we should be able to do the most important things, and everything else will come later (or the buffer will be used if it hasn’t been needed by then). I’m afraid the pace here really is a bit different because €330,000 for a house (including land, which is still very reasonable here at about €60/m²!) is a perfectly normal price here and not unusually low.