Funding ok or not?

The whole thing with "fully developed" is always a bit tricky. A plot of land can be considered fully developed as soon as the connections reach up to one meter on the property, but if your house, for example, is 13 meters from the beginning of the plot, you would still have to "develop" 12 meters up to the house. That should definitely be clarified beforehand. What about the connection of the utilities (Telekom, Kabel BW or something), is that already on the property?
Outdoor facilities for 5,000 EUR? That seems way too low to me.
The authority costs often exceed 500 EUR, depending on the type of approval process you are undergoing.
Just having builder’s liability insurance is not enough when it comes to insurance for construction; also think of construction performance, fire shell construction, construction helper accident insurance, etc.

Good morning,

The plot is fully developed - therefore no extra costs for development.

"Developed" or fully developed means nothing other than that the public connections are located in the street in front of the plot; in the best case up to 1.00 m into the plot to be purchased. The costs of internal development therefore still apply.

In addition, the groundworks were calculated at €3000 and are not listed separately in the ancillary costs.

Which groundworks are supposed to be covered by this amount?

The house price is almost turnkey, only floor and wall works are missing. Material costs for floor and wall are included in the house price. Furthermore, the following are already included in the house price: finished garage, planning, scaffolding, building application, construction electricity, architect, construction toilet/container, static calculations.

TEUR 217 - TEUR 8.4 (walls + floors [very little calculated]) - finished garage 3 x 6 incl. strip foundations TEUR 5.5 = TEUR 203.1 for "how much" house? Approximately 120 sqm?

The breakdown of the ancillary costs is as follows:

You should take a look here once:

Bavaria is not yet represented in the list, but I hope a user will soon enter their numbers. Nevertheless, you can already see from the entered values that your numbers will not add up.

Rhenish regards

Hello,

thank you very much for the many information, you can tell how the devil is in the details.

: Thanks for the clarification regarding parental allowance. We will probably have to get more detailed information here ..
According to the developer's information, the price corresponds to a KfW70 house and is therefore eligible for funding.

, Dindin, Bauexperte: We have already looked at plots 1 & 2 and as you mentioned, the connections are about 1m on the plots. The favored plot itself is 315sqm. The house would be placed quite close to the front plot boundary (according to the development plan) - nevertheless, digging still has to be done, correct. But 12m do not have to be "laid." Here we are clarifying with the developer whether this is already included in the connection costs. (Telekom is also still an open issue)

The outdoor facilities are part of the loan

: The link is great. And with the buffer of €10,000-€15,000 mentioned by the developer, you come exactly into the range of the "normally" estimated additional costs. The €3,000 for groundworks are the costs to make the substrate "suitable for a slab foundation."

Your assumption is correct, it is a 117sqm house.

The 3000€ for the ground work are the costs to make the subsoil "suitable for the foundation slab".

Do you already have a soil report? For us, another approx. 10,000€ was added because the ground was very soft. We still had to firmly compact it with ripping.

I now consider 350,000€ to be very tight. We ourselves also built in Bavaria and just managed with the 350,000€. However, after completion of construction, there were still "nice" bills from the municipality (namely these "ominous" costs for the connection to wastewater, etc.), which totaled almost another 3,000€. Somehow we overlooked / repressed the costs :oops:

We now also have to save up for the exterior facilities; right now the wallet is empty :(

So don't plan too tight!

Hello,

I can only agree with Jaydee - plan a proper buffer (at least 10 - 15% of the construction costs). In our case, the soil survey also led to additional costs of around EUR 10,000. Although I was probably familiar with the house previously standing on the property (grandparents' house) and the basement was always bone dry, our house is about 45 cm deeper in the ground and thus directly in a potentially water-bearing layer. Therefore, the soil survey recommends a white tank....
Then a few "extras" in the areas of sanitation, electrical or garden and the buffer is gone...

Regards,

Dirk

Hello,
we started building our house in 2015 but took care of the financing very early on. What was very important to us was fixed interest rates over the entire term and calculation up to the last installment. And look, it works.

We are currently still negotiating with LBS/Sparkasse and Debeka.

Both offered us, almost identical to you, 2 x €100,000 through a "normal" loan. These run for 12 years at an interest rate of just under 3%. At the same time, a building savings contract is concluded, which will be allocated from the 13th year and then runs at 2.7% until the end of the financing. The same applies to the two Kfw loans of 2 x €50,000, where the interest rate is identical everywhere; a building savings contract is also concluded here, which from the 11th year "redeems" the remaining debt.

This way your financing is secured for the entire period, so you are "safe" and won’t find yourself in a situation having to renegotiate later. Because in 10-15 years, in my opinion, we will be above 5% again….

If you have any questions about this, just send a private email.

Regards