Cramster
2021-11-23 23:24:52
- #1
Hello everyone,
I became aware of this forum a few days ago because we are currently planning to buy a plot of land and build on it as soon as my wife returns from parental leave (2024). First of all, we are complete beginners when it comes to building.
The plot is located in a district of Heilbronn (BaWü). The plot is 575 sqm and we could purchase it for 520€/sqm2 (fully developed). The plan is a house with approximately 180 sqm2 (gable roof with 38°) with a double garage and, if possible, fully basemented.
General information about you:
Income and asset situation:
Total income and expenses:
General information about the property:
Construction or purchase costs:
Other costs:
Cost summary:
Is this cost breakdown for the house realistic? Is such a project feasible with our financial means or should a smaller size (for example, 160 sqm2) be built instead?
Thank you in advance for your assessment.
I became aware of this forum a few days ago because we are currently planning to buy a plot of land and build on it as soon as my wife returns from parental leave (2024). First of all, we are complete beginners when it comes to building.
The plot is located in a district of Heilbronn (BaWü). The plot is 575 sqm and we could purchase it for 520€/sqm2 (fully developed). The plan is a house with approximately 180 sqm2 (gable roof with 38°) with a double garage and, if possible, fully basemented.
General information about you:
[*]Who are you? Married couple
[*]How old are you? me: 40 / her: 32
[*]Are there children? yes, 3. 17 years old (from a previous relationship, does not live with us in the household), 1 year old and the third will be born in June 22
[*]Are more children planned?
[*]What do you do professionally? me: managing director / her: journalist (on parental leave)
[*]Are you employed, self-employed, retired, housewife, househusband etc...? me: self-employed / her: employed
[*]How many hours do you work? me: 45+ / her: currently parental leave until approx. 2024
Income and asset situation:
[*]What income do you have (gross/net)? me: 7,650 / her: approx. 2,200 net from 2024
[*]How much child benefit is there? €219 - however, this should not be considered.
[*]Other transfer payments such as parental allowance, sick pay, etc...? no
[*]How much equity do you have? €350,000 in a property which is currently owner-occupied but is to be sold after the house is built.
[*]How much equity do you want to invest in the house project? all
Total income and expenses:
[*]Total income: currently €7,650 net / from 2024 at the start of the construction project €9,600
[*]Total expenses: €4,500
[*]Balance: currently €3,150
General information about the property:
[*]How large is the plot? approx. 575 sqm2
[*]What are its dimensions? approx. 25 m x 23 m
[*]New build, old building (year built), house type? new build planned
[*]Garages? double garage
[*]How large is the house? approx. 180 sqm2
Construction or purchase costs:
[*]Plot costs 297,440 (fully developed)
[*]Construction costs €540,000
[*]Additional construction costs 25.000 €
[*]Outdoor facilities/terrace, paths, garden design, fences etc... 30.000 €
[*]Plot costs: 297,440
[*]Development costs: fully developed
[*]Additional acquisition costs (notary, court, property transfer tax, broker) €19,334
[*]Construction or purchase costs (incl. architect, structural engineer): €540,000 (estimated)
[*]Additional construction costs (e.g. house connections, soil surveyor, construction power etc.): 30,000
[*]Outdoor facilities/terrace, paths, garden design, fences etc...: 25,000 €
[*]Total costs: approx. €912,000
Other costs:
[*]Kitchen costs €45,000
[*]furniture, lamps, decoration €20,000
[*]Miscellaneous / buffer 50,000
Cost summary:
[*]Total costs: approx. €1,030,000
[*]Deductible equity: 350,000
[*]Financing amount: €680,000
Is this cost breakdown for the house realistic? Is such a project feasible with our financial means or should a smaller size (for example, 160 sqm2) be built instead?
Thank you in advance for your assessment.