Wissi
2016-08-07 07:40:52
- #1
Hello everyone!
After reading quite a bit about basements/living basements/square meter costs in this forum over the past few days, I thought it would be good to get your assessment of our construction project.
In short: Are we imagining something here that doesn’t fit our budget?
Our basic conditions are still quite loosely defined, as we are still very much at the beginning and only submitted an application for the planned development area two months ago. Apparently, however, there are good chances of getting a plot there; so maybe the allocation will start by mid/end of next year. The whole thing is supposed to take place in a rural area in NRW.
Basically, that’s “about it”…..although I really didn’t expect the living basement issue to put us in such a fix.
The plan was a budget for the house of 300 to 350 thousand euros. Not turnkey, but each “almost finished.” Doing the floor coverings ourselves, walls, etc. Especially for the basement, since my father and I also finished the current basement of my parents on our own. If the single-family house, we thought, could be set up turnkey on top and everything is still within budget: all the better. Well…wrong assumption?
We have already received two initial offers, and we are still waiting for two more. In both, the basement amounted to about 60k €, to which the costs for the living basement were added. These were around 120 to 140 thousand euros! Oof!
In the end, both offers were at least 420 thousand, with the second offer even mentioning “the 5 in front” if certain cases occurred.
Have we so misjudged with our 300-350k € (for the house)? Does one have to say that something like this is simply not doable with the stated requirements?
After reading quite a bit about basements/living basements/square meter costs in this forum over the past few days, I thought it would be good to get your assessment of our construction project.
In short: Are we imagining something here that doesn’t fit our budget?
Our basic conditions are still quite loosely defined, as we are still very much at the beginning and only submitted an application for the planned development area two months ago. Apparently, however, there are good chances of getting a plot there; so maybe the allocation will start by mid/end of next year. The whole thing is supposed to take place in a rural area in NRW.
[*]Planned is a 1.5-story single-family house with a basement apartment
[*]The development area is on a slope
[*]The parents are supposed to move into the basement and get a living area of 80 sqm. Another 10 sqm are planned as utility space (technical room, storage room)
[*]On top of that, as mentioned, a 1.5-story single-family house with about 120 sqm
[*]The basement is supposed to protrude somewhat to the south (towards the slope) to offer a small terrace to the ground floor.
[*]We don’t have to pay for the plot, as it is being covered by the parents. Nevertheless, we can expect a typical two-thirds rent (+ rent for the parking space = at least 500€). That’s already nice
[*]oh yes: Both in prefabricated construction. Due to various circumstances, the small, quite fixed or plannable time frames “when everything is ready” are important for all of us.
Basically, that’s “about it”…..although I really didn’t expect the living basement issue to put us in such a fix.
The plan was a budget for the house of 300 to 350 thousand euros. Not turnkey, but each “almost finished.” Doing the floor coverings ourselves, walls, etc. Especially for the basement, since my father and I also finished the current basement of my parents on our own. If the single-family house, we thought, could be set up turnkey on top and everything is still within budget: all the better. Well…wrong assumption?
We have already received two initial offers, and we are still waiting for two more. In both, the basement amounted to about 60k €, to which the costs for the living basement were added. These were around 120 to 140 thousand euros! Oof!
In the end, both offers were at least 420 thousand, with the second offer even mentioning “the 5 in front” if certain cases occurred.
Have we so misjudged with our 300-350k € (for the house)? Does one have to say that something like this is simply not doable with the stated requirements?