Is a home construction project realistic?

  • Erstellt am 2016-01-16 10:35:49

Bauexperte

2016-01-18 06:43:42
  • #1
Good morning,


Even if you want to build in a very rural area, it is still Rhineland-Palatinate. Therefore, I don’t think you will manage with the costs mentioned. The house—simple architecture and purely according to the energy saving ordinance—should cost an estimated €260,000; the turnkey variant (without painting work + floor coverings). Since the plot is already available, €30,000 as ancillary construction costs should suffice, unless the soil survey reveals increased foundation additional costs. So rather expect around €310,000 plus costs for kitchen etc.

Rhenish regards
 

Peanuts74

2016-01-18 11:03:10
  • #2


Well, I would say, here in our "hostile territory," that would work, even if it gets tight...
It always depends on whether you build rather simply and maybe bring in some own labor, or whether everything has to be top-notch and you cannot/will not lift a finger (as a desk worker???)
One more thing on the topic of saving equity: due to increasingly strict energy saving regulations and rising construction costs, it’s a vicious circle here. Our house would have become at least about €30,000 more expensive approximately 3 years after contract signing, and you have to save that first, disciplined.
And in the end, you save now very strictly, but then in 3 years the interest rates will be 1% higher again, and that won’t help you either…
I would check or ask a few banks if it is possible now, and if so, then start now…
With €1,700 (if this can actually be used for the house (installment + incidental costs) and nothing is made to look nicer than it is), a €300,000 financing should easily be possible so that you can be finished before retirement…
 

costa

2016-01-18 11:18:24
  • #3





I don’t see €1700 surplus anymore as soon as there is a child on board and additional costs arise AND only part-time work is done or childcare.
 

Paul86

2016-01-19 05:08:43
  • #4


but one should also consider that my income will increase to €3000 in 2018 and the €280 car payment for Car 1 will also disappear in 2018. Of course, the car will have to be replaced at some point. However, in 2020 the payment for Car 2 will disappear, which does not need to be replaced in the long term (low mileage). I think all of this should be manageable, but I am grateful for any hints and suggestions.
 

Wastl

2016-01-19 07:56:04
  • #5
Are there alternatives for you? (Large apartments, houses for rent that are affordable) Can and do you want to compromise because of the house? -> If yes, then I would start moving and begin financing discussions to get a rough framework and then contact the home builders to see what you would get for that. The conditions are not bad, and if it then no longer is an Audi A6 but a Ford Focus, it just has to be okay,...
 

Peanuts74

2016-01-19 12:26:04
  • #6
"...and if it's no longer an Audi A6, but a Ford Focus, it just has to be okay..." Now don't scare the poor boy!
 

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