Is financing possible with ING?

I'm keeping my fingers crossed for you, but I also believe it's going to be way too tight. For example: We're building in Brandenburg and just the sewage connection alone cost us nearly 8,000 (on an already developed plot). Definitely have a Plan B ready (e.g. financial support from your parents) because living on the construction site with an infant would be pretty awful for everyone involved.

Crazy costs for the connection, what are they caused by? We based ourselves on the experience of our friends who built there this year and even rounded the price up a bit... Of course, you can't know all the costs, especially regarding soil conditions. Luckily, there are also IG blogs from those building in this residential park and we can follow the process a bit that way.

thank you, we're not stupid enough not to know what GES is

I didn't say that you are stupid, I just asked. However, even I have to shake my head slowly.

Crazy costs for the connection, what are they caused by? We based ourselves on the experience of our friends who built there this year and even rounded the price up a bit.... Of course, you can't know all the costs especially regarding the soil conditions. Fortunately, there are also IG blogs from those who are building in this residential park and we can also follow the process a bit because of that

General connection fees + approx. 20 m of cable including earthworks + something like a transfer shaft made of concrete.
The suppliers sometimes have very specific ideas about who does what at what price (even if the builders have great construction qualifications).

Land price: €162,000
House construction price: €237,000
Interior finishing: €43,500
- Wall tiles 100m2 at €30 = €3,000
- Floor tiles/coverings (most rooms on the ground floor will be tiled) = 160m2 at €30 = €5,000
- Painting work €1,000
- Sockets / data sockets - €6,000
- Kitchen - €15,000
- Sanitary fixtures - €8,000
- Staircase: €5,000
*Everything including labor/assembly/electrical
Additional building costs: €31,000
- Surveying €3,000
- Building inspection (included in construction performance description, but still): €600
- Building permit €1,200
- Orchard meadow - €3,000
- Road closure - €1,000
- Earth - removal - €2,450
- Development - €7,000
- Rainwater cistern - €3,000
- Construction road - €1,000
- Soil improvement - €8,000
- Safety measures: €1,000

Outdoor facilities:

- Fence: €5,000
Other items remain open for now, to be carried out by own work later.

Total costs from the loan amount €499,000 €478,000

——————-
Purchase incidental costs from equity: €13,800

If you had taken the trouble to read my post, you would know that at least the following are missing:
- Interior doors: material price at least €2,000
- Painting work (we planned alone €2k for paint)
- Construction electricity and water
- Mortgage charge: costs for notary and land register €1k
(I come to €1k more incidental purchase costs)
- Tiles (probably not sufficient with just tile adhesive, corner profiles...)

Drainage with us also €7k.
It doesn’t help us much that the neighbor paid only €5k at the same time.

Does the land actually cost €162k or €165k now?

Where does the exact figure of €2,450 for earth removal come from?
Seems pretty cheap to me.

So in the best case it works out this way, but a plan B would be important.
The costs you mentioned for interior finishing require doors, tiles, floor coverings, sanitary and painting to be done by own work/otherwise free of charge.
That has to be managed first!
And all that with an infant.
I haven’t fully understood the role of your father-in-law yet. If he provides/pays the labor, your starting position is significantly better.

I see it more as having a child, buying land & really saving. If prices keep running, it's game over anyway..

Morning,
exactly.

[*]Buy land; if it doesn't work out, you can certainly sell it again - with a profit.
[*]Repay the land loan as quickly as possible; you'll probably get better conditions than 1.3%.
[*]At the same time, save as much as possible so you notice if you can manage for a longer time without much consumption, travel, etc.
[*]Use your equity to pay off expensive consumer loans.
[*]Plan a bit smaller; it doesn't always have to be 165 m² - why are you so resistant to that.

Regards Olli

I didn’t say that you’re stupid, I just asked. However, even I have to shake my head slowly.

Je

If you had taken the trouble to read my post, you would know that at least the following are missing: - Interior doors: material cost at least €2000 - Painting work (we planned €2k for paint alone) - Construction electricity and water - Land charge: costs for notary and land registry €1k (I come to €1k more purchase incidental costs) - Tiles (hardly enough with just tile adhesive, corner profiles...) Drainage for us also €7k. It doesn’t help us much that the neighbor only paid €5k at the same time. Does the plot cost €162k or €165k now? Where does the exact figure of €2450 for the removal of the soil come from? Seems quite cheap to me. So it works out at best like this, but a plan B would be important. The costs you mentioned for the interior finishing require doors, tiles, floor coverings, sanitary and painting to be done by yourself/otherwise free of charge. First you have to manage that! And also with an infant. I haven’t quite understood the role of your father-in-law yet. If he provides/pays for the labor, your starting position is significantly better.

That’s right, we have generously planned €3000 for the interior doors (roughly €300/door), I didn’t list that here sorry, but it’s not missing from our main calculation. Nevertheless, if you looked just as closely, you would see the tiles, painting and notary are also included! Although the notary (with land registry entry) belongs to the costs from equity and is not included in the loan amount. Construction electricity and water are also included under one of these items (I won’t pin it down now under which, my husband has thought through almost everything and knows where it’s listed, I summarized it more roughly.) But how much more expensive it will be in the end, nobody knows, we will definitely try to save +€20k / if push comes to shove maybe put it aside from the family as a last resort. What is not sufficient for whom is also very individual. Some can easily invest €4000-5000 just in one house! Personally, I’m still missing the baseboards spontaneously, that still has to be added. And other small things for sure as well, which quickly add up to an amount. But the tone of the know-it-alls in which is spoken in this forum as well as the partly false statements – I would like to point that out and that’s not okay and hardly anyone would tolerate that! Surely one or another hint is useful but honestly the sh*t as a basic mood ruins it all! The €2450 results from the exact offer of our friends who actually sent us all their planned vs actual cost tables – to the statement that one should never trust the friends with honesty and transparency. (Ah yes, they surely blacked out all the figures in the tables before). So you can tell from my tone that I am slowly losing my patience after a lot of patience. And a general post shouldn’t lead to that. So generally I do understand – that it’s better to be cautious than too optimistic bla bla, I think everyone is intelligent enough for that, but unfortunately many generalized statements are given as the final authority. Now generally speaking about many. And it’s getting absurd slowly... This is only for all those cost breakdowns that say you cannot build a move-in ready house with this sum... and that the hotly debated €48,000 in addition to the €550,000 have somehow gone missing along the way... But I think proving something to someone at least from a planner’s calculation perspective is also a futile effort. Therefore conclusion: I’m happy to post the result of our sources and efforts here afterwards, maybe it will be a bit of an experience value for someone, until then I wish everyone a as relaxed time as possible ;)