Is my budget sufficient? 210 thousand euros for a single-family house

2013-11-18 18:47:45

A company that basically doesn’t do anything under 150,000 is immediately out of the running for me!

Well, I don’t know how others felt, but if you as a builder roughly know what you want (and you’d better know that before signing), then the price differences among developers in a region are marginal. If one is significantly cheaper, there is always some junk installed that I don’t want, and then all of them end up being equal or similar again.

2013-11-18 18:58:12

Hello! My experience: there are so many additional costs that you don’t even think about (because you don’t know) and where the euros add up very quickly. For example, preliminary and follow-up surveys, building permit costs, costs for sewage, possibly barriers, construction electricity rental (box), construction electricity (will later be settled with the tradespeople but must first be paid by the builder), water, etc... Should it be a Kfw 70 house? Then you also need an energy certificate, which can only be issued by an energy consultant... Things like that add up very quickly.

Hansi

2013-11-18 21:40:35

Good evening,

thank you very much for the numerous responses. As I wrote, I had already suspected that it would be very tight. I just always wonder whether all the houses I see really always cost (move-in ready) 300,000 EUR or more. With the plot, you’re quickly at 400,000 - 500,000 EUR. You also know the people and know what jobs they have and thus roughly how much they earn. So you do wonder how others do it. But whatever, I’m not others. It has to fit for me.

@Nutshell
Have you already built your KfW 55 house and are these the final costs, or is this the cost estimate?

Regarding the suggestions for a cheaper kitchen. In my current condominium, I installed a new kitchen five years ago. I haggled and bargained like in a bazaar, but no matter what I tried, it ended up costing 12,000 EUR. Of course, it is also possible with 5,000 EUR less, but then you probably only have base cabinets and not just drawers, and probably no corner cabinets either.

Regarding the plot in question. Unfortunately, it costs about 125,000 EUR here (600 sqm developed). The most recent information is that about 70 - 100 cm of filling is necessary. That will probably increase the ancillary building costs somewhat.

@kaho674
Are you serious that a fully tiled house with roller shutters/blinds and a wood stove is already a luxury house?

I will gather some more information and maybe also ask one or two more questions here, but at the moment it looks like it won’t work. It seems the only way to manage it is a cheap provider (is it allowed to mention names here?). There are providers who offer such a house for 120,000 EUR including painting. I have heard about that in the neighborhood. It was a few years ago, but the electrical installation was simply embedded in the wall insulation, no intermediate layer. If it has to be such a cardboard box, then rather not. If the reduction of construction costs is only achievable through quality, then that is definitely nothing for me.

In the budget, I have already included a reserve of 15%. No matter whom I have spoken to so far, with everyone the construction project has become 10 - 30% more expensive. That’s why I think you should not plan that from the start.

Looking forward to further opinions and best regards
Mutz

2013-11-18 22:02:49

@kaho674
Are you serious that a fully tiled house with roller shutters/blinds and a wood-burning stove is already a luxury house?

Haha, no! But tiling everything is much more expensive than, for example, laying laminate everywhere. And having roller shutters everywhere is simply more expensive than without. What I meant is that you want to build a "NO luxury house," but then you pack in all kinds of frills as standard that aren’t really inexpensive.

For comparison, we don’t have any extra money either. So we put the stove on ice for now, only took roller shutters downstairs (which was seriously painful for me), tiled completely as well—but took the material out of the contract because otherwise it would have been too expensive. So it seems your "NO luxury house" will already be better than my ordinary standard house, even though you want to spend less. And we live here in one of the regions with the cheapest craftsmen and plots...

So if you’ve been thinking about this for so long and you think it really can work, then I would compile the specific house wishes down to the last detail. Also do this for the plot—so foundation costs, etc. Have the forum members send you the expense items if they’re willing and compile everything that applies to you. Recently I even saw a construction blog somewhere with complete costs. Then maybe you’ll get a feel for what costs are realistic.

2013-11-18 23:18:33

Mutz, we asked ourselves exactly the same question: How do the others do it.

The Federal Statistical Office regularly publishes a construction price index, from which you can read that construction prices for residential buildings have increased by between 20 and 25% since 2005. Ask your colleagues when they signed...
We wanted to build for €200,000.... today I laugh at our naivety.

We compared several providers and spent a long time browsing forums and wrote down everything we found. The ancillary costs gradually became clear. We were still surprised, as you already mentioned, by an embankment. 80 cm was planned, in the end an average of 1 m. That fun surely cost €12,000.

We had kept €30,000 in reserve for ourselves for such eventualities. In the end, the money was gone and still no garage built ;)

You calculate far too tightly. A tiler charges between €40 and €80 per hour. And to tile an entire house with two good layers, it takes a week. Baseboards and silicone joints also cost money, which you don't see right away at the beginning. Having an entire house wallpapered and painted will cost you between €5,000 and €8,000. And so it goes step by step.

I don’t want to claim that you absolutely can’t build for this money, but you are taking an extremely high risk with it. Let’s say the construction company botches the job and saves on the right materials. After years you might find that your walls are damp or the wooden frame is rotting. Then it gets expensive. Or you start building, and the company issues one additional charge after another because they simply leave out expensive items from the contract or bill according to "consumption." You then run out of money and are left with an unfinished shell without plaster. Where do you get the necessary €15,000 to protect the house against wind and rain?

These are certainly worst-case and "construction botch" show scenarios. But they happen, and more often with cheap providers than with established ones.
And at the moment, the tradespeople simply dictate the prices.

2013-11-18 23:20:29

Recently I even saw a construction blog somewhere with complete costs. Then you might get a feeling for which costs are realistic.

Although not the house costs, but the ancillary construction costs from my construction blog:

Construction costs / ancillary construction costs
To note for those interested, what costs smart people expect, clueless people have to expect:

In planning / cost estimate
Tile upgrade + own work..............10000 €
Sanitary upgrade.............................................2000 €
Electrical upgrade...........................................4200 €
Electrical connection........................................1410 €

The own work has only just begun...

Moving company, storage, 10€/day............
Moving company, transport to new build...........
Holiday home for one month..............................990 €

Wow, a window in a Zapf garage would cost 441 €! Rip-off!!!

:)

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Is my budget sufficient? 210 thousand euros for a single-family house

kaho674

Hansi02

Mutz

kaho674

Der Da

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