Hello,
It would be nice to specify it a little. Which expenses are included in the ancillary costs amounting to 35-40 thousand euros?
Typical ancillary construction costs that should be considered in every house construction/financing calculation:
1. Land
- 5% property transfer tax - varies by municipality
- possibly broker fees, approx. 3.57% of the land price – varies by municipality
- approx. 1.5% notary fees, calculated from the land price for 3 entries in the land register (1. preliminary notice of conveyance, 2. transfer of ownership, 3. entry of the mortgage)
2. Financing
- possibly advisory/closing costs for financing, approx. 1.5% of the total loan amount
- approx. 0.25% commitment interest, based on the loan amount
3. Construction preparation
- approx. €2,800-€3,200 surveying services (qualified site plans / height surveying / staking out / building surveying)
- provision of connections for construction water / construction electricity, approx. €6.00 - €8.00 rental for standpipe/day, approx. €300.00 rental for construction electricity meter plus consumption
- fees (for house number, drainage permit, building permit), approx. €1,000.00 – €1,500.00, varies by municipality
- builder’s liability insurance approx. €80 - €150.00/year, depending on insurance company
3. Earthworks
- removal of excess soil (normal soil conditions) for basement, approx. €1,500.00
- internal development (wastewater/stormwater pipes), approx. €2,500 – depending on pipe routing
- inspection shafts, soakaway or infiltration shaft, approx. €1,900.00 - €2,200.00
- reserve for foundation ancillary costs approx. €8,000.00 for soil replacement and/or similar
4. House connection costs
- electricity/gas/water/telecom, connection to the sewer system, approx. €8,000.00 - €8,500.00 - varies by municipality
5. Fees
- acceptance of the drainage pipe, approx. €150.00 - varies by municipality
- chimney sweep (acceptance of chimney / gas system – note fee charges twice), approx. €200.00 - varies by municipality
- cadastral office (transfer of surveyor’s data into the property map), approx. €150.00 – varies by municipality
Total approx. €35,000 - €40,000.00
THE REQUIRED FUNDS FOR FLOOR COVERINGS, PAINTING WORKS, AND OUTDOOR FACILITIES ARE NOT YET INCLUDED IN THIS LISTING!
Kind regards