With your expenses and income, I would draw a line under it; that looks solid to me. Do you have a clear idea of which daycare fees will apply? At least for us, that is shockingly high compared to our income.
What I haven’t quite fully grasped yet is your cost side from the construction project.
Fully developed plot means that all supply lines and a road must lead to your plot? For that, I would plan the full 30k. Your breakdown, where development ancillary costs and garden are included in the 30k, seems way too optimistic to me!
However, I am missing the detailed breakdown of ancillary costs. For us, that includes house connections, earthworks, surveying, energy consultant, paving work for driveway and terrace, carport and basics for the garden, and hopefully we will manage with the 50k we planned there. But it is already becoming tight. I haven’t seen this item specifically listed for you yet?
Then you need a buffer. My recommendation is 10% of the house price for additions and unforeseen costs, such as higher disposal costs, etc.
Depending on what is included in the 450k for the house, that can look good, but it can also get very tight.
Regarding ancillary costs, I probably need to sit down again.
In that context, maybe a word or two about the plot. It’s a row back, so not directly on the street. Therefore, about 15-20m of paving must be bridged. Correspondingly, a somewhat longer connection for sewer etc. What is included in the first rough estimate (the main contractor also knows the location of the plot) were sewer connection, electricity connection, telephone connection, earthworks, paving for the driveway, paving for a small terrace corner, a small base amount for the garden (regarding the garden we will probably be short based on what I have read so far) and a few smaller items --> In total about €35k.
The garage appears, for example, in a different place.
I have also been thinking about the buffer, especially how to deal with it (e.g., directly co-finance 5% even though you don’t yet know how it will be used or something like that)...
We still have to communicate 1-2 details to the main contractor and then it will be recalculated with more details. I will probably post an update here once that has happened.
Then I can also spread it out a little more comprehensively overall.
I find 30k for kitchen and furniture EXTREMELY little.
Kitchens in new builds rarely cost less than 15k. But then you have a cheap manufacturer with a normal particleboard countertop and simplest appliances. A bit of stone and a better hob and you’re at 20k.
So that leaves 10-15k for furniture, lamps, rugs, curtains, lamps, decorations,...
That sounds quite nice, but if you make a list of the needed things and research prices, you will find that you are far above that sum. Unless everything comes from Pogo and Ikea.
No hate, just a well-meaning tip that we have experienced ourselves.
So first of all, I absolutely don’t take it as hate ;-) That is well reasoned and reflects your experiences – so thanks for the input, that’s exactly why I’m here!
Regarding the kitchen, we have a pretty good connection. Both to the kitchen furniture manufacturer and to a well-known white goods manufacturer.
Through the kitchen furniture manufacturer, we can also get bath furniture, wardrobes, cupboards, and dressers directly.
I gladly take the note about “other” furnishings. I think especially the seemingly small stuff, like curtains, decorations, here and there a rug, really devours more than you think. Even though we currently say: Furnish rudimentarily first, bring as much as possible from the apartment, and the rest will come bit by bit.
Here and there a curtain is quite nice after all ;)
As always, thanks to you all!