Our Construction Project - Our Financial Situation

... In financing discussions, I have not had the impression so far that these risks are really specifically addressed, ...

4. About the planned construction project:
Plot: 110,000 euros including real estate transfer tax and notary fees (approx. 500 sqm)
House construction: 330,000 euros (approx. 172 sqm, solid construction, no basement, 2 full floors, painting and flooring work already included)
Additional construction costs: 50,000 euros (realistic? - The plot is fully developed, but the development work on the plot still needs to be done and paid for)
Double garage: 15,000 euros
Outdoor facilities: 20,000 euros
Kitchen: 15,000 euros
Total here is 540,000 euros

We are building in the Cologne region. The mentioned house price comes from an offer we have for the region

The banks partly can't do that either, because they don't have the crystal ball lying on their desk either. But your situation is – as already mentioned – well thought out and basically a solid foundation.
Have fun planning!

Hello,

Assuming we are talking about a classic gable roof, the following investment should result - with a reasonable construction description and a reputable provider:

Single-family house, KfW 70 on slab foundation: approx. EUR 275,000
Painting work with contract award and textured wallpaper: approx. EUR 12,000
Floor coverings with contract award and material value €30.00: approx. EUR 14,000
Double garage as a prefabricated garage 6.00 x 6.00 m: EUR 12,000
Outdoor facilities with medium equipment: approx. EUR 16,000
Additional building costs: EUR 35,000
Reserve for extras: EUR 10,000
Kitchen: EUR 15,000

All in approx. EUR 389,000 plus land EUR 110,000 = approx. total investment EUR 499,000 plus any special requests, such as finishing the attic (depending on knee wall and roof pitch), brickwork or similar. It also depends on where in the Cologne region you want to build. There may be noise protection requirements for you, but also additional foundation costs; some areas require extra expenditure for earthworks.

Rhenish greetings

The banks can't always do that either, because they don't have a crystal ball lying on their desk.

Since we are building according to KfW55 with a heat pump for underfloor heating and hot water as well as photovoltaics, we do not expect inhumanly high additional costs and electricity bills.

Hello,

Assuming we are talking about a classic gable roof, the following investment should result - with reasonable construction description and a reputable provider:

Single-family house, KfW 70 on ground slab: approx. EUR 275,000
Painting work when commissioned and textured wallpaper: approx. EUR 12,000
Floor coverings when commissioned and material value €30.00: approx. EUR 14,000
Double garage as a prefabricated garage 6.00 x 6.00 m: EUR 12,000
Outdoor facilities with medium equipment: approx. EUR 16,000
Additional construction costs: EUR 35,000
Reserve for extras: EUR 10,000
Kitchen: EUR 15,000

All in approx. EUR 389,000 plus land EUR 110,000 = approx. total investment EUR 499,000 plus possible special requests, such as the expansion of the attic (depending on knee wall and roof pitch), clinker bricks or similar. It also depends on where in the Cologne region you want to build. On the one hand, sound insulation requirements may apply to you, but also additional foundation costs; some areas require extra expenses for earthworks.

Thank you for the information - it is an urban villa with a hipped roof, 25° roof pitch without an expanded attic.