Bauexperte
2012-06-18 22:21:53
- #1
Hello Matthias,
The base price (means?) just under €1,100.00/sqm – where do you end up with all the additions?
The base price (means?) just under €1,250.00/sqm – with the additions it already becomes more realistic
The base price (means?) just under €1,300.00/sqm – I have already written a bit about the rest.
Put differently – what good is a presumably “bargain” if later – when all additions, ancillary construction costs and extras are included – it turns out to be a market-standard offer, but you have already locked in the financing based on the upfront figures?
There are quite a few providers who only compete on price; to be fair, I must add that they are merely reacting to the market :rolleyes:
They offer a very simple house at a square meter price between €1,000.00 and €1,100.00 and thus attract "leads". Only upon closer examination of the building description does it become clear that this supposed bargain cannot really be considered as such, because the "eyecatcher" only includes a bit more than the closed shell. So additions are purchased and in the end the final selling price approaches market-standard conditions again. The problematic thing is that these providers proceed similarly with the typical ancillary construction costs. Sometimes they "forget" to mention that property transfer tax applies to both house and land, since there is an economic connection between the land seller and the builder. This can prove disastrous on a tight budget, as these items usually add up according to all experience!
As a layperson, you probably will not recognize this or only by asking a lot of questions and reading; in such cases, however, a visit to a new development area can be very helpful. Find one near you and go there on the "weekend"; there are always builders on site – certainly also from your 3 offers above – and if they can speak candidly (meaning no builder or salesperson nearby) you will generally get honest information. Furthermore, it is actually always advisable to have the complete contract documents reviewed externally before signing the construction contract!
Kind regards
So far I have three offers:
1. Nationwide mass provider:
Base price 153,400.00
Solar system, insulation, underfloor heating, controlled residential ventilation with heat recovery massive walls in the attic, shutters, triple glazing all extra again
The base price (means?) just under €1,100.00/sqm – where do you end up with all the additions?
2. Local developer A
The base price is approx. 173,550
Underfloor heating + 5,850
Central ventilation + 10,620
Possible shutters + 10,300
Solar system for hot water preparation + 4,820
The base price (means?) just under €1,250.00/sqm – with the additions it already becomes more realistic
3. Local developer B
As already described in the first post.
All inclusive for 180,000
The base price (means?) just under €1,300.00/sqm – I have already written a bit about the rest.
Where do the additional costs arise later with the apparently "too cheap" offers or how can I recognize that?
Put differently – what good is a presumably “bargain” if later – when all additions, ancillary construction costs and extras are included – it turns out to be a market-standard offer, but you have already locked in the financing based on the upfront figures?
There are quite a few providers who only compete on price; to be fair, I must add that they are merely reacting to the market :rolleyes:
They offer a very simple house at a square meter price between €1,000.00 and €1,100.00 and thus attract "leads". Only upon closer examination of the building description does it become clear that this supposed bargain cannot really be considered as such, because the "eyecatcher" only includes a bit more than the closed shell. So additions are purchased and in the end the final selling price approaches market-standard conditions again. The problematic thing is that these providers proceed similarly with the typical ancillary construction costs. Sometimes they "forget" to mention that property transfer tax applies to both house and land, since there is an economic connection between the land seller and the builder. This can prove disastrous on a tight budget, as these items usually add up according to all experience!
As a layperson, you probably will not recognize this or only by asking a lot of questions and reading; in such cases, however, a visit to a new development area can be very helpful. Find one near you and go there on the "weekend"; there are always builders on site – certainly also from your 3 offers above – and if they can speak candidly (meaning no builder or salesperson nearby) you will generally get honest information. Furthermore, it is actually always advisable to have the complete contract documents reviewed externally before signing the construction contract!
Kind regards