Purchase price and construction project realistic? How to compare?

Hello everyone,

As newcomers, we need your tips. We have our eye on a plot of land with a building obligation. The construction company has now given us the costs, but we have no idea if the price is okay or too expensive. How do you proceed? Online prices are always somehow better. So this is what the offer looks like:

Solid house in the style of a town villa, detached with a hipped roof, wrisser plaster 180 sqm without a basement (you can also build smaller with a basement for the same price) With carport (one parking space) Turnkey

The price should be around 400,000 Eur excluding additional costs. Is that too expensive now? Who can help here? Unfortunately, we have no option to get other offers because of the building obligation. Thank you in advance!

Hello Ricki,

you can't say it like that.
The price corresponds to 2222 euros per sqm of living space plus additional costs. For that, I would expect a very decent equipment.
However, you haven't told us anything about the equipment.
It's like me asking here whether 60,000 € for a new, red car that is 4.5m long and 2.3m wide is okay.

The price seems realistic in any case, unlike the prices you often see online in advertisements/brochures.

So you should take a close look at what is included in the price. Earthworks, base slab, which insulation standard, windows/doors, heating, floor coverings, ventilation, electrical equipment, etc.
Only then can you start comparing concretely and assessing whether the price is good or bad.

EDIT: You would have to deduct the carport from the 400,000, so the price per sqm will be below 2222.

Otherwise, you can roughly plan an additional 30,000 € for ancillary costs and at least another 20,000 € for exterior facilities if none of that is included.

Should the [400000] already include the purchase price of the land – or is that extra? How much would a comparable plot of land in the area roughly cost?

Hi! Thanks for your answers.
That is of course true, some information is still missing.

The carport will be added to the square meter area. By the way, it is calculated at 18,000 EUR. When I googled online, I found cheaper carports, but those are of course online prices...
The equipment is classified as upscale. The construction company says they use high-quality materials (which we can never verify anyway).
For an extra 15,000 EUR we get a water pump for heating, otherwise gas is included in the price.
Windows and doors, etc. are all included. Actually everything, except for the kitchen and floor coverings, although tiles are also included (50 EUR/sqm). Of course, if you want a window front now, that will be added.
The ancillary costs are stated as 65,000 EUR. For example, earthworks are also included in this.
We can buy the plot separately; unfortunately, all the plots there are expensive. Around 750 EUR/sqm. But we can’t change that.

I hope the info is clearer now.

Thanks to you.
Best regards

I hope the information is clearer now

Not necessarily. Of course, the house is offered with roof and windows, but the construction service description counts. Any trade can be done cheaply or solidly expensive. You have to see what your offer includes. Roof: clay or concrete? With or without painting work? ... on roof overhangs? 1 or 2 outdoor faucets? From which brand? Basically, you have to see what still needs to be done on site. What about the incidental construction costs? How does the offer compare externally to other house builders? And what else should the builder do besides turnkey? Floor coverings? Painting? I mean, a bargain is something else, after all, you have to pay real estate transfer tax on the house (and the land anyway). I’d say: it’s a basic offer like any other, expansions come in top, possibly incidental construction costs, and so on and so forth. You’re now summarizing it all in one paragraph... And like any offer, this one should be checked and compared.

Oh dear, so I think we still need to have some questions answered by the construction company. Maybe it makes sense to have the offer reviewed by an architect or construction consultant? Or who does something like that?