Realize house construction financing or let it fail?

  • Erstellt am 2021-07-20 20:46:51
B

BauherrFranken

2021-07-20 20:46:51
  • #1
Hello,

our planning phase was prolonged due to the construction workload. We have had the building permit for half a year now, and since then prices have practically gone through the roof. Based on a tender by the architect, we only have one offer per trade. Altogether, we no longer have a feeling whether everything is still realistic.

Attached are the details:

Object:
New build single-family house, plot 750 sqm, rural, 198 sqm living space
Solid construction, basement, double garage, KFW55 (standard), air-to-water heat pump, no photovoltaic, nothing.

The plot was paid from own funds (130 TEUR).

Plans for the house including architect, exterior facilities (50 TEUR), kitchen (20 TEUR), other incidental costs (20 TEUR) according to the last estimate 805 TEUR. That already blows our minds a bit.

We: married couple (40 and 37 years), one child.

She: civil servant, currently part-time, after deduction of the private life insurance 2,000 EUR net.

I: business economist, 3,200 EUR net (switched to tax class 5 due to planned second child)

Financing:

Further equity contribution (in addition to the plot, all self-saved): 220 TEUR

Loan amount: 585 TEUR

We wanted to afford approx. 2,000 EUR annuity rate.

No buffer is included in the calculation. If necessary, I would have to cancel life insurances.

We are both fundamentally solid people. Is this still solid?
 
O

Oetzberger

2021-07-20 21:29:41
  • #2
Really tough how prices have developed, especially in rural Franconia.

We built about 200m2 without a basement for four people, and everyone who visits us just says "you're crazy, why do you have such a huge house." And similar gossip is spreading in the village... And the people are right, the place is really somewhat large :-)

So, 200m2 plus basement is a hobby if you have the money, and definitely not because you need it. I would rather recommend 160 to 180 m2 without a basement, or 120 to 140m2 plus basement (in case of a hillside location).

Mathematically, the just under a million for the entire project might even be represented for you. But why slave away just for the house? Especially for a size you really don't need?
 
B

BauherrFranken

2021-07-20 21:35:47
  • #3
Maybe that is even the right answer. Although we would have lost a lot of time, maybe we should really start completely from scratch again and plan much smaller.
 
O

Oetzberger

2021-07-20 21:44:12
  • #4
I didn’t follow along with you, where did the desire for such an area come from?

I find the price you guys are asking crazy, but still. With a comparable plot price, similar area, slightly higher equipment, and similar surroundings around the house, we ended up 300k cheaper in the final calculation a year ago. The basement accounts for a maximum of 100k of that.
 
A

Acof1978

2021-07-20 21:57:09
  • #5


Maybe three people shouldn’t necessarily build almost 200 sqm? Isn't 160 without a basement completely sufficient? We are also three people and are building just under 140 sqm bungalow without a basement and without a garage. Costs are at 494,000 € (KFW 55, fireplace, 13kwp photovoltaics, controlled residential ventilation, 10 sqm rainwater cistern, 25k landscaping, without kitchen, etc.).

For fundamentally solid people, you have high requirements regarding living space.

You have had the building permit for half a year and only want to start now? How come? We have been waiting for the building permit for 7 months and are long done with planning and sampling.
 
Y

ypg

2021-07-20 22:04:00
  • #6

I can understand. Such wishes always knock me off my feet:

I already wrote it in the parallel thread: many people here choose the smaller house, and without a basement. Where do these wishes come from, which are really quite something..?
Your capital is great. But do you have to overdo it with the square meters?
 

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