kati1337
2020-07-05 09:45:20
- #1
35,000 utilities costs seems a bit tight to me, but it also depends on what exactly you include in that.
You can calculate the ancillary costs of the land purchase quite accurately for your federal state. The notary fees were about 2% for us. It varies between 1.5-2.5%.
Other costs include:
- House connections (electricity, water, gas?, telecommunications?, fiber optic?, multi-utility house entry?)
- Site plans
- Building notification / building permit
- Chimney sweep?
- Construction water
- Construction electricity
- Insurances (builder's liability insurance, construction all-risk insurance, fire on the shell construction etc.)
- Possibly connections for wastewater and rainwater
- Surveying costs
- Possibly KFW consultant (if you are building a KFW house)
Also to consider:
- Garden
- Paving work
- Painting work
- Moving
- New furniture
- New kitchen
The challenges we ran into (similar amount of equity):
- Kitchens are often excluded by the banks. You can finance them too, but then you have another installment to pay with only 1.5 salaries. Not so good. Kitchens often cost 13,000-20,000€.
- We initially completely ignored the garden because we didn’t want to borrow more money; that will have to wait. At first, we will have a lot of lawn.
- Painting work can be done yourself, but it’s not easy even on parental leave. How do you keep a baby occupied on a construction site for several hours? We are really struggling with that and are considering hiring a professional painter after all. That can vary. I think it’s realistic to expect five-figure costs. Either you have a reliable babysitter/grandparent, or doing it yourself will be harder than expected.
You can calculate the ancillary costs of the land purchase quite accurately for your federal state. The notary fees were about 2% for us. It varies between 1.5-2.5%.
Other costs include:
- House connections (electricity, water, gas?, telecommunications?, fiber optic?, multi-utility house entry?)
- Site plans
- Building notification / building permit
- Chimney sweep?
- Construction water
- Construction electricity
- Insurances (builder's liability insurance, construction all-risk insurance, fire on the shell construction etc.)
- Possibly connections for wastewater and rainwater
- Surveying costs
- Possibly KFW consultant (if you are building a KFW house)
Also to consider:
- Garden
- Paving work
- Painting work
- Moving
- New furniture
- New kitchen
The challenges we ran into (similar amount of equity):
- Kitchens are often excluded by the banks. You can finance them too, but then you have another installment to pay with only 1.5 salaries. Not so good. Kitchens often cost 13,000-20,000€.
- We initially completely ignored the garden because we didn’t want to borrow more money; that will have to wait. At first, we will have a lot of lawn.
- Painting work can be done yourself, but it’s not easy even on parental leave. How do you keep a baby occupied on a construction site for several hours? We are really struggling with that and are considering hiring a professional painter after all. That can vary. I think it’s realistic to expect five-figure costs. Either you have a reliable babysitter/grandparent, or doing it yourself will be harder than expected.