Own contribution to building a house: is it worth it?
The personal contribution to building houses is misjudged by many people. They are convinced that they can save several thousand euros if they lend a hand. While this is not wrong, some criteria must be met to accomplish this. The following article gives a critical look at self-service, for whom it is appropriate, and who would rather leave house-building to a construction company.
Tight fund leads to more in-house performance
Private builders are often forced to turn over every euro. If the money is not enough, but the dream of a home still has to be fulfilled, then you have to tackle it yourself. In times of economic crises and stingy banks , this motto is even more valid. In the financing plan, the planned own work is listed as equity.
The classics of the Do it yourself -Agenda include: wallpapering and painting work, laying tiles and flooring as well as making outdoor facilities. With good intentions, the client wants to realize his home despite a tight cash register. The good intentions quickly flow into wishful thinking, the in-house achievements become a fiasco.
Home builders should not overestimate themselves. If you build yourself, you not only need know-how, but above all a lot of time. Anyone who takes over and hurries, not only risks delays, but also bungles on the construction, which can later be really expensive, because the mistakes must be a professional repair costly. Further consequences: The costs of Interim financing are rising, the financial ruin threatens. In addition, Baupfusch often argues: who is guilty, the builder with his own contribution or the construction company?
What can be saved by own contribution actually
The Association of private builders makes a sample bill: Who in Bavaria's capital, a terraced house with three Floors including basement and 140 square meters of living space, can save only € 25,000 with pure construction costs of € 275,000 with own contribution . That sounds very good at first glance, but the savings are associated with other costs. In order to save so much, builders would have to work around 850 hours on their own construction site. This corresponds to a working time of half a year and an hourly wage of 30 euros. It still sounds tempting, but the 850 hours are not self-sufficient. No one can abandon his job for half a year. Laymen are also lacking the routine. The right tool must also first be purchased or borrowed, which results in further costs. Self-construction can not be accomplished without the help of friends or family.
Another Problem: Accident Insurance
One problem many builders ignore or simply do not know about is insurance. The professional association of the construction industry registers around 400 accidents each year by non-professional helpers. Deaths are not uncommon. Each helper must therefore be covered by a construction helper insurance. This insurance will cover the treatment costs in case of damage. In addition, she pays a life pension from a reduction in earning capacity of 20 percent. There are other bonds for the client: The project on the construction site must be reported to the BG Bau.
By the way : Who builds his house completely alone, requires a builder's liability insurance, which protects the home builder from all possible consequences
What services can developers ultimately undertake on their own?
Not every job is suitable for DIY. Without much knowledge, builders can create their own garden. This can save up to 45 hours or 2,200 euros. Even wallpaper and paint is worth it. For this, a professional needs 125 to 190 hours, which corresponds to about 7,800 euros. Below is an overview of the work that can be done by experienced and less experienced craftsmen:
Working for Less Practiced Handyman
- Painting and Wallpapering
- Laying Laminate Flooring
- Laying Tiles
- Drywalling (trowelling and sanding) Rigips panels)
- Creating outdoor installations
Working for experienced DIY enthusiasts
- Structural work, which takes a long time and therefore also expensive
- Experienced craftsmen can install windows, doors and stairs
Work for do-it-yourselfers Professionals
- real professionals can take care of the heating and plumbing installation
- who knows really well, can also take care of the electrical installation
Even inexperienced builders can lend a hand in recent work, but do not perform this themselves but support the craftsmen. This can potentially save money.
If you still want to go through a large part of the construction project yourself, you should take special courses prior to starting construction . Different companies offer home improvement workshops that help builders enhance or refresh their knowledge.
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