Builders’ budgets are often planned down to the last euro. All the more dramatic when companies suddenly demand thousands of euros more during construction.
(Photo: IMAGO/Rupert Oberhäuser)
Dusseldorf For many people, building a house is the largest financial investment in their lives. Most builders tackle this project together with a general contractor or property developer. The providers promise a turnkey property at a fixed price. A tempting offer, after all, financial planning is also important with regard to real estate financing.
But construction contracts with a fixed price guarantee can be more expensive than expected. To protect themselves from unexpected additional costs, builders should watch out for certain pitfalls.
“Many consumers see a fixed price guarantee in the construction contract and think it offers them all-round, worry-free security. “That is not the case,” warns Florian Becker, managing director of the Builders’ Protection Association. For about a year and a half, building owners have been receiving frequent requests for price adjustments from building contractors.
House construction: Expensive building materials lead to higher prices
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