AnSe2019
2019-01-02 15:15:58
- #1
Hello everyone. My husband and I want to realize the dream of owning our own home despite the currently high construction costs. We were very lucky to get a municipal plot (650 sqm, costs including ancillary purchase costs and development were about 82,000 euros).
Now about capital and income:
50,000 still have to be paid for the plot, the rest (32k) was paid from equity.
Additional equity 15,000 euros as well as EL ("Muscle mortgage") 10,000 euros.
There is still a buffer for furniture, kitchen.
So a total equity of 47,000 euros. (I don’t know if the so-called personal contribution is included in that)
Income: He, civil servant net 2,600 euros (PKV is already deducted from this)
I, permanently employed in the public sector net 2,300 euros. As soon as children come and I work part-time, I will earn about 1,400 euros.
Expenses: cold rent 860 euros / warm 1,010 euros.
Groceries, electricity, mobile phone, TV, GEZ together 600 euros.
2 cars together monthly including fuel 400 euros.
With our two salaries, we are currently doing very well and still saving for the house.
Financing: property value according to the bank including the plot is 447,000 euros.
With a term of about 30 years, it will be a monthly rate of about 1,400 euros plus building reserves for special repayments. We calculate additional house costs (gas, electricity, insurance, garbage, etc.) 500 euros monthly besides the rate.
Now to the actual question or your assessment ;)
Would you dare to afford this monthly rate (rate alone 1,400) plus recurring fixed costs with a future net total income of 4,000 euros (when children come and part of my salary is lost)? I know this is very individual and depends on the standard of living. According to calculations, it should work for us, but we are currently not yet homeowners and can only plan and hope that this is somewhat realistic. We also have no children yet and can only estimate this, but we will only know how it is with children when they are here.. maybe some have experience and can give a tendency of how he/she feels about the whole thing.
Maybe someone with a similar salary shares what he pays and how he manages it.
Right before signing, you do sweat a bit ;)
P.s. it should just be a friendly exchange of opinions.. whether we dare to do it, we of course have to decide for ourselves, that is clear to us.
Best regards
Now about capital and income:
50,000 still have to be paid for the plot, the rest (32k) was paid from equity.
Additional equity 15,000 euros as well as EL ("Muscle mortgage") 10,000 euros.
There is still a buffer for furniture, kitchen.
So a total equity of 47,000 euros. (I don’t know if the so-called personal contribution is included in that)
Income: He, civil servant net 2,600 euros (PKV is already deducted from this)
I, permanently employed in the public sector net 2,300 euros. As soon as children come and I work part-time, I will earn about 1,400 euros.
Expenses: cold rent 860 euros / warm 1,010 euros.
Groceries, electricity, mobile phone, TV, GEZ together 600 euros.
2 cars together monthly including fuel 400 euros.
With our two salaries, we are currently doing very well and still saving for the house.
Financing: property value according to the bank including the plot is 447,000 euros.
With a term of about 30 years, it will be a monthly rate of about 1,400 euros plus building reserves for special repayments. We calculate additional house costs (gas, electricity, insurance, garbage, etc.) 500 euros monthly besides the rate.
Now to the actual question or your assessment ;)
Would you dare to afford this monthly rate (rate alone 1,400) plus recurring fixed costs with a future net total income of 4,000 euros (when children come and part of my salary is lost)? I know this is very individual and depends on the standard of living. According to calculations, it should work for us, but we are currently not yet homeowners and can only plan and hope that this is somewhat realistic. We also have no children yet and can only estimate this, but we will only know how it is with children when they are here.. maybe some have experience and can give a tendency of how he/she feels about the whole thing.
Maybe someone with a similar salary shares what he pays and how he manages it.
Right before signing, you do sweat a bit ;)
P.s. it should just be a friendly exchange of opinions.. whether we dare to do it, we of course have to decide for ourselves, that is clear to us.
Best regards