Lumpi_LE
2018-09-03 09:35:02
- #1
I wouldn't paint such a bleak picture right away.
If you can only afford 1100€, that means in reverse that the rent currently doesn't cost more than 1100 either.
So living there is quite cheap, therefore the plots of land won't cost much either.
Maybe the father can contribute equity, there is always the option of "a lot" of sweat equity. I would build at least 180sqm with the family, but you can also get by with 120.
Buy an existing property?
However, I would say goodbye to the idea of "I let a developer build a 200sqm house + granny flat for me". Even if the land is given for free, the income is not enough.
If you can only afford 1100€, that means in reverse that the rent currently doesn't cost more than 1100 either.
So living there is quite cheap, therefore the plots of land won't cost much either.
Maybe the father can contribute equity, there is always the option of "a lot" of sweat equity. I would build at least 180sqm with the family, but you can also get by with 120.
Buy an existing property?
However, I would say goodbye to the idea of "I let a developer build a 200sqm house + granny flat for me". Even if the land is given for free, the income is not enough.