Galdan
2012-04-17 14:21:37
- #1
Hello everyone,
my girlfriend (24) and I (27) also want to realize our wish for a home of our own. Especially because of the low interest rates on loans, we want to start the construction project now and not wait any longer until we have saved up more equity.
Net income "her": €2250
Net income "me": €2250
Total equity: approx. €100,000
Roughly estimated financing requirement: €400,000 (or possibly €450,000)
Basically, we both earn 13.5 or 14 monthly salaries respectively. These are not yet included in the above figures. The same applies to "her" profit participation, which for example was €4,000 net last year.
We would largely pay these off as special repayments at the end of the year. Possibly partly also use them for a vacation or to settle other bills, etc.
Basically, it is also under discussion to possibly have a child, but with "her" explicit wish to work full-time again after one year of parental leave (daycare, grandparents, ...).
From your point of view, is this financing manageable?
Now a few details about the construction project itself:
Plot (not a specific one yet) 500m² at €330/m²: €165,000
Regarding the house, I have no idea yet what it "may" cost. The following ideas we have:
That should be "about" it :-)
Of course, all ancillary building costs still have to be added.
Does this roughly reach the planned €500,000 or €550,000?
I don’t want to calculate right at the very limit.
Thank you very much for your help!
Best regards
PS: Because it is relevant due to property tax and wages: we are from Bavaria.
my girlfriend (24) and I (27) also want to realize our wish for a home of our own. Especially because of the low interest rates on loans, we want to start the construction project now and not wait any longer until we have saved up more equity.
Net income "her": €2250
Net income "me": €2250
Total equity: approx. €100,000
Roughly estimated financing requirement: €400,000 (or possibly €450,000)
Basically, we both earn 13.5 or 14 monthly salaries respectively. These are not yet included in the above figures. The same applies to "her" profit participation, which for example was €4,000 net last year.
We would largely pay these off as special repayments at the end of the year. Possibly partly also use them for a vacation or to settle other bills, etc.
Basically, it is also under discussion to possibly have a child, but with "her" explicit wish to work full-time again after one year of parental leave (daycare, grandparents, ...).
From your point of view, is this financing manageable?
Now a few details about the construction project itself:
Plot (not a specific one yet) 500m² at €330/m²: €165,000
Regarding the house, I have no idea yet what it "may" cost. The following ideas we have:
[*]high-quality fittings (so nice tiles, nice parquet, nice sanitary fixtures; but nothing absolutely overpriced, good value for money)
[*]180m² living space
[*]ground floor: living/dining room; open kitchen; WC; pantry; entrance area
[*]upper floor: children’s room; children’s bathroom; office; bedroom; dressing room; parents’ bathroom
[*]basement: utility room; laundry room; 1 or 2 "hobby rooms"; one hobby room might become my office if a second child arrives
[*]parquet flooring in every room except the two bathrooms and basement
[*]solid house (I was thinking of Poroton T9 with insulation)
[*]KfW70 or better
[*]geothermal heat pump (surface collector or probe)
[*]double garage (with motorized door and some space for garden tools and bicycles)
[*]possibly solar system for hot water heating
[*]front door with fingerprint scanner (I like technical gadgets)
[*]controlled ventilation with heat recovery
[*]underfloor heating on ground and upper floors
[*]triple-glazed windows
[*]blinds everywhere (in the parents’ bedroom electrically operated, ideally with a timer)
[*]terrace
[*]simple garden
[*]simple basic shape, e.g. 10m*10m
[*]large windows
That should be "about" it :-)
Of course, all ancillary building costs still have to be added.
Does this roughly reach the planned €500,000 or €550,000?
I don’t want to calculate right at the very limit.
Thank you very much for your help!
Best regards
PS: Because it is relevant due to property tax and wages: we are from Bavaria.