Building a house without equity - is that possible?

  • Erstellt am 2019-08-26 16:39:19

Pumbaa

2019-08-26 17:47:18
  • #1
You can already build up solid equity of €1500-2000 every month based on the numbers you mentioned. And if you don’t have a specific plot of land yet, something will surely come together quickly until it gets serious.
 

alexxenia4816

2019-08-26 17:47:25
  • #2


Since a factory change is not a MUST, I would like to plan my future here.
We are currently putting the remaining €2,200 aside – that's not the case otherwise.
The €800 cars are rental vehicles.
 

Bookstar

2019-08-26 17:49:35
  • #3
So currently you cannot build. Without equity, it is not possible, and you first have to familiarize yourselves with the subject matter. This can take a good 2 to 5 years. Then you will also have proper equity at the start of construction.

Conclusion: nothing will happen in the next 5 years.
 

alexxenia4816

2019-08-26 17:49:39
  • #4


Yes, we are already doing that. But when the most optimal offer is available, I would like to know how it can work at that time regarding 100% financing. Because I don't want to plan any equity at first.
 

alexxenia4816

2019-08-26 17:51:42
  • #5


Let's assume we find a good existing property where the house costs about €350,000-410,000 (+additional costs) – how realistic do you see a full financing then?
 

Tassimat

2019-08-26 17:52:18
  • #6
Again, even for a 100% financing, equity is required!
 

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