Building a house without equity

  • Erstellt am 2014-10-03 00:22:47

toxicmolotof

2014-10-03 18:26:14
  • #1
A side note on the topic "garbage truck driver". My brother-in-law, a trained car mechanic and now a garbage truck driver at the municipal waste disposal company, earns more gross with overtime and shift allowances than I do as a bank clerk with a university degree.
 

ypg

2014-10-03 20:54:22
  • #2


Allowances (and overtime) should not be used for comparison, as they are only financial compensation for the disadvantage of working hours.

But to the OP, LBO1987, even if you have now decided to postpone the house construction.
The ancillary construction costs, which lie with the builder, namely with you, are worth mentioning.
I see some gaps in the list, i.e., the BU did not tell you that some of the earthworks, for example, also need to be paid for.
I also wonder that, in your opinion, a relatively inexpensive house should have enough sockets... Our house has a good standard, yet we had to pay around 10,000 for some extras that we can’t even see yet. I can’t even enumerate them for you because some extra circuits, rainwater systems, platforms in the bathroom or in front of the house cost money.

The emergency fund of 10% of a construction project has already been sunk somewhere during the shell construction at every one of our neighbors.
 

klblb

2014-10-03 21:03:37
  • #3

my humble tips:

In the meantime, you can read various guides on real estate financing and house construction. There are some quite good books for beginners from consumer advice centers and Stiftung Warentest or Stiftung Finanztest.

Keep a household budget. That shows you the actual monthly needs.

Go to an independent financial advisor and not the one recommended to you by the builder.

Cut out luxury items like "2,000 euros for motion detectors and LED spots."

Keep your search ads for used properties on Immoscout and similar sites active. Maybe something interesting and financially suitable will still come up in the meantime.

And since you are Berliners: check the future flight routes of the new BER airport (insert any BER joke here). So you don’t suddenly end up living in noise.
 

derLeipziger

2014-10-04 07:56:35
  • #4
now it's coming back to haunt us, but oh well, at least you had a good time. 300k with about 900 €/month, you can only shake your head...
 

Masipulami

2014-10-04 08:06:01
  • #5
So with €300,000 you should already expect a rate of €1,500. However, that doesn't match the income or will at least be very tight. 1% repayment is, in my opinion, irresponsible for such a high loan amount.
 

lastdrop

2014-10-04 08:52:16
  • #6
Slowly no longer necessary to keep dwelling on it ...
 
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