HilfeHilfe
2018-06-18 18:36:55
- #1
Yes, we are ready for that. Admittedly, we switched late from "why save?" to "we save whatever is possible" – but why is it no longer trusted that one can maintain this approach in "old age"? Our life goals have changed, so our consumption behavior changes as well. Until now, it simply wasn’t necessary to manage things differently.
Ideally, of course, now (or in 1 or 2 years) to find a small house where the installment plus additional costs do not lead to significantly higher monthly expenses than our current rent – logically, then we just won’t be able to save as much as we are now.
The desire for a house was triggered not only by the (actually still hardly noticeable) wish to have children but ALSO because, although we live in a newly built apartment with very good insulation etc., we would rather be completely on our own. But – do I really have to explain here what the advantages of a house are compared to a rental apartment?
That makes me feel positive. If we don’t find anything now (the terraced mid-terrace house is basically off the table because of the characteristic “condominium in house form” with an administration that must approve every purchase/sale), every month we continue renting is a month where equity can be built up.
Great post, thanks. I’ll start from the bottom and work my way up.
So first an anecdote: For the reason that low house fees can also be a risk, we backed out of a condominium a while ago. The building in which the apartment was located had just been converted into a building with 3 condominiums shortly before. The apartments on the first and second floors were freshly sold; the apartment on the ground floor interested us. What stopped us? The broker’s statement about house fees, reserves, etc., that one simply had to agree with the other new owners, who were nice young people in their mid-20s. Hmm, no, that was too uncertain for us.
We know what would make us happy in a house. For example, I grew up like that and know and appreciate the comfort a house brings (and also know the effort).
Trying to keep up with others is really not our motivation. Yes, there are couples who own property, but the majority in our circle of friends rent AND are (still?) childless. Even fewer are married than have children.
Comfort, garden, fewer to no neighbors, no rent in retirement, space, etc. are clearly the predominant reasons. And yes, I am aware that you always invest money in a house, so living there in old age is not completely free. I see that with my parents. But their maintenance costs have always remained within a manageable range, despite living in an old building.
I honestly did not expect in my first post that I should explain our reasons for buying in more detail.
What I meant by the lacking or lower unplanned costs only referred to a new build. Or am I wrong in thinking that you only have to start calculating a new
- roof
- heating system
- windows
later with a new build than with an existing house?
Yes, Dr. Klein knows this is property under condominium law because they also arranged the financing for the current owners. The info became clear when we provided the data.
Of course, you are right that the exact clothing costs were missing in the calculation.
Wait. I PAID for my cars in cash. The credit for the car is for my boyfriend’s car. Why exactly he has a different financial background than I do is really private and irrelevant to this question. But even experts have not agreed yet on which way of financing a car is better. Is it better to pay off the car monthly or rent it (via leasing), or pay it all at once? You always have depreciation and ongoing costs.
I hope I was able to clarify this a bit with this post.
Wrong. Please do not draw false conclusions. As explained, the majority in our circle of friends do not own property.
Then you should coordinate better with your boyfriend regarding finances if you don’t know about the car situation. It makes a difference whether you take out loans for a car or for an apartment/house. If you have children, he will presumably be the main earner. There should be trust there. You also haven’t really understood the pros and cons of a condominium and a homeowners’ association. House fees correspond to the ancillary costs in rent. Yes, you have to agree or will be agreed upon (property management). Basically, what you overpaid you get back once the operating year is accounted for. Reserves are set aside for future repairs. That is an exception, though, and you should also do that with a house. Or do you think your employer pays for heating repairs?