whoknows
2020-02-24 11:52:54
- #1
Hello everyone,
I follow various topics here on this portal more or less and I’m daring to jump into the ring myself.
A little about me, female, 30 years old, have been thinking about building for quite some time. Now I am lucky to have a plot of land from family ownership. The plot is about 500 sqm and was estimated by the bank and a local construction company at around €250,000 (+/-), here the land prices are really abnormal thanks to the SAP.
I currently earn €63,672 gross per year (13.5 salaries) but with a job change I will make a salary jump every 2 years (chemical industry collective agreement) -> target €85,000 gross. Since we still contribute internally to funds and a long-term account, my current net is €2,700. On the side, I also earn a bit through my small business as a photographer, which I am expanding and would only plan as reserves.
As equity through a daily allowance account and a building savings contract, I have an additional €60,000.
My fixed expenses like rent, electricity, mobile phone, internet, insurance, car amount to €1,000-1,100 per month, I save another €900 per month into my daily allowance account + building saver.
Over the weekend I received the offer from Fingerhaus for €366,000, the offer from the local construction company (solid construction) is still pending. So I calculate with incidental building costs and the outdoor area to be around €430,000. I know that managing such a sum alone is considerable, but because of the equity + land, I definitely think I would be creditworthy. Especially at the beginning, I would reluctantly want to pay more than a €1,100 installment. I am aware that I have to tighten my belt, but the desire for property is very strong and condominiums in our area also cost around €300,000 for 60 sqm on average. Do you find my plan totally unrealistic?
Please provide constructive feedback,
Best regards
I follow various topics here on this portal more or less and I’m daring to jump into the ring myself.
A little about me, female, 30 years old, have been thinking about building for quite some time. Now I am lucky to have a plot of land from family ownership. The plot is about 500 sqm and was estimated by the bank and a local construction company at around €250,000 (+/-), here the land prices are really abnormal thanks to the SAP.
I currently earn €63,672 gross per year (13.5 salaries) but with a job change I will make a salary jump every 2 years (chemical industry collective agreement) -> target €85,000 gross. Since we still contribute internally to funds and a long-term account, my current net is €2,700. On the side, I also earn a bit through my small business as a photographer, which I am expanding and would only plan as reserves.
As equity through a daily allowance account and a building savings contract, I have an additional €60,000.
My fixed expenses like rent, electricity, mobile phone, internet, insurance, car amount to €1,000-1,100 per month, I save another €900 per month into my daily allowance account + building saver.
Over the weekend I received the offer from Fingerhaus for €366,000, the offer from the local construction company (solid construction) is still pending. So I calculate with incidental building costs and the outdoor area to be around €430,000. I know that managing such a sum alone is considerable, but because of the equity + land, I definitely think I would be creditworthy. Especially at the beginning, I would reluctantly want to pay more than a €1,100 installment. I am aware that I have to tighten my belt, but the desire for property is very strong and condominiums in our area also cost around €300,000 for 60 sqm on average. Do you find my plan totally unrealistic?
Please provide constructive feedback,
Best regards