Landu
2015-05-22 20:52:38
- #1
Hello everyone,
I registered here hoping to finally get some tips for my own home. Unfortunately, my personal environment cannot help, as none of them own a home. If I write nonsense, I apologize.
I am currently looking for a home. However, my equity is not yet enough to afford a single-family house. I am considering whether I should soon buy a plot of land and then build a single-family house on it in about 3 to 5 years.
My personal situation is as follows
Monthly fixed costs:
About €1000.
Monthly income:
About €3200, of which €2600 is salary and a little over €600 travel expenses every month. The travel expenses are fixed every month because I am always at the client’s.
Liabilities:
I currently still have my car. I owe about €8500 on it. However, I have already saved €6000 and plan to pay off the car in 4 weeks with the next salary.
Equity: €20,000 available.
I can save about €2000 every month. No new purchases are planned.
Why do I want a plot and want to build later? I want to benefit from the currently low interest rates. And my monthly savings would enable me to pay off the plot relatively quickly. Currently, I have one in sight with 350 m² for €119,000. What other costs would come up there?
Anything else? How do you find the idea? I would really be grateful for tips.
Best regards
I registered here hoping to finally get some tips for my own home. Unfortunately, my personal environment cannot help, as none of them own a home. If I write nonsense, I apologize.
I am currently looking for a home. However, my equity is not yet enough to afford a single-family house. I am considering whether I should soon buy a plot of land and then build a single-family house on it in about 3 to 5 years.
My personal situation is as follows
Monthly fixed costs:
About €1000.
Monthly income:
About €3200, of which €2600 is salary and a little over €600 travel expenses every month. The travel expenses are fixed every month because I am always at the client’s.
Liabilities:
I currently still have my car. I owe about €8500 on it. However, I have already saved €6000 and plan to pay off the car in 4 weeks with the next salary.
Equity: €20,000 available.
I can save about €2000 every month. No new purchases are planned.
Why do I want a plot and want to build later? I want to benefit from the currently low interest rates. And my monthly savings would enable me to pay off the plot relatively quickly. Currently, I have one in sight with 350 m² for €119,000. What other costs would come up there?
[*]Notary
[*]Land register entry
Anything else? How do you find the idea? I would really be grateful for tips.
Best regards