Buying a house - too expensive or can we afford it?

  • Erstellt am 2018-11-29 11:11:45

Fluffie

2018-11-30 09:44:42
  • #1


Central heating, gas
 

Fluffie

2018-11-30 09:50:24
  • #2


No, these are costs we once calculated. Could ask the owners about their current costs during the next viewing. Although I also doubt the truthfulness there. If they were burning 500€, they certainly wouldn’t tell a potential buyer about it. As for setting money aside. If I don’t put it into a house, what should I save for then? Sure, if you have more equity in a few years, you might have fewer worries. But right now 600 euros go into rent.

You should also factor in lamps and such, that’s true. I hope to be able to handle as many small things as possible through the family (many craftsmen who also partially renovated the houses themselves).
 

ypg

2018-11-30 10:10:00
  • #3


If you save 200€ every month, that’s round about 10,000€ in 4 years: do you get a new car for that? Rather not.
One thing is the costs you calculate yourself, the other are the costs imposed on you by the financing bank, i.e. the living expenses. That can differ. As far as I am informed correctly, the bank calculates with exactly those 500€, because they are more realistic. Including inspection, MOT and new car depreciation.

Again on the subject of age: I am also not a fan of too early commitment to a house.
Though that doesn’t matter regarding what I prefer.

But another note: it is always good, in the “young years,” to primarily invest in education. If I trust the previous speakers/your profile that you are 19 and have finished your training, then one can deduce that you did not do A-levels or university. Possibly, in 2 or 3 years you will realize that you can “become more” in your job if you can do further education through A-levels. Or the employer might consider offering further education where you would have to complete an advanced qualification. Of course, this could also be done at 30 or 40 years old, but what you do now is easier. What you already have now allows for more job opportunities, which of course also pays off financially later.
I would bring this thought into the game if I were you. Once you have bought the house, there is no financial possibility left to hit the books again. For me, the years until 25 are always the apprenticeship years that one should make use of.
 

Caspar2020

2018-11-30 10:10:43
  • #4


Everyone has to set their priorities for themselves.

For us, it is important that we can still go on vacation twice a year, for example (albeit fewer long-distance trips than before; but I don’t want to deceive with my parents who didn’t go on vacation for 5 or more years after building the house); also that the money still available afterward does not become a burden (so there’s no discussion about whether to buy only discount meat or also something from the farm nearby).

Although I keep a very detailed household budget; it does not burden me.

Homeownership is a luxury that comes with compromises. The vast majority pay more for their own home than before as tenants. And rent is not wasted money either because you get something in return and you are more flexible.
 

Fluffie

2018-11-30 10:34:48
  • #5

Yes, that's how I calculated it. My car is now almost 2 years old. I think if I sell it in 4 years, I can still get a bit for it.
My friend bought a Seat Mii right away and paid 11,000 for it. I’m already considering an Ibiza again. Depending on the situation, maybe no car at all. Currently, we still drive to different offices. If that changes, I’d rather save the money for possible repairs.

Regarding possible further education. I am very satisfied with my civil servant status; I don't feel the need to change that. If I had to, I would have to advance within the administration. For that, I would actually need the Abitur and would have to complete another 3-year training. That will definitely not happen. I dislike learning very much, and the theoretical training is in another federal state.
Therefore, I gladly forgo 6 years of further education to then earn about 300 euros more afterwards.
 

cschiko

2018-11-30 10:43:18
  • #6
Well, I would also see the whole thing somewhat critically, of course with civil servant status (is that already fully established?) that is a positive factor. What surprises me a bit is the net salary increase (?) of 300€ in 2 years, that should only fit with a reclassification.

But besides what has already been mentioned here, I would also throw into the room that as an unmarried couple when buying a house you should also arrange quite a bit additionally. You have to or should deal with the case of how things should continue if you do decide to separate. That should then preferably be regulated contractually. Then there is the question of how family planning is going? Because that is indeed quite a considerable financial cut.

By the way, when talking about 349,000€ and the 30,000€ equity capital, you are also talking about more than 100% financing, that becomes an issue and for me would much more be the factor to say: Better save a bit more and then take a look!
 

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