Can an average family afford a single-family house at all?

2016-08-03 08:24:05

A family with the German average income. Currently about €4,000 net.

The typical working-class family would probably be happy to receive €3,000.

But that is a topic that one could discuss for years without ever reaching a conclusion.

You can assume there are more 3 than 4+.

Regarding the initial question. An "average family" can certainly afford a roof over their head. For all other dreams of ownership, compromises have to be made. Whether it is enough for a single-family home in a good location is difficult. If prices have risen by 20% in recent years, and the income situation remains tense, then you can already see here that the gap is getting larger and larger.

2016-08-03 08:57:47

I also think that looks pretty good. Civil servant + good equity + good income! Of course, a single-family house is possible.

Regards, Steffen

PS: "Nobody needs the big 250sqm dumps from the 80s anymore" not so generalized please I actually need 300-400sqm... and I also know many who could easily live in these spaces... If you've ever been in a 130sqm living room with a lowered huge sofa, you think differently

But it still depends on whether you have to clean/manage the house completely yourself. Otherwise, at the latest when the kids have moved out, you ask yourself, do I still want to clean 300m² at 60?
And btw, even if I had the money for a cleaning lady, housekeeper, and nanny, I wouldn’t want that.
I once visited a fairly wealthy family (world champion in a popular sport) for a week; I didn’t want to live like him!

2016-08-03 09:05:47

Good evening,

Whether you can manage this financially can be explained by the financial geniuses here. The construction project will cost approximately with monolithic construction:

550 sqm plot: €132,000
Single-family house according to Energy Saving Ordinance: €256,000
Covered terrace: approx. €7,000
Controlled residential ventilation with heat recovery: €13,000
Painting work/floor coverings in EL: €20,000
Ancillary construction costs: €40,000
Reserves for extras: €10,000
Outdoor facilities in EL: €10,000 (only the essentials)
Finished garage 3.00 x 9.00 m: €12,000 (including strip foundations and sectional door)

All in estimated: €500,000

Rhine greetings from on the road

Hmm, when I see your calculations, we probably should never have built or has building become about 20% more expensive in the last 3 years?

2016-08-03 09:50:30

René, things still seem to be a bit cheaper here in Saarland

2016-08-03 09:54:26

Hello

here is my two cents. (apparently I am not the average user here)
You can pay for the plot with equity. Your house will cost about 360,000 euros. You have to finance that. Currently, you can get a loan for about 1.5% fixed for 20 years. So 5,400 euros interest per year. 450 euros per month. That is the rent for the house. The repayment is the piggy bank.
Even now we have a slight inflation. It will pick up again at some point. And the price for a plot or house will continue to rise.
My plot, bought in 2005, is now worth more than double.
So, what are you waiting for?

Steven

2016-08-03 09:56:06

Where incomes are above average, prices overheat. Yes, one has a very good income, but it is eaten up by the loan amount. There are also several studies showing that it is not worth buying property but rather renting.

We have also moved out of FFM and I commute. Due to family reasons but also because we can't get the prices "in the countryside" anywhere near those in FFM.

And the prices keep skyrocketing. Wages/salaries not in the same proportion.

Similar topics
17.04.2016	Value of land and bungalow B55	11
07.07.2011	Financing land now, house in 6 months?	17
28.08.2013	Separate land and generate building land? Where to inquire?	14
29.10.2013	Property reserved, construction financing plan, architect/building permit application	21
14.01.2014	Plot on a slope; embankment - retaining - costs?	10
09.04.2014	Questions/neglected plot/meadow, determining construction measures	44
24.03.2014	Buy property - demolish old building - build new?!?	12
23.04.2014	Buy land, and build later	10
25.08.2014	Buy land now and build in 2 years	13
07.07.2014	Develop the property yourself	13
24.07.2014	Buy public parking lot next to the property	17
19.01.2016	New construction - Plot overgrown with blackberries	12
05.10.2016	House placement on the property, ideas sought	23
29.01.2015	Property available - finance basic inventory?	71
06.12.2019	Neighbors' bushes on our property...	37
21.02.2015	Problem with shadow on the property...Assessment	12
25.02.2015	Construction financing: Pay for the land in cash	23
14.03.2015	What would you build on this property?	16
17.03.2015	Land with construction obligation = + 20% market value!	14
30.03.2015	Looking for ideas for a property on a slope	28

Can an average family afford a single-family house at all?

MarcWen

Peanuts74

Peanuts74

Jochen104

Steven

HilfeHilfe