Choose construction financing: What amount/term/monthly savings?

2018-05-22 12:58:04

Lol, lots of Swabians here, Schäuble would be proud of you. If I have to save that brutally, I'd rather stay in the rental apartment.

2018-05-22 13:56:09

Lol, a bunch of Swabians here, Schäuble would be proud of you. If I have to save so brutally, I'd rather stay in the rental apartment.

no, but if you have only lived on credit so far with such a net income, you will hardly want to adjust. So the rental apartment is still the better option

2018-05-22 14:12:32

Lol, lots of Swabians here, ...

... says the Badenser :-o

When I look at what Schäuble and Eichel have reimbursed me so far... I probably like them more than they like me.

And for vacation, car, etc., it’s just enough for me at the moment. A rented apartment doesn’t necessarily have to be bad either. Homeownership is a luxury problem. You can afford it or not. But many have to make sacrifices elsewhere for it. How far one is willing to go for that is up to each person to decide.

The main thing is that it makes you happy.

2018-05-28 10:54:34

All right - thanks to all of you! Now it's time to save! :-)

2018-05-28 11:53:51

I would not save so much that it really hurts, but enough so that I can still live comfortably. If I have to think about whether I can/may buy a bread roll at the bakery, I am doing something wrong. Especially a house is there to increase the quality of life. If I have to give up absolutely everything for it, it does not balance out.

I know, this is a personal life decision. But so is your strict saving.

I would approach it as follows: calculate the likely rate plus reserves. Car etc. arise anyway.

If I cannot manage that without strongly interfering with my lifestyle, I would leave it.

Ownership is not a must. It is not the life model for everyone.

2018-05-28 15:35:47

Hello everyone,

In the medium term, my partner and I would like to move into our own home. Our ideal vision would be a detached single-family house in the Cologne/Düsseldorf region. It doesn’t have to be the inner ring and can definitely be located in the countryside.

Here are a few details about us:

- unmarried
- childless, but hoping to have children after building the house
- permanently employed
- monthly net income: 4,500 EUR
- monthly net income in 3 years: 5,000 to 5,500 EUR
- monthly expenses: 2,500 EUR
- equity: 10,000 EUR
- planned costs for land, house construction, additional costs, furnishings, outdoor areas, BUFFER, etc.: 500,000 EUR

We are aware that such a project would not be feasible with our current income. That’s why we want to inform ourselves early on about how to get there and make it possible.

What do you think would be the “perfect way” for us? Building savings contract? With what amount? With what duration? Monthly savings on a daily allowance account? What other options are there?

Thanks in advance for your answers!

Just two quick questions:
1. How is it possible that with a 2,000 euro monthly surplus, you have only saved 10,000 euros as an emergency fund?
2. How do you know for sure that your income will rise to 5,000 to 5,500 euros?

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Choose construction financing: What amount/term/monthly savings?

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