Complex financing plan, please provide comments/experiences

Hello Sebastian,

in order to evaluate your financing plan, the following important parameters are missing:

- how important is interest rate security over the longest possible period to you?
- how important are special repayments or the possibility to change the repayment rates during the term to you?
- what is the maximum monthly burden allowed and how important is it to you that this remains relatively constant? (In most home savings financings with low interest rates, the monthly rate increases significantly as soon as the home savings contract is allocated)

Best regards from Kassel

Michael Both

As said, for 3 people we wouldn't need 125m² (so far, four of us managed perfectly well in 85 m²).

You do know that you can't compare the area of a house with that of an apartment?

In the house, the area for stairs, utility room, and additional access areas is added. So there isn't that much extra living space compared to our current apartment with just over 70m². The only thing that really adds for us is a guest room and a bathroom.
On the other hand, for us, for example, the basement is eliminated. The space for the shoe rack in front of the apartment door is then suddenly also deducted from the 125m². The stroller then has to go inside the house, instead of the hallway...and so on.

Given the current situation in the capital markets, it is very difficult to say exactly how the individual components will fit together in the end. Better put the maximum possible effort into building equity. 15% is not very much. Good luck.

Hello,
so my experience also shows that not many banks participate in such complex financing.
Especially if part of a building society is involved, you are often bound to your building society's partner.
Another bank, on the other hand, has its own building society partner.

Own experience:
At the beginning of our planning, I had a similar great concrete financing plan that worked well in theory (including Riester etc).
But bringing the components together is much more difficult.
(Specifically: For my Wüstenrot building society savings contract, I did not find a bank that properly pre-finances it, despite help from Interhyp etc).
But honestly, who knows what the world will look like in 2014/2015.
Currently, I rely on Stiftung Warentest, which certifies building societies as having the cheapest Riester-supported financing.
Maybe you can get some information there.

House costs:
The house costs also seem relatively low to me.
If you buy a plot of land for 100k, you are probably not in a cheap region.
Then 250k for a house + additional costs really seems tight.

Well, the housing costs hardly depend on the region. It's almost more expensive to transport the building materials to the Brandenburg boondocks (e.g., ;)) anyway. But thanks for the tips to you and all previous posters!

The building materials are all produced in the big city anyway, and wages and salaries are higher in the boondocks than in the big city. :rolleyes: