Condominium or "Single House"

2017-02-14 00:04:40

You pay 7,200 EUR cold rent per year? And want to buy/build for 270,000 EUR? That is an insane factor of 37.5.

Wait. He is not buying his condominium for 270K€. (At least I hope not.)

With a factor of 15 - 20 such a thing is economically justifiable, more is a zero-sum game but still okay.

That is a guideline for rental properties, but he wants to live in it himself and thus the utility value is higher.

Best regards Dirk Grafe

2017-02-14 00:21:27

?..
Then you have a completely unsellable property (90 sqm single-family house - about as marketable nowadays as Nokia phones) and a big loan.

ok.

Are you now suffering from big shot and megalomania, having "achieved" your city villa in 1.5 years?

There are also other target groups in the single-family house sector, not just young small families!

Regards, Yvonne

2017-02-14 07:14:36

No, but there is simply a market, and it is mainly, though not exclusively, determined by families with children.

And for a family, 90 sqm in a house is simply too small.

Singles are by far the majority of renters. He will have a significantly harder time selling the house than a standard single-family home. And the singles who want to be owners tend to be wealthier singles, and for them, 90 sqm is also a bit small. Although singles also show strong urbanization tendencies and thus a property in Augsburg is more in demand rather than in the village or the small town.

2017-02-14 08:00:39

So around the corner from us, the near-retirees are tearing their hair out to get their hands on the small properties. Such a cozy 100sqm house is highly sought after.

2017-02-14 08:11:11

You pay 7,200 EUR cold rent per year? And want to buy/build for 270,000 EUR?

That is an insane factor of 37.5.

With a factor of 15 - 20 such a thing is economically feasible, more is a zero-sum game but still ok.

I don't understand that. What is this factor supposed to indicate? For us it is 125.6 (7,800 EUR cold rent)

Regards, Steffen

2017-02-14 08:15:31

Regarding point 3. Yes, you ignore all the answers that have been given to you here over the last 2 years.

Have you ever been to a financing consultation? It also matters what a financing bank calculates for you as living expenses allowance. If you bring home 2000 net, you won’t be granted a loan with repayments of 1000. (By the way, the tip was also given that if small amounts like mobile phone or Sky from everyday life already have to be saved, the house doesn’t necessarily bring more quality of life anymore.)

Then the aspect that only one salary is available as security.

Your equity of 30000 covers kitchen, ancillary purchase costs of the plot, and buffer. That means: 100% financing! The Danwood house with 84 sqm (actually turnkey, but without satellite system and mailbox) costs just under 115000. plus base plate 15000, total 130000. Transport costs estimated at 5000... -> 135000. Additional construction costs 40000... -> 175000 Exterior facilities have to be included in the calculation: cheap 7000 for yard and terrace and lawn seeding... -> 182000 There you have an energy saving ordinance house without fancy technology, without shutters, with 2 utility sockets in the kitchen and one in the bathroom. Outdoor socket or water tap probably not present either?! And the exterior plaster will be affected by algae after 3 years. Additionally, the plot of land from... x.

Regards, Yvonne

Why will the exterior plaster be affected by algae after 3 years? Does it have to be a prefabricated house? Town & Country also builds nationwide. In Augsburg, the turnkey bungalow costs about €140,000

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Condominium or "Single House"

DG

ypg

Grym

Evolith

Steffen80

Peanuts74