Brisch
2011-10-10 14:26:43
- #1
Greetings to you ...
OK ... one step further again.
Yesterday we went out a bit and looked at various building areas. One of them we liked incredibly well ... location great (a few km further away from the workplace than planned, but these km are on the highway, so it comes out the same and is not "too far" yet).
Price affordable to cheap (still depends on the real conditions).
Now the consideration possibly goes in the direction of:
1. Buying land with the help of a loan through the parents (creditworthiness better, thus conditions cheaper) and already paying it off now (possible).
2. Collecting some equity until spring 2012 and using this + the existing land as equity / creditworthiness to get favorable conditions. Thus financing about 70% of the house value, rest equity + subsidy(ies). Thus 250k would be available for the house construction (+ 50k in the following 5 years).
3. From the time of land purchase, searching for a developer for a prefabricated or solid house (still unclear) including a basement and possibly a garage (here maybe also waiving this initially), getting offers etc. and then carrying out the house construction (maybe even) in 2012 (turnkey).
4. Processing the delta from turnkey to move-in ready by the end of 2012.
5. Move in.
Do you think this is achievable or am I still stuck in my dream world? Somehow I have the feeling I see it too "easily" or fall into "typical first-time homebuyer traps"!?
Thanks a lot (again) in advance.
Andi
OK ... one step further again.
Yesterday we went out a bit and looked at various building areas. One of them we liked incredibly well ... location great (a few km further away from the workplace than planned, but these km are on the highway, so it comes out the same and is not "too far" yet).
Price affordable to cheap (still depends on the real conditions).
Now the consideration possibly goes in the direction of:
1. Buying land with the help of a loan through the parents (creditworthiness better, thus conditions cheaper) and already paying it off now (possible).
2. Collecting some equity until spring 2012 and using this + the existing land as equity / creditworthiness to get favorable conditions. Thus financing about 70% of the house value, rest equity + subsidy(ies). Thus 250k would be available for the house construction (+ 50k in the following 5 years).
3. From the time of land purchase, searching for a developer for a prefabricated or solid house (still unclear) including a basement and possibly a garage (here maybe also waiving this initially), getting offers etc. and then carrying out the house construction (maybe even) in 2012 (turnkey).
4. Processing the delta from turnkey to move-in ready by the end of 2012.
5. Move in.
Do you think this is achievable or am I still stuck in my dream world? Somehow I have the feeling I see it too "easily" or fall into "typical first-time homebuyer traps"!?
Thanks a lot (again) in advance.
Andi