Construction costs are currently skyrocketing

What we now also have to count towards our provisional construction costs is the temporary apartment. In the house, there is an old oil heating system. For 3600L, we would currently be at around €5500 per year in the postal code. o_O That would be €450 heating costs per month.

Currently rather 1.60 - 1.85% for 10 years fixed interest, around 2.0% for 15 years and for 20 years it is increasingly around 2.2%. The interest rate steps are yet to come and if the pressure rises further, we will soon see a 3 before the decimal point for long-term loans. For amounts from 500k to 750k euros, that means initially 15k to 22.5k euros just in interest per year. Cheers. Apart from the fact that living costs are rising... I am curious at what level we will be complaining in 12 months.

I have just seen that too.
With the "small" difference between 15 and 20 years, one would almost have to consider locking in the interest rates for 20 years at the moment. The current trend is rather rising anyway.
What would you do?

We are roughly calculating our new project with all-in costs of €610,000, with about €130,000 equity.
I come up with interest rates of 2-2.1% for 15 years, 2.2-2.3% for 20.
After 20 years, and with the current trend of our salary development, we would have the chance to have paid off the loan by then. Or at least not have too much left on the balance after 20.

I just saw that too. With the "small" difference between 15 and 20 years, you almost have to consider fixing the interest rate for 20 years right now. Currently, the trend is rather increasing. What would you do? We roughly calculate our new project with all-in costs of €610,000, with about €130,000 equity. I come up with interest rates of 2-2.1% for 15 years, 2.2-2.3% for 20. After 20 years, and considering the current trend of our salary development, we would have a chance to have the loan paid off by then. Or at least not have too much left on the balance after 20.

I would definitely take the 20 years if there is only about 0.1-0.2% difference. It was also close for us between 20 and 30 years. With exactly the same data as you, we got the 30 years for 1.74%. The 20 years would not have been much cheaper; we would then have had to switch to 10 or 15 years, and that was too short for us.

I think I'm logging off from this thread :( Current offer for energy-efficient renovation and extension and terrace roofing as well as fireplace but without electricity is 600k gross. Installation of a steel beam alone 15k net. I'm digging myself a hole :(

I think I’m unsubscribing from this thread :( Current offer for energetic refurbishment and extension and terrace roofing as well as fireplace but without electricity is 600k gross. Installation of a steel beam alone 15k net. I’m going to dig myself a hole :(

600k for a REFURBISHMENT? O.o My goodness... we budgeted that for a new construction project. Metropolitan area / Bavaria, or how does that come about?

600k for a RENOVATION? o_O My goodness... we budgeted that for a new construction project. Urban area / Bavaria, or how does that come about?

Plus a small extension on the upper floor, fireplace 10k and terrace roofing 25k net Interior doors with 10k net I also thought was great :p It is Heilbronn district. Everything is also completely booked up here