Construction financing... yes or no...

  • Erstellt am 2013-12-09 10:06:18

Granit14

2013-12-09 21:02:13
  • #1
On the topic of heating, we wanted to install a heat pump with underfloor heating and as an active/direct heat source, a stove in the living room which actively heats the open kitchen-living area, and behind the stove run the heating pipes which are heated by the stove and thus should additionally warm the first floor.
 

ypg

2013-12-09 22:38:20
  • #2
I don't think 650 cold for 80sqm is high at all... besides, you already earn quite decently for your age. That's something to build on, but only in a few years, when you've saved up quite a bit. The [Grundstück] isn't going anywhere for you :D I just think 23 years old is way too young for immobility. Think about it ;)
 

backbone23

2013-12-09 23:05:11
  • #3
Heat pump, stove + fireplace also cost quite a bit ...

Whether the home savings contract is reasonable for the follow-up financing or not can only be assessed once you have exact offers for this and the financing.
 

DG

2013-12-10 00:07:00
  • #4
Hi!

I’m picking up again on the point from "that one" regarding the car costs... if I understood correctly, you’re calculating €730 fuel per month for 2 cars with 220 working days/year and about 8L consumption. Fuel price about €1.50 means that 100 km of driving costs you around €12.

That in turn means you each have a commute of ~80 km to work!?

If I haven’t made a calculation error (160 km * 2 cars * 220 working days * €12 / 100 = about 730 * 12)... then you will pay the saved costs on the property to the gas station and/or the car dealer within 5-10 years.

That’s not worth it, no matter how cheap the property is, and not even if you both drive together every day or if one stays home (partly) for childcare.

Best regards! Dirk Grafe
 

DerBjoern

2013-12-10 08:29:27
  • #5
Yep, the thing with the cars sounds very intense. You’re driving over 35,000km per car per year JUST for commuting. That’s no fun! On top of the gasoline, there are quite a few maintenance costs. Just new tires every year alone. Then you need new cars every 5 years. The cars will cost you an arm and a leg...
 

f-pNo

2013-12-10 12:09:38
  • #6
A lot has already been written on the topic of cars. To be honest, I’m also not sure how much sense it makes here.

Tip: Alternatively, take a look for potential connections with public transport. Maybe – if it fits, you can save a lot this way.
Example for me: I would have to drive about 50 km one way every day x 2 x 22 working days = 2200 km at 7 l/100 km = 154 l x diesel price. This does not yet include: depreciation/wear and tear on the car, higher insurance costs, parking fees (at the workplace easily 200 euros per month), as well as hassle and stress on the road.
Even though I like driving, I switched to public transport and pay 85 euros per month, that’s it.



You write that these 300 euros are spent on groceries. That is realistic (possibly also 250).
Consciously or unconsciously, however, you have overlooked things like clothing, shoes, entertainment media (Amazon orders, etc.) and so on.

These also belong to living expenses and are not listed anywhere in your account.

Two small examples from me here as well:
My wife thought four weeks ago that she needed a new winter jacket (I almost bit into the tabletop – she only got a (relatively expensive) new one about three years ago). We also wanted to save a few bucks until construction finally starts.
I had to order a complete DVD series box from a well-known online retailer two weeks ago. It had become absolutely necessary for me. Then my wife bit into the same tabletop.



If you plan the two building savings contracts for the garage – are these already fully saved up or do you still need to save? Do you want to take the (expensive compared to old building savings contracts) loan, or do you only count on the saved credit balance? If you terminate these two building savings contracts, a further 230 euros per month would be available for your financing.

If I calculate with 220,000 and 6% annuity flat rate for you, I come to a monthly rate of 1,100 euros. It could be somewhat lower since you are young and could conclude a long-term loan contract.
The question, however, remains whether your wishes can be fulfilled with this sum and whether you have taken all relevant costs into account in the planning.

Personally, I would recommend that you consider the advice of ypg. Better to wait a little longer; the plot won’t run away from you.
 

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