Construction financing... yes or no...

  • Erstellt am 2013-12-09 10:06:18

Der Da

2013-12-10 12:27:58
  • #1

Better start saving for a new table already, yours won’t last much longer :)

Especially those "little things" you treat yourself to can be cut when the construction financing is too tight. I always classified such things in our household budget as luxury, and surprisingly this sum tends toward zero after the construction, but it still amounts to almost €100 monthly. That includes just a few books or a small wish fulfilled.
Before building the house, you simply shopped to your heart’s content, money was in abundance. Now you have to learn to restrain yourself first... that often doesn’t happen overnight :)

You just have to know whether it’s ultimately worth having to consider every cent twice :)
 

f-pNo

2013-12-10 13:23:41
  • #2


We actually are. The old table is really worn out already - the bite marks won't make much difference now. :D
 

DNL

2013-12-10 13:55:19
  • #3
For 130 sqm ready to move in, I would calculate at least 250,000.

I have not yet understood the purpose of the 60,000 Bausparvertrag.
 

f-pNo

2013-12-10 14:24:30
  • #4
The bank advisor recommends concluding a building savings contract with a sum of 60,000 euros. This should be saved up with 200 euros per month. The purpose is that these 60,000 euros should later (at the end of the fixed interest period) be used to repay part of the loan in this amount. For the building savings loan portion of (presumably) 30,000 euros, Granit would then continue to pay lower interest and thereby (partially) protect himself against rising interest rates. However: 1. He would only protect himself against rising interest rates for a smaller part of the refinancing. 2. The building savings contract costs him good liquidity. (at a time when he will already have difficulties) 3. The advisor is, of course, interested in concluding the building savings contract, as it brings him (or the bank) a nice additional commission income The question arises here how much he can save directly and in the future on interest expenses with an additional repayment of 200 euros per month and to what extent this saving can possibly offset (or more than compensate) future interest rates. In my feeling, he would save more with a higher repayment instead of the hardly interest-bearing building savings contract than he will pay in interest in the future. However, for such a comparison you need an appropriate calculation program – it is difficult to do this with Excel.
 

toxicmolotof

2013-12-10 18:41:51
  • #5
I find it once again impossible that offers from a provider are being banged on here again. The oversupply of insurances is not necessarily dependent on a specific or generally on a single provider at all.

This should basically be checked by an external advisor.

Why do you even have two liability insurances? Or typo? It should be almost everywhere cheaper with comparable performance (whatever is included there).

Car: 70,000 km means a new car every 2-3, possibly 4 years and inspection at least twice a year, if not three times.

Saving up for that alone costs a fortune, regardless of the additional consumption.

I would increase the car position by 300 euros alone for that reason.
 

f-pNo

2013-12-10 22:51:56
  • #6


???

I can't quite understand your criticism. No one is bashing any provider here.

Regarding the building savings contract, a question from me was answered with possible advantages and disadvantages. One of these disadvantages is also that a closing fee (=commission) is payable upon conclusion, which, due to the low interest rate on the balance, is only recouped after years.

The question I asked in this context is one you should be able to answer best based on your professional experience.
 

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