guckuck2
2022-05-12 11:06:52
- #1
As a person who already owns a home, I can of course say that boastfully, but I would simply wait until the first applications – which, as you say, were based on the interest rate level and construction prices from last October – fail.
What would one have estimated in 2020 for 2022?
You just have to be clear that you can now buy a plot of land for a lot of money (>450€ vs. 260€ municipal land), while construction costs and interest rates are doing pretty strange things. Whether in 2023/24 your money will still be enough to actually build a house acceptable according to your ideas, you have to answer yourselves – your assumptions/buffers are certainly not unreasonable.
With the appropriate cash reserves, you can do it, but my risk tolerance would be sensitively disturbed today.
I could definitely no longer build my house today without a queasy feeling, given the interest rates and changes in construction prices over the past few years.
But: What values do I assume for a new build in 2024 (construction costs plus ancillary costs).
What would one have estimated in 2020 for 2022?
You just have to be clear that you can now buy a plot of land for a lot of money (>450€ vs. 260€ municipal land), while construction costs and interest rates are doing pretty strange things. Whether in 2023/24 your money will still be enough to actually build a house acceptable according to your ideas, you have to answer yourselves – your assumptions/buffers are certainly not unreasonable.
With the appropriate cash reserves, you can do it, but my risk tolerance would be sensitively disturbed today.
I could definitely no longer build my house today without a queasy feeling, given the interest rates and changes in construction prices over the past few years.