Dobbylein
2014-03-31 18:50:35
- #1
Hello everyone,
my wife and I (32 years old) also want to build:
Purchase price semi-detached house 375,000 euros turnkey (no relevant additional costs)
Equity 60,000 euros
With property transfer tax and notary fees, we would have to take out 340,000 euros.
My net salary is 3,100 euros (non-terminable/civil servant) and will legally increase by about 250 euros every 2 years (up to about 4,900 euros net). My wife earns 2,250 euros as a senior employee. We want to have 1-2 children, but my wife definitely wants to go back to work.
We have a financing offer with 2% repayment for 1,250 euros monthly (interest rate 2.3% with 10 years fixed interest). We therefore calculate that 1,650 euros including heating costs etc. would be spent.
Currently we pay 850 euros warm and both still have car installments (I pay 550 euros, my wife 300). These will soon be eliminated without replacement. Currently, despite this burden, we are doing very well.
Do you consider the financial burden realistic with regard to the salaries? I must add that I have a condominium in another city (value 70,000 euros) and will inherit the parental house (150,000 euros) as well as 2 other small condominiums (together 70,000 euros). At present, however, no additional equity can be drawn from this.
Thanks for taking a look!
my wife and I (32 years old) also want to build:
Purchase price semi-detached house 375,000 euros turnkey (no relevant additional costs)
Equity 60,000 euros
With property transfer tax and notary fees, we would have to take out 340,000 euros.
My net salary is 3,100 euros (non-terminable/civil servant) and will legally increase by about 250 euros every 2 years (up to about 4,900 euros net). My wife earns 2,250 euros as a senior employee. We want to have 1-2 children, but my wife definitely wants to go back to work.
We have a financing offer with 2% repayment for 1,250 euros monthly (interest rate 2.3% with 10 years fixed interest). We therefore calculate that 1,650 euros including heating costs etc. would be spent.
Currently we pay 850 euros warm and both still have car installments (I pay 550 euros, my wife 300). These will soon be eliminated without replacement. Currently, despite this burden, we are doing very well.
Do you consider the financial burden realistic with regard to the salaries? I must add that I have a condominium in another city (value 70,000 euros) and will inherit the parental house (150,000 euros) as well as 2 other small condominiums (together 70,000 euros). At present, however, no additional equity can be drawn from this.
Thanks for taking a look!