derLeipziger
2014-04-25 10:04:25
- #1
Hello dear people, I am considering whether building a house would be an option in my current situation. I would therefore like to ask for your professional opinion on this...
A brief overview of my situation: I am 29, single, without children, a graduate engineer in mechanical engineering with 4 years of professional experience (automotive industry). I currently live in Leipzig and pay only 350 € warm for my 65m² apartment. This is only possible because the apartment belongs to my aunt (a huge rental property). For my car, I pay 150 € (insurance + fuel), food + entertainment + electricity + shopping about 400-450 €... Due to my time at university, I have a relatively modest lifestyle and, as you can see, no major expenses. I have saved about 70,000 € in equity, my parents would of course support me somewhat in my project. Let's say 90K equity is planned and realistic...
I grew up in the countryside and would like to live in a green area on the one hand; a small house on the outskirts of the city would appeal to me very much. On the other hand, building a house always involves a lot of risk that has to be calculated from the beginning, especially since I currently live very cheaply, without any additional ancillary costs...
What would you do in my place?
A brief overview of my situation: I am 29, single, without children, a graduate engineer in mechanical engineering with 4 years of professional experience (automotive industry). I currently live in Leipzig and pay only 350 € warm for my 65m² apartment. This is only possible because the apartment belongs to my aunt (a huge rental property). For my car, I pay 150 € (insurance + fuel), food + entertainment + electricity + shopping about 400-450 €... Due to my time at university, I have a relatively modest lifestyle and, as you can see, no major expenses. I have saved about 70,000 € in equity, my parents would of course support me somewhat in my project. Let's say 90K equity is planned and realistic...
I grew up in the countryside and would like to live in a green area on the one hand; a small house on the outskirts of the city would appeal to me very much. On the other hand, building a house always involves a lot of risk that has to be calculated from the beginning, especially since I currently live very cheaply, without any additional ancillary costs...
What would you do in my place?