Does our financing match our capabilities?

The question is rather whether 250,000 euros are enough. There isn't actually as much "house" (including everything around it) as you might think.

Yes, it's clear so far.


As far as we have an overview so far, the 250,000 EUR will be sufficient. We plan not to tackle everything at once. Garden landscaping, carport, "expansion" of the basement/attic studio can also be done later. Home automation as well as solar could be done afterwards, so these things would only need to be prepared initially.

Best regards
Cora

As far as we know so far, the 250,000 EUR will be sufficient. We plan not to tackle everything at once. Garden landscaping, carport, "expansion" of the basement/attic studio can also be done later. Home automation as well as solar could be added afterwards, so these things would initially only need to be prepared.

One should just be aware that then special repayments will be sacrificed for these subsequent things, or conversely, the things will never be done because one is fixated on the special repayments. Rarely is there enough money for both.

I know what you mean. Even without special repayments, we still don’t think it’s bad to pay off a self-built house in 20 years. If it works out that way, it could even be done in 15 years, which would be really good. Even without special repayments, it would be settled by the age of 50 or 53 – for many, something like this lasts until retirement.

Possible unemployment has already been mentioned. But there is also a possible "career." We are both still relatively at the beginning of our professional lives and want to achieve something there. For now, we are only planning with what is there now and what is fixed , but over the years the income should also increase. My partner’s company has a career model where it is somewhat clear how the salary develops through tenure and/or advancement in the career model; you don’t do the same work for the same salary for 30 years without any chance of promotion.

By the way, non-regular income such as Christmas bonus and holiday pay for me as well as annual bonus and temporarily paid performance allowances for my partner are not included. Here, up to 5,000 EUR net can be added per year – but as I said, in our calculation we only take what is there now and what is fixed , although almost always some additional income from this area has also come in.

I feel like I’m kind of justifying myself right now, but at the same time, through the course of this conversation, I also have the feeling that we have our finances well under control and that we can manage this. That is also an important realization for us. It’s not like we want to pay off a house in 5, 6, or 7 years.

Best regards
Cora

I don't think you need to justify yourself, it would look completely different here. But you asked for opinions and sometimes you have to dig a little deeper or point out certain things. No one knows that you still have up to 5000€ annually available in addition.

You don't have a bad income, realistic expectations, salary trend upwards... so what more could you want.

Hello Cora,

As far as we have an overview so far, the 250,000 EUR will be sufficient.

I would be interested to know what you receive in return for the TEUR 250. Would you like to tell me?

We plan not to tackle everything at once. Garden landscaping, carport, "expansion" of basement/attic studio can also be done later. Home automation as well as solar could be added afterwards, so these things would only need to be prepared initially.

There are many things that can be realized afterwards, that is true. However, there are also some projects that should reasonably be considered in advance – i.e., during the construction itself. For example, preparation should be made for photovoltaics. If you want to expand the basement later, this must be taken into account during construction; in terms of ceiling height, insulation, size of heat generator as well as electrical; possibly sanitary/lifting system. The same applies to a later expansion of the attic – at least the staircase should be led into the floor, the heat generator should take this into account, so you don’t find yourself later in a shell-like situation again.

Rhenish greetings