Does our financing match our capabilities?

Hello Bieber,

thanks, that we have it under control is secretly the confirmation one is looking for. One puts their ideas publicly to the test here and hopes not to get them knocked down.

But I don’t know how much (more) money we would really get from the bank, and whether we would want to take on that much should we get it. So, to say "let’s just take 300,000" or something.

Best,
Cora

But I don't know how much (more) money we would actually get from the bank, and whether we would want to take on that much debt if we did get it. So saying "let's just take 300,000" or something like that.

The bank will tell you that. You can already critically question how realistic it is that you will have the money for the desired garage (in cash) in 2 to 5 years. And then draw the right conclusion for yourself.

Hello

Our approach was actually not to ask the bank how much money we can get at most. We looked at how much house we want, checked the price range, and then asked the bank if they can provide financing in that range. By the way, there was no misunderstanding about the costs, and the example of shows that it is also possible within that range.

Best regards
Cora

Using the example of , you can see that it is also possible on that scale.

First of all, I still ask you to pay attention to the last sentence in my post.

Furthermore, one also has to be able to do without. For example, shutters are only manual (except for the patio door), no ventilation system, no fireplace, electrical work only slightly above standard (only 50 sockets instead of over 100, LAN done in-house, etc.), straightforward exterior, standard patio door/windows, painting work in owner labor, etc.
In addition, after moving in, there are also quite a few costs that you initially don’t even have on your radar (garden tools, play equipment for the child, etc.).

Hello Musketeer,

thanks for the details. We want the roller shutters to be electric and made of aluminum on the ground floor; we want a ventilation system, actually also a fireplace, with the electrical work I’m not quite clear on how standard differs from premium equipment, is it just about the number of sockets? LAN is my partner’s area of expertise, I’m not really sure if we need it and if so, for what. We are also aiming for a straight exterior shell, maybe with a recess. Doors and windows - something in the middle with a bit of burglary protection wouldn’t be bad. We could also cover painting work ourselves or within the family. Compared to your equipment, you’d probably quickly reach a sum of +25,000 EUR... hmm.

Best regards
Cora

More + instead of -
That's exactly what means. And with the bathroom, a nicer faucet, a bigger tub for the family, as well as small details with the tiles, you’re at +50000. The terrace then also has to be done immediately, you don’t want to have the garden chair sitting in the building sand for 2-3 years.

The right way is where the bank sees the limit. Then look at which BU lies within that range.