Dream of financing your own 132 sqm house

I am almost 60 and actually I ask my parents (unfortunately only mom left) at every visit if she has a little pocket money for me

:eek:o_O Keeping the inner child like that is not the goal.

Maybe some forum members here can imagine what it would be like if they asked their parents for "a little pocket money" at the next meeting. ;-)

I didn't even do that as a child.

Regarding point 1, I can basically only agree. Are there still additional purchase costs? At least notary fees and property transfer tax will also be incurred...

What I don't understand is why the incidental construction costs should be paid from equity. If they are properly calculated, you can simply include them in the overall financing package. In my opinion, this is also totally common.


Which incidental costs do you mean with number 2?
Additional purchase costs? Incidental construction costs? The furniture?

The incidental costs in the area of furniture/interior fittings should definitely be paid in cash. I would not include these in the financing.

The incidental construction costs including your aforementioned notary fees etc. are certainly between 50-60k. You can certainly include these costs in the financing, but you have also saved some equity. Therefore, I would try to calculate the entire incidental construction costs properly and pay them entirely yourself.

You look away for a few hours and already you read the wildest explanations why "children" beg :D. Please don't take it the wrong way. Everyone is different and described it well. As we say around here - Everyone’s a character :cool: As a little kid, I once said that I wanted to earn 5 Marks more pocket money every year. Luckily, it ended up being a bit more :p

I think it's the right approach that the OP calculates to finance the house by their own efforts. And this is not meant to become a fundamental discussion about parental support. If the parents are already tapped in such an early planning stage, it only works if they are still financially strong enough later to add something else if it should really get tight with unforeseen extra costs during the construction phase.

In the end, everyone is different here too, or every family deals with the topic of money differently again (or even has the possibility to deal with it differently at all). That’s why we’re also trying not to put any pressure on ourselves for now. We are simply saving purposefully and want to prepare ourselves. If the land works out, the first decision (new build or existing property) would already be made. But before that, we want to think ahead further to see if the rest also fits. Currently, we are not doing badly at all. It’s just that the environment in the multi-family house is no longer ours. Additionally, we want to be secured for old age (regarding the living situation) and not pay rent forever.

Regarding 1., I can basically only agree as well. Are there still purchase incidental costs? At least notary fees and property transfer tax will also be incurred...

Included in the 74,000 euros are property transfer tax, notary, connection costs, development costs (I hope I forgot nothing). It definitely was not just the pure purchase price for the land.

Which incidental costs do you mean with number 2?

I would have understood something like registration of the mortgage, construction site power box, the famous porta potty, and so on under that.

I would also, as already mentioned in the initial posts, urgently recommend the route to a local construction company. Both the construction company from Schwanenberg and the construction company from Selfkant-Saeffeln are often present on our construction sites and you hear a lot of good things about both. Of course, not everything will presumably run 100% flawlessly there either, but the general tenor is positive.

That was something we also still planned. We experienced the construction phase back then at my parents-in-law’s (with Viebrockhaus) and were impressed afterwards by the pacing and the few problems. Of course, this is not the only general contractor that does good work :). I can’t imagine that everything runs flawlessly on such projects anyway. You also mentioned the GEE – I don’t expect too much from them. My brother-in-law has been on their list for 4 years and hasn’t gotten a plot :p When you see how quickly some municipal employees get a suitable plot in return, it is strange – but a completely different topic ;)

naajaaaaa... I’m not quite buying that twist from now ;)

The jump from a "running gag" about a bit of pocket money (mentally I’m thinking about 10 bucks or so here) to repeatedly suggesting involving the parents in home financing strikes me as quite big. I could also say "come on... ask your parents. They can definitely chip in generously. Even I occasionally get an ice cream from my parents at nearly 30 years old. So there’s nothing wrong with asking parents for money" :D

I think it’s the right approach that the OP plans to finance the house independently. And this is not meant to be a fundamental discussion about parental support. If parents are tapped in such an early planning phase, it only works if they are still financially strong enough later to chip in again if it really gets tight due to unforeseen additional costs during the construction phase. Having the parents is better than having to go into follow-up financing.

I fully agree with you and have once again learned that I need to learn to express myself better in non-personal communication. Thank you.

With this almost public branding of your own parents, I do wonder whether their traits were not passed on a little in the course of inheritance after all

Thanks to you too for the thought process you triggered in me.

I never even did that as a child.

I didn’t do that as a child either. Only in a phase of life when it was absolutely and clearly obvious that it could only be a game, teasing in a joking manner.