Evaluation of Construction Project / Credit Offer

  • Erstellt am 2020-01-10 18:15:42

HilfeHilfe

2020-01-13 17:10:54
  • #1

Maximum 30% of net income for interest / repayment and ancillary costs. But I do not mean the 2% repayment but 3-4%. Let's assume 1.5% interest, 3.5% repayment on €500,000 that is €2,083 plus ancillary costs = €2,500. Then you would have to have €8,300 per month (bonuses averaged out). At 40% [30%?] €6,250 net. But that is after children. Including part-time.
 

HilfeHilfe

2020-01-13 17:19:43
  • #2
Yes, a scapegoat broker will always say “great starting position,” “super calculated,” “best conditions.” Yes! The numbers are undisputed, a bank will always finance the project. But it is like wanting to drive a Porsche but only being able to afford a VW. You can bet on the future, but you don't have to. In the end, the original poster decides.
 

Milo3

2020-01-13 17:27:39
  • #3
Wow, now nothing surprises me anymore....
 

BauherrSaarlan

2020-01-13 17:28:59
  • #4


Exactly those are unrealistic calculations for me, and I would also like to explain why....

The net income cannot be the benchmark for such a calculation, I also have to include the expenses for this net income as well as the cost of living in the region, right?

I can earn €5,000 net in Munich and my regular workplace is 100 km (one way) away. In addition, I have no company phone, no company bike, etc., which significantly increases my expenses, but these are not considered in this xx% of net calculation.

If I have the same net income in a rather weak region, it can be worth significantly more, plus not too long a commute, a company phone which is not taxable (phone contract and new purchase can easily be calculated with €30-50 net per month), and so on.

Apart from the very everyday costs (for example, in Saarland you can get a decent haircut for less than half the price as in Munich).

I therefore consider an income/expense calculation to be much more reasonable and appropriate, as it covers all these points.
 

Crossy

2020-01-13 17:40:46
  • #5
We financed 510k. 210k equity and another 55k in reserve as a buffer and for generously budgeted new furniture.

Income
She: 2100 EUR 60% 13 salaries
He: 3600 EUR 80% 13 salaries
2x child allowance 560 EUR (as you are from Saarland, you will know where we work)
Bonus about 8k + x

So our incomes are not much higher than yours, but I find it better:
both working again, time with significantly reduced income is over, we also allowed ourselves a longer break after child 2, with both part-time jobs there is comfortable potential for supplementing income. And the situation is secure and not a hypothetical scenario.
We also consciously postponed the construction to this phase of life. Originally, we wanted to build three years ago, but a longer break after child 2 would not have been possible then. And I also had to get used to the loan amount first.
 

kbt09

2020-01-13 18:32:22
  • #6
Then you imply, however, that we ... in this case I ... cannot calculate.
 

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