Evaluation of Construction Project / Credit Offer

Phew, you seem to be quite "set in your ways" and absolutely determined to follow through.

We are about the same age, already have 2 children, and with a similar income (without special payments and without elaborate vacations and "luxury" beforehand) we finance a bit more than half of your total budget. And honestly; your amount would be clearly too much for me, whether there are already children or more are coming.

Wir haben hier alle erdenklichen Kosten berücksichtigt und auch einige Puffer für unvorhergesehenes eingebaut.

I thought the same for us. Besides the exact planning in my Excel sheet, there are many green numbers from items I planned and that also fit. But also many small red numbers, and so far I've had to realize that they cause a lot of trouble and eat up some of the buffer... And one thing I know now; there will be a few more small red numbers coming

Fertighaushersteller 1: 186 m² zu 407.000,- € komplett durchkalkuliert als KFW 40+ Haus
Fertighaushersteller 2: 195 m² zu 457.000,- € komplett durchkalkuliert als KFW 40+ Haus
Fertighaushersteller 3: 181 m² zu 417.000,- € komplett durchkalkuliert als KFW 40+ Haus

That will not be the final price. The wishes come at the latest when you are at the sample selection... additional sockets, spotlights, stairs, blinds, exterior color, front door etc... you only build once after all

Why not Kfw55 and a little smaller?

Nonetheless: good luck with your project.

Didn’t you even have to buy your car on credit?

sort of, 50% 20k with total interest over 400 euros for 3 years. why? I didn’t have that much and we consume! Those who can, can

But that’s why I warn against any financing that feels too tight to me!

Our incomes have increased, a child was added. We live well, take great vacations. If I were to reset now and only save, the "offen aus" would be!

I couldn’t imagine life without vacations anymore. Nor can I really imagine having a new house and then outfitting the kids at KIK and spending the summer in the garden.

Either you have the money or you leave it. You don’t have to be enslaved by a bank.

Better to go a size smaller. An existing property can also be great. Or a condominium. We went for a semi-detached house. We’re happy now.

We have a new car parked outside (remaining debt 17k), went skiing and stayed in a hotel, and I post great glossy pictures like a crazy person!

Good morning,

a lot depends on whether you can or want to reduce your consumption regarding vacations. For some acquaintances that was not a problem, and for ourselves it is not a problem either, although we wouldn’t have to reduce (with regard to vacations we are probably quite special for this forum). If you can do that, I wouldn’t have any concerns. But that also depends mainly on your profession. In the short to medium term, there should still be some salary increases. Even during parental leave, you wouldn’t have significantly less available through optimizing the parental allowance. Only the progression needs to be considered. But planning an extra 100 euros should be sufficient as long as you have no advertising expenses (very very unlikely as a tax consultant).
It all depends on future consumption behavior (as so often in today’s consumer society).
You can at most plan a bit smaller to definitely not exceed the half million credit; 150 sqm is absolutely sufficient with a good layout.

Greetings from the dark side of the tax apparatus

I also don’t see any need for a KFW40+ house here, what added value do you hope for with it? 180sqm plus is nonsense too, just plaster that

And your loan offer is too expensive as well. 15 years fixed interest is also available from the right banks for well under 1%!

Otherwise your conditions are fine. I always think: the remaining debt is my children’s problem :P

Well, to get <1%, there would need to be more equity. I see 1.5% as realistic...

ah your income has increased, but you assume the original poster's income stays the same. But that's how we know you. You make it the way you like it.

do not assume anything and our income at that time corresponded to the financing. Since the financing, the income has increased again, we were able to 1 refinance 2 increase the rate and abolish special repayments

Nothing was planned and the financing was not based on any assumptions.

And who gives the borrower that they will remain an executive and that the income will increase? I have a corporate history and know that you have to fight for every increase if it was not negotiated immediately.

No boss boss comes by and said "Hey Meyer, now you get 1500 € more per month"