Evaluation of Construction Project / Credit Offer

In the meantime, something has changed on our income side, I was able to achieve a "smaller" increase.

Our situation now looks like this:

Me: €7,100 gross = €3,800 net per month, bonus annually additionally €10,000 gross = €5,000 net
Her: €3,800 gross = €2,100 net per month, bonus annually additionally €8,000 gross = €4,000 net (unchanged for now).

Our annual tax refund will, according to my first forecast, be around €3,500.

That means we now have €5,900 net per month and about €12,500 net annually available, so the annual net salary is €83,300.

How do you see the project under these new conditions?

Otherwise, the framework conditions are relatively unchanged, we are currently tending more towards KFW55 in solid construction, but we would rather invest the "savings" compared to KFW40/KFW40+ in larger "buffers" in order to definitely be able to realize the building project within the budget.

Thank you very much for your feedback.

This “smaller” increase from about 5,600 gross to 7,100 gross per month is indeed a bit unusual in such a short time, but congratulations. Such an increase is usually only achieved by changing jobs? According to my calculation, 3,800 is actually closer to 2,300 than 2,100, but never mind.

My opinion hasn’t changed. Do it. It is now, of course, significantly more comfortable.

The increase came through another offer, the current employer matched it, which is of course very comfortable for us since the risk that would have arisen from changing employers did not increase in terms of job security.

Basically, the €3,800 gross is indeed more net, that is correct, but a substantial amount per month is deducted for the company pension scheme.

The increase came about because of another offer, the current employer matched it, which is of course very comfortable for us because the risk that would have arisen from changing employers has not increased in terms of job security. Basically, the €3,800 gross is more net, that is correct, but a substantial amount per month is deducted from this for company pension provision.