Expected construction costs in Hessen: architect vs contractor

I don’t want to be rude to you at all, but are you aware that after 10 years you still have a remaining debt of almost €238k?

Prepayments not included, but those are often more wishful thinking than reality.

If you let the interest rate rise a bit after 10 years, then the €1500 quickly becomes €2000 or more. Are you aware of that?
Alternatively, you could reduce the repayment, which would be rather unproblematic with your age. But whether it makes sense to service the loan for 35 or 40 years is another matter.

Why not at least fix the interest rate for 15 or 20 years?

Hello

Not at all. I had considered a longer fixed interest period, but it would then be 1.44%, and I don’t want to give that much to the bank.

The prepayment part fits. Annual tariff increase due to the chemical industry tariff as well as another raise after two years for relief, and there is still some money pending from the performance evaluation.

But all of that is calculated very generously. I initially had the rate at €2480, which would correspond to about 8% repayment, but since I thought about it a bit more, I adjusted the amount again.

I do believe my salary is significantly higher than yours. And that without shift allowance and without slaving away.

I’m talking normally. But whoever opens a thread so confusingly and then gets cheeky will have difficulties on a construction site if things don’t go well^^

Good thing believing is not knowing. You would probably like to take a vacation given how I work.

If it’s that confusing for you, then I’ll repeat myself exceptionally: you are free to leave the thread uncommented. Do you have nothing to do, or why do you add your two cents if it’s not wanted? I am slowly but surely getting cheeky now because I have to waste my time with you. Work a little on your self-esteem and then you’ll feel less easily attacked.

Hm, I come to a total requirement of 680,000 (upper estimate house plus 200,000 for the property). Or is the property already available and I overlooked it?

Hm, I come to 680,000 financing requirement (upper estimate house plus 200,000 for the land. Or is the land already owned and I overlooked it?

Hello Maria

The land will be purchased in the next few days, the purchase contract is currently with the notary as a draft.

Purchase price 180,000€ plus notary as well as land transfer tax and broker fees.

The nearly 680,000€ is also only the maximum amount. I think it will stay within a smaller range. I can already feel how this "You only build once" mindset is spreading like with so many others.

Then I clarify - purely out of interest - the question once again: with which money is the property being purchased? Is a loan amount of €380,000 really sufficient for you in the end?

Then I’ll clarify the question again - purely out of interest: from which money is the property being purchased? Are you really satisfied in the end with a loan amount of €380,000?

I’m also missing numbers (if Tapatalk didn’t swallow them)

200,000 land
380-4xy house without additional construction costs

What about the additional construction costs and outdoor facilities?
Parking spaces?

Is equity capital €90,000?

Equity to be used 90,000€.

The property will therefore still need to be financed with 110,000. On top of that, the 380,000€. So about 490,000€ is or was more expensive than expected. Probably a bit more will be added to that, but whether I pay it off over 10 or 25 years is not important to me. The main thing is that it will eventually be mine.