Expensive plot + single-family house 155 sqm + cellar KFW40+, financeable?

  • Erstellt am 2020-11-22 21:35:19

KingJulien

2020-11-23 12:28:23
  • #1
Sorry, plus stairs still. But that should still fit within the 40k. Then you just have unheated, uninsulated and a minimal number of windows. But a usable basement. Maybe the prices are always calculated with earthworks/without offsetting the foundation slab? But as you might have read in my recent, desperate thread: My basement builder is not exactly an expert in quality and service ;)
 

Hausbautraum20

2020-11-23 13:27:23
  • #2
So for me it doesn't fit:
- Earthworks, with us over 20k
- House connections with us 12k not 4.8k
- Outdoor area I find doable, but something like an awning or even a patio roof is then out of the question.

So with our 5k net, it was said that 550k would be the limit and that with more equity and much more personal contribution. You are once again quite a bit above that.
Also, with friends it was the case that it didn't matter that the woman would go back to work soon. Only parental allowance was allowed to be calculated.
Therefore, I can imagine that it would currently be difficult to get a loan of this amount.
If it is a good plot, I would definitely buy the plot now because in the medium term you can manage the project.
 

Hausi20

2020-11-23 14:15:17
  • #3
Maybe a bit off topic, but I keep noticing this. Why does everyone always plan for new furniture right away when the house is still to be built? Kitchen, okay. But does it always have to be a completely new interior?

I assume that most homebuilders are not exactly 19 years old and therefore already have furniture in their previous apartments/houses that fits their age, taste, income, etc. Or do you all seriously still have your futon bed from your childhood room? ;) Then I could understand that moving into a new house also means getting new furniture. But before I treat myself to a new wardrobe, sofa, bed, etc., which apparently was good enough for the last few years, I would rather keep that amount as a buffer or use it as equity or something else. We’re now, 3 months after moving in, deciding what to buy new, but we have the construction and the hard-to-estimate costs behind us and know what we can afford now, and after the build we know that we planned well and nothing unforeseeable happened. But you don’t know that beforehand. It’s not such a big deal with the OP, but you often read that the financing is tight, yet the whole house should already be nicely furnished new. That often doesn’t make sense to me when it says 30k planned for new furniture but 100% financed...
 

apokolok

2020-11-23 14:15:23
  • #4
Nope, that's currently too big of a step. It simply doesn't match the income and equity. I think the banks will see it the same way and there won't be any financing for the project at the moment. If the plot fits, then buy it, building is just too early. It's already a very tight squeeze and with the tight calculation, refinancing is inevitable. The time when you turn every cent three times over is not far off. That's not what a homeownership blessing is worth. The salary is still significantly expandable for doctors, to be honest, I was shocked when I read the salary and the two professions.



Well, it's definitely right to plan for furniture, anything else is unrealistic. A new house simply requires more or different furniture, everyone experiences that. Sure, you can put up with Billy and the like for a few years, but who really wants that?
 

Ysop***

2020-11-23 14:34:52
  • #5
Bathroom furniture? Terrace? Rooms that don't currently exist? Lamps? That already adds up to quite a bit
 

moHouse

2020-11-23 14:42:10
  • #6
If I understood correctly, the woman is currently receiving parental allowance. Wasn't it the case that banks don't count that as income because it's a wage replacement benefit?

Otherwise, have the Kfw 40+ approach recalculated against KfW55. Even from an idealistic standpoint, that is rarely sensible. The energy savings are negligible.

We also come from NRW. Depending on the area, it absolutely makes sense to quickly secure plots in the commuter belt areas of big cities now. I claim that these will significantly increase in value post-Corona due to the higher home office rate. Often there's already nothing left on the market (Düsseldorf area swept clean). About 10% above the standard land value can already be considered a bargain. If something does come on the open market, it's often 50% above the standard land value.

Regarding incidental construction costs: search again here in the forum for the lists of incidental construction costs. You compare that with your construction service description. Always question the costs your general contractor states as owner-provided. These are almost always set too low. Everyone who thinks about building has to go through this. The rest very often ends up in additional financing.
 

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