Finance and buy or continue renting in the Stuttgart area?

In itself a reasonable consideration - over 20 years perhaps even more appropriate, because especially maintenance may be too much for the first 10 years. One can also talk about the amount of opportunity costs. But it shows well that buying vs. renting can be an issue, especially when it is not even certain whether one will keep the purchase property for 30+ years until the end..

So if you’re not building new, but buying a property from the 70s that’s already 50 years old - then I wouldn’t be so sure either.

You can't do the calculation like that. Without an increase in value and without a rent increase.

Hello everyone,

I have now made progress in my decision-making.

Through direct contact with a developer, I have the opportunity to buy an apartment. The exposé, etc., is already available.
The other apartments in the multi-family house are already largely sold or reserved.

The problem is: the planned completion of construction is 03/2023. However, I have to finalize the financing now in order to reserve/buy the apartment. How can I best bridge such a long time from the start of financing to completion of construction (approx. 22 months)? The interest-free period for the loan is usually 12 months. In the financing offers I have, it says that from the 13th month, an interest rate of 3% per annum must be paid. An interest-free period of 18 months with otherwise the same conditions costs about 0.1% extra over the term.

Does anyone have experience with this?

Best regards

The usual availability period is 12 months.

12 months are the basis for negotiation ;) It depends on your financing partner, if they only do standard like ING it doesn't look good. With a local savings bank or a Raiffeisen bank it's much better.

The developer will certainly also have contact with a bank or bank advisor. With the developer, you also have a fixed payment plan that you give to the bank, then it becomes clear when and which amounts and loans you need. Otherwise, all fees and conditions can be negotiated with the bank.