Finance big, wait, or think smaller?

  • Erstellt am 2024-01-07 12:04:46

Johannes2307

2024-05-15 16:27:51
  • #1


I don’t understand your approach: on one hand very cautious (although a great starting position) and on the other hand high repayment. I would first go in with 2 or 2.5 so that you manage comfortably monthly and solve the rest through special repayments etc.
 

J. Hasek

2024-05-15 17:16:06
  • #2
Thank you for the answers! I think financing with the option to adjust the repayment rate is definitely sensible. Then we could reduce it to 1% in case of income loss, pay off with 2% or 2.5% if we need to renovate or modernize more, and continue with 3.5% if things go well. The higher the repayment you can manage, the lower the absolute interest expense over the entire term. So I take away: You would say - It’s possible. Thanks for that!
 

schubert79

2024-05-15 19:07:43
  • #3
Do it and strike! Everything is rock solid.
 

hauskauf1987

2024-05-15 21:57:45
  • #4
Reduce the repayment, 60k with energy efficiency E and a 40-year-old house is in my opinion too little Insulation, windows? Bathrooms? Floors? But also easily doable with 100k
 

J. Hasek

2024-05-15 22:12:47
  • #5
Dear Thank you for the reply, of course I also fear that TEUR 60 might not be enough. Bathrooms and floors are perfectly adequate for us. I see the issues with exterior wall insulation and windows; about half are around 10 years old and double-glazed plastic windows, the other half are still original wooden frame windows, also double-glazed, but a lot has technically changed in the meantime. If you want to do all that, TEUR 60 is of course not enough. Thanks anyway for the encouragement! Best regards and have a nice evening
 

leschaf

2024-05-16 10:09:46
  • #6
I would also reduce the repayment to 2% - you are still quite young. It can then be increased when your wife starts working, or you simply make special repayments with your bonuses. In my life with 2 children, I would not impose a tight budget without good reason (daycare fees etc.).

Regarding the windows: 10 years is not old, but the other half certainly is. I also think you will have difficulties with 60k.

What about the roof (~40 years old) and heating? According to the energy certificate with the planned measures, it should not be an issue to install a heat pump, but if the current heating system is already quite old, you should also plan for upcoming costs there.
 

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