Financial requirement for construction

  • Erstellt am 2019-01-24 22:38:34

nordanney

2019-01-25 12:12:16
  • #1

She already has the bank’s statement – a clear rejection.
We committed about €9 billion in real estate financing last year, so I consider myself to have some experience. Given the conditions, no bank that calculates seriously will give a loan in the required amount.
 

ypg

2019-01-25 12:44:38
  • #2



Bad combo! Unfortunately, you/you all lack reflection on the current situation. Also, an obsession or fixation on short-term goals is no good life advisor.



Unfortunately, I lack the imagination here: please enlighten me. I certainly have a different standard than you... one pays a lot for insurance, another has an expensive phone bill. Have you ever kept a household budget? There, all costs over the year are recorded: even the bread roll in the morning or the cinema in the evening. Every supermarket receipt is entered, plus, of course, monthly phone costs and insurance. I give this tip to every prospective builder who has difficulty building equity.



After that is the best time to think about building a house. But always remember: the next car also has to be saved for. Either through financing, like you have now, or by saving monthly over several years of about ... yes, exactly those 3-400 euros, because you probably do not want to lose the status of the car. 350€ already indicate a higher-end car; for mine I would have to pay about 170€... costs around 20,000 new, so your car would have to cost around 40,000€???? Moderation looks different.



Yes, but you need that too. Or do you want to do without new clothes?



Well, those are often already eaten up by impending costs before the ST can even beep. Then there are the outdoor facilities, which you want to do little by little after moving in, the carport, the terrace roof would be nice, oh, the vacation has also been skipped for 2 years, so let’s enjoy a bit... vehicle maintenance, and, and, and...

Keep a household budget and see how you can build equity, the same applies to paying off debts. The salary is good. If you financially overstretch yourself, the rosy life can quickly turn grey. Then one partner likes to withdraw. Alone, the house is not manageable at all.
 

Bookstar

2019-01-25 18:17:29
  • #3
Building a house without equity is not possible with the relatively low earnings. You must save at least 100,000 euros and definitely increase your income.

Then you can hold on to your dream again.
 

M4rvin

2019-01-26 23:40:12
  • #4
Just look for a cheaper plot, it doesn’t have to be directly in Lauf or Hersbruck. If you manage to build up 10-15% equity, Labo would give you a cheap second-tier loan!
 

Elina

2019-01-27 18:23:25
  • #5


Well, it doesn't have to be. If I think about it now, I pay about 750 euros per month for my car loan. The car cost 16,000 euros, but it is being paid off as quickly as possible. At the time of purchase, I didn't know if I would still have a job next year. But the old one had to be replaced, it was "now or never."
Therefore, out of 960 euros income, 750 went towards the car. The rest for student loans.
Luckily, the contract is not only permanent now, I’ve also been earning 600 euros more since January.

To the OP: does it have to be a new build? If a house, why not a good used one a bit further out. You can manage with half the price. Especially since calculated construction costs often rise unpredictably. You certainly don’t want to lose sleep over it.
 

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