Financing / costs of the construction project realistic?

Rent out condominium via AirBNB. There is more to earn than with regular renting.

Renting out a condominium via AirBNB. You can earn more than with regular renting.

Depending on where it is located, that can be very lucrative, but it is also a lot of work. Be that as it may, I think the situation is already significantly better in terms of conditions than much of what we read here. Here, no matter how you look at it, there is almost 700k equity available. Who already has that?

Renting out a condominium via AirBNB.

Depending on where it is located, it can be very lucrative, but it’s also a lot of work.

Phew, when I read something like that… elsewhere people are discussing the heated housing market. Whether it’s legal or not, morally valuable: the work of cleaning after the rental remains. I always have to think of an acquaintance on vacation who complained to us that his poop streaks in the toilet weren’t even removed by the cleaning staff. You can later read that as a negative review, also that there was a spider web on the balcony. If that’s the quality of life you want? Go for it!

Either the cold rent of the apartment is set far too low or the value is set far too high. Currently, the value would be at 44 annual rents, which is set way too high given the current interest rates. What else does "sale not yet possible" mean? Speculation tax? If you live in it yourself, then only a 2-year period applies.

Then the question remains how many children there should be and what the two individual incomes look like. Costs should be calculated with children if they are firmly planned – I would say it could be tight with 2.5k.

Otherwise, theoretically, you seem to be able to cover most of the costs from equity, so...

Hi,

Income and asset conditions are good.
Questions I would ask myself:
- why is the condominium not sellable? What stands in the way? It is the most sensible option to use the equity.
- how is the desire to have children planned and does it take into account the impact on income conditions? I wrote it elsewhere yesterday: nothing worse than the desire to have children having to take a back seat to financing, and then the woman’s biology understandably pulling the emergency brake in 10 years
- I consider 50k for interior design and outdoor facilities to be rather tight

Either the cold rent of the apartment is set far too low or the value is set far too high. Currently, the value would be at 44 annual rents, which is much too high given the current interest rates. What else does "sale not yet possible" mean? Speculation tax? If you live in it yourself, then only a 2-year period applies.

I was always laughed at when I assumed a purchase price of 35 annual rents for my place. But I know that in Munich it is sometimes well over 50.