guub_baut
2025-10-20 17:12:35
- #1
Hello,
I’m new here in the forum, so far just a silent reader.
We have been gifted a plot of land. We now want to build something reasonably large.
So far, we have been able to live very cheaply through connections ("Vitamin B"). We want to know what we can reasonably afford. We struggle with high rates, but renting would probably be much more expensive here in Hamburg.
Using the calculator from Finanzfluss, we come to approximately 650,000 to 700,000 euros when entering current interest rates. But the rate somehow feels too high for us.
It would be nice to have as low rates as possible in the first 5 years to be able to take parental leave or work part-time for a year. My wife can later work when the children are teenagers. But it would also be nice if that only needed to be to a small extent.
What questions and suggestions are there?
Thanks!
General about you:
Income and asset situation:
Expenditure situation:
Costs stated monthly
Housing costs: total 1030
Mobility costs: total 200
Insurance costs: total 650
Living costs: total 2400
Savings: total 200
Other expenses:
Income and expenditure totals:
General information about the property:
Cost summary:
Necessary loan details:
I’m new here in the forum, so far just a silent reader.
We have been gifted a plot of land. We now want to build something reasonably large.
So far, we have been able to live very cheaply through connections ("Vitamin B"). We want to know what we can reasonably afford. We struggle with high rates, but renting would probably be much more expensive here in Hamburg.
Using the calculator from Finanzfluss, we come to approximately 650,000 to 700,000 euros when entering current interest rates. But the rate somehow feels too high for us.
It would be nice to have as low rates as possible in the first 5 years to be able to take parental leave or work part-time for a year. My wife can later work when the children are teenagers. But it would also be nice if that only needed to be to a small extent.
What questions and suggestions are there?
Thanks!
General about you:
[*]Who are you? Married couple
[*]How old are you? 33
[*]Are there children? 3
[*]Are more children planned? rather not anymore
[*]What do you do professionally? Civil servant in Hamburg, A13, level 3 ("Gehaltsrechner Öffentlicher Dienst" [Link removed]), housewife
Income and asset situation:
[*]What income do you have (gross/net)? 5600 net
[*]How much child benefit is there? 777
[*]Other transfer payments such as parental allowance, sickness benefit, etc...? Rather not.
[*]How much equity do you have? 180,000
[*]How much equity do you want to invest in the house project? 150,000
Expenditure situation:
Costs stated monthly
Housing costs: total 1030
[*]current cold rent 700
[*]plus electricity, gas, water, sewage, garbage 300
[*]telephone, internet, mobile phone 30 (children are getting older)
Mobility costs: total 200
[*]monthly ticket for bus and train (also for the children!) 0
[*]car loan (or savings rate for new car) 50
[*]taxes and insurance 60
[*]fuel 90
[*]repairs ?
[*]Is there a second car, motorcycle, scooter? No.
Insurance costs: total 650
[*]private health insurance (also supplementary health insurance, daily sickness benefit etc.) 610
[*]liability insurance (also pets) 15
[*]capital or risk life insurance 0
[*]pension insurance (also Riester, Rürup, etc.) 0
[*]disability insurance 0
[*]accident insurance 0
[*]household insurance 0 (currently) -> 25 (with new build)
[*]legal protection insurance 0
[*]other insurances (such as travel insurance, funeral insurance) 0
Living costs: total 2400
[*]food, restaurant costs, care/drugstore, medication, clothing, toys, gifts 1500
[*]furniture 0, included in construction sum
[*]daycare/school fees (and meals), tutoring, school materials and books 200
[*]club fees/gym 100
[*]donations 600
[*]other
Savings: total 200
[*]vacation 200
[*]house 0
[*]retirement provision 0
[*]hobbies/gifts see above
[*]other
Other expenses:
[*]maintenance payments? No.
[*]loans? No
[*]other? No
[*]Was anything forgotten? Then please indicate here at the latest! Nothing noticed.
Income and expenditure totals:
[*]total income 5600+777=6377
[*]total expenses 4480
[*]thereof cold rent and dispensable savings (e.g. savings rate for house) 700
[*]income - expenses: balance 1897
[*]income - expenses + cold rent = approx. 2500
General information about the property:
[*]How big is the plot? 350 sqm
[*]What are its dimensions? 16m x 22m.
[*]What is the land value? 740
[*]new build, old building (year of construction), house type? new build
[*]garages? one or carport
[*]other information about the plot: GRZ 0.4. Two full floors allowed
[*]How big is the house? (living area / usable area) first idea is 130 to 150 sqm
[*]What is the market value of the plot and house after completion? 220,000 plus house value
Cost summary:
[*]total costs part of our question
[*]deductible equity 150,000
[*]financing amount part of our question
[*]reasonable rate for loan part of our question
Necessary loan details:
[*]loan amount part of our question
[*]loan type annuity loan preferred. Combination of ifb ("Eigenheim Darlehen") and bank and possibly kfw300 or other kfw programs
[*]interest rate (p.a. nominal, otherwise effective) mixed rate depends on whether with kfw300 or another program
[*]interest fixed period ifb 15 years, others preferably 20
[*]remaining debt at end of fixed interest period initially irrelevant
[*]fictive total term until full repayment preferably 30, maximum 35 years
[*]initial repayment rate initially irrelevant
[*]monthly rate part of our question
[*]special repayments possible? (specify amount) please gladly, not more than 5% necessary.
[*]repayment rate change possible? (state conditions such as number, repayment rate range) could be very useful, but does not work with ifb and/or kfw