Financing of construction projects

Hello Joe,

we are moving within a similar income and credit framework and I would also increase the repayment. We have set a flat rate of €1000 plus €300 ancillary costs. A €900 rate should be doable for you. Just calculate it in Excel for yourself :)

Edit: Please add a little more to the costs for the outdoor area.

Regards, Rina

Hello Joe,

we are operating within a similar income and credit framework and I would also increase the repayment. We have set a flat rate of €1000 plus €300 incidental costs. A €900 rate should be feasible for you. Just calculate it in Excel :)

Edit: please add a bit more to the costs for the outdoor area.

Regards Rina

hello :-)

do you have a building savings contract running at the same time for the follow-up financing?

Don't you have a wardrobe in the dressing room? Otherwise, open shelves and clothes rails also cost money. A bed with decent slatted frames and mattresses as well. In the living room, 5 k€ can also be spent very quickly. Otherwise, depending on the quality of the materials and wardrobes used, the offer is indeed very good. What type or size of house are we actually talking about?

I have roughly calculated the financing: If I assume your figures: For the first 15 years a total rate of €902 and afterwards a total rate of €736 + €700 = €1436, the interest rate can rise to 4% after 15 years without the [Bausparer] being cheaper. If, for example, special repayments are planned, the interest rate can rise even further, until the [Annuitätendarlehen] is cheaper.

I roughly calculated the financing:
If I take your numbers:
Assuming a total rate of €902 for the first 15 years and then switching to a total rate of €736 + €700 = €1436, the interest rate can rise up to 4% after 15 years without the building savings contract being cheaper.
If, for example, special repayments are planned, the interest rate can rise even further to the point where the annuity loan is cheaper.

How do you come to €736 + €700 and above all, who wants to pay €500 more in x years anyway?
Even if you certainly experience some salary increases and inflation reduces the value of money by then, I prefer a constant rate, especially if you want to have children later, which are not cheap.

Don’t you have a wardrobe in the dressing room? Otherwise, if you have open shelves and clothes rails, those also cost money. A bed with proper slatted frames and mattresses as well. In the living room, 5k€ can go very quickly. Otherwise, depending on the quality of the materials and wardrobes used, the offer is actually very good. What kind or size of house are we actually talking about?

We are not planning a wardrobe and want to keep the dressing room rather open. I think in terms of price this is significantly cheaper than a good wardrobe. We are talking about 140m², but 2 children's rooms will not be furnished at move-in. We could get a super nice kitchen for about 10,000€....for the rest about another 10,000€, if it comes to 12,000€ now that’s also okay. We have about 10,000€ credit for the outdoor area + furniture and 45,000€ equity available (if we can save as we imagine over the next 12 months)

Of the 45,000€ equity, 20,000€ would be for furniture and possibly 12,000€ to pay off a car loan. But we would let that wait for now...