Financing project single-family house in Central Hesse

2018-06-26 15:41:40

The house price may be about right in Lower Saxony, but never in the Frankfurt metropolitan area. has broken it down realistically, nothing happens below that and no special gimmicks are included. So please add roughly 100k right from the start and try to get a 95% financing. It should be 2.1% with otherwise good creditworthiness, with 2% repayment about €1650 monthly installment. What happens during the time the woman does not work at all because of child number 2? It doesn’t always go so smoothly that you can immediately return after parental leave. Still doable, but please approach it realistically.

2018-06-26 16:00:59

If it should become that much more expensive, I do not see the project optimistically. The income is not particularly high (in which industry does a PM earn so "little"?) and the 95% financing will then really become expensive and lengthy.

2018-06-28 16:17:54

& Thanks. Yes, we are currently with an advisor. Friends of ours have had very good experiences with this and so far we also feel well taken care of. But I will check again if 20 years are somehow possible.

The option mentioned above with Naspa and KfW was a current daily option. A few weeks ago, we were still recommended the Ing-Diba. So we are not fixed there.

We calculated with the advisor and our general contractor that the additional costs for KFW 153 are currently not worthwhile since the interest rates are so low... But I will bring that up again. Thanks. 2053 is a terrible number. However, we expect to be able to make special repayments from time to time (bonus payments, etc.) and thus finish earlier.

2018-06-28 16:32:59

I will revise the cost breakdown once again, it no longer seems consistent to me. Sorry for that.

The construction electricity and construction water are covered by the GU, as regulated in the contract. This also applies to all earthworks and soil removal.
I can request quotes, but it won’t help me. The entire construction area was developed by this GU and one is forced to also build with them.
However, it is a local provider (same location as the construction site) with a very good reputation, and we know several people who have built with the company. Everyone is satisfied.

Adding an extra 100 is not an option. The amount of the current financing actually represents the maximum we want to take out. We are currently checking whether our parents can/want to contribute a bit more. But we would rather change the construction plan again to make it cheaper than taking out more money.

2018-06-28 17:31:18

I will revise the cost breakdown again, it no longer seems consistent to me. Sorry about that.

The general contractor (GU) covers construction electricity and construction water, this is regulated in the contract. This also applies to all earthworks and soil removal.
I can get quotes, but it won't help me. The entire construction area was developed by this GU and one is forced to build with them as well.
However, it is a local provider (same place as the construction area) with a very good reputation and we know several people who have built with the company. Everyone is satisfied.

Adding an extra 100 is not an option. The amount of the current financing actually represents the maximum we want to take out. We are currently checking if our parents can/want to contribute a little more. But we'd rather change the construction plan again to make it cheaper than taking out more money.

Hello, sounds familiar from tomorrow. May I ask roughly where you are building? We also bought from a GU, his land his rules. However, for example, we secured in the protocol/purchase contract that earthworks, development costs are included. The developer made all the roads in the area, etc., and transferred them back to the city. That was probably the deal.

2018-06-30 20:00:34

The house price may be accurate for Lower Saxony, but never for the Frankfurt metropolitan area

But this is not about the Frankfurt metropolitan area, rather about central Hesse. It is definitely much cheaper here.

Who are you building with? Or roughly where?

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Financing project single-family house in Central Hesse

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