Financing purchase of existing house BW, 800-850k€

  • Erstellt am 2021-12-08 14:01:55

Proeter

2021-12-08 19:51:29
  • #1
As an introduction to this topic, I can highly recommend the YouTube channel "Baufinanzierung tv." It is run by a financing advisor who develops a financing concept using concrete listings on Immoscout as examples and evaluates the properties in the process. This provides an interesting insight into the approach. If you display all the videos on his profile, you will find several examples on the mentioned topic from two months ago (Forsbach, Zündorf, Bensberg, Overath). By the way, this is not an advertisement, if only because the author of the videos is not active in your region at all.
 

Wassermann

2021-12-09 06:58:42
  • #2
I agree with .

For me, having children is simply too tightly budgeted.

Keep in mind: not every child is perfectly healthy and "easy to handle."
Dreams of both parents working full-time quickly come crashing down.

And then it gets really tight. You turn over every euro, the mood becomes bad, and under certain circumstances, that might be the end of the happy relationship.
Possibly with the house too.

Sorry for the pessimism, but that’s exactly how I have often experienced it.

Choose something that you can manage in the medium term with just one income if necessary. Lower interest rate advice, long fixed interest period.
 

Hausbautraum20

2021-12-09 07:08:17
  • #3
Overall, I agree with the issue regarding the children. On the other hand, the two are still very young and have good jobs. When we started over a year ago, many considered our 5000 net for 470k borderline because we didn’t have children yet. Meanwhile, we have 6000 net and can save a lot extra until children arrive in 2-3 years. Then maybe a few tighter years will come, but in 10 years you can work more again and inflation alone has probably already turned the 6000€ into 7000€. So overall, I do think it could work for you as well. Of course, nothing major must go wrong. And you have to cope mentally with the mountain of debt.
 

Wassermann

2021-12-09 07:27:19
  • #4


470k debt with 5k net income is something completely different than 700k debt with 6k net income. There is a difference of 20 net salaries.

But of course, it is manageable. I just wanted to express my concerns based on my experiences :-)
 

Tom1978

2021-12-09 07:39:56
  • #5
I find it somewhat strange that BORIS is used here as the land value. We have often experienced that it does not come close to the market price. At 200 €/sqm, I would assume at least 400 €/sqm. In our case, the factor is 4. Or you could take a look at the sales offers for plots in the municipality. If there are none, then I would rather assume an even higher price per sqm. Consequently, the price per sqm for houses would fall accordingly.
 

saralina87

2021-12-09 07:56:51
  • #6
I fully understand the intention behind it, of course. I would just find it more sensible the other way around. But maybe I am just too cautious – I would rather have a small installment than a risky one (with children). Everything left over is parked in ETFs, but I sleep better knowing that the house and the child can definitely be covered from the current account.
 

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