ArmAberSexy
2021-12-09 17:24:07
- #1
The discourse that has arisen here is really very interesting :)
I can understand a lot, especially given the different "risk profiles" of the individual. In particular, the point about double full-time when there will prospectively be 2 children. I have often modeled this everyday life in my mind – and I am also convinced that it can work – but the consequences for private life when family and work then have priority number 1 still make me shudder.
Thank you very much for taking the time to look at the listing! But I would like to counter a few points:
1. This is not even a “better” village. It is just a village with an acceptably good A5 connection. That is why I would never value the land price at more than €400/m² without feeling really cheated (this is roughly the price every acquaintance of mine in the immediate area has paid so far and which I actually still find too high). For this reason, I find the resulting valuation of the house at least a bit too high. When I consider what companies have offered me for houses for €700k+ which I also get to help design myself, are energetically state-of-the-art, and are not significantly smaller, I can only come to one conclusion. Please counter argue this here.
I ultimately cannot shake the thought that the land prices just cannot be considered linear in value because plots beyond a certain size simply are no longer available, while the 150–250m² plots on which developers want to place their row houses for reasons of efficiency are basically “thrown in” as a package.
2. Your figures/assumptions definitely apply to a rental agreement. However, the current owner has always offered these on a platform basis (AirBnB, Booking.com, etc.), where, according to my research, prices of up to €50/day can be charged for such a nice apartment. This is very clever + practical because:
Feel free to counter-argue here as well. My information is based on friends whose parents offer holiday apartments in a similar way, myself having used this abroad, and of course the current landlord’s details. The disadvantage is of course a somewhat higher administrative effort, but onboarding a new guest every few weeks doesn’t bother me at all, it pays off and we enjoy meeting new personalities (whom we could even choose depending on the case hehe).
We are definitely speculating in the whole plan on corresponding salary increases in order to then reduce the workload to at least 60-80% without losses. A net salary increase of €150-200/person*year as an entry-level employee within the first 5 years is almost standard to retain employees in the industry (and has been proven in the last 2 years) and is very likely in our (naive?) eyes so that you almost have to reckon with it.
I can understand a lot, especially given the different "risk profiles" of the individual. In particular, the point about double full-time when there will prospectively be 2 children. I have often modeled this everyday life in my mind – and I am also convinced that it can work – but the consequences for private life when family and work then have priority number 1 still make me shudder.
I have now also taken a closer look at the house.
It really is a nice, large architect’s home. The renovation also looks very good; they will meet the energy standards.
But those are not really that important.
You won’t be buying the house anyway. It’s pure dreaming and not market-related that you have a chance with your offer.
The asking price will be paid, at least.
Furthermore, even at 800k, the house is simply too expensive for you. The equity is great, but the income is too low. With a child, it just doesn’t add up anymore. The previous posters are right, working full-time with a child really has to be what you want; I wouldn’t want to subject my family to that just for a house.
Another note: The rent calculated for the granny flat is far too optimistic.
First, the assumed €800 is the gross rent, from which a lot will still be deducted.
Second, nobody in a better village pays €800 for a 38m² basement granny flat. I would have the seller show me the rental contracts; in my opinion, that’s nicely calculated / lied. Realistically, you’ll get about €450 cold rent for the flat.
Even if you could afford the house, I would consider whether I would want to take on such a huge place at all. It all has to be furnished, cleaned, maintained, etc. What do I want with an (expensive) pool right on the terrace if I’m planning children? That’s a death trap, nothing else, with toddlers.
tl;dr The house is too big and too expensive for you. Look for something that fits your means.
Thank you very much for taking the time to look at the listing! But I would like to counter a few points:
1. This is not even a “better” village. It is just a village with an acceptably good A5 connection. That is why I would never value the land price at more than €400/m² without feeling really cheated (this is roughly the price every acquaintance of mine in the immediate area has paid so far and which I actually still find too high). For this reason, I find the resulting valuation of the house at least a bit too high. When I consider what companies have offered me for houses for €700k+ which I also get to help design myself, are energetically state-of-the-art, and are not significantly smaller, I can only come to one conclusion. Please counter argue this here.
I ultimately cannot shake the thought that the land prices just cannot be considered linear in value because plots beyond a certain size simply are no longer available, while the 150–250m² plots on which developers want to place their row houses for reasons of efficiency are basically “thrown in” as a package.
2. Your figures/assumptions definitely apply to a rental agreement. However, the current owner has always offered these on a platform basis (AirBnB, Booking.com, etc.), where, according to my research, prices of up to €50/day can be charged for such a nice apartment. This is very clever + practical because:
[*]There is a lot of demand for this kind of flexible accommodation
[*]You do not have to enter into a rental agreement with all the contractual obligations
[*]More income can be generated
[*]The platforms offer the possibility to market it as a long-term accommodation (1 month+) which companies especially like to use for their employees as an alternative to hotels
Feel free to counter-argue here as well. My information is based on friends whose parents offer holiday apartments in a similar way, myself having used this abroad, and of course the current landlord’s details. The disadvantage is of course a somewhat higher administrative effort, but onboarding a new guest every few weeks doesn’t bother me at all, it pays off and we enjoy meeting new personalities (whom we could even choose depending on the case hehe).
We are definitely speculating in the whole plan on corresponding salary increases in order to then reduce the workload to at least 60-80% without losses. A net salary increase of €150-200/person*year as an entry-level employee within the first 5 years is almost standard to retain employees in the industry (and has been proven in the last 2 years) and is very likely in our (naive?) eyes so that you almost have to reckon with it.