HansDampf88
2021-12-27 17:37:30
- #1
Hello,
I would like to hear your opinion on our framework conditions:
General information about you:
Income and asset situation:
Expense situation:
Housing costs:
Mobility costs:
Insurance costs:
Living costs:
Savings:
Other expenses:
Income and expense totals:
General information about the property:
Construction or purchase costs:
Other costs:
Cost summary:
Necessary credit information: We do not yet have a loan offer. We want to aim for a rate of €1,300 - 1,350. What do you think? Is this doable with the current income and expense structure? Basically, we would dare to take on a financing volume of €410k - the question is how it would look with a child (part-time salary + child benefit). With a child, we would have a household income of about €4,100. I have concerns about that and have heard many different opinions about it. What is your view? The information is certainly very rough, but the important points fit and the €1,500 savings rate has also been achieved over months. I claim that we can generally handle money very well, but of course, we want to still “live” despite the house. That there will be restrictions with children is clear and no problem for us. However, we don’t want to have to count every single euro.
Thank you very much in advance for your assessment.
I would like to hear your opinion on our framework conditions:
General information about you:
[*]Who are you? 27 both
[*]How old are you? unmarried couple m/f
[*]Are there children? no
[*]Are children planned? Yes, 1-2
[*]What do you do professionally? m project manager in the field of digitization/software development projects, f public service, part-time at the registry office
[*]Are you employed, self-employed, retired, housewife, househusband, etc...? both employed
[*]How many hours do you work? m 37.5, f 39
Income and asset situation:
[*]What income do you have (gross/net)? m €2,500, f €2,000 (side job fluctuating, not included. Likewise, neither both 13th salaries nor his profit sharing, usually totaling €4,500 - 5,000 p.a. - are included; these are intended for vacations, small investments in the property and other expenses). Potential exists, but for now it will not be considered. So we calculate with €4,500.
[*]How much child benefit is there? -
[*]Other transfer payments such as parental allowance, sickness benefit, etc...? -
[*]How much equity do you have? A paid, fully developed plot of land (according to BORIS NRW €57,500 - purchase price was €67,000), also: €40,000 savings - €15,000 kitchen, €7,500 furniture, €10,000 outdoor facilities, €7,500 as a buffer. The plan is that during the construction phase we will also repeatedly contribute from ongoing salary for materials etc. Furthermore, the shell construction + earthworks will be carried out by a friendly construction contractor, and for the interior work we want to contribute as much own work as possible, so the plan is to provide a high level of own work.
[*]How much equity do you want to invest in the house project? Of course the plot of land, not the savings (usage see above)
Expense situation:
Housing costs:
[*]current cold rent €520
[*]current warm rent €595
[*]electricity €65
[*]gas €70
[*]water, sewage, garbage fees, street cleaning included in warm rent
[*]telephone, internet, mobile phone €70
Mobility costs:
[*]monthly ticket for bus and train (also for the children!) -
[*]car loan (or savings rate for a new car) €240
[*]insurance €40
[*]taxes €8
[*]fuel €75
[*]repairs €0 (inspections and maintenance + TÜV included in leasing rate)
[*]other
[*]Is there a second car, motorcycle, scooter? Please provide all points again:
[*]car loan (or savings rate for new car) €0
[*]insurance €25
[*]taxes €8
[*]fuel €50
[*]repairs €0 (inspections and maintenance included in leasing rate)
[*]other TÜV €5 / month
Insurance costs:
[*]private health insurance (also supplemental health insurance, daily sickness allowance, etc.) none
[*]liability insurance (also animals) €8 / month for both together
[*]capital or term life insurance none yet
[*]pension insurance (also Riester, Rürup, etc.) private retirement provision approx. €200 together
[*]disability insurance none yet
[*]accident insurance none
[*]household contents insurance none
[*]legal expenses insurance €12 / month for both together
[*]other insurances (e.g., travel insurance, funeral insurance) none
Living costs:
[*]groceries €375
[*]flat rate for leisure/hobby €500
[*]club fees/gym €65
[*]donations €35 / month together
[*]other €50
Savings:
[*]Currently we save together about €1,500 / month - sometimes a bit more, very rarely a bit less.
Other expenses:
[*]maintenance payments? none
[*]credits? none
[*]other? -
[*]Was something forgotten? Then please add it here at the latest!
Income and expense totals:
[*]total income €4,500
[*]total expenses €3,000
[*]balance €1,500 = savings rate
General information about the property:
[*]How big is the plot? 650 sqm
[*]What is the standard land value? €85
[*]New building, old building (year built), house type? new building
[*]Garages? in the basement, double garage
[*]How big is the house? (living area / usable area) 145 sqm / 200 sqm
[*]What is the market value of land and house after completion? approx. €550k
Construction or purchase costs:
[*]plot costs see above
[*]development costs see above
[*]ancillary acquisition costs (notary, court, real estate transfer tax, broker) see above
[*]construction or purchase costs (incl. architect, structural engineer): according to cost estimate without own work, including incidental construction costs €450k
[*]incidental construction costs (e.g., house connections, soil surveyor, construction power, etc.) see above
[*]outdoor facilities/terrace, paths, garden design, fences, etc. estimated €15,000, the rest must wait for now
[*]financing costs (e.g., fees or provision interest) unknown yet
[*]total costs: approx. €550k
Other costs:
[*]kitchen costs €17.5k
[*]furniture, lamps, decorations €7.5k
[*]other “non-acquisition, acquisition ancillary, construction or incidental construction costs”
Cost summary:
[*]total costs €555k
[*]deductible equity €57.5k land, €7.5k furniture, €15k kitchen, €15k outdoor facilities, €7.5k buffer, own work through shell construction, interior work, earthworks approx. €40k, €5k that we “skim off” during the construction phase for material purchases etc. in between.
[*]financing amount approx. €410k
Necessary credit information: We do not yet have a loan offer. We want to aim for a rate of €1,300 - 1,350. What do you think? Is this doable with the current income and expense structure? Basically, we would dare to take on a financing volume of €410k - the question is how it would look with a child (part-time salary + child benefit). With a child, we would have a household income of about €4,100. I have concerns about that and have heard many different opinions about it. What is your view? The information is certainly very rough, but the important points fit and the €1,500 savings rate has also been achieved over months. I claim that we can generally handle money very well, but of course, we want to still “live” despite the house. That there will be restrictions with children is clear and no problem for us. However, we don’t want to have to count every single euro.
Thank you very much in advance for your assessment.