Financing - what is realistic?

  • Erstellt am 2014-08-17 10:32:32

Bauherren2014

2014-08-17 15:25:28
  • #1
Phew, that is actually very little. I know that 3 children together consume quite a lot of money, but that also means you have around 3000 € per month in living expenses.

Even if the 200 euros were not needed for higher additional costs, you still need them at least as a minimal reserve for the house. So in the end, maybe only 500 € remains for the loan. But you can’t finance 250,000 € with that. Actually, you can’t buy a house with that at all.

And before the argument comes that you could save more now because you are saving for the house: That may be true and surely, if you make an effort,
 

Bauherren2014

2014-08-17 15:27:21
  • #2
Sorry, wrong key, I actually wanted to write something else :-)

Certainly, you can save another 100 or 200€ here or there if you make an effort, but saving 500 or more euros in the long term to achieve a somewhat realistic loan rate, I consider very unrealistic.
 

toxicmolotof

2014-08-17 18:17:06
  • #3
In short: You have a fairly high standard of living, which makes financing a house initially unrealistic.

Task: Keep and analyze a household budget book for at least 1 year.
 

Username_wahl

2014-08-17 23:46:36
  • #4
Hello, sorry, my wife had to correct me, the cold rent is not 460 but 550 €, the rest remains the same.
 

toxicmolotof

2014-08-18 00:14:21
  • #5
Then you have, excluding higher additional costs, a whole 750 euros left monthly for loan installments... This will be a very tight situation, unless you cut back elsewhere, and believe me, that is harder than you think.
 

Bauherren2014

2014-08-18 06:43:45
  • #6
That still doesn't fit at all. The 200€ he is saving now is simply not available for the loan payment, see post above. And even if he were to use it for the loan payment: At the latest when the first thing on the house needs to be done (and that generally happens sooner than in a new building), the whole financing will collapse.

And even if he could manage 750€: With that, for the desired loan amount, he could at most afford a 1% repayment, meaning a loan term of 45+ years.

Wherever the high expenses come from, in the current situation a house purchase in that price range, let alone a new building, is not feasible.
 

Similar topics
11.06.2013Radiator in the new building?13
13.10.2020Renovate a used house or build a new one13
12.10.2013New construction on communal property, tax issue16
22.11.2013Costs of inheritance, demolition, new construction15
11.02.2015Cost planning for a single-family house including land, additional costs, architect32
08.01.2015How is the amount of the land charge determined in the case of a new construction?14
15.06.2015Property and additional costs - is the construction sum realistic?16
04.03.2016Additional costs KfW55 experiences21
18.05.2016Additional costs when purchasing a plot of land - property tax?55
17.01.2017Additional costs of a finished house23
05.01.2018Additional costs and reserves? What are you planning there?62
02.05.2018ETW: Additional costs during ownership transfer11
16.05.2018Preparation of monthly additional costs. Can I find something like this somewhere?27
15.05.2020Additional costs after building the house52
10.03.2021Is our new building realistically financeable?89
12.04.2021How high are the additional costs for a KfW55EE house?10
29.03.2022Gas heating with solar thermal in new construction24
06.12.2022Assessment of whether house construction and loan installment are realistic or not?38
12.07.2023Calculation of ongoing ancillary costs64
06.06.2024Is a new building financially feasible for us?15

Oben