Fixed interest rate financing without equity?

@ Andreas,

Bavaria has some of the highest construction prices in Germany. Even if you build on the outskirts of Bavaria, it will probably be somewhat cheaper, but not that inexpensive. I usually assume € 1,600.00/sqm/Kfw 70 for Bavaria - for medium standard and "only" the house without painting and flooring. I also want to point out that the price per sqm increases the smaller the single-family house is designed!

A semi-detached house of 100 sqm for TEUR 124.5 means a square meter price of exactly € 1,245.00. This is too much for a shell construction but certainly too little for a turnkey object. Therefore, something is not right or services are missing.

You can find information about additional building costs here:

Rhenish greetings

In your list, the notary, the land register entry, and the property transfer tax are missing. Also the new kitchen and 15-20k for the outdoor area. But now to the positive, why can you only pay off so little? With 3800 euros, there should be more possible? Regards

@toxicmolotow & Bauexperte,

The semi-detached house is being built in Middle Franconia. It is not a KfW-70, but a standard-85 house without electric shutters and other frills. The house will be equipped with a gas boiler, no solar system. Basic doors, cheap fittings in the bathroom, tiles costing up to 20 euros per sqm included. It is actually a semi-detached house for a fixed price, which is only equipped according to standard.
Now I really have doubts whether it will work out at all. The builder is also a company from the district, which only gets positive feedback in the Bekkan circle. The price includes earthworks, except for what is stated in the ancillary cost plan.

It is true that notary, real estate transfer tax and court costs are not included. The consultant estimated about 2000 € for this issue, and I said that at least we can manage that on our own, meaning pay it ourselves. Is this amount even enough?

, I estimated the new kitchen at 7-8 thousand euros, since my wife works for a major home appliance manufacturer, we get the electrical appliances at a very good rate. It will be rather standard as well, like everything else in the house.

Regarding the high installments, it is in principle, of course, possible. But I do not want to burden my family that much. Although we do not live in a world of luxury, I do offer my family quite a bit and the home should also continue to allow this possibility, even if it will not be as generous as before. I do not want the dream of a house to quickly turn into a nightmare. It was never really a dream for us, only with this offer I thought that instead of paying higher rent, I would rather pay for something of our own. But now it somehow turns out quite differently regarding the costs.

The real estate transfer tax is 5% of the purchase price, if you buy land and house from the same seller then it applies to both. The 15-20K Euros are waiting for the garden and outdoor facilities, they will come too, maybe not in the first year but they will come. But it doesn’t cost anything to have everything checked by another bank, and in a way that it is paid off by retirement. I built at 44, 210k Euros in debt and I only have "3500 Euros" net income and have a worse interest rate, but I will be done by 65. Regards

Good morning,

I find it irresponsible again that "consultants" push such financing on you. 10 years and 1% repayment. Allegedly, you would make special repayments. With your net income and little equity, special repayment is more a wish than reality. Especially since you will be busy working off the "investment backlog" on the house in the first few years.

Why do you have so little equity with such a good net income?

Maybe they treated themselves to other things, not everyone is late on suspicion, I also never saved little because everything went into a private pension. The question that arises for me is why such small installments with so much net income.
Regards