Dachschaden
2016-03-19 01:46:44
- #1
Good evening, good night,
we have been thinking about building a house for a few months. I could buy a plot of land that is very small and expensive, but in a great location. The costs amount to 75,000. I have also requested offers for house construction; turnkey, my desired house costs 280,000.
I am also budgeting 10,000 for a kitchen and 35,000 for incidental costs, making a total of 400,000 euros. Through personal contributions, we can reduce the costs by a few tens of thousands because we can get several trades very cheaply. On the other hand, we might still need a reserve. However, our equity is only 20,000 euros, so I would rather speak of full financing.
We are in our early 30s and have two small children. Our net income is about 5,500 euros. Special payments are not included. Currently, we pay 1,400 rent + 400 incidental costs, and I would prefer not to invest the money in the interest of my landlord's loan. We save about 400-500 euros per month on average. However, we prefer to spend the money rather than invest it for low returns (you only live once).
The question is, what interest rate can I expect at the bank? Is 2% realistic with a 20-year fixed interest period? Is my project too risky?
If I pay 100 euros monthly into a building savings contract after buying the house to cover repair costs later, e.g. in 20 years, is that enough?
Perhaps one more question on the side: What can a shell construction cost, including planning, structural engineering, formalities, construction site setup? The house should be about 14x9 meters in size, with double-shell masonry (Poroton, core insulation, clinker bricks), with a Frisian gable, approx. 150m² of living space.
Thanks for any feedback.
we have been thinking about building a house for a few months. I could buy a plot of land that is very small and expensive, but in a great location. The costs amount to 75,000. I have also requested offers for house construction; turnkey, my desired house costs 280,000.
I am also budgeting 10,000 for a kitchen and 35,000 for incidental costs, making a total of 400,000 euros. Through personal contributions, we can reduce the costs by a few tens of thousands because we can get several trades very cheaply. On the other hand, we might still need a reserve. However, our equity is only 20,000 euros, so I would rather speak of full financing.
We are in our early 30s and have two small children. Our net income is about 5,500 euros. Special payments are not included. Currently, we pay 1,400 rent + 400 incidental costs, and I would prefer not to invest the money in the interest of my landlord's loan. We save about 400-500 euros per month on average. However, we prefer to spend the money rather than invest it for low returns (you only live once).
The question is, what interest rate can I expect at the bank? Is 2% realistic with a 20-year fixed interest period? Is my project too risky?
If I pay 100 euros monthly into a building savings contract after buying the house to cover repair costs later, e.g. in 20 years, is that enough?
Perhaps one more question on the side: What can a shell construction cost, including planning, structural engineering, formalities, construction site setup? The house should be about 14x9 meters in size, with double-shell masonry (Poroton, core insulation, clinker bricks), with a Frisian gable, approx. 150m² of living space.
Thanks for any feedback.