Funding feasible or realistic

That is your said index finger, you teacher, you!

Maybe you should just start reading in the forum instead of having all the info shoved up your ass.

Thanks again for that... I would like to point out once more that I originally asked about the feasibility of financing and not about details of house construction.

But nevertheless, I am of course happy to take on board sensible comments and suggestions.

In this spirit, I wish you a pleasant evening as well

Best regards, Bram

Feasibility of financing .. yes, that was the question. First of all, it is necessary to determine whether the basis is correct. For pure installment calculation, you only need the next annuity calculator or an Excel sheet and can try for yourself whether the determined credit amount is manageable.

We could certainly have calculated beautiful installments for you. But it’s being read along and thought through, and then there are comments about what was forgotten here and there, and there are notes that the determined costs of today are not rounded down but rounded up and supplemented with a surcharge.

Because if several of your items are already inconsistent in themselves, then the final amount is not correct at all.

An important factor in the feasibility of financing is the financing volume. If this is evidently set too low, the rest of the discussion becomes unnecessary.

An important factor in the feasibility of financing is the financing volume. If this is apparently set too low, the rest of the discussion becomes unnecessary.

Correct, otherwise you have to start a second discussion: can I afford additional financing?

I might be harshly criticized for this post, but I still want to briefly add my two cents.

We signed in June 2017, construction started in October, and we moved in July 2018. We built about 40 km east of Dortmund. According to the contract, our house cost 216,000 euros, and a 6x3m prefabricated garage was included.

Our salary situation was very similar to yours, we just didn’t even have a third of your equity. If I had inquired about this project here back then, I probably would have been massively scared and intimidated. Whether the construction would have ever happened – rather doubtful.

I just want to say that these inquiries here make sense, but often only the worst case is considered. As I said, sensible, but sometimes also a bit disturbing.

For example, our garage was calculated at 6,000 euros, and that already included an outlet as well as an interior and exterior lighting point. The foundation too. When I read here that a garage costs 15,000 euros and then you have to calculate a few thousand more for the electricity, I wonder what kind of luxurious garage that is supposed to be.

Our plot was quite cheap at 50,000 euros, so in the end we only took out 310,000 euros and even had a few thousand left over at the end. I realize that maybe we are not the rule, but it doesn’t always look as bleak as one might get the impression here. (We also had some problems, you can read about them here, but these only cost us nerves and time.)

I don’t want to attack anyone posting here, just shed some light where there is a lot of shadow.

Regards

P.S.: Of course, I want to join the previous posters regarding the land. At least for us, that was harder to find than someone who builds a house on it. So first find the right land.

The first cliché mistake you have made - in my opinion - is that you chose a floor plan (according to your statement your optimum) without having the suitable plot for it.

You have now also heard that it can be done cheaply. It just requires decisiveness – namely to reject all options that cost more money than originally planned/available. Of course, that is possible too, but you should (!) determine and weigh everything beforehand and not only during the construction process.

Since you can read various things here and basically do not want to know anything about possibly missing items, I’m out.