House and property €284,000 financeable?

  • Erstellt am 2017-07-31 23:45:21
M

markus2703

2017-08-01 07:53:25
  • #1
I can only agree with HilfeHilfe. As soon as the big baby boom starts in the surroundings, many women want that too. No matter what was said before.

The offer also states:

The price applies to the single-family house ready for furnishing including the land plus additional construction costs.

==> since no equipment/details are listed either, I assume a maximally technically finished house, otherwise nothing should be included yet.

Get advice from Bien-Zenker and then you will have a real offer, but it will probably be at least €50,000 more.

Apart from the house price, you will also need money for outdoor facilities (min. €20,000!), kitchen (approx. €7-10,000), various lamps (expensive) and possibly furniture.
 
L

Limofant

2017-08-01 07:59:13
  • #2
Hello,

So regarding the children, I can reassure you that this will definitely not be the case with us!
(There are reasons why I can say this for sure)

Yes, you are right about the green area and that!
However, I am not worried about the garden because my brother is a landscaper!

And where is the equity?
Well, it’s in the garage and was not really saved aside.

Thanks to everyone
 
Y

ypg

2017-08-01 08:30:48
  • #3
It is always the worst approach to start dealing with house construction because of such an offer. The final price does not stay as is, and in addition, the offered plot can only be realized with Bien-Zenker. You then have to pay the real estate transfer tax for both the land AND the house. The pictures are full of additional features, so you are dazzled. The offer usually extends to a normal gable roof house without knee wall, color scheme, or bay window. Comfortable technology means extra cost. Planning a house without children naturally works better and will also be possible for you, but it is better if equity covers the necessary incidental costs. In addition, one should question whether a completely different house type or location, i.e., independent searching for land and then building a house with an independent general contractor, might be a better fit.
 
Z

Zaba12

2017-08-01 08:42:12
  • #4
Actually, you can save yourselves the trip to Bien-Zenker.

The calculation is rough but relatively simple. Everyone just has to decide if they want that.

House + land: 284k€
Additional construction costs + ENK: 40k€
Outdoor facilities: 20k€
Carport: 10k€
If applicable, upgrade + surcharge for excavation: 15k€
Total: 369k€ excluding the kitchen.

You can possibly get the 20k€ ENK at 4% interest over 10 years with 8% repayment. The rest 349k€ at 2.55% with 1.5% repayment over 15 years.

This results in a monthly burden of 1177€ (main loan) + 200€ (ENK) payment plus 400€ additional costs.
This totals about 1777€ for the house.

And if I miscalculated somewhere, we can assume 1700€. Thus, almost 50% of the household income goes towards the house.

And after 15 years you will still have 250,000€ in debt.
 
H

HilfeHilfe

2017-08-01 08:56:49
  • #5


Nice number game, unfortunately it fits.

Nice that the equity capital is tied up in the garage. That’s legitimate too. But whether you then really want to live only for the house....

Everyone has to decide that for themselves
 
L

Limofant

2017-08-01 08:59:36
  • #6
Well, you know when you earn good money at 19, unfortunately you're just not that smart yet and don't necessarily think about the future!
 

Similar topics
20.07.2011House construction: Equity / incidental construction costs realistic?14
13.03.2013Can I afford to build a house?15
05.02.2014Costs/planning land, additional construction costs, turnkey, etc.27
19.08.2014Home construction financing - House price and ancillary construction costs27
21.08.2014Is financing without equity realistic?19
29.01.2016At what value is the property assessed during financing?24
15.08.2016Property - Building window - Location of house and garage44
30.09.2016Equity understanding problem41
08.12.2016Financing KfW55 efficiency house, land and outdoor facilities19
05.05.2017Land purchase + house construction possible? Up to 350k equity, 3k net monthly.17
10.02.2020Place house, garage / carport on the property93
28.01.2020Dream of the house realistic? - hardly any equity42
06.05.2020Feasibility single-family house + land 550k-600k NRW75
29.05.2021Enough equity? Will we even get a loan?30
07.09.2020Application phase land - How do I finance everything?25
13.10.2020Land available - ancillary construction costs, ancillary house costs, financing?34
11.04.2021Financing single-family home - land available35
11.04.2022House construction 2024, affordable with little equity?74
05.09.2022Buy the plot separately or finance it together?15
07.03.2023Dream of building a house 2025/26 realistic? Currently hardly any equity, but we are fighting!52

Home financingHouse construction planning
Shell constructionInterior constructionRenewable energies
Building technologyExterior facilitiesFlooring
IKEA
Oben