House Building Forum - Would you buy or build a house again?

Many arguments, but I see some differently. You don’t have to go completely into debt for a house even when you’re younger. Before this, we only had such a crappy terraced house. Yes, a kind of plate with stairs and a woven fence to the neighbor. But the thing was paid off with 50. Now I’m 60, almost anyway, sold it, got a life insurance, and could almost manage the senior residence. Currently, we have 48 thousand euros in debt and 42 in savings. Is saving other ways more effective than with home ownership? No. Because all financial jugglers forget something. The property is on land. Land is like gold, finite. And land retains value regardless of the currency. It is a super safe and guaranteed rising in value investment. I go as far as to say that with free financial resources it’s smarter to buy and lease out 10 hectares of farmland despite 1.8% yield than to do so with stocks. I think one should also think beyond oneself. I always tell the children, we, mom and dad, will leave you something. We gladly do. Not that we renounce everything, but something may well remain. Increase it. For your children etc., we are a tribe, a clan, more than just individuals. We will live on in you. Karsten

The country is the only thing worth working for, fighting for, and dying for. For only the country is eternal, nothing else.
Gone with the Wind

The country is the only thing worth working for, fighting for, and dying for. Because only the country is eternal, nothing else. Gone with the Wind

Gone with the Wind is also no longer up-to-date - we have a hereditary leasehold - and we have chosen that quite consciously.
I prefer to work for my comfort - the land does not have to be my property for that.


Karsten, I think that once you already have a second or third property, you think and act differently anyway.
You have now consciously taken a more frugal approach, we, for example, have also built differently on purpose. Everything is payable through the income from the first property.

The illusion of retirement provision... was it , whose parents have now paid everything off at 50+?
Congratulations, because now the house is aging: if nothing is done now, it will not bring anywhere near what was invested when sold. Consider that they still had interest payments, which hardly any TE can afford here.
There is no leaning back. Keep your eyes open and don’t become blind to operations. Otherwise, the land will only be sold on the market minus the demolition costs of the house.

Yvonne, the tenant is also involved in maintenance costs. He just doesn’t notice it. As a landlord, you roughly calculate rent like this. Invested capital, 5% return before taxes plus 1.5% of the property value surcharge for maintenance. Plus other incidental costs. Example. Price residential units 200, land 100 equals 300 times 5% equals 15 plus 1.5% of 200, land requires no maintenance, equals 3. Total 18 divided by 12 installments gives a base rent of 1500,- for a house like yours. An apartment is certainly cheaper, land share decreases the more residential units there are per sqm. There are certainly locations where I can’t apply the 5%, but other locations where I may achieve 6%. In any case, the tenant also pays something for maintenance, only the landlord really has to set that aside, otherwise it can get tight for him. Karsten

The illusion of retirement provision... was it , whose parents have now paid everything off at 50+? Congratulations, because now the house is aging: if nothing is done now, it won't bring anywhere near what was invested in the sale. Consider that they still had interest, which hardly any TE can afford here. There's no relaxing. Keep your eyes open and don't become blind to operations. Otherwise, the property will only be sold on the market minus the demolition costs of the house.

That's the beautiful thing. The house is only 13 years old. They built small and very cheaply back then. The only thing to be done is what my mother is slowly getting tired of seeing. But of course, I don't indulge in the illusion that it will happen so quickly with us. We still need about 25 years.

Ypg is right when she says everyone is afraid of something. I agree with her.

I think it is important to know how to deal with this fear. In principle, I would never ignore fear. You have to reflect and listen to yourself. It’s no use. Sounds all hippie, but it’s true.