House construction financing - honest and direct answers wanted!

  • Erstellt am 2017-03-27 21:05:45

MaMo78

2017-03-27 21:05:45
  • #1
Hello everyone,

I would like to briefly describe the situation and ask for a ruthless analysis from the forum members (all numbers chosen honestly and conservatively).

He 39: In the same job for 8 years (fixed 80, variable 20%), over the entire period between 68 and 72 thousand gross p.a. – She 34, civil servant high school teacher for 1.5 years, currently working half-time. Including child benefit (2 children) 1,850.

Total monthly approx. 5,500 net.

Current rent for semi-detached house 1290 incl. ancillary costs + water and electricity.
Equity capital 115,000.

Plan: New build bungalow + 2nd residential unit in outbuilding for parents-in-law bringing in 100 thousand.
Thus total equity capital = 215 thousand.

Cost of land (still to be chosen in new development area, about 675 sqm at 155 euros) = 112 thousand incl. ancillary costs (8%???).
House to cost 340 thousand main + 100 thousand outbuilding, turnkey. Provider builds 270 houses p.a.

Parents-in-law own their own house, which will be sold with the move. Proceeds will then flow half into the new building project. Inheritance to be expected on the other side, several properties debt-free available.

Comfortable, right?

Questions: Planning financing via Interhyp, agreed? What should be considered? How much to finance – better 400 instead of 370 thousand (340 for main house + ancillary costs)? What have I forgotten???
 

Nordlys

2017-03-27 21:26:36
  • #2
Costs, 600. Available 200. Requirement 400. Remaining buffer.
 

Steffen80

2017-03-27 22:14:39
  • #3
100 thousand outbuildings? Are they then under 50sqm?
 

MaMo78

2017-03-27 22:17:49
  • #4
Hi Steffen80! Exactly 50sqm.
 

ypg

2017-03-27 23:55:12
  • #5
I am amazed! Are your parents-in-law aware of the 50sqm? There is no space for retreat. I would wait to see what they say about the first draft when these 50sqm are put on paper. Without counting inheritances that do not exist, the numbers look good! In brief, regards
 

MaMo78

2017-03-28 05:57:40
  • #6
Thank you ypg

...will try to make it as pleasant as possible for everyone..
 

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