House construction for €400,000 possible with a net income of €4,100?

  • Erstellt am 2018-06-08 20:45:22

HilfeHilfe

2018-07-04 21:12:49
  • #1
Plus 536€ for the loans if I haven't miscalculated and 300€ for the [Hausgeld]. That makes 2000€ every month. Ready for that?
 

Payday

2018-07-04 22:09:44
  • #2
Where do the 536€ come from? 300€ maintenance fees is optimistic though. Including internet and the like, that's definitely 350-400€ per month. But you haven't really saved much either. From originally 350,000€ down to 335,000€ isn't really cheaper. The building society savings contracts end up being relatively expensive. Just really calculate what they will cost you over the 30 years including fees and so on...
 

HilfeHilfe

2018-07-05 08:22:04
  • #3


sorry:

the 200,000€ is saved with 700€
the 135,000€ is saved with 460€
total rate = 1160€

I thought you still pay something for the loan? Or is that already included in the 1,160€?
 

Dany_E

2018-07-05 09:28:39
  • #4
The €1160 includes the interest + installment. The ongoing costs I initially estimated at €1900, of which €400 are maintenance costs for the house. Yes, I know it's not much cheaper, we are working on it, it's more difficult than I initially imagined. The BU makes the prices that I want to remove so cheap that I can hardly go to another. And adds that to the remaining shell construction costs...
 

hemali2003

2018-07-05 13:25:36
  • #5
I can recommend the Allianz as a full repayment annuity loan.
 

Payday

2018-07-06 19:18:37
  • #6
This is common with a general contractor, that removing something basically never pays off. The cost savings are usually lower than the material price if you provide the parts yourself. Why is that? Because companies can do that. If you build without a GC, you have to manage each trade yourself. That can save money, but is almost incalculable and often you won’t find anyone to do the work then. Unfortunately, that’s the problem when you’re first asked “what would you like” and only afterwards the price comes. Removing is much harder than adding something. And thanks to the great order situation, companies simply increase their margins so that nobody gets away with too low a price. In the end, you only have the option to really save something. As already said, basement or chimney or simply a few square meters smaller. If you still have a reasonable amount left per month in the house, you could also save some things yourself afterwards (e.g. outdoor area, which easily costs 50,000€ including carport/paving work). Otherwise, you could look for another GC. There are apparently some where the removal of trades results in actual cost reductions.
 

Similar topics
03.05.2011KfW loan okay or is there a cheaper option?10
19.02.2013Is a Riester loan useful for my case?13
28.04.2013U-values heat loss according to regulation, comparison for KfW85 loan12
30.04.2013Loan with an interest rate of 2.51% - Tips for financing22
02.09.2013Loan of EUR 500,000 - possible with monthly income?17
16.02.2015Pre-financing Schwäbisch Hall Wohnriester savings contract/variable loan16
16.02.2015Property purchased - Is financing/loan for house possible?13
07.04.2015Loans and Construction Credit - Creating KfW Usage Evidence11
19.05.2016Combination Loan BSS vs. Annuity Loan19
12.11.2016Bridge financing / variable loan11
24.04.2017First variable loan, then construction financing?11
17.09.2018No special repayments possible with loans. How to save money?15
16.11.2018Combination of building savings bank, KFW and loan10
23.04.2019Replacement of installment loans by subordinated loan28
21.06.2019Larger loan with only 5 years interest fixation14
31.07.2019Is a bullet loan and ETF currently worth considering?27
29.07.2019Bullet loans & annuity loans combined - sensible?28
04.09.2019Avoid commitment interest - 100% loan payout13
15.02.2020KfW as a bullet loan with a 4-year term11

Oben