House construction possible yes/no?

Hello,

I will now, as I said, go to this informational event on Thursday and see what kind of information I can get there, then maybe have a conversation with an independent advisor and then I'll see what's financially feasible in my situation at all... I think after that you can still see what you ultimately get for the money ;)

You can save yourself the informational event in my opinion. Go straight to looking for an independent financing broker. It also costs a good 2 hours of your time, but in the end you know how much money you can put in and can comfortably decide how much you want to spend!

Rhenish regards

PS.: Just a quick question in between: Why can't I make paragraphs in my texts? When I press "Enter" as usual, it always stays in the existing line :P

That is probably due to your settings; the HBF is optimized for all common browsers and apart from the occasional double posts appearing, it works. Rhenish greetings

Ok, I think we probably won't have a double garage anyway, but these are all things I will discuss with the construction company when preparing the offer. However, I have one more question regarding the ongoing additional costs later. For the following ongoing additional costs: property tax (approx. 550 sqm), water, heating, electricity, sewage, waste disposal... can I roughly estimate about €300 per month?

it really depends on how you live, what you consume, how you build.

I can now say that €300 per month can be very tight. Because in addition to what you wrote, the following items come into play:
- insurances
- more gasoline
- eventually a second car
- even more gasoline
- reserves for repairs
- possibly reserves for bills from the municipality (new sewer/road)

We built KFW 55 and currently need just under €20 gas for hot water and heating (two of us with a baby), electricity is between €50 and €80, depending on how often washing is done or the oven is used for longer meals. The base load in the house is about 4-5 kWh per day. As I said, on peak days we've already consumed 20 kWh. I am currently keeping very detailed records out of interest :)
Waste disposal is very cheap for us. We pay less than €100 per year, but that's because we don't produce any waste except residual waste, or we go to the recycling center.
Water is also very cheap for us, but it also depends on the sewage fee, which you influence with your sealed surface area.

As in all your posts, you are calculating very narrowly (keyword garage... it will cost you closer to €20,000 if it is not to be a steel box)

I can now say that 300 € per month can be very tight. Because in addition to what you wrote, the following items come up: - Insurances - More gasoline - Eventually a second car - Even more gasoline - Reserves for repairs - Possibly reserves for bills from the municipality (new sewer/street)

Insurances and all costs for 2 vehicles (fuel, repairs, and reserves for new purchases) are already calculated. I am really only concerned with the points I mentioned. I just believe that I should definitely manage with 300€... actually even be below that.

Insurance and all costs for 2 vehicles (fuel, repairs, and reserves for new purchases) have already been calculated. I'm really only concerned with the points I mentioned. I just believe that I should definitely be able to manage with 300€... actually, I should even be below that.

but the house must also be built energy-efficiently, and if you want to build at least Kfw 70, construction will be more expensive. you only get low ancillary costs if you invest beforehand...

Unfortunately, we have no equity and therefore cannot offer anything to the bank. After deducting all ongoing costs and the cold rent still to be paid, we would have about €600 per month left to pay off a loan.

What do you think about it, does it make sense to make appointments with different banks to see what they offer?

Best regards

No equity means no income?? Or no income from self-employment?

So if about €600 remain from your income and expenses, I consider the project unrealistic, you can calculate it yourself... there are various calculators online... Is there a building savings contract or other forms of investment? Without equity, financing is absolutely not feasible.

Regards