House construction too expensive - Stop building?

This is a sample template for a real financing with a good salary.

I see it the same way. That is less than 1/3 of the income. At the bank, they also serve the expensive chocolate cookies with the coffee during the conversation :D

and suddenly the €400,000 quickly became €600,000 or much more.

Yeah, but you’d have to have really done the math badly or gotten really bad advice.

THIS is not a small income and apparently not tight either. And why should €400,000 turn into €600,000. Don't exaggerate!

Specifically, a household net income of €4,600 with 2 adults and 1 child under 14 years old is already within the top 25% of the population.

However, the cost estimation is really difficult because there is no general contractor who has given a fixed price. That is why the urgent advice is to cancel everything that is not absolutely necessary for moving in.

Because €13,000 for a kitchen is... doable... but it will then be something quite simple.

THIS is not a small income and apparently not tight either. And why should €400,000 become €600,000. Don’t exaggerate!

at my house. Start of earthworks. After the geological report it turned out there used to be a gravel pit. Additional costs for necessary well rings +€60,000. Disposal of hazardous waste landfill +€35,000 Additional costs for thicker necessary floor slab +€17,000. More steel, better steel, etc. +€10,000. Additional costs just for the earthworks. Things like this can add up quickly,

at my house. Start of the earthworks. After the geological survey it turned out that there used to be a gravel pit there. Additional costs for necessary well rings +€60,000. Disposal of hazardous waste at landfill +€35,000 Additional costs for thicker necessary base slab +€17,000. More steel, better steel, etc. +€10,000. Additional costs only for the earthworks. Things like this happen quickly,

The OP is out of that level! The shell is standing! Just read and think a bit And don’t project your situation onto others. I’m sorry for you.

The OP is out of that level! The shell is up! Just read and think a bit.

That was the case for me. There is so much more to come. €200,000 in additional costs is nothing.

I agree. That’s less than 1/3 of the income. At the bank, they still have the expensive chocolate cookies with the coffee during the conversation :D

So that there is no misunderstanding. I see it the same way and we actually don’t have significantly more than this 4,600 EUR fixed per month... But it wasn’t said how much is being repaid, right?

With a 1,200 EUR installment for 400k and 1.2%, 2.4% is being repaid. That’s a 33.8 year term. Not impossible... but also nothing that makes the bank do cartwheels. They have other regulars where the cookies come out ;)