House financially feasible at about 5,000 net?

2022-02-08 14:06:34

Meal time,

first impression: doable

BUT:
start with family planning only when the first income + parental allowance have reached the same level as you have now, so that you can manage well in the long term.
But you still have some time for that ;)

PS. with financing, it is best to make sure that you can change the repayment rate. Until the children arrive, you could then take a higher repayment, lower the repayment for the few years when the children come, and once the second income is back, adjust it upwards again.

2022-02-08 14:15:58

So I want to make it clear again that it is not planned for me to stay at home for a long time, 6-7 months, then my partner; then a daycare or something similar. I would then also work full-time again. Due to my income, I would receive the maximum parental allowance – so 1,800, but of course about 1,000 euros would be missing. A rate of 2,000 euros plus additional costs for the house is already quite steep. Significant salary increases are not expected for my partner in the foreseeable future (aside from the announced job change). For that, a degree or something similar would be necessary. Increases are actually more likely with me. Land prices in the area are around 100-130 E/m2. I would like 700m2, but that is already unaffordable. As mentioned, we are aiming for about 140/150m2 single-family house, no garage, no basement really, but then 150m2 would have to be reached to create storage space.

2022-02-08 14:18:36

Great thing, cheap plots and no expensive demands. Then it should really be doable.

2022-02-08 14:19:36

this is of course also possible.

But keep in mind that a daycare mother etc. also costs money ;)

but it does make sense. And the man can of course also take parental leave, so you can nicely split the 12 months and see more how the child develops.

you also have to calculate how it works out if you only work 30 hours/week.

that means you should rather plan long-term with such income and adjust the rate accordingly

2022-02-08 14:21:53

So I want to make it clear again that it is not planned for me to stay at home for a long time, 6-7 months, then my partner; after that a daycare mother or something similar. I would then work full-time again. Due to my income, I would also receive the maximum amount of parental allowance – so 1,800, but of course about 1,000 euros would be missing. A payment of 2,000 euros plus additional costs for the house seems quite steep to me. Significant salary increases are not expected for my partner in the foreseeable future (apart from the announced job change) for now. For that, a degree or something similar would be necessary. Increases are actually more likely for me then. Plot prices in the area are between 100-130 €/m2. I would like to have 700m2, but that is already unaffordable. As I said, we are thinking of around 140/150m2 single-family house, no garage, basically no basement either, but then the 150m2 would have to be reached to create storage space.

Very very reasonable and if this is the best decision for you regarding children, then financially nothing stands in the way of building the house anymore...! A daycare mother costs money, but if your income also increases significantly (as you predict), then it should be manageable with 2 full salaries. - Reasonable plot prices - Reasonable house planning - No frills You have a good idea! It will work out! If you’re up for it, then go for it :)

2022-02-08 14:24:47

So I want to make it clear again that it is not planned for me to stay home for a long time, 6-7 months

So the bold plan.
I don't want to tell you that it's not doable.
But I can tell you from experience that the world looks completely different with children. To put it bluntly, the child determines when you can go back to full-time work.
As said at the beginning. From the parameters, it fits for you at first glance anyway. I'm just encouraging you to think a bit more carefully about life with a child. For reasons.

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House financially feasible at about 5,000 net?

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