House Planning - Cost Planning and Initial Assessment

Phew, your tax back payment on the rental income is quite hefty as well ;)

The stated amount is already the net income from renting and leasing - calculated as an average of the past years. I don’t know how your regional tax office handles it, but the quarterly prepayments fit very well here. We have not experienced significant “back payments” so far. In general, we calculate: gross income minus income tax minus €3 per m2 reserves per month = net rental income I think that’s probably how every landlord does it or something similar :-) Anything else would be nonsense.

The whole thing for €2100 (2% repayment) monthly rate with an interest rate fixed for 20 years – that suits us very well.

What remains after 20 years? Or do you want to make substantial special repayments? Are those included in the contract?

What remains after 20 years? Or do you want to make substantial extra payments? Are those included in the contract?

Extra payments of up to €15,000 per year are possible. Currently, however, it is planned to sell one of our properties at the end of the fixed interest period and then pay off all loans (owner-occupied and rental) at the same time. The remaining capital from the sale should then serve as a good financial cushion. At least that was our consideration as of 2019. If that changes, we will make extra payments in parallel.

Special payments of up to €15,000 p.a. are possible. Currently, however, it is planned to sell one of our properties at the end of the fixed interest period and then pay off all loans (owner-occupied and rental) at the same time. The remaining capital from the sale is then intended to serve as a good financial cushion. At least that was our thinking as of 2019. If this should change, we will make special payments in parallel.

Super, it reads well!

Now all that’s missing is the right company or the right architect who doesn’t run away when my fiancée expresses her wishes. So far, the conversation ended at the latest when she said “it should look like in [Neuengland]” *laugh* But I won’t interfere ... our deal was I get to choose the cars, she gets the house design. I can live with that *laugh*

Please post a picture of what you understand by New England? Like in the Hamptons? I totally love that... Should it be a wooden house?

Of course, you don’t see that very often in Regensburg now, but I’m sure there’s plenty of it regionally..... oh please please let us be part of the planning (-: