Marc86
2011-07-04 17:35:13
- #1
Good day,
I am not a big writer, so directly the facts:
-house (built 1939) including land 50,000 (my parents' house, therefore so cheap, the land price alone would be significantly higher)
-renovation/rebuilding: external thermal insulation, complete heating system (there is none, only a fireplace in the living room), new windows (to save heating costs), complete renovation/refurbishment of all rooms including internal thermal insulation (installation of heating), conversion of a "registered" shed into living space (bath/dining room)
the renovation is mostly done by myself except the electrical and gas work 30-40,000 max.
net income married 3 children 2700€ NO equity (I am 25 and did my apprenticeship a bit later and will receive my journeyman's certificate in 16 days)
how do I manage to get the right financing? I mean, it’s not even 100k€, the installment amount should not exceed my current rent of 750€
the net income amount depends on my new employer starting August as well as the income of my then wife & child benefits as well as housing allowance or cost compensation the whole project should take place next summer.
how do I proceed best? I don’t want to wander cluelessly through various banks. I’ve been told I should take 2 loans: one for the house purchase and one for the renovation since these can be subsidized separately.
I am not a big writer, so directly the facts:
-house (built 1939) including land 50,000 (my parents' house, therefore so cheap, the land price alone would be significantly higher)
-renovation/rebuilding: external thermal insulation, complete heating system (there is none, only a fireplace in the living room), new windows (to save heating costs), complete renovation/refurbishment of all rooms including internal thermal insulation (installation of heating), conversion of a "registered" shed into living space (bath/dining room)
the renovation is mostly done by myself except the electrical and gas work 30-40,000 max.
net income married 3 children 2700€ NO equity (I am 25 and did my apprenticeship a bit later and will receive my journeyman's certificate in 16 days)
how do I manage to get the right financing? I mean, it’s not even 100k€, the installment amount should not exceed my current rent of 750€
the net income amount depends on my new employer starting August as well as the income of my then wife & child benefits as well as housing allowance or cost compensation the whole project should take place next summer.
how do I proceed best? I don’t want to wander cluelessly through various banks. I’ve been told I should take 2 loans: one for the house purchase and one for the renovation since these can be subsidized separately.