Rocka66
2016-03-21 20:33:45
- #1
Good evening dear forum members,
my wife and I are considering building a house. But before we get caught up in anything, I wanted to hear your opinion on whether it is even realistically feasible.
A brief overview of our situation:
I am 36 years old and managing director/partner of an optician business, my wife is 32 years old and currently on parental leave (until August 2017). Our daughter is 7 months old. Our family planning is not yet complete; time will tell more precisely :D. After her parental leave, my wife will work part-time at her old company again.
Our current situation:
My net income: 3900.00€
My wife is employed by me with a mini-job: 300.00€
Parental allowance: 522.00€
Child benefit: 190.00€
Total income: 4912.00€
The parental allowance will end in 08/2017, but then my wife’s part-time income will come in. My 13th month salary is not included.
Our current equity amounts to 45000.00€
Our monthly expenses amount to:
Rent including utilities: 740.00€
Electricity: 115.00€
Insurance (incl. my private health insurance): 676.00€
Groceries (household book over the last 12 months): 600.00€
Birthday presents for family/friends: 75.00€
Vacation: 125.00€
Clothing: 150.00€
Telephone/mobile: 130.00€
Miscellaneous: 300.00€
Total expenses: 2911.00€
Difference income minus expenses: 2000.00€
The plot of land is already available (685 sqm). Gift from my parents. Our car including all costs runs through the company.
We are currently thinking of a solid house of about 130 sqm plus usable basement. Whether garage or carport is not yet decided.
Is a loan of 300k feasible, or is it even possible to realize our house wish at this price? Before we get lost in anything, we just wanted to hear your opinions here. If I have forgotten anything, please just let me know. After all this data, it can happen that I forgot something.
Have a nice evening and Franconian greetings
Rocka66
my wife and I are considering building a house. But before we get caught up in anything, I wanted to hear your opinion on whether it is even realistically feasible.
A brief overview of our situation:
I am 36 years old and managing director/partner of an optician business, my wife is 32 years old and currently on parental leave (until August 2017). Our daughter is 7 months old. Our family planning is not yet complete; time will tell more precisely :D. After her parental leave, my wife will work part-time at her old company again.
Our current situation:
My net income: 3900.00€
My wife is employed by me with a mini-job: 300.00€
Parental allowance: 522.00€
Child benefit: 190.00€
Total income: 4912.00€
The parental allowance will end in 08/2017, but then my wife’s part-time income will come in. My 13th month salary is not included.
Our current equity amounts to 45000.00€
Our monthly expenses amount to:
Rent including utilities: 740.00€
Electricity: 115.00€
Insurance (incl. my private health insurance): 676.00€
Groceries (household book over the last 12 months): 600.00€
Birthday presents for family/friends: 75.00€
Vacation: 125.00€
Clothing: 150.00€
Telephone/mobile: 130.00€
Miscellaneous: 300.00€
Total expenses: 2911.00€
Difference income minus expenses: 2000.00€
The plot of land is already available (685 sqm). Gift from my parents. Our car including all costs runs through the company.
We are currently thinking of a solid house of about 130 sqm plus usable basement. Whether garage or carport is not yet decided.
Is a loan of 300k feasible, or is it even possible to realize our house wish at this price? Before we get lost in anything, we just wanted to hear your opinions here. If I have forgotten anything, please just let me know. After all this data, it can happen that I forgot something.
Have a nice evening and Franconian greetings
Rocka66