How much financing? Realistic budget?

  • Erstellt am 2021-06-22 20:15:01

Altai

2021-06-22 21:47:48
  • #1
The advice is: look for another property. One that is cheaper than a new build, and that you can then renovate gradually. Is this the only property in question? Commuting also causes costs. Isn’t there something more affordable logistically? Being a nurse is not suitable for home office either...
 

Wunschdenken

2021-06-22 22:01:23
  • #2
We live in the Main-Kinzig district, where it is utopian to want to buy something close to the city.. no matter how "dilapidated". The prices here are so incredibly high. I also don't want to buy a completely renovation-needing house for 400,000€, into which I then have to put another 150,000€. Then I might as well give up.
 

Wunschdenken

2021-06-22 22:05:28
  • #3
Thanks anyway for all your answers, I will still inquire with construction companies to see what is possible. And if it’s not, then it’s just not. However, I do think that we will find something. Especially since we are still young and can pay it off for a long time :) apart from that, I am not necessarily tied to a location, nurses are in demand everywhere :)
 

ypg

2021-06-22 22:08:55
  • #4
One calculates:
Plot plus incidental purchase costs
2500€/sqm
30000€ outdoor facilities.
Construction incidental costs 50000€
Basement 80000€
I’m also at 550000€ including the plot
but you can also build with a lower ground floor/living space instead of a basement.
Then the 80000€ disappears.
All just rough estimates.

But I wonder how you imagine this: Man self-employed and gets no loan, you at most 300000€, parents are supposed to stand in again for your young life, 45 minutes travel time each way for each, (gas and car costs rising), with parental leave one salary is lost, later you have to spontaneously pick up a child from daycare etc.
I don’t see any of that.

You can do that: you work nights, your husband days. Each watches the children separately. In between, the day’s work gets pushed on a note to the other and the garden ends up neglected anyway.
Everyone leads their own life – eventually no longer together.

Honestly, I think you should still wait. Savings rate and what remains monthly were, I believe, different?
There would still be more to save.
Then think medium term about where your living place should be: 45 minutes travel time for both is bad. There should be plan B and C.
If Corona is behind us, then self-employment is also established so that the loan will be higher.
But not like this.

Under a salary of 4500€ almost nothing works. Except if equity or housing allowance is relatively high. All circumstances such as commuting costs, and still parental leave in the future argue against the wish.
Most here save for 10-15 years and have a salary of about 3500€, the woman then 1800€ part-time. 150000€ equity is not uncommon there.
With your rent and additional costs I wouldn’t even consider 1500 plus 400 additional costs – I would use that as long as possible, build up a savings cushion of a six-figure amount. With that rent you can bridge parental leave well too.
 

Tassimat

2021-06-22 22:18:09
  • #5
I still stand by it: Save until you are in your early 30s, then you will have a lot of equity and it will work out. The question is, how urgently do you want to pursue the desire to have children? Maybe you could fulfill the desire to have children first and at the same time live cheaply with the parents? When the two children are here and you both work again, the financial situation (apart from the crazy commute) is stable and manageable. And the children are past the worst phase. The goal could then be to own a home by the time the first child starts school. Nevertheless, it stands and falls with the discipline of saving.
 

Wunschdenken

2021-06-22 22:31:27
  • #6


You are right about everything you say, but raising a child in a 50 sqm apartment is probably not the solution just because you want to set money aside :D
My parents certainly don’t *have* to stand in for me, they *want* to. If your parents didn’t want that or you wouldn’t do that for your children, then I honestly feel sorry.
I don’t know why people can’t just answer the question objectively.
My husband can very well be included in the loan, then we would get 400-450,000, we just asked ourselves whether we have to or want to do that since the interest etc. naturally gets worse due to the uncertainty of his self-employment.


That is unfortunately not an option since our current apartment is only 50 sqm and we want to get out of here as quickly as possible.
 

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