sonnenkind80
2015-03-06 10:51:09
- #1
Hello everyone,
we are currently dealing with the topic of building a house or are already quite far along in the planning.
The first figures are on the table and we are asking ourselves whether we should, can, want to "put ourselves through this." Mathematically it is quite feasible, but there remains the feeling of uncertainty about whether it is realistic.
Framework conditions:
He, 35: Engineer in a senior position, net €4100, annual special payment €9000
She, 33: Civil servant, net €2600
The basis for financing planning for me is not the situation today, but tomorrow when there will be 2 children (the first in October this year, the second around 2017). Thus, I calculate a maximum of €1000 net to be contributed by my wife to the total income. The rest, such as additional income through child benefits, more through the difference to the actual parental allowance, more through actual earnings if she works fewer hours, go into the considerations as additional expenses to compensate for the delta regarding everyday costs and additional incidental costs.
Thus, I assume a monthly net income of approximately €5100.
A single-family house with a separate granny flat as a separate living unit is to be built, which will bring in around €500 cold rent income.
Land is available (€75,000 paid in cash).
Additional equity currently approximately €100,000
Additional equity of about €100,000 for special payments from the transfer or sale of the parental house, inheritance, etc., roughly projected in 15 years.
Now the question to the experts regarding financing volume.... What would be feasible and manageable to have paid off within 25 years and what monthly rate would be necessary for that?
Question to those who perhaps have a similar income situation and already have experience with costs for house, incidental costs, children, etc.: What would you set as the maximum monthly rate?
Thanks!
we are currently dealing with the topic of building a house or are already quite far along in the planning.
The first figures are on the table and we are asking ourselves whether we should, can, want to "put ourselves through this." Mathematically it is quite feasible, but there remains the feeling of uncertainty about whether it is realistic.
Framework conditions:
He, 35: Engineer in a senior position, net €4100, annual special payment €9000
She, 33: Civil servant, net €2600
The basis for financing planning for me is not the situation today, but tomorrow when there will be 2 children (the first in October this year, the second around 2017). Thus, I calculate a maximum of €1000 net to be contributed by my wife to the total income. The rest, such as additional income through child benefits, more through the difference to the actual parental allowance, more through actual earnings if she works fewer hours, go into the considerations as additional expenses to compensate for the delta regarding everyday costs and additional incidental costs.
Thus, I assume a monthly net income of approximately €5100.
A single-family house with a separate granny flat as a separate living unit is to be built, which will bring in around €500 cold rent income.
Land is available (€75,000 paid in cash).
Additional equity currently approximately €100,000
Additional equity of about €100,000 for special payments from the transfer or sale of the parental house, inheritance, etc., roughly projected in 15 years.
Now the question to the experts regarding financing volume.... What would be feasible and manageable to have paid off within 25 years and what monthly rate would be necessary for that?
Question to those who perhaps have a similar income situation and already have experience with costs for house, incidental costs, children, etc.: What would you set as the maximum monthly rate?
Thanks!