zenni
2015-03-24 10:02:44
- #1
Hello,
my girlfriend and I have a consultation appointment on Thursday and would like to get some independent opinions beforehand.
A brief introduction about us:
Me, 29 years old, employed managing director, net monthly income (14x) 2,200 euros. Trend increasing in the following years
Girlfriend, 24 years old, permanent employment, net monthly income (12x) 1,250 euros. Trend remaining stable
So far, we have planned to have 1 child in about 5 years. A second child is not planned. But that doesn’t mean we will not think differently at some point.
After reviewing real estate prices, we found that we would need about 250,000 euros if we buy an existing property. In the case of a new build, you would have to reckon with about 280,000 euros (with bad luck 300,000).
We have about 35,000 euros available together; we want to contribute about 20-25,000 as equity. We want to keep the rest as a buffer. I have not talked to relatives yet. However, something might still be feasible there.
Currently, we pay about 800 euros warm rent. I put about 400 euros per month on average into my instant access savings account. My girlfriend also about 400 euros. In addition, there are Christmas and vacation bonuses that I hardly ever touch. Royalties also come in. But it has to go well for that. Therefore, I prefer not to count on those. Overall, we currently have 800 euros rent and 800 euros that we save per month.
I thought that we would plan about 950 euros monthly purely for financing, plus incidental costs of about 200 euros (in the case of a used property then, of course, more incidental costs). According to this calculation, we would put the remaining money aside and make extra repayments together with vacation and Christmas bonuses once a year. The advantage of the 950 euros would be that I could cover this alone for some time if necessary.
When I look at other plans, this seems rather conservative and cautious. Or am I mistaken?
What do you think? Realistic?
Thanks for your answers.
Regards, Henning
my girlfriend and I have a consultation appointment on Thursday and would like to get some independent opinions beforehand.
A brief introduction about us:
Me, 29 years old, employed managing director, net monthly income (14x) 2,200 euros. Trend increasing in the following years
Girlfriend, 24 years old, permanent employment, net monthly income (12x) 1,250 euros. Trend remaining stable
So far, we have planned to have 1 child in about 5 years. A second child is not planned. But that doesn’t mean we will not think differently at some point.
After reviewing real estate prices, we found that we would need about 250,000 euros if we buy an existing property. In the case of a new build, you would have to reckon with about 280,000 euros (with bad luck 300,000).
We have about 35,000 euros available together; we want to contribute about 20-25,000 as equity. We want to keep the rest as a buffer. I have not talked to relatives yet. However, something might still be feasible there.
Currently, we pay about 800 euros warm rent. I put about 400 euros per month on average into my instant access savings account. My girlfriend also about 400 euros. In addition, there are Christmas and vacation bonuses that I hardly ever touch. Royalties also come in. But it has to go well for that. Therefore, I prefer not to count on those. Overall, we currently have 800 euros rent and 800 euros that we save per month.
I thought that we would plan about 950 euros monthly purely for financing, plus incidental costs of about 200 euros (in the case of a used property then, of course, more incidental costs). According to this calculation, we would put the remaining money aside and make extra repayments together with vacation and Christmas bonuses once a year. The advantage of the 950 euros would be that I could cover this alone for some time if necessary.
When I look at other plans, this seems rather conservative and cautious. Or am I mistaken?
What do you think? Realistic?
Thanks for your answers.
Regards, Henning