Abraxus
2023-12-28 19:39:13
- #1
Hello everyone. I have been following the forum for a while and would now like to think one step further, maybe to take steps in the next 2-4 years towards owning a home.
I will start with the classic questionnaire so you get an overview. The costs are based on our expenses from the last few years. As a scenario, I would not like to use the current one but rather the later targeted "what-if?" scenario. The next 1-2 years we will certainly have other things to do first, as we are expecting a new family member.
General information about you:
Expenses
Housing costs:
Mobility; 2 cars; public transport provided by employer
Living & consumption costs:
Savings:
Income and expense totals:
Our desired property has a large plot of around 700m², is located in NRW in the Bergisches Land/Ennepe-Ruhr-Kreis area and is a house from the Gründerzeit. We are both originally construction engineers and can imagine a renovation as DIY + partial subcontracting to subcontractors.
I would like to use your assessment to calculate backwards in order to estimate the possible total budget. I want to deal with the topic to get a feel for the order of magnitude. The question is: Which loan installment(!) do you consider reasonable? Our fixed idea would be that the financing is done after about 20 years - possibly earlier with special repayments.
My personal conclusion so far: If I look at the balance, a rate of 2,500€ would be easily manageable. Subjectively, however, that seems very, very high to me. What do you think?
I will start with the classic questionnaire so you get an overview. The costs are based on our expenses from the last few years. As a scenario, I would not like to use the current one but rather the later targeted "what-if?" scenario. The next 1-2 years we will certainly have other things to do first, as we are expecting a new family member.
General information about you:
[*
- Who are you? Me and her, mid-30s, not married, currently living in 80m² in the big city
[*]Children? One is coming. That’s it.
[*]Professionally? Employees. Studied. Engineers. Real estate management & IT
[*]How many hours do you work? From Q3 2024 both initially part-time. For the financing, I would like to consider the period afterwards, so roughly from 2025. Therefore the assumption: 30h (We will see what it really will be then.)
Income and assets:
[*]What is your net income?
[LIST]
[*]Currently: Me 3,500€ + bonus; Her 3,300€ + bonus [TOTAL 6,800€]
[*]In the scenario (both 30h): Me 3,200€ + bonus; Her 3,000€ + bonus [TOTAL 6,200€]
[*]How much child benefit do you get? 250€ - right?!
[*]How much equity do you want to put into the house project? 200k
Expenses
Housing costs:
[*]-800 cold rent
[*]-200 additional costs
[*]-100 heating costs
[*]-90 electricity
[*]-70 internet, mobile phone
[*]-1,260 TOTAL housing
Mobility; 2 cars; public transport provided by employer
[*]-75 car insurance
[*]-40 taxes
[*]-65 fuel
[*]-70 maintenance/repairs
[*]-250 TOTAL mobility
Living & consumption costs:
[*]-400 supermarket
[*]-350 vacation
[*]-70 restaurants/takeaway
[*]-10 insurances
[*]-90 club fees
[*]-680 other (joint) consumption (Everything from the bank statement that did not directly fit into one of the other categories)
[*]-200 personal consumption (from our own accounts)
[*]-1,800 TOTAL living & consumption
Savings:
[*]Me: 1500€ ETF savings plan + surplus into the instant access savings account
[*]Her: 750€ ETF savings plan + surplus into the instant access savings account
Income and expense totals:
[*]+6,200 total income
[*]-3,310 total expenses
[*]-2,250 savings rate
[*]+250 child benefit
[*]-400 child expenses
-----------------------------
[*]+490 balance
[*](+2,250 savings rates)
[*](+800 cold rent)
Our desired property has a large plot of around 700m², is located in NRW in the Bergisches Land/Ennepe-Ruhr-Kreis area and is a house from the Gründerzeit. We are both originally construction engineers and can imagine a renovation as DIY + partial subcontracting to subcontractors.
I would like to use your assessment to calculate backwards in order to estimate the possible total budget. I want to deal with the topic to get a feel for the order of magnitude. The question is: Which loan installment(!) do you consider reasonable? Our fixed idea would be that the financing is done after about 20 years - possibly earlier with special repayments.
My personal conclusion so far: If I look at the balance, a rate of 2,500€ would be easily manageable. Subjectively, however, that seems very, very high to me. What do you think?