Oops, that was quick, thanks already.
We currently don’t have any equity, right.
Nor do we have a plot of land.
For now, we just want to get an idea - price-wise.
I know I have to add the incidental construction costs amounting to 50,000 EUR, yes.
Everything should cost 600,000 EUR, including land, house, and ancillary construction costs.
Plots here, with about 700-900 sqm and land area ratio 0.3-0.4, range between 180 and up with no limits. No, it’s the West.
I want to have paid off the money mostly by retirement, yes.
If I use current free loan calculators - so without touching the score - then with 2,000 EUR monthly it’s about 33 years.
We are both 40, the oldest is 12. Yes, he could be out of the house in 8 years, or not. Berlin isn’t far anyway.
The now is more important for now, and that requires a total of 6 rooms for everyone.
Why only 2,000 EUR - because I build in a solid buffer and don’t want to wake up soaked in sweat every night. Sure, more is possible, but many factors play a role. At some point, the current low-interest project won’t work anymore. Fears, worries, needs. I’m the one who is afraid :/
There are other costs, like food, children, cars. That easily comes to 5k. So initially only with 2.5k warm etc.
we are also planning. But we are in a slightly better location. We live about 50 km southwest of Berlin and bought a plot 2 years ago for €40 per sqm. Size: 1,447 sqm. Current market price €120+.
We are also slowly starting the planning. We hardly have any savings. Net income €6,000 monthly. One child (7 years old). But the house is supposed to be “only” 140 sqm. You mustn’t forget that it also has to be kept clean I continue reading with interest.