Is a financing request possible?

  • Erstellt am 2014-02-13 20:51:54

backbone23

2014-02-14 14:03:54
  • #1
An apartment with one more room should then still be comparatively affordable, right? You just have to be aware that real estate is also subject to value fluctuations. And when the real estate market crashes again (it will sooner or later), then the low equity before the start of construction can become a problem (value of the house below the remaining debt when selling or refinancing).
 

backbone23

2014-02-14 14:13:09
  • #2
I don't understand the additional costs. Do you simply mean rising construction costs? They can just as well fall again, and if you have to pay more interest for construction financing, you'll also get more money on savings deposits.
 

Musketier

2014-03-26 09:44:22
  • #3


I see it a bit differently.

If the 45,000 € includes the land plus part of the incidental costs, then you don’t need to calculate 40,000 € more for incidental construction costs (of course depending on the land). @DerDa: If I remember correctly, you don’t have a garage either, right? So, in an emergency, you can do without for now. For storage, a garden shed or something similar is enough. Our future neighbors, for example, have a construction container on the property for the time being. Not pretty, but practical.

As for the kitchen, you can take it with you in an emergency, as long as it doesn’t belong to the landlord. If you don’t need additional cabinets, you put the kitchen together, put a new countertop on it, a new baseboard underneath, and that’s it. If you need new cabinets, it can possibly be more difficult if the model is no longer available.

I am of the opinion that in a structurally weak region, you can certainly manage with the prices if you don’t have unrealistic expectations. Better small and mine than big and someday on the auction block.
 

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