Is building a house realistic for us?

Yes and? You are building or have finished building and have a 4-year credit history with a broken car, family vacation, etc.? Only then can you say whether it fits or doesn’t fit. Purely based on the numbers, the bank will say yes. For you, money will always be tight after the build.

Hello everyone, with comments like these you have to stay calm, what do you want to tell us? Everyone has to be able to assess their own situation! My wife, for example, doesn’t work, so there is still potential if things get tight. Additionally, there are other parameters we don’t know! For example, can money be accessed from the family at short notice? Is an inheritance in sight? A life insurance? Or something else? So dear people, don’t let yourselves be driven crazy. Of course, you can also be cautious with 6000 euros net, but personally I think that’s exaggerated, the starting position is simply great! Besides, today you can secure yourself wonderfully and you don’t necessarily have to be debt-free at 50, you also want to live alongside. Good luck with the project. Greetings

But you have already read the age of the future builders, right? The point is that they are running out of time until retirement, and logically this can only be compensated with correspondingly high installments.

There is nowhere that it says a house financing must be completed by the start of retirement. In most cases, the house is sold again by then anyway because it is too big. Therefore, do not always take this retirement limit as the absolute end.

Yes, I have read it! So where is the problem? He is 44 years old, a bank only wanted to finance with a 20-year fixed interest period, okay, I understand that. However, the bank rate was calculated for 25 years, which I would personally also do in this case, then it would be a 2100 euro rate with 25 years full repayment with almost 3% repayment, assumed interest rate 2.5% with 470,000 euros that need to be financed. Prepayments not included.

Even with 20 years and 3% repayment, there would only be a manageable 100,000 euros to 125,000 euros left at the end depending on the interest rate.

My parents bought and financed a house at 63 years old!

It also has a value, I see such things more relaxed

I see things more relaxed like that

To be honest, I don’t know anyone who has ever experienced an acute financial emergency due to home financing. But I do know people who only work to pay for their house anymore because things don’t always go according to plan. The better and more comprehensive your coverage is, BU / supplementary pensions, etc., the higher the monthly burden for the insurance packages, and the less money remains for the payment installments.

To be honest, I don’t know anyone who has ever faced an acute financial emergency due to house financing. But I do know people who only work to pay for their house because things don’t always go according to plan. The better and more comprehensive your coverage is, BU / additional pensions etc., the higher the monthly burden for the insurance packages and the less money remains for the mortgage payment.

I am 100% in agreement with you!

But 6000 euros is already great. With people who build with an income of 3000-4000€, it often happens, as you described, that they push themselves to their limits. We have that in our own circle.....

However, if Trixi pays the bank installment, there is still a huge buffer of almost 4000 euros.

So thumbs up from me, you can do it!

Best regards