Is financing feasible or are we overextending ourselves?

  • Erstellt am 2019-07-17 15:39:27

nordanney

2019-07-19 10:06:51
  • #1

I don't think so. You asked whether the income fits the installment. Period.
But it's always like this here, that the question is not answered, but then people look beyond the question – even if it has nothing to do with it. For that, there should be a construction cost thread and not a financing thread.
 

Altai

2019-07-19 10:15:27
  • #2
Well, when you ask here whether finances and budget match, the question almost always arises whether planning and budget match as well. Initially, there was no information at all on this very question. In my opinion, this is the crux of the matter, because getting the house within the budget is the challenge. Financially, the framework is feasible, though demanding; you have explained the rather low equity well. Losses during a second parental leave are still very critical. At least from the child’s second year of life, childcare is certainly secured, so the second income will be available again. I can only advocate planning for enough buffer. I had to learn this the hard way myself because the amount planned for this purpose then turned out not to be enough after all. No matter how precise an offer seems to be, the invoice often says something different... and if you have to paddle like this to press your planned house into the budget... then this is definitely a very critical point. For the desired 150m², actually 50k€ of budget is missing.
 

Mad_Max

2019-07-19 10:26:25
  • #3

Well, there seem to be different views here. That’s okay. In any case, I did not withhold anything intentionally, even if it may have come across that way here from time to time.



This has already been mentioned several times here. But I did not ignore that; we simply have not yet thought enough about the second child and will now have to do so. Our daughter is only 8 months old and therefore the second little one was still “far away.” It should be understandable that one cannot answer such a question within 12 hours.

That is also why the focus was on topics that can be discussed “now,” such as outdoor facilities and yes, also tiling, since I just received the offer yesterday and simply wanted to know whether I can count on the price, whether he forgot something or if it’s too expensive.

But with that I probably took the thread off-topic myself.



Yes, we are aware that the budget question is the crux. We are now first waiting until we have all the offers together, then we will sit down and go through everything, itemize the own contributions precisely and make a schedule. Then we can look further.
 

HilfeHilfe

2019-07-19 10:51:02
  • #4


Your posts are simply confusing. You obviously ask every trade even though you have no information from the general contractor that this can be done as an EL or extra-plan.

How does it look with the tiling trade? Who assumes liability for damages? The GC, his plumber, or your tilers?

That’s not how building works.
 

Joedreck

2019-07-19 11:19:34
  • #5
Well, actually yes. I pointed out to him that he needs to clarify it and he accepted and will discuss it. It's not about the signature tomorrow. Rather, it's currently about overview, serious errors, etc. If the GU agrees, then the timetable can become more concrete. The warranty issue is a completely different matter anyway. And with one or the other GU you can also have a legal dispute about it. But that is already doubly off-topic.
 

HilfeHilfe

2019-07-19 11:28:33
  • #6


Well, then I don't understand why all trades are being asked. No wonder the company submits defensive prices and/or doesn't submit any offers anymore.

It's quite simple. Dad has a general contractor on hand that he knows. There should be a very direct conversation about what is possible and what is not.

A general contractor reluctantly waives turnover/profit & if certain trades are taken out it usually costs him more money due to increased planning. In times of full order books you want to see a cooperative general contractor who goes along with it. Usually it's floor/wall work and outdoor facilities. So the rest.
 

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