Is financing possible with ING?

Respect for @ . Anyone who drags themselves through 172 posts and still replies has stamina. Others would have given up long ago.

By the way, I still agree with the consensus. That is tight, not to say too tight. I miss the buffer there. "There's still room," "I'll do that myself," and "I'll do that later" are among the basic evils of uncertain planning ...

my tenor: tight panties

Hi,
there is one thing I don’t understand.
You have a construction company in the family, your husband is an architect/civil engineer, many people want to help you, a lot of time, and you get most of the materials for free.
Why don’t you plan and build your house yourselves?
That would also save a lot of money and you can build individually.
Instead, you sign a contract with a construction company that doesn’t exactly offer the cheapest conditions.
Surely you could do that better and cheaper yourselves.
Regards Olli

Hi,
there is one thing I don’t understand.
You have a construction company in the family, your husband is an architect/civil engineer, many people want to help you, plenty of time, and you get most of the materials for free.
Why don’t you plan and build your house yourselves?
That would save a lot of money and you could build individually.
Instead, you sign a contract with a construction company which doesn’t exactly offer the cheapest conditions.
You could probably do that better and cheaper yourselves.
Regards, Olli

Time reasons. When my husband has a full-time job plus on-call duty, how is that supposed to work? Even if not everything is done in-house but as a construction manager... we already see the specified services as the maximum. Otherwise, you would need to take a sabbatical year to realize such a house project. Also the capacities of the family company... they can’t work for us / for nothing. Arranging the tilers, yes, but not for such a project. We already played that idea through :(

Respect for @@Janabalenciaga. Anyone who drags through 172 posts and still responds has stamina. Others would have given up long ago.

Oh yes, it’s not always easy here. I fully agree.

About the buffer: yes, the additional costs will come up. The question is how much buffer do we still have to add to make it feel secure. We were told by the already repeatedly mentioned friends of 20K as an amount on top. I see saving 20K as quite realistic. If 50-100K is estimated, it will be impossible. But then the question arises, for what exactly? And unfortunately not everyone who contributes here has an answer to that question.

You have over 5k net and I believe I remember that you live cheaply. So you should easily save 2000€ per month currently. Slightly decreasing due to parental leave, but 1500€ should also be possible. A healthy repayment of over 1% would also consume at least 1500€. Plus 500€ ancillary housing costs.

Then the question arises, what exactly for? And unfortunately, not everyone who contributes here gives an answer to that question.

Exactly, no one knows that beforehand, that's the point of the buffer; if you knew everything exactly in advance, you could plan it firmly. Thus, a buffer would be obsolete. But I also think 20 K is far too little. Regards Olli

Oh yes, it's not always easy here. I totally agree. You have over 5k net and I believe I remember that you live cheaply. So you should easily have a savings rate of 2000€ per month currently. Slightly decreasing due to parental leave, but 1500€ should still be possible. A healthy repayment of over 1% would also consume at least 1500€. Plus 500€ incidental housing costs.

I see it the same way with the savings rate, but if we now only finance the plot, then it will no longer be possible :/ definitely not that amount and realistically probably hardly anything. That’s why all these considerations and back and forth. On the other hand, if we don’t get the loan now (after 170 negative opinions, part of me might even be relieved about that, I admit), it would also be bad to miss out on the plot. The land around Berlin is becoming increasingly scarce and expensive, most of the plots we looked at before were much more expensive and terrible: close to the highway, with a lot of demolition needed and thus additional costs, partially connected, etc. It’s just not easy when you don’t look at the whole thing only as numbers that I give here, but also know all the surrounding conditions.