Schmosby
2010-04-05 22:21:42
- #1
Hello everyone,
first of all, compliments to this great forum, very informative and helpful.
We are currently in the absolute orientation phase and have no concrete plans yet, but we want to start something of our own as soon as possible (after February 2011 see below).
First about our status quo (or prospectively from Feb 2011)
I am a teacher and a civil servant, earning a net monthly income of 3020 euros (private health insurance already deducted), additionally we receive child benefits twice (368) --> 3390 EURO.
My wife is currently on parental leave and has no income. Due to retraining, she will probably earn nothing or only a little from side activities until August 2013. So she does not play a role in the calculation at the moment, but will also earn from 2013/14.
We are currently living rent-free with my parents-in-law in our own apartment (75 sqm), which is, however, too small for our two children, born in 2007 & 2009 (they share a room) and me (office >4 sqm).
For this reason, we have to move out sooner or later.
Savings options are currently not available because I am in my trainee phase and am glad that we can live rent-free.
That’s the status quo so far. Now about our plans (without previous in-depth advice):
Plot of land: approx. 70000
House: 190000 (turnkey basic version/Schwörerhaus)
Basement 36000
Additional construction costs 30000
totals 326000 EUR
As a monthly installment, we have envisaged 1200 euros, with the option to increase it if my wife earns additional income.
Financing
There is no equity capital.
We want to include KFW funding programs and possibly state funding programs of RLP.
Compared to other presented plans in this forum, ours is very rudimentary. I still hope that someone will make sense of my explanations and dare to give an assessment of the situation.
first of all, compliments to this great forum, very informative and helpful.
We are currently in the absolute orientation phase and have no concrete plans yet, but we want to start something of our own as soon as possible (after February 2011 see below).
First about our status quo (or prospectively from Feb 2011)
I am a teacher and a civil servant, earning a net monthly income of 3020 euros (private health insurance already deducted), additionally we receive child benefits twice (368) --> 3390 EURO.
My wife is currently on parental leave and has no income. Due to retraining, she will probably earn nothing or only a little from side activities until August 2013. So she does not play a role in the calculation at the moment, but will also earn from 2013/14.
We are currently living rent-free with my parents-in-law in our own apartment (75 sqm), which is, however, too small for our two children, born in 2007 & 2009 (they share a room) and me (office >4 sqm).
For this reason, we have to move out sooner or later.
Savings options are currently not available because I am in my trainee phase and am glad that we can live rent-free.
That’s the status quo so far. Now about our plans (without previous in-depth advice):
Plot of land: approx. 70000
House: 190000 (turnkey basic version/Schwörerhaus)
Basement 36000
Additional construction costs 30000
totals 326000 EUR
As a monthly installment, we have envisaged 1200 euros, with the option to increase it if my wife earns additional income.
Financing
There is no equity capital.
We want to include KFW funding programs and possibly state funding programs of RLP.
Compared to other presented plans in this forum, ours is very rudimentary. I still hope that someone will make sense of my explanations and dare to give an assessment of the situation.