Is financing without equity realistic?

  • Erstellt am 2014-08-20 13:00:33

mueckeak

2014-08-20 13:23:58
  • #1
Child benefit and maintenance are clearly not certain. But if the kids actually want to live somewhere else for whatever reason, don't forget that I can work full-time again then. The interest rate is given by the calculator. Earthworks are done by my brother-in-law's company. Electrical work is completely done by ourselves. Roof covering as well. Companies are only needed for screed, roof construction, heating, windows, plastering. The question is, at the moment we pay about 1300 euros for a house that doesn't belong to us. If I take this money for my own house, at least it's for me and later for the children.
 

Doc.Schnaggls

2014-08-20 13:28:51
  • #2


Please don’t be mad at me, but EUR 100,000.00 for the complete finishing of 240 sqm seems hardly feasible to me. You might still need a kitchen and there will be quite a bit more coming your way.



That’s already good. I can well understand that your husband naturally wants to build his own house.

I just ask you to calculate the whole thing very precisely and in detail – once you have started, there is no turning back.

Better to apply for a higher loan with the option to repay part of it free of charge than to have to refinance expensively (as probably subordinated)…
 

Bauherren2014

2014-08-20 13:31:43
  • #3
I can only agree with Doc.Schnaggis. Despite a lot of personal effort, I also have serious doubts that the figures for the house construction are correct. What exactly is included in the shell construction? And what is included in the remaining 100,000?
 

Bauherren2014

2014-08-20 13:33:34
  • #4
You say you are now paying €1,300 for the house. What about the other €500? You write that you have €1,800 left in total. So why don't you have any equity? And where is the difference supposed to come from all of a sudden?
 

mueckeak

2014-08-20 13:44:57
  • #5

    [*]Earthworks
    [*]Sewer works
    [*]Basement (basement alone up to basement ceiling top edge see separate construction phase basement construction)
    [*]Load-bearing exterior masonry
    [*]Load-bearing interior masonry
    [*]Floor slabs
    [*]Concrete staircases
    [*]Roof structure and roof insulation
    [*]Chimney with chimney cover
    [*]Non-load-bearing partition walls
    [*]Roof covering
    [*]Tinsmith work (plumbing work)
    [*]This is included. For the interior finishing heating, windows, sanitary, etc. Our acquaintance completed his house this year and needed 190,000 for almost 200 sqm with everything included
 

mueckeak

2014-08-20 13:46:44
  • #6
We have now been a family for 7 years and many new purchases came our way. Besides that, there was also a wedding. :) And honestly, there hasn't really been a big reason to save much so far.
 

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