Is house building realistically possible?

  • Erstellt am 2019-10-28 10:29:48

Joedreck

2019-10-29 21:19:42
  • #1
I am only talking about the [Grundstück]! If that is paid off before the house financing is due, you have the best conditions.
 

Trademark

2019-10-29 22:55:04
  • #2
+ €1,200 warm rent. How much is the cold rent? Your conditions are great. Good income + civil servants. What could possibly go wrong? (From the bank's perspective)
 

smörrebröd

2019-10-30 07:36:18
  • #3


We currently have a basic rent of 900€. The rest is parking space and additional costs.



That may be true, but in my understanding, it must be seen in relation to the planned construction costs. And at the moment, I still lack a feeling for how much budget is realistically financeable for us.
 

Altai

2019-10-30 08:17:17
  • #4
My general impression is that here about 100 times the monthly income is considered the "moral limit" for the financing amount; below that is a no-go, above it you can start to think. The bank does its calculation and sees if it’s enough. Beyond that: I myself know best what I spend my money on. Therefore, I can also better than the bank say how much I regularly have left over. For that, I have been keeping a household budget book for 20 years. For example, no one asked me about unusually expensive hobbies; I have to be careful myself to factor those expenses in. And from what’s left over, you have to cover the installment, all additional costs, and still need a free budget for anything else that may arise. This is where personal need for security also comes in. How much leeway do you need to feel comfortable? You have to answer these questions yourselves. Then you find your (maximum) installment and from that the (maximum) financing amount. But I also see it this way: if not you, then who? Civil servants, very good income in the region, and the above-mentioned ratio easily met.
 

guckuck2

2019-10-30 08:20:53
  • #5
How much do you want to spend per month, when should it be paid off, how high is the desired security (=interest rate lock)? Then you can estimate it.
 

smörrebröd

2019-10-30 09:30:11
  • #6


Indeed, we have not given it much deeper thought yet. For me, a total burden for the house of 2,000€ per month including additional costs would be acceptable, especially against the background of the expected salary increases. Maybe even more is possible.
 

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