Is house construction financing possible at all?

  • Erstellt am 2022-10-11 11:43:31

allstar83

2022-10-12 20:11:55
  • #1
Attention. Often there is a building obligation. Completion within 18 months was the requirement for us after purchase.
 

Marvinius

2022-10-12 21:21:22
  • #2
You don't have to move directly from renting into a new building. We also first bought an inexpensive existing house and only afforded the new building once the first house was paid off...
 

xMisterDx

2022-10-12 21:22:55
  • #3
Phew. Flair 113 for 230k? That's just 2,000 EUR/m². I'd rather stay living in the panel building; the standard is higher than in these cheap houses. Anyone who finds irony may keep it ;)
 

Felix87

2022-10-12 22:35:46
  • #4
Possibly an advance inheritance regarding the 100k or part of it? Or an interest-free private loan? I don't know the options there, but if they are in the parents' [Tagesgeldkonto], there might be options?
 

ypg

2022-10-12 22:39:10
  • #5
A lot has already been said. However, some things have not yet.

Stay away from properties labeled as "with a slight slope." At least if it turns out that the incline is actually greater than estimated by a layperson and you have no buffer for excavation work, possibly expensive drainage, and terrain modeling.

There are enough current posts and threads in the construction cost subforum here dealing with current construction costs and figures. Your questions and much more will be answered by reading for 2 to 20 evenings or even longer.

I agree.

Where are hobbies, leisure, children, clothing, gifts, drugstore items, car repairs, saving for a new car, and other insurances included?
You should keep a household ledger with every bank transaction and receipt that occurs. Even pocket money.
The household ledger has already helped some to see more clearly.
You calculate 3,200€?
Every family should have a buffer for unforeseen events. And don't forget that you also have to pay additional costs monthly. A home loan is not a warm financing. I would definitely plan 500€ for additional costs in this crisis. On top of that, there is a risk insurance to cover the partner and children.

I see that too... more will have to be spent than can be saved again.

Hmm, although you are not able with your salary and overall financial situation to build a 140 sqm house, correct, I see it pragmatically: you don’t always have to chase the bird in the hand that you can’t get anyway but should adjust your expectations to your position. There are plenty of houses that are affordable and not just for those who can afford a down payment of 200,000€ and/or a salary over 6,000€ plus something bigger or newer.

“it”: is that the main dream house from Pinterest? Another life, a double job, inherit millions, be adopted by an older lady!?
What kind of question is that?

If you realistically assess yourself on the salary scale and just engage a bit with the property market (a look now and then at a portal, newspaper, or ebay classifieds is enough), then you basically know where the problem lies with yourself?!

For your salary, you have quite well saved equity, but just one salary, which (sorry for this wording, but a user here would say that as he studied himself) does not have "academic level."
That is no shame or anything else, nor can you do anything about your salary, but you should actually know that a second salary is necessary nowadays if you want to afford something.
I know several families for whom nothing works without a third or fourth job or a side business, even if it is only reselling American consumer goods, dietary supplements, or cosmetics.
However, I see many who have your salary level living happily in townhouses without the dream of building a house and garage.

That is where I would start first if you want to continue pursuing the dream of the city villa.
However, I recommend a used townhouse or semi-detached house: because that is calculable.
My rough estimate since 2022: 150 sqm house construction with "claims" without being able to do anything yourself except painting and laying floors, with paid land requires a net family salary of about 5,000€.
 

Tassimat

2022-10-12 22:53:03
  • #6
One could also very deliberately finance extremely far into retirement, or plan not to become debt-free at all (even though I am absolutely not a fan of either option). It's basically like paying rent, only then to the bank. If interest rates increase for follow-up financing, that's unfortunate, but like a rent increase. On the other hand, inflation devalues the debt amount.

What do the forecasts in the pension statements say?
 

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