Is land and house construction possible with our income?

I actually can’t say exactly how much the property costs, it could also be 70,000€ developed.

Are you aware of what developed means?

regarding the costs:

Also keep in mind that a house with 170 sqm has about 2.5-3€ per sqm in additional costs. Specifically 425 - 510 € monthly.

-My grandma, 85 years old, receives a pension many could dream of, the house is paid off and is on a leasehold property of the church (cost of the property tied to the wheat price)
Additionally about 120,000€ in cash assets

And as already said; if care becomes necessary, the whole thing melts away faster than butter in the sun. After all, care is significantly more expensive than what the care insurance pays. Everything is first used up to cover the difference.

If there should eventually be an inheritance, one can be glad. But before that, one shouldn’t pin any hopes on it.

If it turns out really badly, the next relatives may also have to reach into their pockets or ultimately pay for the funeral out of their own pockets.

If everything is consistent, you create a value that exceeds the loan requirement. Why wouldn’t the bank go along with that? If it goes wrong, they have the house.

Some banks see personal contribution very skeptically. There is inherently a certain risk that in the end the money is gone, but there is no house to be repossessed.

and at what risk

???

Mother was at the end in the home. Home costs 3500,-. Photovoltaic plus her pension gave 3. The rest we children. Per month. It was not as expensive as thought or feared. Karsten

Mother was at the end in the home. Home costs 3500,-. Photovoltaics plus her pension gave 3. The rest we children. Per month. It was not as expensive as thought or feared. Karsten

And yet the children had to step in. With 2,100€ net, 100€ hurts

So slowly this whole thing is starting to annoy me a bit!

990 rent for a little over 50 sqm you find reasonable? Sorry, for me absolutely arrogant!!

And 650 rent cold for my parents' apartment? Do you know the prefabricated house standard from 1970? Nothing has been done to that house since it was built... The windows whistle so much that you have to be afraid it will blow out the candles on the Christmas tree!!!

510€ additional costs? A new house of this size must under no circumstances have more than 10KW heating load at -16 degrees with full heating of every room to design temperature. Do you generate heat and electricity with a unit that may only be operated with Aral Ultimate gasoline? Someone really ripped you off with the insurances, too!

And the inheritance from my grandma although I don’t want to argue about that constantly now... I think you’ve heard of the most expensive district in Germany, namely Starnberg, that’s where the house is, plus by the lake. With her pension and the rental income she can even put money aside. The house on a leasehold plot also represents a very high value. One sqm of land to buy here costs at least 900 € everywhere.

I may be wrong with the price I imagine but I also find your calculations partly completely exaggerated!

Topic closed!!

You do know, however, that the additional costs in a property include more than just heating costs? There are also building insurance (household contents anyway), natural hazards, garbage and waste, water and electricity anyway, property tax, and reserves. Maintenance costs not to forget.

Regards, Yvonne

Yeah, with my grandma it's 280 including the lease... I looked through the documents. Well, now you could say the woman is 85 and doesn't need that much... therefore 350 euros are realistic.

I have read through many topics here and have found that many people here are very nice but others are unbeatable in arrogance.

If I had known that beforehand, I wouldn't have posted my question here at all!

Sorry if I upset anyone and still thanks for the numerous answers.

The topic can be closed, I don't think I'll check back here again.

Many greetings

Lukas