Is the dream of a home realistic with our financing?

Hello,

first of all, many thanks for the numerous comments, hints and advice.
and elina: you hit the nail on the head.
We recalculated everything and came to an amount of 1200 that we could afford as an installment.
But since we actually want to start at the beginning of 2017 anyway, we will save the maximum feasible amount by then. Then we will also have a good overview of which installment amount is suitable for us.

And what does that have to do with the OP's question?

Oops... sorry - NOTHING! That was actually meant to go in another thread...

Hello,

first of all, we naturally asked ourselves which amount would be financed by a bank. At ImmobilienScout, we then looked at what is generally offered for around 170,000 €.
A Vista townhouse, for example, would be interesting for us, it’s all-inclusive, meaning the land, development costs, and so on. But a used property wouldn’t be uninteresting either. However, it would have to fit financially
(max. 160,000 including renovation costs)
As I said, we want to check everything first

We have a notary appointment tomorrow for the developer contract with Vista Reihenhaus for the building area "Gelsenkirchen-Almastraße/An der Luthenburg". Since you wrote that it probably won’t start with you until early 2017: If Vista comes back into consideration for you at that time, feel free to contact me, then I can give you some experience reports (unfortunately, apart from a homeowners’ blog, there are relatively few experience reports about Vista online). Just send me a message here on the forum.

€3,200 is not that bad. But as others have already told you, building a house has really become expensive.

Equity of €20,000 is practically zero, since you already need more for the incidental costs. As BeHaEIja already writes, how big is the house allowed to be?

You also have to take age into account. If you are 25 and still have 40 years until retirement, you can more easily finance €200k; at about 50 years old, the house just has to be paid off faster.

For that, it has more equity in old age..or not...

Hello,

we were at our Sparkasse today to get some non-binding advice and to see what is possible and how much. 180,000 loan amount, 10 fixed interest period, to arrange the "time after" quite favorably in terms of interest, he recommended building savings contracts. Furthermore: various risk life insurances, including a 3-pack with occupational disability supplementary insurance and benefits for AU and unemployment, The loan he divided into three parts: 50k kfw, 80k bullet loan at 2.45 and 50k annuity at 2.10

What do you think about it?