New single-family house 150 sqm possible?

  • Erstellt am 2024-06-20 11:20:15

MachsSelbst

2024-06-21 22:44:53
  • #1
Strange assessment. Currently, both work full-time and have a net income of 5,400 EUR/month, the warm rent is 700 EUR.

They definitely need to borrow 250,000-300,000 EUR, which at a 4% interest rate will result in a payment of... 1,800 EUR? That already requires 1,300 EUR more than the current cold rent. Additional costs also tend to increase. The burden therefore rises by 1,500 EUR.
If a child comes, that means for the woman 67% of the net income for 1 year, so about 800 EUR will be missing, plus the progression clause, then part-time work. If another child comes, the parental allowance decreases due to part-time work...

Apart from that, children also cost good money.

Very tight situation...
 

MachsSelbst

2024-06-21 23:10:39
  • #2
Oh, I see... can you do anything yourselves? Because 20,000 EUR for the outdoor facilities is the classic calculation for "material costs, the work is done by the builder himself." And that only works if you don't have to compensate for any height differences to the neighbor at your own or shared expense... if L-shaped stones are needed, you quickly end up at 200 EUR/m, because from a height of 50 cm a professional has to do it...
 

nordanney

2024-06-21 23:19:59
  • #3

With an equity contribution of 45%, the loan-to-value ratio will be manageable and thus the conditions will be in a very good range by comparison. With a 1.5% repayment rate at the start (that means roughly 35 years term, so paid off before retirement) the payment is currently about 1,150-1,200€ (interest currently about 3.2-3.3%).
So your assessment is completely off.


If you call a financing of about 1,200€ for a young family with (currently) two working persons very tight, you live far from any reality. Even with only one income (probably a different tax class and 3,500€ net (?) plus child benefit of €250) that is only 1/3 of the available income. Worst case!

So no, absolutely not a tight situation.
 

ypg

2024-06-21 23:30:04
  • #4
That is the goal of many, but often not a good calculation. When money becomes expensive or is only available at a high cost, quick repayment is not worthwhile. As already said: there is an equivalent value, namely the house. And it "grows" monthly as equity. If you finance a house and die next week, then someone, either the partner or the children, is in the worst-case situation of managing an inheritance. There are not only "debts" on one side, but also a property on the other side. The heirs will manage the situation and most likely will not end up in the negative.
 

Similar topics
12.03.2013What is the maximum rate for a net salary of 3,000 euros?24
22.07.2015Young family wants to buy a house, but does the installment fit?15
11.08.2015What can I realistically afford as a rate?51
14.12.2015Does my rate match the salary?38
03.09.2016Interest rate / rate - bank calculation16
13.12.2016Realistic monthly rate59
22.03.2017Is a high first installment common in a payment plan?23
11.11.2018KFW negatively affects the rate. Still use it?11
27.05.2019Feasible? Your assessment regarding the rate and plan44
17.07.2022Single-family house: Is the rate realistic? How much house can we afford?177
25.09.2022Financing monthly installment €2500 with 40 years term117
08.12.2022New rate twice as high - experiences107
01.01.2024How much installment can we afford?42

Oben