Our home planning - realistic or just a dream?

  • Erstellt am 2013-07-01 13:57:33

Königsbiene

2013-07-02 10:15:20
  • #1
I agree:
- Building surveyor (we had often fallen in love with existing properties and at first everything always looked rosy, or just about 100,000€ extra costs... after a friendly building expert had casually gone through the respective house with us, the dream was usually quickly over...)
- where has the money gone so far, why wasn’t any equity saved?
- don’t be too naive about the parental leave! You get good parental allowance for one year, which is easy to bridge. But what happens after that one year? Will you both really work full-time again? Or will one only work part-time, or not at all? And childcare costs money! We pay almost 800€ per month for our two toddlers! So, even if you both go back to full-time work, you should calculate high costs for your two planned children (because they don’t just cost for childcare, there are many other things that add up).
- you plan that you will never have peace and know that there will always be something to do on the house. Today, without children, that certainly doesn’t seem too bad. But just wait until children are here. Then it will be different. We both work full or almost full until 3 pm. The time with the children is limited. Besides that, we still have to clean the house, do the laundry, take care of the garden, meet friends, meet other children, renovate something in the daycare and so on. Suddenly, we are fully occupied with the children. And I can tell you, if my husband had to do something on the house every evening or weekend or if I had to manage the administrative stuff for the rental apartments... that would quickly lead to trouble between us.
- Tenants can also be annoying...
- Calculate the additional costs meticulously. They will not be insignificant. And some of these you will initially pay out for your tenants and only account for later exactly. When there are additional payments, many tenants can’t just pay them easily...

But if you are sure, then do what your heart tells you! But as I said, some dreams just cost too much money (our conclusion).
 

Der Da

2013-07-02 11:22:09
  • #2
Due to recent events, let a young father give you some advice:
You want children and a house? Then as a father, you have to be able to cover all costs alone. If you can't do that, then forget it.

Parental allowance is nice and good, but it has several drawbacks. It is limited in time and subject to the progression clause. That means you will face a hefty tax back payment. In the four-figure range, if your wife contributed about half of your income.
Then your wife wants/must go back to work after a year... that means tax class 5 and a part-time job... net income max 1000€. But now a second commute must be paid for, a second time money for work clothes spent, a second time lunch with colleagues in the canteen/elsewhere. These are all small items that add up to maybe 200 € at the end of the month. Then your child has to be taken care of somewhere. If grandma/grandpa can help, great, if not, good luck. In Karlsruhe, we wouldn't have gotten a daycare place because we earned too much. Only a private daycare would have taken our little one, costs would be about 800 € monthly for 30 hours a week with meals. Boom, and now your wife’s salary is gone.
You alone must now cover everything. Add to your loan at least 300 € monthly operating costs for the house itself, heating, electricity, water, insurance, garbage, property tax, and if things go really badly: a new street in front of your house or the sewer gets renewed, then the municipality will come to collect. Therefore, leave yourself room for reserves.

So, and now comes the really bad part, the second child arrives: (how that sounds :D): your wife's parental allowance is only a maximum of 650 € for one year. For that, you might take the first child out of daycare. But after one year it gets really bad. Either one child goes to kindergarten and the other to daycare, or worse, both have to go to daycare. These are costs that are really annoying.

We were very lucky here because in the district of Germersheim the youth welfare office covers almost all the costs for the daycare, independent of income. My salary would have been enough for everything, and in an emergency I can always prostitute myself as a consultant as an IT specialist. Salaries of 100,000 € annually are not uncommon, but you are on the road 5 days a week... and as a young family father, you don't want that.

Enough scaring you now. Look ahead and also consider the mentioned things. Only when you know all the facts can you make reasonable decisions.
 

Bauexperte

2013-07-02 11:31:12
  • #3
Hello,

You are taking the wrong steps - like most 'new' builders. I am quite sure your dreams will soon adapt to reality :-)

Before you start dealing with sums for purchase and renovation, the budget should primarily be clarified, right? Find an independent financing broker you trust - if you can't find one, I can help you in NRW - and discuss your current situation with him. This conversation will take a good 2 hours, after which you will not only know for sure how much money you can invest under which conditions, but you will also be able - as a result of the necessary discussions - to roughly estimate whether you can realize your dream project.


You must have a lot of time; the house and land would be clearly too big for me - after all, I still want to live :-) And - the maintenance of the outdoor areas is the landlord’s responsibility; don’t “dream” wrongly here.


You can calculate many things because paper is patient. After your budget is clarified, you should hire an expert - not a good friend or hobby expert - to assess the property if no valuation report is available. With such old “treasures,” water is often a big problem; that should be clarified beforehand - don’t you think?


I don’t believe you really know what’s coming your way. I support new building projects and sometimes there are builders who, for example, only want to do the interior work themselves. These kinds of builders are often busy for an entire year just with the interior work ... in a new build! What you imagine will surely take 3 years or more. It’s also a thing with “good” friends and acquaintances – they often behave differently than initially promised. Usually, relationships suffer from this!

I’ll spare you and myself comments on your calculation because it’s irrelevant as long as you don’t have an expert report that clearly shows which work must be done immediately, later, or over the years. By the way, you also need a structural engineer who guarantees - with his signature - which walls you can/must change/remove/rebuild in which thickness and where. An architect who gets the renovation work approved by the responsible authority in your name and ... and ... and.

However, I am already sure that you will not get by with the estimated €150,000. These old houses are usually completely uninsulated ... and we haven’t even talked about “surprises” yet!

Rhenish greetings
 

Wastl

2013-07-02 14:57:29
  • #4


That is already a bit naive. You want 150 sqm for yourself and your family, but only want children if you can afford it. If you can’t afford them, the 150 sqm is useless too?! You get 65% of your net salary (net, not gross) for one year with child benefit. That means you have to work again after one year – therefore you need childcare for your one-year-old (grandparents, daycare, or something else). With us, a daycare place costs about €600 per month. You get €185 child benefit... Children are very expensive!

The second point: The municipality NEVER just demands initial development fees out of the blue, but only if the street, the sewer, or similar are being developed (according to the laws of the state – so if it is declared as such, not if a street already exists, ...). If this has already happened, no further development costs can be levied as far as I know. But the responsible building authority can give you information about this. With the help of many questions at the authorities, you can certainly dispel some of your concerns.
 

Der Da

2013-07-02 15:19:26
  • #5
It may be that I misunderstand you here: But certainly, a municipality can also demand money from residents years later for the modernization of a street/sewer. And it will do so. In our case, this is regulated through a clever system in which every household pays a small annual amount for construction work in the village. This depends on the residents and the square meters of the property... This way, every year a different street is redone here. Or, as in our case next year, a sewer separation system. Development fees are also often only charged once the last building plot on a street has been built on. This is currently the case with a colleague. He was the last, and now the bill came for everyone on the street. 15 years after the street was built.
 

Wastl

2013-07-02 16:22:47
  • #6
Maybe we’re talking past each other? I actually meant the development costs that may only be charged once – but also after, for example, 15 years or, as in our case, after almost 30 years. It’s about when the street is first developed (street, sewer, etc.). After that, the renovation and maintenance of streets and sewers are planned into the water/sewer fees or into the regular budget. That way, all citizens of the municipality pay for it, not just the residents of the affected street. I just wanted to clarify that a large amount can really only be due if this initial development has officially not yet taken place?! Otherwise, of course, you have to pay for renovations with the regular fees, but not 20k all at once.
 

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