Hando
2015-07-25 11:06:42
- #1
Hello everyone
we are new to this forum at least as active members, until now we were the silent readers ;)
Well, our concern is what a surprise the wish to own our own little house.
Unfortunately, the prices in our region have skyrocketed unbelievably, so there is a great uncertainty whether this is still possible for us at all.
A short introduction about us, we are 35 (him) and 30 (her) and have a soon to be 5-year-old child.
Family planning is finished, nothing comes in between ;-).
Finances:
Salary him: 2700-2900- depends on the shift schedule. additionally Christmas bonus and vacation pay which I do not want to include, permanent contract with 20 years company seniority.
Salary her: 650- part-time, permanent contract in the public service. Also with WG and UG.
+Child benefit 1x
So a total of about 3600- per month, which I considered solid so far, but in my opinion maybe not necessarily outstanding for today’s real estate prices.
Current expenses for our apartment are 800- plus additional costs 300-
In the last few months we kept a household budget and came to about 500- remaining after deducting all costs, meaning rent, additional costs, living expenses, car, saving rate of 300- etc. and monthly allocation of all yearly costs such as insurances etc. in other words everything you need to live and also sometimes make an outing with the child, meaning leisure activities.
Equity is 85,000- and a building savings contract with a current balance of 10,000-.
What we have thought about is that we could and want to pay a rate of about 1200-.
But unfortunately the real estate market in our area is not exactly cheap.
Used houses start at about 380,000- + additional purchase costs, whereby these sometimes still need to be renovated, so here we are certainly at 420-430,000.
New builds in the form of terraced and linked houses are also in the region of 400,000- + additional purchase costs. Single-family houses I would consider unaffordable.
Actually our question is what you think, is a rate of 1200- realistic. We also calculate 300-400 additional costs with our finances.
And what would be realistic as a financing amount with this rate + equity?
We are simply uncertain and do not want to become unhappy.
Honest opinions and criticism are welcome!
Hope the text is understandable. Thanks in advance.
we are new to this forum at least as active members, until now we were the silent readers ;)
Well, our concern is what a surprise the wish to own our own little house.
Unfortunately, the prices in our region have skyrocketed unbelievably, so there is a great uncertainty whether this is still possible for us at all.
A short introduction about us, we are 35 (him) and 30 (her) and have a soon to be 5-year-old child.
Family planning is finished, nothing comes in between ;-).
Finances:
Salary him: 2700-2900- depends on the shift schedule. additionally Christmas bonus and vacation pay which I do not want to include, permanent contract with 20 years company seniority.
Salary her: 650- part-time, permanent contract in the public service. Also with WG and UG.
+Child benefit 1x
So a total of about 3600- per month, which I considered solid so far, but in my opinion maybe not necessarily outstanding for today’s real estate prices.
Current expenses for our apartment are 800- plus additional costs 300-
In the last few months we kept a household budget and came to about 500- remaining after deducting all costs, meaning rent, additional costs, living expenses, car, saving rate of 300- etc. and monthly allocation of all yearly costs such as insurances etc. in other words everything you need to live and also sometimes make an outing with the child, meaning leisure activities.
Equity is 85,000- and a building savings contract with a current balance of 10,000-.
What we have thought about is that we could and want to pay a rate of about 1200-.
But unfortunately the real estate market in our area is not exactly cheap.
Used houses start at about 380,000- + additional purchase costs, whereby these sometimes still need to be renovated, so here we are certainly at 420-430,000.
New builds in the form of terraced and linked houses are also in the region of 400,000- + additional purchase costs. Single-family houses I would consider unaffordable.
Actually our question is what you think, is a rate of 1200- realistic. We also calculate 300-400 additional costs with our finances.
And what would be realistic as a financing amount with this rate + equity?
We are simply uncertain and do not want to become unhappy.
Honest opinions and criticism are welcome!
Hope the text is understandable. Thanks in advance.