LukeLuu
2016-07-13 15:15:48
- #1
Hello everyone, I have been following the forum for a while and have now registered.
I have been thinking for a long time about building a house according to my wishes. Unfortunately, the purchase offer does not say anything at all, so building something is the only option left.
About me, I am nearly 24 and a half years old and work in the IT sector. My net income currently amounts to about €2,000 per month but will steadily increase. My girlfriend earns about the same. However, I would like to finance the house on my own. Simply so that in case of emergency it belongs to me alone. Now here it comes, I have a bit of equity that I am contributing because my father has already bequeathed me some "assets" in view of gift and inheritance tax. I would contribute equity of €350,000.
My ideas for the house are around 160 sqm living space, 1 1/2 stories, with a usable basement (WU). Normal equipment, maybe with a bit of home automation included. It should also have KFW 55 or 40. I also imagine a nice double garage.
I have been looking for a plot for a long time, so far unfortunately without success. I would then pay for that from the equity and calculate about €100,000 for 800-1000 sqm fully developed with notary and tax etc. That would leave €250,000 equity remaining. Of course, you don't get a house for that. I was then thinking of a loan of about €150,000-200,000.
The question now is, is all this feasible, what would you do?
I have been thinking for a long time about building a house according to my wishes. Unfortunately, the purchase offer does not say anything at all, so building something is the only option left.
About me, I am nearly 24 and a half years old and work in the IT sector. My net income currently amounts to about €2,000 per month but will steadily increase. My girlfriend earns about the same. However, I would like to finance the house on my own. Simply so that in case of emergency it belongs to me alone. Now here it comes, I have a bit of equity that I am contributing because my father has already bequeathed me some "assets" in view of gift and inheritance tax. I would contribute equity of €350,000.
My ideas for the house are around 160 sqm living space, 1 1/2 stories, with a usable basement (WU). Normal equipment, maybe with a bit of home automation included. It should also have KFW 55 or 40. I also imagine a nice double garage.
I have been looking for a plot for a long time, so far unfortunately without success. I would then pay for that from the equity and calculate about €100,000 for 800-1000 sqm fully developed with notary and tax etc. That would leave €250,000 equity remaining. Of course, you don't get a house for that. I was then thinking of a loan of about €150,000-200,000.
The question now is, is all this feasible, what would you do?