Planning to build, is it realistic? Young + Equity

  • Erstellt am 2016-07-13 15:15:48

ypg

2016-07-14 16:16:49
  • #1

And which ones?

It doesn’t matter at all why and how, just let it be, instead of creating a side issue!

The fact is that you have no clue and that’s why you’re asking your question here in the forum.
You get answers... many go off-topic and don’t suit you... so what?



It’s up to you to take something from the answers or not. Nobody will hold your hand – and none of us, including you by the way, can look into a crystal ball here!
 

bierkuh83

2016-07-14 17:28:29
  • #2


Your interjection was not worth considering but rather more like "Teacher, I know something.. I.. I.."
I’ll also tell you why I think that... Someone who bequeaths such a sum to their child at such a young age doesn’t just have pocket change in their account... By the way, they do this exactly to avoid the scenario you "considered"... They also know how to handle money, or rather have a (good) tax advisor...
Old-age poverty... I’m laughing my head off...

And always this knockout argument "you also have to live with uncomfortable answers"... Uncomfortable answers are a (good) thing.. simplistic, useless, or presumptuous answers are a completely different matter...

But I won’t get upset anymore now. It’s pointless...
 

Maria16

2016-07-14 21:45:52
  • #3
Right, the OP is planning without his girlfriend, so all the emotional nonsense can actually be ignored. However, the information about how much money your girlfriend earns was also absolutely unnecessary, since her money shouldn't play a role.
 

Neige

2016-07-14 22:25:52
  • #4
The answers given to the OP are not just pulled out of thin air; they are simply things that life writes. Some may have experienced the scenarios themselves or have witnessed them to some extent within their family/friend circle. All these concerns/experiences are gladly shared with a young person. What he ultimately makes of it is entirely his own business. I am done.
 

LukeLuu

2016-07-14 22:59:07
  • #5
Since I have received the answers to my questions, I don't think this discussion needs to go any further in all directions. I also don't want it to become personal or anything like that.

I thank everyone for the answers and also for the tips.
 

bierkuh83

2016-07-15 00:44:08
  • #6
Sorry , that I still have to write something here, but this issue is really burning under my nails...

The OP clearly wrote that he does not want relationship advice here... totally understandable and repeated as well. Why can't some people here respect that?

1. He wants a house now
2. but his girlfriend does not want to get married yet

What an entry 50:50 in the land register means considering the gift tax issue, you experienced homebuilders don't need me to explain now (could be arranged via a private contract/interest-free loan, but the OP prefers to finance the house alone - period)

The hint that he should rather wait until marriage is nice - but see points 1 and 2.

and 3. maybe the girlfriend also does not want half a house on her back yet?

And again - the super great hint about the "imminent" parental support - related to the situation, taking into account the legally anchored retention and exemption amounts would have been acceptable - but just throwing the horror scenario "all the money is gone" - well...

So and now to finish "what I would do":
1. With 350k in the back, I would look for a monthly rate I can/want to pay
2. then I would check how much credit I can get for that
-> playing here with different equity contributions and watching how the interest rates move
3. that leads to different budgets based on the different equity contributions
4. find out what you can build with that and decide...

So, I would probably end up with a more modest number than you plan, since I would want to keep a nice part of the equity for the following reasons:
- with the excellent interest rate, I would invest the retained equity so that hardly/no loss or even a profit occurs
- separation -> pay installment + full additional costs alone
- possibly self-employment
- wedding, travel, pilot/sailing license, whatever...

So, I'm out here now...
 

Similar topics
28.03.2011Can we afford to build a house without equity?14
20.07.2011House construction: Equity / incidental construction costs realistic?14
30.04.2012No equity, good income, financing feasible?22
19.03.2013General questions about equity and construction costs10
20.06.2013Problems with equity - real estate purchase15
29.08.2013Calculate equity and financing12
21.08.2014Is financing without equity realistic?19
05.10.2014Building a house without equity26
27.10.2014Fixed interest rate financing without equity?20
16.01.2015Is financing possible with my own equity?19
18.02.2015How much equity is used when purchasing land?13
21.02.2015Impacts on loan when equity is in property17
18.03.2015Buying property feasible - Loan with building savings as equity?12
15.09.2016Home purchase financing with little equity?44
28.01.2020Dream of the house realistic? - hardly any equity42
05.04.2021Financing terraced house around 1970, solid. 150k equity / 550k loan / 5k equity12
26.03.2022Feasibility of house financing 4.6k€ net 140k€ equity36
18.12.2024Construction financing without equity as an option?162
11.06.2022Use of Credit vs. Equity41
17.07.2022Single-family house: Is the rate realistic? How much house can we afford?177

Oben