Climbee
2016-10-18 09:05:52
- #1
I agree with all my predecessors.
But what hasn’t been mentioned at all yet, and I want to address now:
You can already plan to build a house with your means. You are assuming the CURRENT maximum burden of €850, probably you can even manage €1,000 (cold) if you really restrict yourselves at the moment.
And with the currently low interest rates, you lock that in for a long time. 20 years fixed interest rate, right?
So, if I have read correctly, you are 31 and 25 years old and currently have no children, but apparently already have them planned in the back of your mind. Probably in the next 10 years, right?
So, I come back to the fixed interest rate: with your monthly possibilities, fully utilized, financed over 20(!!!) years, you can manage it somehow (I will come back briefly to the own contribution below). But how is that supposed to work if you still want children and one salary disappears fully or partially? Have you ever thought about that? Can you manage the €850 or even more ALL BY YOURSELF with your salary? And then there are children, too, who cost money, and NO, you can’t raise them on child benefit alone...
And own contribution, something has already been said about that. You are a craftsman yourself, so you know your hourly rate. Now calculate how many hours you want to work so it amounts to €30,000...
And that has also already been said: sure, you can move into a relatively unfinished house and keep working on it on the side. But certain things must be there at move-in: connections, the toilet bowl should be installed (if you move in during summer, you can do without a shower at first and shower outside in the unfinished garden, that also saves money, right), the bed should stand somewhere, and then you can finish room by room. It’s possible, but you won’t really do it that way. So the time during which you pay both rent AND the loan will be longer. How long can you manage that?
Outdoor facilities/plaster etc.: look exactly at what is required here. I know building areas where they want the outdoor facilities to be completed two years after the sale. And then there’s no “the roses can bloom later.” If you don’t have any restrictions there, great, then that can really wait (but it’s also not nice, for example, to live in the dark for days because the plaster is being applied, constantly have dirt because the outside is still just a mud pit after a year, etc. But that’s bearable).
So, long story short: you can surely manage it somehow, but in your life planning you might want to decide on a dog instead of children...
Please come down to reality immediately and don’t snap at any moderators because they don’t tell you what you want to hear (there’s a reason why they became moderators... usually it’s experience).
But what hasn’t been mentioned at all yet, and I want to address now:
You can already plan to build a house with your means. You are assuming the CURRENT maximum burden of €850, probably you can even manage €1,000 (cold) if you really restrict yourselves at the moment.
And with the currently low interest rates, you lock that in for a long time. 20 years fixed interest rate, right?
So, if I have read correctly, you are 31 and 25 years old and currently have no children, but apparently already have them planned in the back of your mind. Probably in the next 10 years, right?
So, I come back to the fixed interest rate: with your monthly possibilities, fully utilized, financed over 20(!!!) years, you can manage it somehow (I will come back briefly to the own contribution below). But how is that supposed to work if you still want children and one salary disappears fully or partially? Have you ever thought about that? Can you manage the €850 or even more ALL BY YOURSELF with your salary? And then there are children, too, who cost money, and NO, you can’t raise them on child benefit alone...
And own contribution, something has already been said about that. You are a craftsman yourself, so you know your hourly rate. Now calculate how many hours you want to work so it amounts to €30,000...
And that has also already been said: sure, you can move into a relatively unfinished house and keep working on it on the side. But certain things must be there at move-in: connections, the toilet bowl should be installed (if you move in during summer, you can do without a shower at first and shower outside in the unfinished garden, that also saves money, right), the bed should stand somewhere, and then you can finish room by room. It’s possible, but you won’t really do it that way. So the time during which you pay both rent AND the loan will be longer. How long can you manage that?
Outdoor facilities/plaster etc.: look exactly at what is required here. I know building areas where they want the outdoor facilities to be completed two years after the sale. And then there’s no “the roses can bloom later.” If you don’t have any restrictions there, great, then that can really wait (but it’s also not nice, for example, to live in the dark for days because the plaster is being applied, constantly have dirt because the outside is still just a mud pit after a year, etc. But that’s bearable).
So, long story short: you can surely manage it somehow, but in your life planning you might want to decide on a dog instead of children...
Please come down to reality immediately and don’t snap at any moderators because they don’t tell you what you want to hear (there’s a reason why they became moderators... usually it’s experience).