Prefabricated house - Yes or No?!

Yes, of course you are right......I didn't even think about that. I myself work in a corporation and earn very good money, I think. Don't want to sound arrogant!!!! And the house sale will happen at some point, that's for sure. But you are right, only when the money is in my account is it also "mine." Unfortunately, I still have concerns because it's just so much money!!!!!! How was it for you when building your house????

My girlfriend earns a net income of 1250 euros and I have a base salary of 3050 euros net. Together that makes 4300 euros. From that, 1300 euros go towards liabilities. Equity is about 5000 euros.

Either you update girlfriend to wife, or only calculate with 3,050 € income. If you deduct 1,300 € liabilities from that, only 1,750 € remain, which is too little for a 285,000 € loan.

With 1% repayment, you come to a rate of about 900 € with 10 years fixed interest, and at 2% repayment already about 1,100 € – and more and more banks now insist on 2% repayment.

The question is what happens with your share of the 3-family house? You have been paying the installment for 6 years already and possibly invested equity back then? Perhaps you could increase the equity for the new building by cashing out your share?

how was building the house for you????

We are not building yet, but have been planning and calculating for almost 3 years.

In the meantime, we have countless plans that have already been discarded again. But we are getting closer to our final ideas. When you look at your plans again after a few months, you come up with something you want to do differently.

For us personally, the already long planning period has proven very useful. We are finding more and more pitfalls to consider, and I have experienced plenty of financing options. The most sensible one for us I now calculate in large Excel sheets. There I get suggestions for example about the budget and my repayment amount, know my interest and repayment share for every month of the financing, automatically calculate fictional follow-up financings and their repayment amounts.

Of course, it doesn’t take away the risk of losing the job or getting sick, but through planning certainty I can minimize other risks. And I don’t have to be sold dubious financial deals and astronomical returns by banks.

We will probably start building next year. Due to our long and intensive planning, we certainly do not believe we are doing everything right, but we have certainly avoided a lot because of it.