Presentation Single-Family House New Construction Project 2022 including Cost and Financial Statement

I add less. Small business and bonuses are probably not taken into account…
That doesn’t mean I see an impossibility with you :)

How do people always come up with that?! …

Have you already taken out the loan?

The €5,090 breaks down as follows:
€4,000 net
€450 base (from October)
€440 child benefit
€200 side business

I could also make it look good for us:
€4,000 net
€610 parental allowance
€440 child benefit
€250 family allowance
€200 side business

Since the family allowance is only paid until July 2023 and the parental allowance ends this July, we replaced it with the wife's base job.

The bank estimated the market value before granting the loan.

Yes, at the beginning of January I agreed with my advisor to have phone calls every two weeks to coordinate the conditions, and she promised to call me if I needed to act quickly. It was already time by mid-January. Of course, I had all the documents ready, practically up to date. Now I already regret not having fixed it for 20 years, woulda woulda :-)

Looks good. Can you still earn a bit more – how about salary increases as a “developer” (what is that :) )?

You seem to be very frugal (oh I just noticed you have an inheritance/good family price as starting capital) that will work out.

Looks good. Can you still earn a bit more – how about salary increases as a “developer” (what is that :) )? You seem to be very frugal (oh I just noticed you have inheritance/good family price as starting capital) that will work out.

Yes, I can definitely scale that up a bit within my available time. Salary should still have room for improvement; after all, that's why I completed another academic degree around this time last year and changed my position. However, this was never "priced in" in our finances and was meant to cover rising living costs and special repayments. Developer is a collective term in our company for, let's say colloquially, "graduates." This allows for certain job mobility regarding other positions. I bought the plot back then at market value within the family. My grandfather had arranged this to secure my grandmother in old age should he no longer be there – which unfortunately has been the case for 25 years. We were and still are very disciplined regarding expenses. To save the amount of equity, we even moved for a time years ago into a 1.5-room apartment in a working-class neighborhood, which was no problem for us to realize the dream of a single-family house. Nevertheless, I sometimes have doubts whether we are overextending ourselves. When the children were not yet born, we were more willing to take risks. Now we weigh big decisions very carefully and ask ourselves what impact they could have on the children in the worst case. I have great respect (but also concerns) for families with sometimes less income and a "worse" starting position who are currently still trying to take on building.

I have great respect (but also concerns) for families with sometimes lower income and a “worse” starting position who are still venturing into building right now.

Not everyone has the same risk profile and requirements. While one puts their money into a savings account due to inflation and seemingly invests it “safely,” another takes some risk, and you know, nothing ventured, nothing gained :)

I just know that I live in the here and now – unfortunately, I have also experienced early deaths in the family. That’s why I am not too hesitant / risk-averse – sometimes you just can’t “put off until tomorrow.”

Yes, awesome project! Looks great!

These [Bodenrichtwerte] always. Unbelievable :D

Yeah, awesome project! Looks great!

Well, I actually find the Frisian gable on the carport a bit too flat *LOL*

Seriously: while the headline suggests that this is about a project including the financial framework conditions, so far I actually only read about these. Even though we are here in the financing section and the approach is a relief for a change, as a pleasant alternative to the "please ignore that this is not affordable front and back, I just want applause for my phenomenal floor plan" threads, I do miss the object of the project:

At least I haven’t gathered yet (?), what is actually supposed to be built here and where: is the currently occupied inherited grandparents’ house to be cashed in and only the sales proceeds flowing into the construction budget, or is it supposed to be renovated and extended, is the plot for a new house already available or is there still enough space in the garden?

which is supposed to start in October 2022

at least allows the interpretation that the clock could already have started ticking for such banal things as design planning. Money as mortar is honorable, but you do "also" (???) need a few stones in between to build a house.