@aphordite.. these are prefabricated houses at fixed prices.. very transparent company (Dennert) so the 329K is really realistic there.. base price of the house is 257K => after additional construction costs, garage etc the offer comes to 329K
[*]Family, 2 adults 1 child
[*]Both 33 and child 3 years old
[*]1 child
[*]Possibly planning another child
[*]Both permanently employed (full-time and woman in part-time bridging)
Income and asset situation:
[*]Net 2500 (Christmas bonus/bonus/vacation pay not included), woman 900 net also no Christmas and vacation pay included
[*]Child benefit 200
[*]Equity is 60 available
[*]
Housing costs:
[*]Rent including electricity 720 Eur
[*]Phone, internet, mobile about 50 Eur
Living expenses:
Approx. 800 – 1000 Eur
Savings contributions:
[*]300
Total income and expenses:
[*]Total income = 3600
[*]Total expenses = 2100
General information about the property:
[*]How large is the plot? 545 sqm
[*]What is the standard land value? 245 €
[*]Garages? 1 double garage
[*]How large is the house? (living area / usable area) 140 sqm
[*]What is the market value of the land and house after completion? 480,000
Construction or purchase costs:
[*]Plot costs 131,000 €
[*]Acquisition incidental costs (notary, court, real estate transfer tax, broker) 7,000
[*]Construction or purchase costs (incl. architect, structural engineer) 329,000
Construction incidental costs, house connections, kitchen, garages all included in the 329k (except garden and paving work)
[*]Total costs approx. 460,000
Necessary loan information:
[*]I would like to use the 18K repayment subsidy from the KFW
[*]Furthermore, I get a 10% discount on the plot
[*]Bayernlabo I would be eligible for the interest subsidy program (it is counted as equity at the bank for a better interest rate)
[*]I have imagined a term of 25 to 30 years
[*]I think I will not be able to apply for child construction allowance in time anymore
[*]I will still receive €10,000 home ownership allowance
[*]Furthermore, when I retire I will get about 100K from my employer and I will also inherit a large single-family house that belongs to me by one third (current value approx. 600K)
these are prefabricated houses at fixed prices.. very transparent company (Dennert) so the 329K is really realistic there.
Everything that is included is listed transparently. That is correct. What is interesting is what is missing, and based on experience these items do exist. If the expected income development trends well upwards, I see no problem. If not, then you will probably spend many very lean years in your own home. It wouldn't be worth it to me.
@aphordite.. these are prefabricated houses at fixed prices.. the company (Dennert) is very transparent, so the 329K is really realistic.. base price of the house is 257K => after additional construction costs, garage etc, the offer comes to 329K
Add to that the ancillary purchase costs for the land purchase price such as tax/land registry/notary etc... For the house, additional construction costs/garage/outdoor facilities/upsizing etc.... I’m sure I forgot something! Minimum 550k depending on the region and land, rather 600k, that just doesn’t add up!
Everything that is included is stated transparently. That is correct. What is interesting is what is missing, and based on experience, these positions exist. If the expected income development points clearly upwards, I see no problem. If not, then you will probably spend many very lean years in your own home. It wouldn't be worth it to me.
I also say better to do than regret, but in this case, 2k income is simply missing! But everyone is, as is well known, the architect of their own fortune...