Luna200
2016-04-05 16:46:41
- #1
First of all, thanks for your feedback!
Yes, it is already paid for; we managed it from our saved equity. That’s why we’re basically starting from zero again.
Of course, we don’t count the child benefit in there. It just covers the costs for daycare. We’ve been keeping a household budget for a while, but until recently only via the withdrawals from our checking accounts. That was enough for a rough overview so far, but for about a month now we’ve been recording it meticulously. The cash expenses have already caused one or two "aha" effects ;)
Since construction probably won’t start before mid/end of 2017 and we can stay free of charge with my family during the building phase, I am confident that a lot more will come together by then. We are quite frugal anyway.
A cellar is a given for us because our plot has a steep slope. Otherwise, we would have a huge amount of earthmoving and practically no garden left. We are aware that this is an expensive affair — but we are also willing to go a bit smaller with the house size.
Is the plot paid for?
Yes, it is already paid for; we managed it from our saved equity. That’s why we’re basically starting from zero again.
Forget the child benefit. That’s needed for the child. As soon as it goes to daycare, the monthly expenses increase significantly again. There are also considerable costs for initial equipment. Your base with land + equity is quite good. But due to the relatively modest family income and the desire to have children, I would save a bit more equity. Otherwise, it could get pretty tight. I would also think carefully about the cellar. It is very expensive. 140sqm sounds very reasonable and should fit. Without a cellar and a bit more equity... then the situation doesn’t look bad :)
Definitely keep a household budget and observe for at least 1 year what is really left over. When I started doing this many years ago, I had an "aha" effect every month :)
Of course, we don’t count the child benefit in there. It just covers the costs for daycare. We’ve been keeping a household budget for a while, but until recently only via the withdrawals from our checking accounts. That was enough for a rough overview so far, but for about a month now we’ve been recording it meticulously. The cash expenses have already caused one or two "aha" effects ;)
Since construction probably won’t start before mid/end of 2017 and we can stay free of charge with my family during the building phase, I am confident that a lot more will come together by then. We are quite frugal anyway.
Your price assumption for the house including cellar. Based on my first / current information and inquiries, I would say that with a pure house price of about 270k€-300k€ I don’t know if a cellar can be 100% financed within this price. There are different statements on this again, but a cellar can currently be estimated at about 50k€-70k€, depending on the specifications. This point is currently open for me and will have to be included or excluded depending on further planning and costs of the project.
A cellar is a given for us because our plot has a steep slope. Otherwise, we would have a huge amount of earthmoving and practically no garden left. We are aware that this is an expensive affair — but we are also willing to go a bit smaller with the house size.