herufbay
2021-08-05 15:18:48
- #1
Hello dear forum,
We had our second child last year (planning now completed) and need more space permanently (a second children's room). Since we want to stay in the town, the new place has to be at this location. As housing is in high demand here, good advice is often expensive.
About four months ago, we happened to hear that a multi-family house was being renovated and inquired there. In the end, we got a four-room apartment in the house, move-in date at the end of the year. The cold rent for the new apartment will be 1300€ per month.
Now we have received a short-term opportunity to buy a semi-detached house. Below are some key data with the request for an assessment of whether you consider it feasible:
Year of construction 2001, 500 sqm plot, 160 sqm living space plus basement. Heating recently renewed, very good condition of the house (only painting necessary at most). Kitchen as well as other furniture is available.
HE: Civil servant, 3650 € net
SHE: Employee 1200 € net including child benefit (part-time employment, with appropriate age of the children increasing to full-time)
Equity: 60,000 €
After deducting all fixed costs (including 850 € cold rent), currently 2,400 € remain per month.
I am thinking that instead of the 1,300€ cold rent every month, I would rather pay a bit more each month, but then pay off ownership.
Thanks for your opinions
We had our second child last year (planning now completed) and need more space permanently (a second children's room). Since we want to stay in the town, the new place has to be at this location. As housing is in high demand here, good advice is often expensive.
About four months ago, we happened to hear that a multi-family house was being renovated and inquired there. In the end, we got a four-room apartment in the house, move-in date at the end of the year. The cold rent for the new apartment will be 1300€ per month.
Now we have received a short-term opportunity to buy a semi-detached house. Below are some key data with the request for an assessment of whether you consider it feasible:
Year of construction 2001, 500 sqm plot, 160 sqm living space plus basement. Heating recently renewed, very good condition of the house (only painting necessary at most). Kitchen as well as other furniture is available.
HE: Civil servant, 3650 € net
SHE: Employee 1200 € net including child benefit (part-time employment, with appropriate age of the children increasing to full-time)
Equity: 60,000 €
After deducting all fixed costs (including 850 € cold rent), currently 2,400 € remain per month.
I am thinking that instead of the 1,300€ cold rent every month, I would rather pay a bit more each month, but then pay off ownership.
Thanks for your opinions