Single-family house with basement in NRW - is our financing solid?

But decentralized can be loud and disturbing to sleep in the cheap version. Above all, the change of rotation direction bothered me greatly, less so the background noise in every room.

As I said... there are definitely good arguments for it. But everyone has a limited budget and gives up things that someone else absolutely has to have. And will also have very good arguments for it. We were in a vacation apartment last month with decentralized ventilation. The owner apparently had a particularly quiet device installed in the bedroom. It didn't bother us at all..

In summer you don’t need heating, so the fan can simply blow air in or out continuously. It hums steadily and doesn't disturb. In winter you need a device with heat recovery, meaning it alternates blowing in and out. You can clearly hear the switching moment because the soft humming temporarily stops and then starts again. Otherwise, the humming blends into the background.

Hey there,

(we have "direction-changing" fans, slightly different devices depending on the room profile, but definitely with heat recovery)

After crunching the numbers diligently, the figures are a bit clearer to me now. It actually looks quite okay, but we have calculated our future expenses with some safety margins, planned more vacation paygeplant (instead of just doing it), set aside insurance and reserves for the house... so there won’t be a huge installment or big fortune left.

We also revisited the house plans and are now saving around 5 m² of living space per floor. (So there are still a generous 175 m² left for us 04. Plus there is still usable space.)

We will now have the provider calculate this. Hopefully, this will reduce the costs again by a (low) five-figure amount and mean slightly less earthworks (now) and heating costs (later)...

Maybe I’ll dare to start a separate thread in the floor plan section of the forums soon

Hey ho, I'm reviving the old thread again....
We have pushed forward the topic of building a house and have now also received the building permit (much faster than expected)!

Not much has changed from the initially described situation, except that the second junior now goes to daycare, of course everything has become more expensive "along the way," and we have corrected the flat rates previously used in our calculation (kitchen, painter, floor) to more realistic and offer-based values (i.e. significantly upwards). In addition, we have planned a photovoltaic system with storage (20-25k €) as another cost driver and had a nice design created by a landscape architect (the complete implementation of which would easily cost 50-70 k €, but can also be implemented modularly over the next XX years, the main thing is to first carry out the fundamental work).

Those were the "expensive" developments – but there is also financially more positive news:
I am now on the path to becoming a civil servant (meaning a little more cash in the pocket and soon no longer paying the highest rate in the statutory health insurance but the cheaper aid tariff in the private health insurance), my wife starts working part-time again next week, we have further increased our equity, are now more confident regarding the affordable burden (which, if you read the thread completely, was not the case from the beginning ;)) and will also take out a private loan with initially at least 5 repayment-free years from my parents. The KfW repayment grant will also be granted, but we have consciously not yet priced in the money.

We are still aiming for a loan of 400,000 € with a monthly rate of roughly 1200€ and have always planned the option of special repayments. We have obtained many different financing offers and are now undecided....
a) ....preferably take a better interest rate for 15 years or
b) fix the current low-interest level for 20 years (or even longer)?

a) – here the question is: What interest rate will one get after the effective 0.91% for the remaining ~226 k € as a follow-up? It hardly can get better


b) – here we pay about ~12 k € more interest over the comparable period of 15 years at an effective 1.07%, which roughly corresponds to an average year of repayment performance

For 25 years or more, the interest rate then rises somewhat more comparatively to ~1.25%. As a full repayment loan (about 32 years), we end up at ~1.3%.

We are rather security-oriented, so we lean towards longer interest rate fixation – on the other hand, it hurts me more in interest when I see it in black and white. What to do?

And quite generally: 0.91% effective is okay, right?

Thanks in advance and best regards from the Rhineland!

Hey ho, I'm bringing the old thread back to life.... We have pushed the house-building topic further and have now also (much faster than expected) received the building permit!

Not much has changed in the initially described situation, except that the second junior is now going to daycare, of course everything has become more expensive "along the way," and we have corrected the flat rates previously used in our calculation (kitchen, painter, flooring) to more realistic and offer-based values (i.e. significantly upwards). In addition, we have planned a photovoltaic system with storage (20-25 k€) as another cost driver and had a nice design created by a landscape architect (whose complete implementation would easily cost 50-70 k€, but can also be implemented modularly over the next XX years, the main thing is that the basic work is done first).

Those were the "expensive" developments – but there is also more positive financial news: I am now on the way to becoming a civil servant (meaning a bit more cash in the pocket and soon no longer paying the maximum rate in the statutory health insurance, but the cheap supplementary tariff in private health insurance), my wife will start part-time again next week, we have further increased our equity, are now more confident regarding the manageable burden (which was not the case from the beginning if you read the thread completely ;)) and will take out a private loan with initially at least 5 years without repayment from my parents. The KfW repayment subsidy will also be fine, but we have consciously not priced that money in yet.

We are still aiming for a loan of €400,000 with a monthly rate of roughly €1,200 and have always planned the option of special repayments. We have collected many different financing offers and are now undecided.... a) ....prefer to take a better interest rate for 15 years or b) fix the current low interest rate level for 20 years (or even longer)?

a) – here the question is: What interest rate do you get after the effective 0.91% on the remaining ~€226k as a follow-up? It can hardly get better.

b) – here we pay already about €12k more interest at an effective 1.07% over the comparable period of 15 years, which roughly corresponds to an average year of repayment performance. For 25 years or more, the interest then rises somewhat more comparatively to ~1.25%. As a full repayment loan (around 32 years) we end up at ~1.3%.

We are more security-oriented, so we tend toward the longer fixed interest rate – on the other hand, it pains me more to see the interest written in black and white. What to do?

And in general: 0.91% effective is okay, right?

Thanks in advance and best regards from the Rhineland!

Question regarding option B: Do you have a current offer for this? The interest offer is very good. May I ask which framework (equity ratio, loan-to-value) was used here? We recently decided on 20 years, for the simple reason to be independent of market developments. Depending on how things go, the pain over the term can also turn into relief ;)