Special repayment after house construction

Hello,

we built a house 1.5 years ago, the exterior facilities are also all finished. We are currently not expecting any further costs regarding the house.

At the same time, of course, we have saved and set aside some money again.

How high should a reserve for a house and in general be before one starts to use the special repayment of the financing? Can this be estimated? X% of the house construction sum,....?

Regards
Bauherr1010

2 euros per sqm and per month.

Hello,

we built a house 1.5 years ago, the outdoor facilities are also all finished. We are currently not expecting any further costs related to the house.

At the same time, of course, we have saved and set aside some money again.

How high should a reserve fund for a house and in general be before you start using the special repayment of the financing? Can you estimate that? X% of the house construction sum,...?

Regards
Bauherr1010

Similar with us: we have now used the full special repayment three times. We do not expect our 2-year-old house to have any costly issues in the next 8 years.
Now we are becoming stingy, because who knows what will come?!
So I sat down and calculated where we stand with our special repayments in 2024.
I also calculated where we would be if we made a special repayment again in 2017.*
In the end, I can now say that through our already transferred repayments, we pay 4,000 € less interest; with 2017 it would have been 5,000 €.
The remaining debt is naturally also lower according to the special repayments. In this respect, I would say: repay as much as you can at the beginning of the years. Of course, keep a little back, possibly for other repairs or the car down payment...
Because a daily allowance account does not bring that much over the long term. However, at an interest rate of 2.5%, if you should be under 2, the satisfaction of seeing the money as a buffer in the daily allowance account might prevail.

*and yes: those who know me know that I stay out of financing. That’s why I was silly enough to calculate everything monthly with pen and calculator. But I actually enjoy it...

... and today saw that Interhyp offers a great calculator that includes special repayments and repayment increases.
By the way: no mistake on my part – except forgetting a last monthly installment

Hello,

we always save separately, house, new car, vacation and of course the [Sondertilgung]. We have set a goal for ourselves as to how high a [Sondertilgung] must be per year. That is 3,500 which we can easily afford as of now. Anything beyond that is nice but not necessary as it would come at the expense of other amenities.

2 euros per sqm and per month.

I have read that quite often, but it is also often said that it is not necessary at the beginning.
If I apply that to 150 sqm, that is 300 euros per month,
after 10 years, when the initial teething problems occur, that would be 36,000 euros.
I find that quite enormous, I would rather use part of it as an additional repayment towards the mortgage...

It is a guideline.

What does one do after about 10 years... paint the outside, paint the inside, new kitchen, possibly repair the roof, redesign the garden, photovoltaic panels on the roof, there are many things, and when you consider that prices almost double in 10 years, the 36 will then only be worth 18. They disappear quickly.

But of course, you can also manage with less. Completely according to your own preference.