Special repayment after house construction

  • Erstellt am 2016-04-28 16:23:30

Sebastian79

2016-04-29 14:38:39
  • #1
The question is how realistic such information is - everyone has to decide for themselves. I did say that reserves are certainly not wrong, but it's like with the banks' household tables before financing - these are average values that can be completely off depending on the needs & abilities of the individual persons.
 

toxicmolotof

2016-04-29 16:35:28
  • #2


Only with the difference that maintenance costs are property-related, not person-related. Your comparison is therefore very flawed. If the heating or the roof is broken, I wouldn't know how that could vary.
 

Sebastian79

2016-04-29 16:42:22
  • #3
How great my craftsmanship skills are...

And I wouldn't know what the size of the house has to do with the heating - the roof on the house with a living basement is also not bigger.

Therefore...
 

toxicmolotof

2016-04-29 19:20:46
  • #4
I don't know, but you're always quick to respond... just so much... big house, big heating system, small house, small heating system.

Of course, not every house is the same and the values are guidelines. But at 50 cents per square meter, you won't get very far in the long run.

And finally: I don't want to speak ill of your core competencies, but how many houses have you built, how many have you renovated, how many new builds have you financed, how many used properties financed, renovations financed, home financing handled due to insolvency, etc...
 

Payday

2016-04-29 20:10:07
  • #5

that is really interpreted more than pessimistically. first of all, all the renovation works you mentioned are EXACTLY what you save for every month. furthermore, many of the mentioned items last significantly longer.

- painting outside: for brickwork complete nonsense or not possible at all
- painting inside: sure, it has to be done, even earlier. but you don’t do it all at once like with a new build, rather gradually, and it’s a great thing to do yourself. renovating one room does not cost the world
- new kitchen: no one buys a new kitchen after 10 years if they buy something reasonable from the start. of course, if you are swimming in money, you can do that, but for everyone else the kitchen easily lasts twice that long. individual appliances have to be replaced at some point, but a good oven doesn’t cost 1000€
- roof: seriously after 10 years? if anything, it would be storm damage, which the insurance pays for
- outside area and photovoltaics: voluntary things that don’t really fall under the expenses for such savings

the mentioned guidelines are largely good. you should definitely save something, but less as a monthly amount x and more as a reasonable fixed sum. of course, if you don’t have 1000€ free every month by strict saving, you have to have more. but what EVERYONE must have ready for the house is enough money for an extensive repair of the heating system. as soon as the warranty runs out, that part can quickly cost 2-3000€. and then the money MUST be there immediately, especially in winter. depending on how quickly you can replenish a certain amount, you need to have different amounts saved. I personally consider 5000€ as an iron reserve just for repairs on the house sufficient, since we could replenish it very quickly in an emergency. in addition, we have another 5000€ reserve for "payment defaults", so in total we save 10000 for house + repayment. everything above that goes into the next car or special repayments.
the return you make today on special repayments is actually quite easy to calculate. just take the remaining repayment period and multiply it by the interest rate. 1000€ special repayment at 2% interest and 20 years remaining repayment time is 400€ (20x2% = 40% -> 40% of 1000€ is 400€) saved interest or 2% return over 20 years.
so if you can invest the money somewhere at (or above) your interest rate, it's more profitable than special repayments. if you invest the money yourself, depending on the investment type, you also have it available in an emergency and can, for example, simply cover the repayment rates with it. if you repay 100,000€ extra over the years but then cannot repay for 2 years, the bank will be on your case (maybe you can do something about that with the many special repayments, depending…). if you have the 100,000€ in your account and use it to cover payments, the bank doesn’t notice anything at all.

when the house is 10 years old, we will start saving then, but much more aggressively. for now, we will first repay the extra money that is left over.
 

Sebastian79

2016-04-29 20:21:40
  • #6
Where did I write 50 cents/m2? I said you shouldn't get worked up and 2 euros per m2 is, in my opinion, completely exaggerated for new construction.

Everyone has to decide for themselves how much security they need.

For example, you did not address my reference to personal, craftsmanship skills.

And big house, big heating etc? A small heat pump and a two-step bigger heat pump cost about 1000 euros more at my manufacturer – that corresponded to a doubling of heating capacity. I maintain that especially the technical equipment constitutes a base amount but does not then multiply with the m2.
 

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