Townhouse financing experiences?

  • Erstellt am 2022-11-16 16:21:11

Tassimat

2022-11-17 11:35:57
  • #1
Did the roofer also have an opinion on the expected costs?
 

David8282

2022-11-17 11:42:43
  • #2
20-40k € but without having compared prices extensively. Since you don’t know how much effort is required and only see once the roof is open. No fixed price guarantee etc. like it usually is nowadays. But I consider 40k to be unrealistic for the manageable roof, rather 25-35k is realistic.
 

Tassimat

2022-11-17 12:05:29
  • #3
Well, I would still make sure that in 4 years not €35,000 but the mentioned €40,000 is available. Otherwise, there will be a new loan. Actually, I would even have the roof done right before moving in. I don’t know the year of construction and other details, but new insulation could save you a lot on heating costs, even if it’s only for 4 years. And later you simply won’t have any trouble with it once you already live there.

Anyway. There are general rules of thumb that say you can usually afford a loan up to 100 times your monthly net income. The exact factor is debatable, as well as how current interest rates play into it. But you yourselves are well below that limit even without the maintenance payments. So all good. And because you are so far below the rule-of-thumb limit, I wouldn’t choose an expensive full-coverage financing option with a home savings contract or something similar, but simply a classic annuity loan with a 15-year fixed interest rate. The cheapest one, basically.
 

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