We are beginning to plan the construction of our house

2016-04-11 12:20:47

Answering a question completely neutrally without personal feelings seems almost impossible.

It is very easy to say "yes + amen" to everything; much more difficult, however, to provide uncomfortable food for thought! Equally difficult is to reflect on other perspectives; that often leaves behind some relics. But even these help

Rhenish greetings

2016-04-11 12:33:59

I am now simply classifying myself among the young people at 30. We also wanted to build at 27. There are several reasons. Building before having children. Moving out of the city apartment back into the countryside, and so on. For me, a decisive point is that financing at a young age can have an appropriate duration. We will finance with a 30-year interest rate lock. Someone at 50 can hardly do that

Furthermore, a property in the current situation is also not a bad investment. But what you sometimes have to read here, I find somewhat along the lines of "What does the world cost." Not even earned one euro and already speculating about a future property portfolio The banks also make it very easy. After all, there have to be people from whom they can still earn interest

When I look at the interest rates of people here who fully finance and with us have >50% equity, I can only smile It makes me wonder who the beneficiary is in these cases, the bank or the builder...

2016-04-11 12:55:54

At 30, I’m also simply counting myself among the young people now. We already wanted to start building at 27. There are several reasons. Building before having children. Moving out of the city apartment back to the countryside and so on. A crucial point for me is that financing at a young age can have a corresponding length. We will finance with a 30-year fixed interest rate. Someone at 50 can hardly do that.

Moreover, property in the current situation is not a bad investment. What you sometimes have to read here, I find somewhat in the spirit of "the sky's the limit." Not earning a single euro yet and already speculating about a future property portfolio The banks also make it very easy. After all, there have to be people from whom they still earn interest.

When I look at the interest rates of people here who finance 100% and, with us, have >50% equity, I can only chuckle That raises the question for me who really benefits in these cases, the bank or the builder...

I see it exactly the same way. But at 30, I wouldn’t count you among the "young builders" anymore So not old either...I mean: building at 30 or mid-30s (like me) is totally reasonable and probably even the average. I see young builders more around their mid-20s. Age isn’t necessarily decisive either. What’s decisive is the equity ratio and income security (not even so much the amount). The civil servant couple, who is also generously subsidized with equity from mommy and daddy, can also move straight from home into a large owner-occupied home (early 20s!). I have that myself in my circle of acquaintances.

Regards, Steffen

2016-04-11 13:08:06

Ownership does not necessarily have to mean the big house with the big garden, etc. But that is exactly what is desired in many threads.

I can understand young people. The earlier the property is acquired, the sooner it pays off in life. The problem with this is the "German" and the purchase and ancillary construction costs. The saying "you only build once" has so firmly ingrained itself in the mind that all eventualities are best included in the house plans. 180m² living space... it could be that 3 children might live in the house, preferably age-appropriate, a basement would also be nice, as you can't add one later, etc. That naturally makes building correspondingly expensive. At that point, the interest exceeds the cost of an apartment according to current needs, and exactly at that point ownership no longer makes financial sense.

However, the high purchase and ancillary construction costs in Germany do not exactly make it attractive to acquire new property every 5 years.

2016-04-11 13:20:39

The high purchase and incidental construction costs in Germany do not necessarily make it attractive to acquire new property every 5 years.

If that were the only problem. Germany is probably by far the most builder-unfriendly country in the world.

2016-04-11 15:56:56

Quite simply, because there are many inquiries here from young people who
- are not working yet, but are just about to finish their studies
- have no equity
- don’t even know what the future looks like yet – it’s great if you have a girlfriend/boyfriend in your early/mid 20s and dream – however, the dream is about a career (in the countryside?) with a high income, a picture-perfect family with children, a great residential location in the countryside but with all the amenities of the city (public transport, shopping facilities, kindergartens, etc.) ==> many things will not necessarily work out
- can only afford a house (if at all) by subordinating their "normal" life to the dream of owning a house
Property doesn’t necessarily have to mean immediately the big house with the big garden, etc. But that is exactly what is wished for in many threads.

With all due respect, but this answer rather falls under the category "bending reality to one’s own opinion."
It’s quite interesting to weave this theory from a few forum inquiries…

By the way, a career and living in the countryside is indeed quite common, it’s called commuting… many people in Germany do that, regardless of age…

I don’t want to start an argument here, I’m just bothered by this pointless "blanket attack" on the "young generation," represented here by the OP, whose situation/approach I actually find quite positive…

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We are beginning to plan the construction of our house

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Steffen80

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Steffen80

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