I am aware of the equity issue. If we cannot cover the additional costs completely with it, it won’t work. However, I am optimistic about being able to acquire around 25k in 2 years.
Parental allowance is gone after 12 months or correspondingly halved after 24-28, depending on which option the calculator currently spits out better :P. And since you don’t know how things will go with the child, you have to factor that in.
There is also likely no more childcare allowance now.
Therefore, we have calculated in such a way that I alone could manage the installment plus living expenses for a family of four.
However, the parental allowance is gone after 12 months or halved after 24-28, depending on which option the respective calculator currently spits out better. And since you don't know how things will go with the child, you have to factor that in.
There is also likely no more childcare allowance.
We have therefore calculated that I alone could manage the installment plus living expenses for a family of four.
That's how it should be. Unfortunately, it's not the other way around with us — the woman cannot finance the installments alone...
If the tenant really saves 25,000€ of equity in parallel to the current rent, despite marriage and a child in 2 years, why should the house project not work. I just lack the belief that this goal of 25,000€ equity can be achieved.
well, the start of the thread was the question whether a total income of around €3800 is enough for a property. prices between 250-280k are possible objects.
and there was a lot of feedback that this could be tight (which shocked me, I don’t consider just under 4k to be little money).
that increasing equity is a requirement, I do not disagree with.