What can we finance?

2019-01-22 21:53:17

So 800k without additional costs and contingencies. In Munich, the landscape gardener will not come out for peanuts. And without outdoor facilities, you don't want to live there for 5 years. If you calculate seriously, you are more likely to be at 900-950k all in for your project. So then 700-800k financing. Do you want that? Well

2019-01-22 22:34:09

So 800k without ancillary costs and contingencies. In Munich, the garden landscaper won't come out for peanuts. And you don't want to live without the outdoor area for 5 years. If you calculate seriously, for your project you're rather looking at 900-950k all in. So then 700-800k financing. Do you want that? Well

If I understood correctly, the ancillary costs are already included in the 800k and also the terrace, for example.

2019-01-23 06:40:16

You already have several financing commitments, so that is settled. When deciding whether to really go through with it, I would now rather think about things like follow-up financing or "what happens in case of separation." With these amounts, you have to be very open about it. With your salaries, you should definitely be able to manage the initial period. In the Munich area, you don't have to wait for anything. Tomorrow, everything will cost a bit more.

2019-01-23 06:44:19

What exactly is the difference between an 85% financing on €400k and on €700k?

The market value of the house doesn't come out of nowhere. In case of a separation, the house is sold and that's it.

2019-01-23 07:12:54

First of all, many thanks for the many responses. I will now try to answer some questions to make it a bit clearer

Object
- empty plot for construction
- good residential location with S-Bahn connection
- offers from 4 general contractors are available
- with 800,000 everything is included except furnishings and garden (so plot, incidental purchase costs, incidental construction costs, house, access, terrace, connections, etc.)

I hope this makes the assessment a bit easier.

It reads differently. Kitchen and exterior cost a few euros. So for me, the construction price is not consistent.

2019-01-23 07:16:00

What exactly is the difference between an 85% financing on 400k€ and on 700k€?

The market value of the house doesn't come from nowhere. In the case of a separation, the house is sold and that's it.

I can tell you, 300k!!! No, seriously, it's just a difference whether you build the same detached house in the Ore Mountains or in Munich. The price difference is the land and higher labor costs. In Munich, you even pay above the collective agreement for good people; they are even poached from Hunter.

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What can we finance?

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Jean-Marc

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