What is possible at all?

  • Erstellt am 2016-03-03 17:31:54

Hausbauer80

2016-03-03 17:31:54
  • #1
Hello everyone,

I have been reading here for some time now and have now decided to turn to you, as the topic of homeownership is now approaching us.

At the moment, my wife and I live in 70 sqm rented for 650.00 EUR warm, but this should change soon in 2016 or 2017, as we want to expand. If we were to choose a rental property (urban area Göttingen 37073), we would be paying 8.50 EUR - 10 EUR per sqm. For 110-130 sqm, which we desire, we would be paying about 1,200 EUR cold on average. That’s when the idea of purchasing a property (not building) came to us.

About us:

Man 35 years old:

Employed, 2,500 EUR net, with 14.5 monthly salaries, employed since 2012 with the employer without probation or limitation

Woman 34 years old:

Civil servant, 2,900 EUR (-300 PKV), with 12 monthly salaries, civil servant since 2007

makes a household income of 5,100 EUR without any special payments. Family planning foresees one child in the next 2-3 years, the woman would stay home for 6-12 months.

External financing:

Each a new car, one from 2013 (274 EUR monthly installment, 0.00% financing) and the woman (309 EUR monthly installment with 0.99% financing), no other liabilities.

Equity:

We would reach 30,000 - 40,000 EUR with building savings contracts, support from parents / grandparents.

About the property:

As mentioned, we are looking for an existing property, which is currently not quite easy in our region or only way above market value. Our maximum is 300,000 EUR for a terraced house/semi-detached house/small single-family house

Regarding the question whether it is at all possible or sensible to finance in this size range under these conditions and if so, what the best constellation would be.

Thank you in advance to you for the honest advice :)
 

ypg

2016-03-03 18:16:48
  • #2
Hello and welcome,

How much are you saving at the moment?

asks Yvonne
 

Jochen104

2016-03-03 18:31:28
  • #3
According to the current equity, I would say: Nothing!
 

Hausbauer80

2016-03-03 20:09:18
  • #4
Unfortunately, I can only respond now. Each of us has been setting aside 200 euros per month for 3 years. So far, however, we have also lived well with many vacations.
 

ypg

2016-03-03 21:26:11
  • #5


Oh, that's almost nothing or just the LV installment. With 5.1 and a ridiculous rent, there should actually be more left over - despite extravagant vacations. The cars are also financed... Are you sure you want to spend money - your own money - on building a house?
 

Sunny

2016-03-03 21:46:42
  • #6
You haven't even managed to save up for a good small car in 3 years. I think you are living beyond your means. In my opinion, owning a house would ruin you. With that income, I would not save 200 but 2000€ every month, then it would work. And then a child is supposed to come in the next few years. And beware, children also cost money and not just 2.80€ a month.
 

Similar topics
30.04.2012No equity, good income, financing feasible?22
18.01.2013Is building a house possible with our savings and financing?19
01.05.2013No equity / existing consumer loans / financing possible?11
23.08.2013Financing existing property - Attention beginners ;-)13
21.08.2014Is financing without equity realistic?19
27.10.2014Fixed interest rate financing without equity?20
16.02.2015Financing with equity15
18.12.2015Financing unequal equity ratios of unmarried partners24
15.09.2016Financing without equity with security?52
21.04.2016Is financing with land and equity possible like this?20
14.05.2016House purchase: Financing (with/without equity)24
20.06.2016Error in financing?282
25.05.2016Financing without equity - Repayment / Interest63
13.12.2016Realistic monthly rate59
21.07.2019Is financing feasible or are we overextending ourselves?140
10.11.20202 (dream) properties - financing unclear. Save equity?40
31.12.2020Land purchase with varied financing - is it sensible to hold back equity?10
26.06.2021How much equity is needed for home purchase financing?15
01.07.2021Financing / Equity / Granny Flat - Fundamental Thoughts48

Oben