Seratio
2016-07-14 21:48:58
- #1
Hello,
In the past few days I have been reading a bit across the forum here to find out what my desired house + land might cost if we were to start in 2017/2018. And I would like to gather your experiences and whether a bank would even go along with something like this.
Financially, things currently look as follows for me and my girlfriend:
Income: 3800 net (girlfriend is a trainee)
Cold rent: €750
Household surplus: €1000-1500 per month
Equity so far ~€10,000
Regarding land, I am currently calculating approximately €80-100k in the Cologne surrounding area (radius 40 km). My mind currently tells me that everything must not cost more than €400k. Thus, about €250-270k would be left for a house + incidental construction costs. Is that feasible?
Attached is the short form of the requirements:
Requirements of the builders
Style, roof shape, building type: Classic/modern gable roof
Size: approx. 150 sqm floor area
Basement, floors: no, 1.5 - 2
Number of people, age: 2, 24 and 28
Space requirements on ground floor, upper floor: GF: living room with open kitchen, office, utility room, UF: master bedroom, 2 children's rooms, bathroom, dressing room
Office: family use
Overnight guests per year: 2-3
Open or closed architecture: closed
Conservative or modern construction: modern
Open kitchen, cooking island: yes, yes
Number of dining seats: 6
Fireplace: no
Music/stereo wall: yes
Balcony, roof terrace: no
Garage, carport: single or double garage
Utility garden, greenhouse: no
Other wishes/special features/daily routine: KFW55, preferably everything on KNX/ automation
- Do-it-yourself by you: possibly electrical work by an acquaintance
Furthermore, I would like to have your opinion on the following thoughts and to what extent they are legal or worthwhile:
Option A: Less equity, build faster, but pay rent for a shorter time (€750/month)
Option B: Wait 2-3 years longer, thereby pushing €18,000-24,000 rent to someone else’s pocket, but having €36,000-54,000 more equity.
Best regards and thanks in advance :)
Sera
In the past few days I have been reading a bit across the forum here to find out what my desired house + land might cost if we were to start in 2017/2018. And I would like to gather your experiences and whether a bank would even go along with something like this.
Financially, things currently look as follows for me and my girlfriend:
Income: 3800 net (girlfriend is a trainee)
Cold rent: €750
Household surplus: €1000-1500 per month
Equity so far ~€10,000
Regarding land, I am currently calculating approximately €80-100k in the Cologne surrounding area (radius 40 km). My mind currently tells me that everything must not cost more than €400k. Thus, about €250-270k would be left for a house + incidental construction costs. Is that feasible?
Attached is the short form of the requirements:
Requirements of the builders
Style, roof shape, building type: Classic/modern gable roof
Size: approx. 150 sqm floor area
Basement, floors: no, 1.5 - 2
Number of people, age: 2, 24 and 28
Space requirements on ground floor, upper floor: GF: living room with open kitchen, office, utility room, UF: master bedroom, 2 children's rooms, bathroom, dressing room
Office: family use
Overnight guests per year: 2-3
Open or closed architecture: closed
Conservative or modern construction: modern
Open kitchen, cooking island: yes, yes
Number of dining seats: 6
Fireplace: no
Music/stereo wall: yes
Balcony, roof terrace: no
Garage, carport: single or double garage
Utility garden, greenhouse: no
Other wishes/special features/daily routine: KFW55, preferably everything on KNX/ automation
- Do-it-yourself by you: possibly electrical work by an acquaintance
Furthermore, I would like to have your opinion on the following thoughts and to what extent they are legal or worthwhile:
Option A: Less equity, build faster, but pay rent for a shorter time (€750/month)
Option B: Wait 2-3 years longer, thereby pushing €18,000-24,000 rent to someone else’s pocket, but having €36,000-54,000 more equity.
Best regards and thanks in advance :)
Sera