maurer123456
2019-05-26 13:17:08
- #1
Hello everyone,
my girlfriend and I (both 21) have been thinking for some time about moving out of our rental apartment and buying a condominium.
Our current combined salaries amount to 3900 euros, plus around 400 euros in child benefits (we are currently pursuing further professional education and are still entitled to this for another 2.5 years). Since we are paid according to collective agreements, our income will increase by exactly these 400 euros in 2.5 years. Thus, we currently have and will have 4300 euros available monthly.
After deducting our expenses, we save about 2100 euros in various funds and ETFs.
We currently have around 35,000 euros in equity.
Our considerations:
1) Buy a 2-3 room condominium for 250,000 euros (suburb of Freiburg/Elztal) in 1-2 years (equity approx. 70,000 euros) (possibly renting out or selling)
2) Buy a 4-room condominium for 450,000 euros in 2-3 years (equity approx. 100,000 euros) (could live in it)
3) Buy a single-family house / semi-detached house / terraced house for about 550,000 euros in 6-7 years (equity approx. 200,000 euros) (optimal)
Children are planned no earlier than when we are 27-28.
Professionally, we find fulfillment in our job / we also like the region.
my girlfriend and I (both 21) have been thinking for some time about moving out of our rental apartment and buying a condominium.
Our current combined salaries amount to 3900 euros, plus around 400 euros in child benefits (we are currently pursuing further professional education and are still entitled to this for another 2.5 years). Since we are paid according to collective agreements, our income will increase by exactly these 400 euros in 2.5 years. Thus, we currently have and will have 4300 euros available monthly.
After deducting our expenses, we save about 2100 euros in various funds and ETFs.
We currently have around 35,000 euros in equity.
Our considerations:
1) Buy a 2-3 room condominium for 250,000 euros (suburb of Freiburg/Elztal) in 1-2 years (equity approx. 70,000 euros) (possibly renting out or selling)
2) Buy a 4-room condominium for 450,000 euros in 2-3 years (equity approx. 100,000 euros) (could live in it)
3) Buy a single-family house / semi-detached house / terraced house for about 550,000 euros in 6-7 years (equity approx. 200,000 euros) (optimal)
Children are planned no earlier than when we are 27-28.
Professionally, we find fulfillment in our job / we also like the region.