Would you make this financing?

Even though it has been a while, I presented our financial basis in the opening post of this thread. From that, it can be seen that a full-time educator earns €1,700 net (at least in BW).

The general consensus that our planned financing is too risky has warned us. Therefore, as described, we will calculate very precisely all additional costs incurred. Thanks to you, we have a good idea of what these are and could be.

But assuming it would be possible for €330,000 all-in. Then the monthly loan payment over the next 35 years would be just under €900 + €300 ancillary costs + insurance.

You have to compare that with a rental apartment; for an apartment big enough for 2 adults + 2 kids, we would also pay around €1,000 monthly including utilities, and that with the same salaries... So it only makes sense to opt for the more livable single-family house, which would also be paid off by retirement age.

Sorry that I have to ask you the same question again now, but when you look at it from these aspects, it is hard for us to understand not building because of "too high risk."

Regards,
Nescool

The problem is that in this region new condominiums are almost as expensive as building a house. Prices around €250,000 - €300,000 for something new are normal here. When you consider the increased quality of life in your own house compared to a condominium....

I have already had private conversations here in the forum with some people who actually managed to do it all-in for about €300,000. (Mainly of course with companies like Town & Country and without too many frills, as we also plan)

It is therefore very difficult to assess; some say that it definitely won’t work, not even close, and others say that it does work, or even has worked, including all additional costs.

But you are absolutely right, without the tailored offer in black and white we won’t get any further. Now we just have to be patient, even though it’s hard.

The problem is that new condominiums here in the region are almost as expensive as building a house. Prices around €250,000 - €300,000 for something new are normal.
If you consider the increased quality of life in your own house compared to a condominium....

I have already written in private conversations here in the forum with some people who actually managed to get it all-in for about €300,000. (Mainly of course with companies like Town & Country and without any major frills, as we also plan)

It is therefore super difficult to assess, some say that it definitely won't work, not even close, and others say that it works, or even worked, including all ancillary costs.

But you are absolutely right, without an offer tailored to us in black and white we won't get any further. Now it means being patient for us, even if it's hard.

don't know the subcontractors. what good is it to you if you were offered 330k and then through the back door 50k + come, can they then also be financed.

we had similar thoughts, but also much higher net income + income increases than you. moved into a semi-detached house / condominium (in a two-family house) to have security and quality of life.

for you, quality of life is house, garden, freedom, peace etc pp. for us it's vacation, and consuming what we want

That doesn't mean that every house has to become that much more expensive, but you can regularly classify Town & Country offers under "Ulk"