Payday
2016-05-21 17:03:33
- #1
This eternal waiting is just playing games. What you are waiting for is nonsense and won’t get you anywhere. Houses get more expensive year after year, while your financing time until retirement keeps shrinking. You have saved 50,000€ (if saved, do you really have what it takes to pay for the house with a 3,000€ monthly household income).
A good idea would still be to go for a somewhat cheaper project. A semi-detached house or terraced house quickly saves 50,000€, which can make all the difference.
Otherwise, you can also calculate with 4% annuity (that would be 930€/month on 280,000€) and then opt for a 20-year fixed interest period. Of course, after 20 years a huge sum remains, but after about 10 years (when the children are comfortable at school) or later you can also start saving more strongly or increase the rate (depending on what is agreed, often you can change the rate 2-3 times). You could also consider after 13-14 years whether to start a building savings contract, which then covers the remaining amount. You buy a modern house today with a moderate rate and postpone a large part of the purchase price to later, when you automatically earn more than today. Just look back about 15 years (year 2000), wages were very different back then. The repayment of the house always stays the same, while your income keeps increasing.
Any risks etc. are of course not included here. Health and the real belief that you want to live together for the next 30 years are essential.
What is often neglected: after construction, many things come up that demand a hefty purse every month. Children directly after moving in means you have to finance more than absolutely necessary, or you live for years without these things.
A good idea would still be to go for a somewhat cheaper project. A semi-detached house or terraced house quickly saves 50,000€, which can make all the difference.
Otherwise, you can also calculate with 4% annuity (that would be 930€/month on 280,000€) and then opt for a 20-year fixed interest period. Of course, after 20 years a huge sum remains, but after about 10 years (when the children are comfortable at school) or later you can also start saving more strongly or increase the rate (depending on what is agreed, often you can change the rate 2-3 times). You could also consider after 13-14 years whether to start a building savings contract, which then covers the remaining amount. You buy a modern house today with a moderate rate and postpone a large part of the purchase price to later, when you automatically earn more than today. Just look back about 15 years (year 2000), wages were very different back then. The repayment of the house always stays the same, while your income keeps increasing.
Any risks etc. are of course not included here. Health and the real belief that you want to live together for the next 30 years are essential.
What is often neglected: after construction, many things come up that demand a hefty purse every month. Children directly after moving in means you have to finance more than absolutely necessary, or you live for years without these things.