Hello everyone,
My wife, my daughter, and I are looking to build our own home (single-family house). We might have a second child in the future. The house will be built in the postal code area 77XXX. Since I have a very time-consuming job and I’m not very skilled with DIY work, I want to have the whole project delivered as move-in ready as possible, without too much coordination effort. What is the best way to achieve this?
Our requirements:
- 5 rooms with two bathrooms that have showers (children’s bathroom)
- This summer showed me that I don’t want to build a house without cooling. I’m open regarding the cooling concept, but I have heard good things about heat pumps including a cooling function plus a photovoltaic system. What are sensible options? Underfloor heating / wall heating / ceiling cooling?
- A complicated/individual ground floor layout because I want to integrate a home cinema (my hobby) into the living room. Cooperation with the home cinema installer will also be necessary. If anyone has experience with how to manage this, I would appreciate any advice.
- Lighting and roller shutters should be smart. Here the question arises whether to go for retrofit solutions (Philips Hue) or a bus system like KNX combined with home automation such as RTI or Control4?
- No specific requirements regarding the exterior design. I would also consider a mono-pitched roof to install a full photovoltaic system facing south and keep the rest of the building simple, square, and practical.
- Avoid sloped ceilings upstairs, which also speaks in favor of a mono-pitched or hipped roof (urban villa style).
How should all this be financed?
He: net income 5,500 € (tendency rising)
She: net income 800 € (we don’t count on this, since a second child might be coming)
Equity: 30,000 € saved within one year. Within the next few years, there might also be an inheritance of 250,000 €. I would consider buying a suitable plot now even without much equity and use the remaining money/inheritance for additional loan repayments. What do you think about that?
Best regards!
My wife, my daughter, and I are looking to build our own home (single-family house). We might have a second child in the future. The house will be built in the postal code area 77XXX. Since I have a very time-consuming job and I’m not very skilled with DIY work, I want to have the whole project delivered as move-in ready as possible, without too much coordination effort. What is the best way to achieve this?
Our requirements:
- 5 rooms with two bathrooms that have showers (children’s bathroom)
- This summer showed me that I don’t want to build a house without cooling. I’m open regarding the cooling concept, but I have heard good things about heat pumps including a cooling function plus a photovoltaic system. What are sensible options? Underfloor heating / wall heating / ceiling cooling?
- A complicated/individual ground floor layout because I want to integrate a home cinema (my hobby) into the living room. Cooperation with the home cinema installer will also be necessary. If anyone has experience with how to manage this, I would appreciate any advice.
- Lighting and roller shutters should be smart. Here the question arises whether to go for retrofit solutions (Philips Hue) or a bus system like KNX combined with home automation such as RTI or Control4?
- No specific requirements regarding the exterior design. I would also consider a mono-pitched roof to install a full photovoltaic system facing south and keep the rest of the building simple, square, and practical.
- Avoid sloped ceilings upstairs, which also speaks in favor of a mono-pitched or hipped roof (urban villa style).
How should all this be financed?
He: net income 5,500 € (tendency rising)
She: net income 800 € (we don’t count on this, since a second child might be coming)
Equity: 30,000 € saved within one year. Within the next few years, there might also be an inheritance of 250,000 €. I would consider buying a suitable plot now even without much equity and use the remaining money/inheritance for additional loan repayments. What do you think about that?
Best regards!
Hello everyone,
Thanks for the replies, the most helpful so far has been the local general contractor. Can anyone recommend one in Baden-Württemberg?
Regarding saving: I have only been earning twice as much as before for about 9 months. Since then, we have been able to save. I invested a lot in my education and career, and it’s paying off now. I expect to earn even more starting in 2019. I will also receive a bonus of 8,000 to 15,000 net for the first time next year.
Inheritance is certain, but the timing is not.
What do you think a bank would lend? Plots of land here go for about 250 per square meter (around 23 per square foot). I was thinking a total of about 750,000 might be possible.
The home theater can be estimated at a maximum of 50,000.
I wanted to get some ideas on cooling and smart home concepts, or should I create separate threads for those?
Best regards!
Thanks for the replies, the most helpful so far has been the local general contractor. Can anyone recommend one in Baden-Württemberg?
Regarding saving: I have only been earning twice as much as before for about 9 months. Since then, we have been able to save. I invested a lot in my education and career, and it’s paying off now. I expect to earn even more starting in 2019. I will also receive a bonus of 8,000 to 15,000 net for the first time next year.
Inheritance is certain, but the timing is not.
What do you think a bank would lend? Plots of land here go for about 250 per square meter (around 23 per square foot). I was thinking a total of about 750,000 might be possible.
The home theater can be estimated at a maximum of 50,000.
I wanted to get some ideas on cooling and smart home concepts, or should I create separate threads for those?
Best regards!
Nikless schrieb:
Inheritance is certain, only the timing is not.But not for the bank. The bank ignores such matters and can only consider existing financial resources.
HilfeHilfe schrieb:
Purchase from the developer. With a special request for a home theater, how do you come to think of a developer?
Nikless schrieb:
Inheritance is certain, only the timing is not. At number one for opportunities to have a surprised expression are reading the will.
https://www.instagram.com/11antgmxde/
https://www.linkedin.com/company/bauen-jetzt/
Nikless schrieb:
Inheritance is certain, only the timing isn’t.…unless someone has to stay in a long-term care facility for an extended period before, or develops a very rare illness whose treatment is experimental and expensive. Or, fortunately, someone lives to 120.750,000 is also too much loan. Your interest rate will likely be somewhere between 2.5% and 3% with the clearly over 100% financing that this is, and an initial repayment of 2% (you shouldn’t go lower, and the bank probably wouldn’t agree). With a monthly payment of 2,500*, the loan amount would be between 600,000 and 660,000.
*Last year’s savings rate used as annuity. Not included: eliminated rent, and your wife’s lost income that you don’t want to factor in. Also not included: increasing expenses (income has only been higher for one year), “now I deserve this” and “all my colleagues have this” tendencies. Also not included: a second child and, depending on the age of the first child, rising costs for them.
H
HilfeHilfe10 Sep 2018 07:19Completely missed the cinema part. Is it for commercial use or something? For 50,000, I could book a private seat for myself and my family for life. It doesn't fit with the house.
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