ᐅ Completion Date in a General Contractor Agreement – Wording Guide

The construction site will be well advanced by the deadline.
Why not just update the registration anyway? Honestly, no one really checks whether you actually stay there or not.

Maybe you are also one of many who did not distinguish between taxable income of €90,000 or €105,000 and gross income? With two children, you first need a gross income of €135,000 (about $140,000) to exceed that threshold.

Zaba12 schrieb:

Maybe you are one of the many who didn’t distinguish between €90,000 or €105,000 taxable income and gross income? With two children, you first need a gross income of €135,000 (about $147,000) to exceed the limit.

Excuse me? It is the household income that counts.

“A family with two children may earn a maximum of €105,000 (about $115,000) per year to be eligible for the homebuyer subsidy and would then receive €24,000 (about $26,000) in funding. A family with seven children may earn €180,000 (about $198,000) gross income and is entitled to €84,000 (about $92,000) in support. Assessing household income is a key part of qualifying for the homebuyer subsidy. Taxable income includes not only wages but also bonuses such as holiday pay, a 13th month salary, profit sharing, as well as unemployment benefits or parental leave payments.”

No, it does not, as I just sent you in a private message!

Taxable income is not household income.
Look at your tax return; the amount at the bottom after all deductions applies, not the one shown at the top.

...and please... bring a case of beer

goalkeeper schrieb:

And now seriously: anyone who thinks people build because of the child homeownership subsidy is really out of touch with reality.

It used to be a distant idea, but now it’s quite a common reality: never before have so many financially struggling people been pushed into tight debt situations as today. Just look at how often in this forum and others people dream that a seemingly self-financing granny flat would be the solution to afford the house; how many extra repayments are planned from upcoming inheritances and how many Christmas bonuses are firmly included to make the financing work out, pushing the limits of financial optimism (sometimes it’s unclear from which side—that is, whether those limits may already have been crossed).

If in your case that really isn’t true, then I don’t see the problem—you can take the risk. You can build the house so it’s affordable on its own, and if the extra income comes, you can go on a cruise or save for your children’s education. But such cases are not exactly rare here and in other forums, where some extra income is firmly included in the financing for something like a corner window.

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11ant schrieb:

What used to be a distant idea has now become quite a common reality: never before have so many financially stretched individuals been driven into tight debt situations as today. Just look at how often it is hoped here and in other forums that the supposedly self-financing granny flat will be the salvation to afford the house; how many extra repayments are firmly planned from upcoming inheritances and how many Christmas bonuses are relied upon to make the financing calculations work—pushing the limits close to wishful thinking (sometimes unclear from which side, meaning it might already have been exceeded).

If in your case it really isn’t like that, then I don’t understand the problem—you can take a risk. Build the house so it’s affordable even without extra income, and if the extra money comes in, you can take a cruise or save for your children’s education. But such cases are not uncommon here or in other forums, where some additional income is already firmly factored into financing the bay window.

I do like your sarcastic posts... but yes, of course, we have planned the allowance from mom, the child benefit, the income from our firewood rental, and even the sale of the mother-in-law’s belongings firmly into the financing.

I had misunderstood the household income as defined on the KfW website. As @Zaba12 correctly explained, the taxable income is used as the basis for calculation. So everything is fine.

Nevertheless, we will now try to secure a fixed date from the general contractor, even if it is one or two months later than the current plan. That was also a recommendation from our lawyer.