Hello,
Actually, we have been looking for an existing property since last summer. According to our mortgage broker, we have a budget of around 300,000 (all-in), which a bank is likely to approve.
The market here in Schleswig-Holstein has also become very tight, and the houses on offer are often in need of renovation, so you easily exceed the budget (especially since many city dwellers laugh at our house prices and like to secure a holiday home here).
Now the question is whether it would be possible to build a house within our budget (assuming we can get a building plot). Our requirements are not very high; it doesn’t need to be a huge house. 120 square meters (1300 square feet) would be completely sufficient.
In a neighboring village, plots are currently being developed. The price isn’t fixed yet but is expected to be below 100 euros per square meter. The plots are about 700 square meters (7500 square feet) in size. Unfortunately, we have no experience with this topic at all, and I definitely don’t want to miscalculate.
We can only contribute limited personal labor. We are not unskilled, but both fully employed with a child, dog, and horse. What are your thoughts?
Actually, we have been looking for an existing property since last summer. According to our mortgage broker, we have a budget of around 300,000 (all-in), which a bank is likely to approve.
The market here in Schleswig-Holstein has also become very tight, and the houses on offer are often in need of renovation, so you easily exceed the budget (especially since many city dwellers laugh at our house prices and like to secure a holiday home here).
Now the question is whether it would be possible to build a house within our budget (assuming we can get a building plot). Our requirements are not very high; it doesn’t need to be a huge house. 120 square meters (1300 square feet) would be completely sufficient.
In a neighboring village, plots are currently being developed. The price isn’t fixed yet but is expected to be below 100 euros per square meter. The plots are about 700 square meters (7500 square feet) in size. Unfortunately, we have no experience with this topic at all, and I definitely don’t want to miscalculate.
We can only contribute limited personal labor. We are not unskilled, but both fully employed with a child, dog, and horse. What are your thoughts?
Tassimat schrieb:
You shouldn’t overestimate the effect.
With tax class 1 and nothing else, the online gross-to-net calculator shows that you save a clear 200€ (about 220 USD) total over all the years with the lower option. At least in this example.
These optimizations become really interesting when, in one year, there is hardly any income at all; then the allowances look significantly different. Hello,
that’s exactly right. (the figures are not real examples; they are only meant to roughly illustrate the relationship)
Year 1 = approximately 300,000€ (about 330,000 USD) total family income,
Year 2 = approximately 30,000€ (about 33,000 USD) total family income,
Year 3 = approximately 30,000€ (about 33,000 USD) total family income,
Year 4 = approximately 30,000€ (about 33,000 USD) total family income,
Then it should look different.
Olli
Vicky Pedia2 May 2021 22:42ypg schrieb:
Me too: thanks to gas and underfloor heating! 🙂Obviously, you did everything right!