ᐅ Financing a Double Garage After Completion of a Single-Family House
Created on: 12 Feb 2021 08:36
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Zenjamino
Hello everyone,
We are in the final stages of completing our single-family home.
Initially, we decided to forgo the garage in the planning phase since everything was already becoming more expensive than planned.
However, now that we are inheriting a vintage car and also receive the child benefit for two children (200 euros/month for 10 years), we would like to build the garage after all. We would also contribute an additional 10,000 euros of our own funds. --> So that would mean 34,000 euros in total.
My question is whether projects like this typically come with higher interest rates or not (compared to a single-family home)?
Maybe someone already has experience with this?
Thanks in advance and best regards,
Zenjamino
We are in the final stages of completing our single-family home.
Initially, we decided to forgo the garage in the planning phase since everything was already becoming more expensive than planned.
However, now that we are inheriting a vintage car and also receive the child benefit for two children (200 euros/month for 10 years), we would like to build the garage after all. We would also contribute an additional 10,000 euros of our own funds. --> So that would mean 34,000 euros in total.
My question is whether projects like this typically come with higher interest rates or not (compared to a single-family home)?
Maybe someone already has experience with this?
Thanks in advance and best regards,
Zenjamino
Tassimat schrieb:
To those who have, more is given.
But it’s better that government subsidies end up invested in the German construction industry than with corporations, Netflix, PlayStation, or other consumer goods, where the money usually flows out of the country immediately. Economic support through construction is a good thing.Sure... even your own front door doesn’t count anymore. People only compare upwards now – “if they can’t manage it, I don’t have to do anything either – I’ll take what I’m entitled to. I haven’t thought about it in a long time.” And next year, people will complain about tax increases in between the monthly child benefits for homebuyers.
Nobody ever takes the first step and gives something up, right? ... Classic... tzzz....
ypg schrieb:
... classic car... tzzz....For the home builder, that means heritage protection.H
HilfeHilfe13 Feb 2021 07:47Well, come on. I'm sure you took everything that was available. Who would turn down free money just because it might be spent poorly? And the vintage car was inherited, as I understand it. There’s always a little jealousy debate here.
HilfeHilfe schrieb:
Well, I guess you took everything possible as well.Not everything. And yes, we really needed it 😉 It went straight into the house. You really can’t accuse me of being jealous.
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BackSteinGotik13 Feb 2021 11:20ypg schrieb:
Not everything. And yes, we really needed it 😉 It went straight into the house.
You definitely can’t accuse me of envy. And now the house is located in a metropolitan area and has significantly increased in value. A couple in a similar situation as you, but today – probably no chance, right? Both financially and regarding building regulations or permits – new development areas nowadays feel almost as rare as nuclear waste transports.
Are you ready to gradually lose your virtual profit through much higher property taxes so that your present-day younger self can still achieve what you managed?
ypg schrieb:
Not everything. And yes, we really needed it 😉 It went straight into the house.
You really can't accuse me of being envious. If it's not envy, then what is it? Malice?
The original poster clearly stated that they don’t have money for a garage. So who is claiming that it’s about greed and wanting more and more possessions?
An inheritance also has emotional value, and a classic car doesn’t have to be worth much. I have no idea how anyone can draw an accusation from that. It’s simply a blatant assumption that the classic car is valuable, that the OP doesn’t really care, that it’s easy to sell, and therefore they have no right to anything even though the law says otherwise. That’s envy.