Hello, we are M29 and F32 and we want to build a house. We would like to get a few more opinions on our plans.
It is about a plot of land and a town villa with 140sqm (1507 sq ft). Garage, underfloor heating, central ventilation, electric roller shutters. Otherwise, relatively standard.
We are both permanently employed, not married, and do not have children yet. Children and marriage are planned. She plans to take 2 years of parental leave if possible. Afterwards, she wants to work part-time at 40-60%.
Income
He: €2,600 (without 13th/14th salary and possible overtime)
She: €1,850 (without 13th salary)
Planned equity: €60,000 up to max. €80,000 cash.
The bank (savings bank) gave us a sample calculation for orientation.
We have no major fixed expenses, only standard ones like phone, internet, insurances.
Total income: €4,450
- Living expenses: €1,500
- Costs for 1 car: €200
Surplus: €2,750
The bank calculated additional costs as 140sqm (1507 sq ft) x €2.5 = €350 for additional expenses, resulting in a possible cold burden (monthly mortgage plus costs) of €1,200.
I will leave it at that and would like to hear your opinion.
There is also an “offer” from a developer:
Plot 850sqm (9149 sq ft): €65,000 including 7% property transfer tax and notary fees
Construction costs 140sqm (1507 sq ft) x €1,400: €196,000
Construction extras (ventilation, etc.): €30,000
Double garage: €27,000
Additional construction costs: €60,000
Total approx.: €378,000
Painting and floor installation work would still be missing.
Is this realistic overall?
It is about a plot of land and a town villa with 140sqm (1507 sq ft). Garage, underfloor heating, central ventilation, electric roller shutters. Otherwise, relatively standard.
We are both permanently employed, not married, and do not have children yet. Children and marriage are planned. She plans to take 2 years of parental leave if possible. Afterwards, she wants to work part-time at 40-60%.
Income
He: €2,600 (without 13th/14th salary and possible overtime)
She: €1,850 (without 13th salary)
Planned equity: €60,000 up to max. €80,000 cash.
The bank (savings bank) gave us a sample calculation for orientation.
We have no major fixed expenses, only standard ones like phone, internet, insurances.
Total income: €4,450
- Living expenses: €1,500
- Costs for 1 car: €200
Surplus: €2,750
The bank calculated additional costs as 140sqm (1507 sq ft) x €2.5 = €350 for additional expenses, resulting in a possible cold burden (monthly mortgage plus costs) of €1,200.
I will leave it at that and would like to hear your opinion.
There is also an “offer” from a developer:
Plot 850sqm (9149 sq ft): €65,000 including 7% property transfer tax and notary fees
Construction costs 140sqm (1507 sq ft) x €1,400: €196,000
Construction extras (ventilation, etc.): €30,000
Double garage: €27,000
Additional construction costs: €60,000
Total approx.: €378,000
Painting and floor installation work would still be missing.
Is this realistic overall?
M
Marvinius11 Jun 2017 11:51So, if you can do without your masonry double garage, it should work[emoji2]. Good luck!