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DerBayer80
1 year ago

Depends on how much equity you have and how much the place costs.

Approximately 1/3 should be provided with equity at least. This will be eaten by the construction costs alone.

bablbrabl123
1 year ago

I’d say loose, but a house isn’t a house.

If you have already got a plot and put a 100m2 cottage on it, you are already there with 300,000€ without waiter, but you want to put a 200m2 building up costs 600,000€.

Most people with 6,000€ net also have a higher standard of living, so I think your monthly spending is a bit higher than most people. Ideally, however, this is not the case. If then enough equity should be there (some 1/3 if necessary) then nothing is in the way of building. At 6k€ net should be enough ashes on the side, if you don’t live wasting.

GelberJaguarX18
1 year ago

More like Jaein.

It depends on how high the total investment should be – 320 thousand is somewhat different than 670 thousand.

A house can certainly cost 670 thousand or 1.4 million euros – the close place of residence/location.

Planning and regulatory approvals already cost several 10 thousand euros.

Furthermore, one will have to have a percentage minimum capital – which is probably a minimum requirement.

If the house is to cost 370 thousand euros, you must have saved 120…170 thousand before and invest in advance.

Klife1
1 year ago

You can’t say that.

In addition to regular income and rates, it is crucial to use among others.

  • Location of property or property: In some areas you will get the property for under 100€/m2 and where different you will pay over 1,000€/m2
  • Size of the plot and the property: You can build a simple bugalow or a lush city villa.
  • Equity: You should be able to earn about 25% as equity. If your new building costs you incl. Land and fees €400,000 should be available at least €100,000.
LouPing
1 year ago

The net interest in the credit assessment is not decisive – which remains after deduction of the cost of living (including all existing loans).

The credit sum is then calculated. Without equity, however, your chances are really bad.

Sarah3333
1 year ago

Depends on how high your monthly rate payments have been chosen to cancel your fiance or how long you have time to pay off the loan.

Janaki
1 year ago

Depending on what you can pay monthly as a rate – and whether you have equity. If you have 50K equity and can pay 2K monthly as a rate, then after 10 years you probably own a house for which you (if you could buy it without credit) would have paid 200-220K. You then pay close 300K. (just as an example)

christl10
1 year ago
Reply to  Janaki

The prices you call were up to 20 years ago!

Janaki
1 year ago
Reply to  christl10

That’s why I said the sample values are. Not anymore.

christl10
1 year ago

We are not in the USA where the houses are made of peppe lids! Be realistic!

Janaki
1 year ago

20 years ago, however, this century had already begun… deliberately dispenses with a currency. I always like to watch HGTV; and if I can trust the formats shown there such as “My small town dream house” (turned in the late 2010s), then at the time in the USA for an amount of 200K – in the case of dollar supplements – were quite to get houses.

But I am ending this discussion and will not react to any further comment in this regard.

christl10
1 year ago

Sample values should be realistic and up-to-date and not from the last century.

christl10
1 year ago

Only with income it is not possible!

Anson12
1 year ago
Reply to  christl10

But the bank pays attention to how high the income is when you finance something. If you prefer to buy without interest, you don’t need a bank

christl10
1 year ago
Reply to  Anson12

Without equity, you can forget or think You can fund a house for €600,000 with just €6,000?

Anson12
1 year ago

It is quite possible to finance a property without capital. Depends on which purchase price a customer finances and what a customer leaves for assets in the basic book entry. The Bank is not interested either with or without capital for financing. Much more whether a creditor with the income is able to pay the rate within this period. There are banks that help customers how to buy real estate or finance. The main thing the bank wants is money and security. Everything else is the responsibility of the borrower himself. You just have to imagine who makes more deposit, the less you need credit and the low rate he has to pay. Without equity, you have to pay a higher rate.

Your information. This is logically clear that for the purchase price and the income you have to be included for the tax office, notary and land register entry. Nevertheless, it is also possible to finance a property for half without deposit. However, each creditor is very different.

Actually, as a former banker, you should know how financing works and how the bank handles the customers.

healey
1 year ago

It takes a few years to pay the house.

Bruno2308
1 year ago

It’s getting tough in a big city.

Lurch123532
1 year ago

You also need equity.

Anson12
1 year ago

This is even more than possible.

christl10
1 year ago
Reply to  Anson12

Then how far you will get with only 6,000€ at a purchase price over 600,000€!

Anson12
1 year ago
Reply to  christl10

The questioner did not speak of 600k property. If you want to buy a higher purchase price, then it is obvious that you finance it with equity. If we assume that he wants to finance for 200k, he talks about 2k rate at 1% eradication. With the purchase price, the bank can also approve the financing without deposit. What the borrower does afterward does not interest the bank and cannot see whether it has enough money on it. Account is for further costs, which is why the bank pays only income and expenditure ratio

Anson12
1 year ago

Only because today is very expensive does not mean that it is not possible. Of course, real estate is more expensive, it is more of value-added of the past. That’s why houses don’t make losses. Not the despite there are still real estate where it is cheaper.

christl10
1 year ago

Have you ever been looking for houses with land today?

Kwalliteht
1 year ago

loose

DerHans
1 year ago

You still need equity.

If you didn’t save money at €6,000, what are you going to pay the rates?