Table of contents:

Kassensturz: Buying a house: What can I afford?
Kassensturz: Buying a house: What can I afford?

Video: Kassensturz: Buying a house: What can I afford?

Отличия серверных жестких дисков от десктопных
Video: HOW MUCH HOUSE CAN I AFFORD? | Home Affordability Spreadsheet 2023, February
Anonim

How to find the answer quickly and reliably: Those interested in buying and building calculate their equity, monthly income and expenses - and thus determine their financing potential.

Your own four walls are the greatest investment in life for most people. It is all the more important that this is planned solidly, is secure in the long term and is permanently affordable. Before buying or building, there is therefore the question: How expensive can the house be? To do this, you need to know how much equity you can bring into the financing and which repayments you can pay monthly. A checkout brings the answer.

List savings

Equity should be at least 20 percent of the purchase price. This includes cash and savings, shares and securities as well as credit on a building society contract or your own property. The inheritance and gifts also increase equity.

On my own

Are you skilled in manual work and physically fit? Own work in the construction of the house also flows into equity. However, you should calculate carefully: with the muscle mortgage you save wages, but no material costs. And: own work costs time. If you help yourself during construction, but at the same time have to live for a month or two longer for rent, you may not have saved anything in the end.

draw the balance

Now you know your equity. The next step is to create a detailed invoice for income and expenses. Earnings include, for example, your net salary and state benefits such as child or parental allowance. Expenditures include expenses for food, car, electricity, clothing, insurance and telecommunications. Also take into account financial obligations such as consumer loans and maintenance payments. The difference between income and expenditure is the amount that is available to you monthly for interest and repayment of your home.

Secure allowances

An important component for financing your own four walls is a residential Riester contract. As a LBS home saver, you benefit from permanently low interest rates that are fixed right down to the last installment. Special repayments are possible at any time. The state also supports eligible customers and their families with attractive Riester allowances and tax benefits. Then he rewards your deposits and gives up to 154 euros a year plus a maximum of 300 euros per child (or 185 euros for children born before 2008). In the austerity phase, this support increases your equity - so you get to your home faster. In the loan phase, Riester allowances reduce expenses - you become debt-free faster.

Low interest rates

The amount still missing to purchase includes a mortgage loan. In times of historically low interest rates, fixed interest rates over 15 years make sense. Take advantage of the favorable conditions for a higher repayment of two or more percent. In this way you reduce the risk of rising loan rates after the interest guarantee has expired.

Roland Hustert, Geschäftsführer LBS Immobilien GmbH
Roland Hustert, Geschäftsführer LBS Immobilien GmbH

Roland Hustert, Managing Director LBS Immobilien GmbH

Tip from Roland Hustert, Managing Director LBS Immobilien GmbH

“First of all, every house seeker formulates his or her wishes - such as location, living space and number of rooms. Anyone who visits an old building does not only check it according to these criteria. Bring an expert who takes a close look at the structural and energetic condition of the property. You cannot rely on data in the energy certificate alone. In any case, monuments are exempt from the obligation to present."

Popular by topic