2Yr
I recently bought a house built in 1995 with 136 square meters of living space + basement for 300,000€ (+21,000€ NK) 105% financed. I can't imagine having made a financial mistake. My expenses are almost identical to the previous rent and I don't even want to talk about the increased quality of life. Of course there are maintenance costs, but I'd rather save on the car (which I don't live in!).
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@Massa93 You can also save on your car if you rent. In any case, you have to take into account the maintenance costs and make sure they are high enough. However, you may live in a region where it's worth buying versus renting (or you may have simply found a bargain). Since you bought the property 'recently', you probably still have relatively low interest rates on the loan. Will the house become too big for you at some point, e.g. when the children have left home or you are too old to keep everything in good condition?
Only the future will tell whether you made a mistake or made the right decision. I could provide you with a forecast based on probable data if you are interested, but there is still some data missing.
Only the future will tell whether you made a mistake or made the right decision. I could provide you with a forecast based on probable data if you are interested, but there is still some data missing.
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2Yr
@DonkeyInvestor 6 rooms, kitchen + 3 bathrooms, 960 square meters of land, there would be room for 2-3 children, but currently only 2 of us live in the house, 200k are fixed for 15 years at 1.35% and 110k are fixed for 10 years at 1.15%. Fixed at 1.15%. Despite the many options we have with the house, I don't think the house will be too big in old age. The previous owner lived in the house alone for 20 years at an advanced age.
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•@Massa93 If you're seriously interested in having this calculated, I'd have to ask a few more questions - but I won't if it's not interesting anyway (the decision has already been made anyway 😉). All in all, @Der_Leeh has already explained why the purchase prices in your region were really good and there's a good chance that you made the right decision.
Especially if, as a tenant, you would rent such a large house until the end of your days if you hadn't bought it, it probably made sense to buy.
Especially if, as a tenant, you would rent such a large house until the end of your days if you hadn't bought it, it probably made sense to buy.
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@Massa93 I can report something similar, even though as an old numbers man I would never use my own luck as a reference. I paid 150k with everything for 160m² including basement. I got a 24k building subsidy, a 3k subsidy and 60k of the loan is fixed for 10 years at 0.9%.
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