Which house size fits your own finances - a recommendation from KVB Finanz

A home for the family with a garden and the option in old age is a dream that does not have to remain unfulfilled.

Limburg (ots)

In the case of house financing, the size of the house plays an important role that can be chosen according to the private financial situation and personal needs.The KVB Finanz experts explain what options are there.

Buying your own house is connected to a variety of advantages.If you fulfill your dream of your own four walls, you can make yourself independent of landlords, you can let off steam in the interior and outdoor area, provide for age and use the property as an investment.In order to invest successfully in the future, it is important to put the house purchase or construction into practice in the here and now.The currently low interest rates make financing particularly attractive with a house loan.However, this should not only correspond to the current, but also the future financial situation of the borrower.It is important that this is able to operate the monthly installments up to repayment without having to get into payment failures.The possible financing framework must be calculated when deciding on a house.The size of the house plays a central role here, which affects the main part of the costs that occur in the event of a house financing.

Determine the right house size for a family

Especially for families with children or couples who are in the middle of family planning, the desire for their own house is great.If you choose a house, you must first answer the question of which house size can be realized according to your own needs and financial options.In general, it can be said that a family of three to four needs at least three bedrooms.There are also living room, kitchen, dining room, bathroom and, if necessary, other rooms, such as a guest toilet or a study.The children's room alone should have at least 12, but better 15 square meters of space.Depending on how large the rooms fail, there is a total living space of 130 to 140 square meters for a built -in area with a built -up area of 100 square meters and one and a half floors.On average, the costs for a house building per square meter are approximately at 1.300 Euro.With a living space of 140 square meters, there are building costs of 182.000 euros - basement, balcony or terrace not included.Depending on the type of house, whether it is a solid or prefabricated house and how it is equipped, the costs can be higher.

Operating the purchase price and ancillary costs: These costs are incurred when buying a house

For buying a house or.However, construction is not the only way to buy or.To take construction costs into account.Further efforts are added, such as the property price.The square meter prices vary greatly from state to state, as numbers from the Federal Statistical Office show (as of 2020).In metropolitan regions such as Berlin or Hamburg, they beat around 1128 or.708 euros, while in Thuringia with around 50 euros per square meter are the lowest.If you want a large garden, you have to calculate the property costs with.With a garden area of 800 square meters and a property price of around 200 euros.000 euros.If the house purchase or construction project is financed with my loan, further additional costs are added.This includes notary costs, brokerage commission, real estate transfer tax and fees for the land registry.Calculating in the long -term planning of the further costs for repairs, renovation and modernization.According to the Federal Statistical Office, a family with two children has an average of 4.200 euros net available a month, of which 1 on average 1.250 euros for additional costs such as water, wastewater, heating, electricity, property tax, garbage, insurance, telephone, internet and food.Financial experts recommend that the repayment rate for house or construction finance is a maximum of 35 to 40 of the monthly budget net income.Minus the additional costs would be in this calculation example 1.680 euros, with family 1.270 euros a month.

What is to be considered in the case of house financing?

This means that the financing of a house is an expensive, but not an impossible undertaking.In order to reduce the financial risk of reducing the monthly rate and interest of the bank, a share of 20 to 30 percent of the construction financing is an advantage, as KVB Finanz explains.However, it is also not impossible to finance a house.In addition, it is advisable to plan some of the savings for unexpected expenses."We recommend our customers to deduct a generous sum from their total assets and use this reserve for vacation, repairs and other expenses," recommends Marc Kloetzel, authorized signatory and head of KVB Finanz.In particular, borrowers who do not have their own savings should be careful before buying a house.How quickly can the financial situation change, be it through unemployment, illness, an accident, pregnancy or through larger unplanned expenses.It is all the more important to form monthly reserves, especially with regard to the future.Because in old age it is possible to live with the repayment of the loan, but by no means free of charge due to the regular side and repair costs.

Planning the house size for the future: Use of living space in old age

When deciding on a house, however, the size and financial effort should not be taken into account and to calculate accordingly.If the home is to ensure rental freedom and offer financial security, it is recommended that the real estate loan is repaid until retirement.Depending on the loan height, building finance takes between 15 and 35 years to complete repayment.The KVB Finanz experts recommend that the entire term should not take more than 30 years, taking into account the current age, so that the guilt has been removed at the start of the pension.In addition, not only the current, but also the later use of the living rooms should be considered when planning.Mobility is restricted in old age and it can already make sense to pay attention to accessibility when building or buying a property.The same applies to the use of the children's rooms: If the children are out of the house, the rooms can either be used in any other way, for example as a hobby room.Of course, pensioners also have the option of moving to an apartment and renting their house or inheriting within the family.However, it is also possible to rent them as a private room within a limited period of time, for example to fitters.However, it should be noted that such a rental is to be given a sideline and accordingly in the tax return.

Choose the right financing for your own home with KVB Finanz

The purchase or construction of a home is an important decision to carefully weigh up and be calculated.The size of the house is an essential factor that plays a crucial role in terms of the amount of construction finance and the current and later use of the rooms.The KVB Finanz professionals support their customers in determining a house loan according to their wishes and private financial situation.An individual financing plan that fits a personal lifestyle with regard to the amount of the monthly installments and the runtime ensures that there is enough space for the beautiful things of life and there are no financial worries in order to enjoy life in your own four walls to the fullestbe able.

Via KVB Finanz GmbH

Since it was founded over 45 years ago, the Kloetzel family with the KVB Finanz has mainly stood for determining the best financing concepts, individually tailored to the needs of its customers.For the traditional family business, their customers and the personal closeness to them are in the absolute center.Fair conditions, professionalism and responsibility are the top maxims.The KVB Finanz always thinks and acts in generations from family for families.

Press contact:

KVB Finanzdienstleistungsgesellschaft mbH Marc Kloetzel Johannes-Mechtel-Str.2 65549 Limburg / Lahn phone: 0 64 31/29 4 70 Fax: 0 64 31/23 77 6 E-Mail: Contact@KVB-Finanz.de https: // www.KVB-Finanz.de/

Original content of: KVB Finanz, transmitted by News Aktuell