2-3 years before buying a house: Does it make sense to consult a financial advisor?

Hello everyone,

I have a question and would be interested to know how you would proceed.

The current idea is that I would like to build a house in 2-3 years.

Currently, there is equity of about €100,000 available.
Although part of it will be used for business purposes, €20,000-30,000 could be put into a savings plan.

Does it even make sense to invest money now if a build is planned in such the near future?

Should I already make an appointment with a financial advisor or bank advisor?
Or should I just wait the 2-3 years and invest the money in the property once the decision is made?

Thanks for your feedback

What is your goal? To secure equity and continue to save? I would then handle that with daily and fixed-term deposits.

Financial advisors have the habit that they want to sell, pardon, distribute^^

Most will not sell you something you need but only what brings the highest commission.

What is your goal? To secure equity and continue saving? I would then handle that with daily and fixed deposits.

Financial advisors have the habit that they want to sell, pardon, distribute^^

Most of them won’t sell you something you need but only what brings the highest commission.

The goal would be to invest money sensibly in order to access it in the coming years. Otherwise, it just lies there uselessly in the bank.

I would also rather work with an advisor on a fee basis.

Otherwise, I’m sure I’ll be sold what yields the most profit for the advisor.

It always makes sense to invest your money before it just sits around at the bank or even under the mattress. With the short investment horizon, as already mentioned, only overnight money and/or fixed deposits make sense, unless you have a high risk appetite...

It always makes sense to invest your money before it just sits around at the bank or, worse, in the mattress. With the short investment horizon, however, as already mentioned, only overnight or fixed-term deposits are advisable, unless you have a high risk appetite...

Whether that makes sense is the question now. In the end, I currently can't estimate whether I will need it in two years or if it will take five years after all. I have now paid the maximum prepayment amount into the existing loan, but that was the only sensible option I saw at the moment.

Interest at the bank would just be a drop in the bucket.

Well, there is also fixed-term deposit with less than 5 years term. At 24 you can currently get 1.05%. How high is your loan interest rate? If higher, then of course that's better. Edit: Paying off the loan is even better at a slightly lower interest rate because it improves your household budget!