Amount of the monthly installment

But you do factor something like that in with a term life insurance!

A term life insurance kicks in if (one of) the borrower(s) dies, not if he "goes bankrupt"!

What conditions did you get?

I think it was 15 years at 2.2%.. I know it like this off the top of my head but not exactly right now. There was something else linked to it to secure the interest rates for afterward. But I have to read through everything again carefully. I have a friend who works at Allianz and previously did construction financing at the Sparkasse. She wants to make us really fit again on what exactly we need to pay attention to.

By the way, I responded to your concern in a differentiated way in my post... I also find the attacks against you overall too much, but you rarely respond to counter-questions either, or one always has to ask twice or three times. I didn't ask any, but received no reaction from you to the number games in my post. Incidentally, the fundamental skepticism towards Town & Country is quite justified, although here there is clearly too much generalization. For example, it would be very helpful if you could post the offer; in the end, it only helps you if experienced Bauigel take a look at it rather than the criticism harming you...!

I think it was 15 years with 2.2% ..I know it from memory but not exactly right now. There was something else linked to it to secure the interest rates afterwards. But I still have to read through everything carefully. I have a friend who works at Allianz and previously did mortgage financing at Sparkasse. She wants to get us really fit on what exactly we need to pay attention to.

So 360k€ with 2.2% interest, 2% repayment over 15 years is a 1260€ rate. Including additional costs, it’s 1700€ for housing.
The building society savings contract probably to secure the term on top.

Means a term of almost 34 years. Well, you are only 29 years old.

Oh dear. : No one here wants to harm you, but for most people here the likelihood is extremely high that this will go awry.

First of all, I would advise you as follows: Make the wedding significantly smaller. We got married this month, civilly and in church on the same day. Afterwards we had a lovely celebration with about 75 guests. We had a catering service for the food, a DJ, a photo booth, and a lot of fun.
After deducting the money gifts, we ended up roughly breaking even... If we hadn’t been so well supported by our families, I think the wedding would have cost us a maximum of €1500. The wedding dress doesn’t have to cost €3000, there are beautiful ones for €700. The same goes for rings. They don’t have to be €60 rings, but also not €2500 each. For €200-300 you can get decent ones!
We, or rather my wife, made all the decorations ourselves. Here too, you can quickly save many hundreds or even thousands.

Why do I advise you this? Because you will need the money. The standard equipment with Town & Country corresponds, in my opinion, to that of a social housing project.

How much have you actually budgeted for the floors and walls? The materials alone quickly cost upwards of €10,000.

I also think it’s getting a bit much. What is this supposed to achieve and who benefits from it?

The problem, in my opinion, is not that you haven’t read the contract and not that you haven’t understood it. The problem is that the contract, when from Town & Country, usually isn’t comprehensive enough to actually have a move-in ready house at the end for the money.

That’s the point. It sounds as if you believe that after your comparisons and the reduced demands you will really manage to stay within your targeted costs here. Almost everyone here doubts that – including me, by the way.

But you will have to gain that experience yourselves. My only recommendation is NOT to consider any expansion but rather to hold onto any existing reserves well. At the end, having is better than needing. But you will probably need more.

What is your total budget for the entire project, so all in with land, house, all additional costs, kitchen, and all furniture? So really move-in ready in the true sense of the word?

We currently have 10k in equity and are still saving. I also have a building savings contract that is ready for allocation with about 9k (I started it during my apprenticeship with small amounts) and my boyfriend has something, well, I don’t even know what kind of investment it is; if he sells it prematurely, another 6k will come out. But that’s it with the money.