Ask if home financing is feasible

So,

we decided in mid-2015 on a developer-built end-terrace house with 128 sqm living space and 366 sqm plot in a good location. The turnkey house cost 230,000 euros, including the garage and a rudimentary outdoor area. Of course, no basement was included at that price.

I financed the house 100%. Incidental purchase costs, furniture, and interior finishing I paid from equity. The kitchen was financed through a separate loan. I don't kid myself. The house is a total standard house made of precast concrete with all the disadvantages that this material brings. However, with limited means, you always have to make compromises somewhere. On the other hand, the house borders a field on two sides that cannot be developed. In this respect, it is better than some semi-detached houses.

Our neighbor (middle house) sold his house last year for 419,000 euros. So the timing of the purchase back then was absolutely right. I did all the expansions and extensions to the house myself – at the time, I couldn't foresee first that I had a talent for it, and second that it would also be a pleasant balance to my job. My daughter is now 8 years old and we still have the dog ;-)

The first years were a bit tight financially because (of course) the car also broke down right after moving in. However, since then I have been able to increase our household net income to almost 6,000 euros, which was not so foreseeable back then. Now I only have the mortgage loan to carry from all the loans. In any case, I am glad that despite many (correct) comments, I still dared to do it back then.

were those normal prices in 2015?

So,

we decided in mid-2015 on a developer-built end-terrace house with 128 sqm living space and 366 sqm plot in a good location. The house cost 230,000 euros turnkey, with the garage and rudimentary outdoor facilities included. Of course, the price was without a basement.

I financed the house 100%. Incidental purchase costs, furniture, and interior finishing I paid from equity. The kitchen was financed through a separate loan. I'm not kidding myself. The house is a completely standard house in concrete prefabrication with all the disadvantages that the material concrete brings. However, with limited means, you always have to make compromises somewhere. On the plus side, the house borders a field on two sides, which may not be built on. In that respect, it is better than some semi-detached houses.

Our neighbor (middle house) sold his house last year for 419,000 euros. Therefore, the timing of the purchase was perfect. I did all the extensions and expansions myself – back then, I couldn't foresee that 1. I had a talent for it and 2. It would also be fun for me as a balance to work. My daughter is now 8 years old, and we still have the dog ;-)

The first years were a bit tight financially because (of course) right after moving in, the car also broke down. However, since then I have been able to increase our household net income to nearly 6,000 euros, which was not foreseeable at the time. Now I only have the house loan left of all the loans to bear. In any case, I'm glad I dared to do it back then despite many (correct) comments.