Assessing the affordability of home construction and criticism

And how do you come to the conclusion that with €3200 for 2 people you can get a loan of over 400k?

And with your €410k, the remaining debt for the land is missing, isn’t it!?

I actually agree with almost everyone’s opinion: Definitely wait!
Even with a second salary it gets tight as soon as there are children.

Because I already inquired and was told that it is not a problem.
Maybe you are simply right. I just wanted to start well and the salary should actually be enough. But well, let’s wait and see what happens.

I see it completely differently. You are currently saving 1000€ monthly, servicing the loan of 700€ plus the cold rent. So you have 2000€ per month available, which you obviously have at your disposal. I agree with your opinion that you cannot save against the rising costs. If you actually get a loan of that amount, reconsider your plan regarding the house. If it is then possible, I would personally take the risk. It is a risk. But as long as you dare and are aware that it could possibly go wrong, then do it.

Thank you for your answer. I would probably get a loan, and with 1.1% interest not a bad one. Also, it is 410k that I would have to borrow. That is the full amount, from which the subsidy would then apply. But of course you are not wrong. Currently, it still doesn't look very promising. But as I said, in 2-3 years it will cost correspondingly more. If we start now, at least we would have the price secured, could already start repaying, and then really begin when it is finished. Instead of spending all the savings just on the price increase but the same house.

1.1% with 100%+ financing? I don't believe that at the moment. What about the loan for the land? Fixed interest rate or variable interest? Because with a fixed interest rate (I speak from experience) the possibilities decrease and the interest rises.

My example. Loan €494,000 (subsidy as a grant option), over 20% equity. 15 years fixed interest: 1.1%. Net household income (no more children) at €6,200 + child benefit.

Because I already inquired and was told that it was not a problem.

We were also told that for all inquiries, and when it came to the "nitty-gritty" it suddenly became a problem. We had a household income of 4900 Euros and wanted 280,000 Euros. Interest and repayment were supposed to stay in the triple-digit range (ended up being 946 Euros). Initially, I inquired at banks in the Munich metropolitan area Bank 1: 280,000 Euros. That would only get me a TG place in Munich and Upper Franconia was not attractive for them. So no from the bank. Bank 2: 280,000 Euros. That would basically be a "small loan." Please sign here. We felt it was too uncertain and had a bad gut feeling. So no from us. Bank 3: 280,000 Euros. Not lucrative for us. We don’t finance anything under 750,000 Euros. So no from the bank. Inquired at our Upper Franconian local and trusted bank: yes, everything possible. Good gut feeling. Contract made. The bank said our household income was above average for our area... Suddenly, the building society started acting up because of a too negative Schufa. When asked why: I moved too often!!!! was the answer. It was tedious.....

1.1% with 100%+ financing? I don't believe that at the moment. What about the loan for the land? Fixed interest rate or variable interest? Because with a fixed interest rate (speaking from experience) the possibilities decrease and the interest rate increases.

My example. Loan €494,000 (funding as a grant variant), over 20% equity. 15 years fixed interest: 1.1%. Net household income (no more children) at €6,200 + child benefits.

The land is already included in the calculation as paid off (several advisors have said so), then equity through own contribution plus the €15k that will then be there. We then ended up at 80-85% financing.

You already have a plot of land. I think land prices are always the most unpredictable. If I were in your position: I would first comfortably pay off the land. Which won’t take that long anymore. And then take care of the house. Reasons: - from Visa/workplace side, there are clear conditions until then - better household income -> better financing conditions - two borrowers are better than one - plot value might be higher by then -> better financing conditions - when training is finished, a new phase of life begins. Is the "current" path still the same then? If you don’t really have a passion for the location and house: build now and if it doesn’t work out, just sell it again.....