Assessment of Financing New Construction 425k € / Overall Financial Situation

Has actually little to do with toning, at least not in my case. On the one hand, it doesn't quite fit with us yet, which has already been addressed here. On the other hand, my father certainly has assets. But I wouldn’t come up with the idea to make use of them. But we’re drifting off. However, I don’t quite understand the statement or way of thinking about it, or why this is now being transferred to me here, because I actually didn’t mention factoring in money from that side.

It actually has little to do with tinting, at least not in my case. On the one hand, it still doesn’t quite fit with us, which has already been discussed here. On the other hand, my father certainly has assets. But I wouldn’t come up with the idea of making use of them. But we’re drifting off topic. However, I don’t quite understand the statement or way of thinking about it, or why this is now being transferred to me here, because I actually didn’t mention that I’m factoring in money from that side.

In my opinion, that was referring to another poster who generally does not want a transfer from parents to child here.. ;)

Yep, that was referring to the post by .

realistically, the project won’t get off the ground without equity support from you. Of course, it is solely the parents’ decision to provide a grant, but it is absolutely not wrong to accept it then.

You are welcome to post your Excel here as an image, then maybe individual points will emerge where it could be more expensive than assumed. Although I already rate the family situation regarding personal contribution as very above average positive with you, so you will probably save the 30k like that. The calculated costs seem definitely still quite a bit too low to me, especially for a slope plot.

Well, of course you can make a big deal out of it if it fits for you or if the parents don’t have anything anyway. The fact is that a very significant portion of real estate financing is only possible through advanced inheritances/gifts. The self-made stories are very rare, especially in the currently completely overheated market.

Our parents wanted to sell their second home (not big, no great value) to help us. We gratefully declined. We prefer to finance trips and other bigger gifts for the parents. After all, they have paid for us long enough.

As already stated, we are rather of the dying breed. If we can’t afford the house ourselves, then we rent an apartment. Quite simple. A house, like a car, is a luxury good that you have to afford YOURSELF.

As already mentioned, we are rather of the dying breed. If we can’t afford the house ourselves, then we rent an apartment. Plain and simple. A house, just like a car, is a luxury good that you have to be able to afford YOURSELF.

I’m with you on that. We’ve also been building everything ourselves for 12 years, without any significant help from our families. We’ve been together for 13 years now, since 11th grade. Our parents have never owned property nor had high incomes. We repaid Bafög and student loans. Worked alongside our studies and can now rightfully claim to have built everything up ourselves. It hasn’t always been easy. But it’s a great feeling.

I think that today some people partly lack this drive to achieve something on their own. So much is inherited that many have no incentive. Instead, they study ancient Roman literature. And then I wonder how these people can afford that 200 sqm architect-designed house in the Neckar valley.

So for me, that means planning smaller now and seeing if something reasonable can be achieved and checking what it would cost.

Due to the situation, I would proceed differently. Determine your pain threshold (maximum monthly load) and derive the maximum possible loan from that - together with the bank. Then you can inform the architect/general contractor... that the house project (all-inclusive) may cost a maximum amount x. And for x, I would prudently state only 90% (95%).