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

So much is inherited

As long as there is something to inherit, why not? And no, I am (unfortunately) not affected. :rolleyes:

I think there is a big difference between actually asking the parents for money, which they might not have at worst - or accepting the offer to help that comes from the parents. My parents provided me with a loan to boost the equity a bit. It is a loan, explicitly, they get the money back, but "with time" and it doesn't cost me interest either. They had the money lying around. And they offered it. I could use the support, equity was low due to extended part-time work for the sake of the children. Meanwhile, I am working full-time again and earn really well. I probably would have been torn apart here with my project. Otherwise: as already written many times: calculate the project properly, not "wishful thinking," but: what do we need, thought of minimally? Use the time until the end of the probation period to plan. And to save. Then you can decide seriously.

As a rule of thumb:
Monthly income times 100-110x as loan amount and/or not much more than 30% of net income as a monthly housing burden is considered healthy by most.

Mhh, I just noticed … but based on the current status that is then 440,000 euros - 484,000 euros and even with the part-time salary about 425,000 euros.
And 1,320 euros for the annuity.
Or do you mean with the 30% annuity + additional costs?

Mhh I’m just seeing this now … but according to the current status that’s 440,000 euros - 484,000 euros and even with the part-time salary about 425,000 euros.

Which one of you two has the 2400? If it’s your girlfriend you have: 1400 + 2000 = 3400 otherwise 1400 + 2400 = 3800

In the best case, I come to 380k - 418k and you also have to want the 110%....

Moreover, these rules forget the following for me: If you have 3800€ and someone else has 4800€, then you might be able to save 1000€ per month. Despite only 1000€ more, the other person can save double what you save with exactly the same lifestyle but with 2000€. And that’s exactly where your problem lies. We will only have about 500€ more than you with children, but those 500€ help if the washing machine or the car breaks down. Or if you want to go on vacation after all.

And that's exactly where your problem lies. We will also have only about €500 more than you with children ...

May I ask what financing volume you have? You had written that you wouldn't have managed €425k just for the house, if I understood correctly?

... Because we know that the situation is only temporary and as the child gets older we will have SIGNIFICANTLY more net income again. ...

Whether any of the extra net income actually remains once the child is older, expenses usually increase as well :) At least that's how I see it with us ... :rolleyes: :oops: :D

I think before I would invest time in delivering newspapers I would ...

That was a kind of irony from me ... ;)

Do you really build a house to spend less time with your family and start a second job? ...

see above.

BTW: In our circle of acquaintances there is a hairdresser who gave up his self-employment. Now he works as a trained worker in a production company and his business runs on the side.