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

Sleeping would necessarily have to be on the open side … I can hardly imagine a bedroom without natural light …

I can hardly imagine a bedroom without natural daylight...

... would not be possible according to building regulations at all!

But only ventilation system just as good.

So floor plan discussion or financing?

since we have a building deadline to meet, which expires in 18 months.

This detail seems to have almost been overlooked in the discussion, but I don't find it unimportant. Pressure is never a good advisor.

Mhh, I’m only 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.

Your biggest problem is not the currently discussed financing sum, but that the same is at least questionable even with own contribution for the planned project. Also massively lacking is the certainty that it really won’t cost more, because then you’ll be stuck with the trap, which might possibly be called Papa.

We also get a lot used,

I hope that doesn’t refer to the diapers. ;)

A one-year parental leave is out of the question, as we would rather not give up our child after just one year. I think that’s unrealistic anyway – I’m experiencing this first-hand with my little godchild right now.

I would never sign off on that so generally. Our child started with a day care provider at 11 months (5 hours/day) and never had any problems. On the contrary, it’s an enrichment for the child. Other children who started there at the same time and were partially even a year older still repeatedly have issues after one year of care. It was similar with my nieces. The oldest always needed especially much attention and had a hard time; the two younger ones can’t and couldn’t wait to go to daycare every day. Even at just under two years old.

What remains, however, is the significant financial burden. So it only makes sense if you can offset the costs incurred through care. In our case, that means almost 600 euros net must be earned more every month than the parental allowance. That’s quite a lot.

What remains, however, is the not insignificant financial burden. So it only makes sense if the costs incurred can be offset by the care provided. In our case, that means nearly 600 EUR net per month more than the parental allowance needs to be earned. That is quite a bit.

At least you can deduct that from taxes. Unlike the parental allowance, which is subject to the progression clause. Also, the mother stays professionally active instead of disappearing forever (for the employer).

I also find it remarkable what definitive plans people already make for their not even conceived children. The individual child is not considered. I also had a mom at the daycare who wanted to stay home for a certain amount of time, for the child's sake... And then still put the child in daycare sooner because the child was simply too bored at home.

Otherwise: did the OP say anything about home office and 100% remote? Perhaps even a low level of the mother's employment without external care can be managed there.

But all of this is future music... First, a reliable calculation must be made so that figures for the loan amount are on the table that sufficiently resemble the actual ones.

We are also financing 380k with one salary. However, there is an additional 80k in reserve that is still tied up and will be paid off later with a special repayment. My wife, almost freshly finished with her studies (teaching degree), is pregnant and still has to do the practical teacher training. However, my net income without the 13.3th salary amounts to about 4.2k. We also wanted to build, but with these amounts it became an apartment with 4 rooms; later it can be rented out and we can build. A house was also our dream, but it doesn't make sense if you have to struggle with money every month. I find renting wasted money and it was almost impossible to get anything here. Therefore, directly from the parents' granny flat into the condominium. Making an intermediate step is not a problem. Besides, it is not nice to watch every cent; for us, it has also been tight for 1-2 months, as many extras are underestimated, which is really unpleasant.

Key data: The repayment rate for us is 1100€ and much is done through special repayments.