Assessments of Financial Feasibility

First of all, thank you very much for the quick responses. I refrained from providing a complete breakdown of the costs because the actual question often then goes in a completely different direction. Therefore, here is a rough breakdown.

House completely (except for painting and flooring) 308,000 Euro (solid construction, incl. double garage, 176 sqm) local builder, good reputation, already known through completed projects in the family. Price is normal for our region.
Remaining 57,000 Euro.
Authorities and connection for gas, water, electricity: 10,000.

The rest of the 47,000 Euro is for material costs for floors and wallpaper/painting (purely for materials, these tasks will be done by ourselves). The outdoor facilities do not have to be completed in the same year, but maybe the paving stones will still be included. Due to a parental landscaping business, paving will be done by ourselves, trees, shrubs etc. are already growing (just not yet on the property. ;)
47,000 Euro just for floors and paint (as mentioned, the outdoor facilities will be done later by ourselves. That should probably be enough, right? An additional buffer in the form of equity also exists. Money is also budgeted for kitchen, furniture, broken car, etc.

Price for soil treatment, expert reports and so on are already included.

We are 29 and 34 years old. The stated salaries increase continuously automatically.
In the "final stage" they will be 3500 net (private health insurance deducted) and 2900 net (for full-time).

Regarding financing: we plan to pay it off in about 30 years but want to initially fix the financing for 20 years because the interest rate rises significantly at 30 years and we do not want to commit to 30 years already.

308,000 euros (solid construction, including double garage, 176 sqm)

Enviable. Even though I can't believe it. But that's not the topic here.

"Final stage" it will be

No bank calculates with "what will be someday."

We are 29 and 34 years old.

And equity of 45k€. I don't want to offend anyone, but that's not very much. I hope there are good reasons for that and that you can save better from now on.

With that equity, what interest rate do you get?

Regards

Hello WilhelmRo,

Briefly on your comments

1. Yes, we are also happy that we do not live in an area where it is unaffordable. Even if you can't believe it – since I hoped for opinions from others, false or lying information from me would help little. Therefore, completely pointless comment. So believe it or just leave it.

2. In my initial situation, I only provided current information; the question was explicitly about future salary or development. Please read first. Thanks. I am aware of what a bank calculates with.

3. Yes, there are reasons for that.

So please again... I had asked for an exchange of opinions on whether the rate is appropriate in relation to income since in reality it might always be somewhat different than on paper... what your experiences are, etc.

It is not about how the construction company calculates its offer or where I traveled during my studies, or why some already have very early financial obligations (without significant capital and parental sponsorship) and others live with their mom until 30 and thus save a lot of money. No offense, but please stay on topic ;)

Best regards

All of this belonged to the topic... With statements like

Ich will niemandem zu nahe treten, aber das ist nicht sonderlich viel.

I try not to make my posts personal/accusatory towards you. However, you are already offended and grumpy. So good luck here. I will hold back. You’ll manage. Regards

Even if some statements here sound a bit "short," you are in a forum for house building. No one means anything bad by you here.

And if you ask the forum for opinions about your burden, then the whole construct belongs to it. And if you read a little across here, you will quickly realize that one of the most common mistakes is that wrong ideas about construction costs exist or are completely forgotten. Keyword additional building costs. That may not be the case for you, but no one here can smell that with a few brief numbers about the project. Therefore, questions are asked. Because the question of whether a financing rate fits the income also includes the question of whether the financing amount is even sufficient in the end.

And yes, if you live in the Gaulish village of Germany where the square meter apparently costs rather €1,400 / sqm, then so be it, but you should not be surprised if asked sometimes.
So if you want to continue having opinions, I would give you the tip not to dismiss everyone immediately who asks critical questions. Then you quickly lose the desire to participate.

Back to your topic. I asked about the salary, and of course, it is clear that a bank does not calculate with it, but as you already say, it was not about whether you get financing but whether you want to put up with it.
In this respect, I find the potential salary development already interesting (increases due to collective agreements aside). And if there is still room for improvement, for me that would already play a role as a soft factor.
No one knows you personally and can assess how much sacrifice is acceptable for you. But I would argue that it is quite feasible without having to go collecting deposit bottles.

Even if you can't believe it - since I hoped for other people's opinions, false or lying statements on my part would help me little.

No one here accuses you of lying, but maybe you are still approaching the matter a bit naively. It is rather meant that in this forum the typical "cost traps" are often forgotten by the prospective builders. It has not been different for us so far either, you think you have a complete package and have thought of everything, but no: constantly additional costs come in through construction companies, suppliers, the municipality, authorities, etc. If you plan that tight like you, 1000€ here and 1000€ there can quickly become a problem. Long story short: a comparatively cheap or below-average house price is simply a first indicator of overlooked cost traps. Have you had the construction and service description checked by an expert/surveyor? It is enough for once to overlook the phrase "to be provided by the client" and bam... the house of cards collapses at the latest during the execution planning. As I said: no offense intended, please just understand this purely constructively!