Build or save? What do you think?

Sorry, too late read.

Good evening Lissy,

which year of apprenticeship are you in? What profession are you training for? Is there a guarantee of employment after completing the training?
How secure is your partner's job?
€1500.00 net is not much.

What exactly are you envisioning? Since you already have bank appointments, saving for the next few years is probably no longer an option?

A bit more background information is definitely needed from you.

Best regards, Eve

If the post is seen, read, and answered independently, that is also okay

If you earn accordingly, you can also get a loan as the sole breadwinner. Parental allowance is generally not recognized by banks as income, as it completely ends after one or two years.



That will not be enough to buy a house that is livable, let alone for a new build. Just think about it yourself. You are a trainee - your apprentice salary is probably not that high, is not subject to garnishment, and ends after the apprenticeship. What if you are not taken on and do not find a new job immediately? Or if it is difficult to find jobs in the region where you currently live? Child benefit and maintenance for you or your child (if any)? If for you, then that will also end in a few years at the latest. BAB also ends. So in total, probably only your husband's money remains. And that is too little.



And why don’t you have any equity if you don’t pay rent and have over €3,000 per month available?
No equity is bad – at least the incidental costs should be able to be paid from equity.



Sorry, but I think that will be the case.


A brief side note:
How old are you? That sounds pretty young to me.
If that is the case – this is not meant as an attack on you, but: Why not first see what life brings? What the job (both yours and your husband’s/boyfriend’s) brings? Do you want to commit yourself so firmly locally, professionally, and financially already? First see how you manage financially and save equity. The more, the better. Also see how your salary develops. In a few years, when you have finished your training and have a permanent job and your husband maybe also earns a bit more, the world may look quite different.
And why does it have to be your own house at such a young age, barely out of childhood shoes?

In this situation, you should look for something cheap and used. Then you renovate it little by little. Or arrange something with the in-laws to accumulate equity... You should save from now on anyway, also to see if you have the discipline for the monthly payments.