Building a house - Is that possible with our financial situation?

You are 100% right. You simply sleep more peacefully with more equity. And besides, after some time of planning and gathering information, you are much more focused, confident, and smarter – and in the end, everything (mostly) turns out as you imagined. Let's wish him the necessary patience!

Briefly about the existing property. We have certain wishes that we do not want to do without; normally, you only build once. Our idea would be
- approx. 150 sqm living space
- double garage 9x6m
- air-to-water heat pump
- controlled ventilation with heat recovery
- central vacuum system
- smart home
- electric shutters

Implementing everything would of course be a nice thing, but it depends on the price, and I think finding an existing property with this equipment will be difficult or the renovation would involve high costs, hence the idea of new construction.

Don’t take it the wrong way, but zero equity, low monthly net income in relation to the loan amount, loan just being repaid, but many marks on the must-have side, that doesn’t fit together. At least not right now. My tip: significantly increase the equity ratio. Then even some wishes like a double garage will be easier to realize.

That has become clear to me by now, so now it's called saving.

The Euro wish list should cost you around 300,000, with a simple design without projections or adapted to the terrain.

+ Grundstück
+ Bau Nebenkosten

If you want to invest in property, take a look at a [Eigentumswohnung im Bestand zum Vermieten]. You can then pay it off over 7 years and afterwards build.