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

Prepare well for the conversation. Bring along any documents you already have regarding the planned property, building plot, income statements, detailed list of ongoing expenses.... Express your wishes (vacation, family planning....) as precisely as possible. Only in this way will you get a realistic picture of what is feasible.

Hello, this is my first topic. Briefly about the situation: my girlfriend and I want to have a house built next year. My girlfriend is still in training until June but will be taken on after passing the exam. I work in industry. Today we visited several show homes and got advice on what costs we would face. Turnkey house approx. 150-160 sqm €220,000-230,000 Double garage €15,000 Plot 600 sqm €47,000 Ancillary building costs €25,000 Garden approx. €10,000 (which should not be done immediately but gradually) Do-it-yourself work would be painting and flooring Own capital is unfortunately only €5,000 at the moment (a large part unfortunately went for an engine damage on the vehicle) additionally we would cover the notary, property transfer tax and broker fees (approx. €6,000) Income My salary €1,800-1,900 Girlfriend’s salary initially €1,300-1,400 increasing later to €1,700-1,800 Expenses (monthly) Insurance, phone, miscellaneous approx. €600 Living expenses €300 Fuel for cars €200 Rent including utilities €430 Currently still a loan on the vehicle €400 monthly, I am not sure yet whether to include this amount in the construction loan or reduce the rate (approx. €14,000). Since I receive good vacation and Christmas bonuses, we want to make extra repayments of €3,000-5,000 annually. Would this calculation work out or should I rather save a few more years? I would be grateful for answers.