Building with a small budget feasible?

Where do the whole 280 square meters go if there isn’t even a guest toilet and a bathtub? Can’t they be retrofitted? For me, both would already be almost deal breakers.

I still don’t see you building.

There are certainly other financing models. Acquaintances have set the rate so low that they will probably not pay off the house during their lifetime. Just get advice from a financial advisor.

If you don't have anything else up your sleeve (severance pay, inheritance, funds, stocks, whole life insurance, other real estate, etc.), that is extremely short-sighted and, to put it mildly, stupid. We all know how well this other financing model worked in the US. Real estate does not only know the way up, so a sale is always guaranteed to be profitable. Unless we are talking about a prime location and you do not care about keeping the total repayment amount comparatively low.

There are certainly other financing models as well. Acquaintances have set the installment so low that they probably won't pay off the house within their lifetime. Just get advice from a financial advisor.

What exactly the goal is compared to rent is not entirely clear to me. Usually, the personal goal is to have paid off your own property (not investment properties/properties for rent) by retirement, in order to be able to fully benefit from the lower pension as income.

What exactly the goal is compared to rent is not entirely clear to me. Usually, the personal goal is to have paid off one's own property (not investment properties/properties for rent) by retirement, in order to fully benefit from the lower pension as income.

The goal is to live in an owner-occupied home at lower costs than if you were renting. And part of it is still being paid off, so you are also building wealth for children/grandchildren. Of course, it is nicer to have paid off the home by retirement. But that is simply not possible for everyone.

Of course, it is nicer to have paid off the house by retirement. But that is simply not possible for everyone.

It is really impressive how new ways are constantly being explored to make real estate purchases fit even the smallest budgets and to keep fueling the eternal boom...
After all, the house ages too and later requires investments. How is that supposed to work if the 70-year-old owner is still paying off the mortgage?

One can only hope that most banks stick to their principles and do not go along with such antics. At some point, there is an end.

It's impressive how new possibilities are constantly being explored to make property acquisition suitable for even the smallest budgets and to keep fueling the eternal boom...
After all, the house also ages and later requires investments. How is that supposed to work when the 70-year-old owner is still paying off the loan?

One can only hope that most banks stick to their principles and do not go along with such antics. At some point, there has to be an end.

A bit harshly phrased, but I agree with you in terms of content. In particular, I believe that the joy of owning a home is lost with the constant saving. Ultimately, everyone has to decide that for themselves. In my own environment, I have experienced more than one case that has led to the failure of a marriage precisely because of this.