Buy condominium - equity capital maximum €10,000

Hello,

I will finish my legal clerkship in August and am currently considering how to invest my money. Besides financial transactions, I have also thought about buying a condominium in Braunschweig.

Since I have no experience regarding buying an apartment, I wanted to roughly clarify here whether such an investment makes sense at all.

De facto, it looks like the apartments would cost between €160,000 and €200,000, with approximately €250 monthly for [Hausgeld+Grundsteuer]. I would have around €850 available as well as the current warm rent of €465, and I also want to set aside €400 monthly. Equity capital max. €10,000.

What do you think? Better to wait (more equity) or take the plunge? My net salary will also gradually increase over the next few years. Also, I am currently single, but I believe private matters should be separated from such a decision anyway...

Hello, having a substitute [etw] at a young age is not a reason against it. If she is also tall enough to support a partner plus one child, even better. What is your current net income? Are you already a civil servant?

Yes, the apartments would be large enough for that. I am currently a civil servant on revocation, but from August 1st I have a full position and will then be a probationary civil servant for 3 years, with the "examination" for lifetime civil service then only being a formality. From August, my net salary is about €2710, rising to about €2870 next June. I can currently be sure of that.