Buying a house - too expensive or can we afford it?

If you write “The electrical system was redone” then check if LAN was also done. You are at an age where you will soon stop using regular TV, if you even still use it now.

Now still something about age. I can understand the idea of buying a house. At that age, I had also just finished my training and happened to land a great job right away. A job for life, everything sorted! If someone had come with the idea of owning a home, I would have said yes immediately.

Now comes the BUT!!! After 5 years, I just wanted to try something different. I quit and went full-time to the technician school in Munich for 2 years. In the following years, I also took a few long-distance trips. All of this was very important to me personally, but it wouldn’t have been possible with a house holding me back. Since I was 30, building a house has been a topic, but for now, it is not on the agenda.

I would wait a few years and gather professional and life experience. These are your years to try things out!

At a purchase price of 320,000, around 21,000 acquisition additional costs arise in RLP. That makes 341,000, minus 30,000 equity leaves 311,000 - plus what still needs to be invested, plus kitchen etc. With an approximate interest rate of 2.2 - 2.5 % for 20 years (if your bank even agrees to that) and 3 % repayment, you are at least at 1,350 euros annuity. Even with KfW we don't get anywhere near 1,200. So at the bank where I work, they would probably tell you "Make a home savings contract, put something aside for 5 more years, think carefully about the children and in a few years we'll talk again."

Hm, why do you want to tie yourselves to a house in your early 20s that is twice as old as you. That is *imho* too big, too expensive, too old. And from a purely financial point of view not a good idea.

If it is to be something of your own, then rather a small (not too old) condominium and the goal to pay it off within 10 years. After that, the foundation is laid through sale or rental income.