Buying a house without equity at a relatively young age

I would save for another 2-3 years in your place. About as much as the current rate would be.

I also estimate that 40,000 k is too little if bathrooms are also included.

It has to be. Otherwise the bank says no (I am the bank). With this risk, you want to get out of the risk. And that only works with at least 2% repayment. 1% in this constellation will lead to a 99.9% rejection by all banks.

2 cars to get to work? That is just speculation for now. The purchase price is not low, which suggests an urban area. Neither my wife nor I drive to work,

No, because already due to the…

…you don’t have them. You can’t finance them; you would have to add them from equity (possibly realtor, property transfer tax, notary, etc.) Then there are some points that are not explainable to others, or that you personally probably notice less, but those who deal more with the subject do notice.




2. Size: with a granny flat actually too big for you, if you look at it neutrally. You don’t need it, you can’t afford it. That a granny flat financially benefits you is anyway a myth. Rental income has to be taxed. Ok, you can finance everything separately, but you are not in the position as career starters to make demands on the bank. Sorry. Size and granny flat must be affordable – you can’t afford it.