Can I afford to build a house?

Hey bergaufbremser,


if I understood correctly, you have assets of 120,000-140,000 [Wohnung] + 20,000 equity available.

I am by no means an expert in house construction, but even if the price of the house is under 200,000 euros, which I don't believe, you won't be able to avoid a loan. At the moment, the interest rate is not particularly high. However, it is questionable to what extent you can repay the loan if you are the sole earner in your household... It is best to have an intensive consultation with your trusted banker beforehand!

Best regards

Is the question really whether you can afford it (there is still missing information for that) or what the house costs?

I would sell the apartment rather than continue renting it out. If you don’t sell it, you will pay a lot more interest.

That is almost grave robbing to dig up such old threads again. I think the topic has been settled after 7 months.

Oops, I didn't pay attention to that after Andre84's post.