Can we afford a home?

In a direct line, for example from parents to their own child, no real estate transfer tax is incurred. If the prospective son-in-law acquires half, real estate transfer tax would have to be paid accordingly.

In the case of a gift or sale of a property from parents to children, no real estate transfer tax is incurred. Depending on whether your boyfriend wants/should/must be included in the land register, they could save these costs completely or at least partially, and the equity would then be sufficient for the notary.

I don't think you will get financing for the 250,000 euros because it is not clear to me what you intend to do with the 20,000 euro gap. New kitchen? New furniture? Vacation?

Cost breakdown:

[*]House costs: 170,000€
[*]Renovation/modernization costs: 60,000
[*]Total costs: 230,000 => 20,000 euro gap
[*]Financing amount: 250,000

One person alone will not get the financing, but together I see few problems (however, then partial real estate transfer tax will apply again). Depending on the institution and exact conditions, you can get 230,000 euros for something between 600 and 800 euros per month. That should not be a problem. Depending on how well the house is insulated, your costs will be around your current warm rent or slightly higher.

How urgent is the sale from your parents' side? Do they need the money immediately, or can they still wait with the sale? If they can still wait, use the time and try to increase your current monthly savings rate of 1,200 euros and create a reasonable equity cushion.

I have one more question: in which federal state do you live?

Category * HARAKIRI*

to return to the initial question:
Yes, you can afford the loan.
Whether that fits your age and your life circumstances, you have to decide for yourselves.
With the background that you are young and (hopefully) not yet at the peak of your salary, I would have no concerns.

Sorry, but I wouldn’t exactly call 6K a reserve. When building a house, that’s just the difference between whether or not I want a pattern in the tiles.

Who here wants to build a house, did I miss something?

A friend of mine received a loan of €250,000 with just €2,600 net. As a single person aged 29 but with around €100k in equity and no liabilities. It was not mentioned how the incomes are distributed here. How then can one conclude that one income is not sufficient?