The family income is 2,500 net plus child benefit. Savings are only the inheritance. That's nowhere near enough for building.hi, I find your argumentation strange. We don't even know what the OP imagines under a house. How big should the plot be? Where, meaning how high is the purchase price.
I think anyone with a normal income (you have) plus 200k equity can build. The question is; how big and where.
Do you know the family’s lifestyle? Statistically, a family of four has a monthly cost of living of 1,300€. Besides that, savings, vacation, car, etc.... maybe it’s then 2,300€. Up to 2,900€ there remain 600€ monthly that can be paid in addition to the rent of 580€. 1,300€ for a loan, at the current interest rate, that means 350K for financing, plus equity. So I claim you can build for 590K. Also cheaper. So I find it inappropriate to categorically rule it out here, unless further parameters are known.The family income is 2,500 net plus child benefits. Savings are only the inheritance. That is nowhere near enough for building.
Do you know the living habits of the family? Statistically, a family of four has a living allowance of €1300 per month. In addition, savings, vacation, car, etc.... maybe that amounts to €2300. Up to €2900, there are still €600 per month that can be used in addition to the rent of €580. €1300 for a loan, at the current interest rate, means financing €350K, plus equity. So I claim that you can build for €590K. Also cheaper.
So excluding it outright here is inappropriate as long as no further parameters are known.
In Bavaria, for 400k you only find properties that you have to tear down or completely renovate. So a good idea, but not feasible.
But with 1,600€ living expenses for 4 people you won’t get approved by the bank (in real life either, by the way) – for us it would be, for example, 1,800€.1300€ for a loan, at the current interest rate, that covers financing of 350K, plus equity. So I claim you can build for 590K. Also cheaper.
Yes, and if the washing machine breaks down or you need additional financing, there is nothing available