Can we afford the solid wood house KFW70?

Who wants to spoil things here? We don't even know you. Calculate whatever you like, there are some here who have already had experience with these calculations, most of them paid on them (like me). And often it goes well too. By the way, I am also building for the first time, but I bought a used property 15 years ago. I don't want to rule out building a second time - why not. It will happen as it will happen. By the way, my parents are both 70... I quickly deleted the rest here... in short: I hope they live to a very old age and spend their hard-earned money extravagantly

You should talk to your parents about an interest-free loan - that would be a fair alternative to inheritance speculation

Sorry guys, it was not meant to come across like you want to put me down.
Each of you is right with your ideas, opinions, and experiences!
I think it is always difficult to say whether a house construction fundamentally works financially.
Everyone has a different perspective and a different standard of living.
What works with little money for one person might not work at all for another.
But I still want to thank you again for your answers!

Du solltest mal mit Deinen Eltern über einen zinslosen Kredit sprechen - das wäre eine faire Alternative zu Erbspekulationen

You are right, good idea!
I have already done that, but they only recently fully paid off their properties and therefore could only now start to build up money again properly.
That means at the moment they don't really have much money to lend me without interest.
That is exactly the "problem" we have --> unfortunately we don’t have much liquid money right now, but we will in the near future.

Regards
Peter

But if you have already tested the waters with your parents, that's already a good starting position. If they have saved up something again in a few years, they might be able to add a part of the ongoing income towards your loan installment. Or maybe even a certain sum that you can use as an extra repayment. Everything you can repay earlier will save you interest payments in the end, so that is definitely something to consider and not wait until the "inheritance" comes.

I don't know what it is ultimately about, but two houses and an apartment definitely sounds like quite a lot. There is also a tax-free allowance every 10 years, which can already be "inherited" in advance so that not too much inheritance tax has to be paid in the end. And there are already many parents who prefer to give with "warm hands." My mother does it that way too, I have already received something in advance so that we can use the 10-year tax allowance and not possibly face a huge sum later.

If they basically want to support you, I would definitely have fewer worries about the loan in your place.

No idea why I always capitalized "Sie," sorry!

The matter stands and falls with the estate.

I would consider or discuss within the family whether you could become the owner of the properties as part of the anticipated succession (up to €400K are tax-free every 10 years). In return, your parents receive a usufructuary right, meaning they are entitled to the majority (up to 80% iirc) of the rental income from the properties. This way, you would own the properties and receive 20% of the net rental income - additionally, no inheritance tax would apply, but your parents retain most of their income. You can only sell the properties with your parents' consent, as they would then have to waive their usufructuary right in exchange for financial compensation.

Definitely consult a tax advisor about this.

You can then reinvest the properties or the modest rental income into financing; you will definitely get a AAA rating if the properties actually correspond to your valuations and are lightly encumbered or unencumbered.

Best regards
Dirk Grafe