Construction financing semi-detached house 130m2 healthy?

The car costs are for 2 vehicles. However, the financing for one (300€) will end in 2025. Which insurances do you absolutely recommend? I'm not very familiar with this area, as my father works at an insurance company and has always taken care of most things. In some cases, he even pays insurance for us.

If you are building, then you need to protect yourselves. Probably disability insurance, private retirement provision, and life insurance would be the first that come to mind.

It's not really much. With 10 years at a 2% increase, you already end up with over €3,000 (starting from €2,500 net and if you don't consider the progressive tax rate). You forget that in 10 years, among other things, groceries won't have the same price as now. That's why there isn't much left.

That's why the word at least. These are the increases due to experience levels. The collective agreement increases will be added on top. No one knows them yet. But you're right. It's going to be tight and I'm absolutely uncertain.

It's a tight situation if you ask me.
What is the property worth?
It's a 100% financing, and only Santa Claus believes in "the price is fixed."
Something always comes up, and then you're already in additional financing.
It can work, but it's at the limit, and all that for a small semi-detached house on a small plot of land.
No existing property available? €100,000 less would be smoother in this setup.

This is a new development, which is marketed entirely by the developer. Hence the fixed prices. Still, you are absolutely right. The wish is obviously for a single-family house, but here in the Rhineland, that is absolutely not to be found. And if it is, then at prices we cannot and do not want to pay. Even existing properties. Honestly, I wouldn't know of any alternative. This is basically the maximum that is feasible.

Tight but achievable with discipline, things can always go wrong, but that also applies to the case where you don’t build a house. It’s a matter of personality whether you approach things fully planned and checked for safety or whether you live more "in the moment" and trust your own situational competence. There is no objective "right" or "wrong" here. Whether that is "healthy" or not depends on your nerve strength and your willingness to take control in tight moments. I once again have no idea how I will earn our livelihood next year and have no problem with that, trust in prosperous years and endure lean years. There are plenty of ideas. So far, that has worked quite well. With you, I see a willingness to plan even though the decision has already been made. The gut has already decided and the head is being reassured. I find that very likeable.

What we are still considering is to repay the car loan early by the move-in date around 09/2022 in order to have 300€ more available monthly.

What we are still considering is to repay the car loan early by the move-in date around 09/2022 in order to have 300€ more available per month.

The 8k€ will then be missing elsewhere. Or how does the calculation look here? :rolleyes: Although it doesn't matter in the financing whether you contribute 40k or 32k. ->520k€ Just because you bring expenses forward doesn't mean you have more later.