Cost estimate - simple single-family house according to kfW70

Sorry, but that doesn't add up. What if the second salary disappears because of more children? It's nice that your wife wants to continue working after parental allowance, but that rarely works 100% and often not at all.

Maybe you are right and financing at that level is really not sensible in this case.

BUT: You write that rarely can a woman with a child continue working 100% after the baby year, often it doesn't work at all. You certainly can't generalize that and it surely depends on one's own attitude and possibilities.

Quite often people scream loudly here in the forum when someone writes that despite children both will work full-time. I can't understand that! Many do that - many also because they have to! Probably even more parents today than before. And many don't have a house and "only" rent (which can also be really expensive) and have to work full-time to live. But whether one wants to or has to is also irrelevant: if Tonkey writes that his girlfriend wants to continue working full-time, one should be able to accept that without immediately painting the devil on the wall.

Best regards!
Goldbeere

Thank you all - Here a much, much more meaningful dialogue is possible than in the forum visited before ... there was no "maybe you just have to adjust this and that a bit to your budget ..." but always just "no, you can forget it, nothing works under 300k €" ... completely without explanation or any suggestions (except for one or two users).

So, as already mentioned ... I don’t see working so strictly. It also works at my parents-in-law’s and my mother (single parent) was always working - despite the three children and that worked too (daycare, kindergarten, school).

@Blöde Nachrede: was that about the air/water heat pump? I have often read that an additional heating is frequently needed in winter and that these units make quite a bit of noise, which is why I wouldn’t know where to put such a unit.

Gas + solar is not an option in my opinion.

1. You don’t get away from fossil fuels
2. The solar parts supposedly hardly make up for what they consumed

Better to invest 2-3k € more (you save on the gas connection, gas chimney, the boiler, and probably not exactly cheap solar panels) and install a more environmentally friendly solution.

What is the most sensible option within my budget if I don’t want to burn fossil fuels? - Also looking at the next 20 years (of course taking into account investment costs and interest) - geothermal, air heat, pellets?

Does a retrofitted decentralized controlled residential ventilation have disadvantages compared to a central one? Or is it significantly more expensive?

1. You started your post in the other forum completely differently. 2. You will still need fossil fuels (secondary!) with a heat pump and primarily with pellets. 3. In my opinion, you don’t have too many wishes given your budget. By now, you’re only at KfW70 :) 4. Have you checked what U3 care costs for 45 hours per week? That might eat up your girlfriend’s entire additional salary! For example, we pay just under 500€, add the gasoline money and car wear and tear, and there’s really not much left over, since you also have to save for a new car! PS: I initially took the prices from the franchiser you mentioned as realistic prices, but I was proven wrong. Take your time and educate yourself. Schedule a trial appointment with a bank/financial advisor and a home company. Then you’ll be somewhat further along in real life.

Regarding 1. by now I know better, but I still find the answers here more helpful
Regarding 2. with a heat pump there is indeed electricity, but this is becoming greener and greener; wood is not a fossil fuel
Regarding 3. I like to hear that, let’s hope reality will correspond (I didn’t know that KfW55 is such a big deal... according to the franchiser mentioned, there is supposedly only a 7,000 € difference between KfW70 and KfW55)
Regarding 4. Well, if kindergarten here was that expensive, my in-laws wouldn’t have been able to afford it... I don’t think it costs that much here... furthermore, by shifting working hours you could certainly manage with, for example, 35 or 40 hours if that makes a significant difference

I will now go to a financial advisor appointment first - how do I find a good, neutral one? As a second step, visiting show houses to better assess my own needs (maybe 130 m² is enough to be happy - then the desk just goes into the bedroom and the third child, if necessary, goes under the roof^^). As a third step, I will get in touch with my uncle (architect) and visit one or two house building companies to get an overview.

I also recalculated the financing regarding repayment - assuming 3.5%, the fun ends at about 220,000 € total loan amount - above that, the interest payments become ridiculous. The question is only whether that is enough and whether 3.5% is realistic - but I will probably clarify that best with the financial advisor.

The most important question in the forum here now is about an ecologically responsible, affordable heating system.

Best regards Markus

Hi!

For me, this looks very risky. Let’s stick with €250,000 for the land, house, and incidental construction costs. The 4% interest you mentioned doesn’t seem unrealistic (including KfW) for a term of 20 or 25 years. With the initial repayment rate of 1% you mentioned, the financing would stretch over 40 years.

With a fixed interest period of 20 years, you still have an outstanding debt of €174,000. Don’t take it the wrong way, but I could imagine that in 20 years your house might be worth less ... keyword "location." Even with 25 years, it doesn’t necessarily look better. The follow-up financing could therefore be problematic.

I also wouldn’t rely on the special repayments since the outdoor facilities including (covered) parking spaces for cars are still missing. In addition, reserves have to be built up. Your wife’s salary later will also not remain available one-to-one (as already mentioned, childcare).

If I were you, I would wait and save. If it is really possible for you to save €100,000 in 8 years, then a construction finance should look significantly better. It is somehow a look into a crystal ball, but I expect falling construction and real estate prices in 5-10 years. You will have to expect higher interest rates then, but you will have a considerably lower loan-to-value ratio.

Would young existing properties not be an alternative for you?

And what I can only advise you... if you have the opportunity to improve professionally (salary!), you should do it! Even if the commute becomes longer. :rolleyes: Ok, of course, both should be in a reasonable proportion!

What I had forgotten ... it is also questionable whether the bank will even accept such a high burden based on your income.

I think it would be more sensible to first get an overview of what is financially possible from a financial advisor or the like. Then you can search for the suitable house.