Desirable property affordable? Experiences?

My dear gentlemen's choir, 3.3k rate with such an income. Personally, I would never even consider servicing such a monstrous monthly rate under 8k as an absolute minimum. On top of that, there are additional costs and the absolutely necessary maintenance reserve, after all, it's no longer a new building.

For the bank and the broker, however, of course, a great business. :)

If I assume your secure income, you have 6,300 EUR net. Bonuses can be collected in tough times; in the IG Metall, the employers already wanted to go after the Christmas bonus this year, but that was still fended off. But just the idea of putting something like that out there was a taboo break that shows where things are headed in the medium term.

I see the wife's part-time work with 3 children probably at 0, 3, 5, honestly at first not at all. The eldest will then start school and suddenly will already be back at 12:00 every day, etc.

If we include your bonus, you are at 7,300. Multiply that by 0.35 and your maximum rate would be 2,555 EUR.

And you will, like almost everyone nowadays, underestimate the costs by about 10%, meaning the dream of "we make special repayments of 20,000 EUR every year" will quickly burst, and after 15 years you will be left without a single cent of special repayment.

So our current income is also €6,300 and the installment is €1,200. I could never imagine €3.3k, that is way too much. The calculation of 1/3 of the net income as the maximum installment no longer applies with the current inflation either.

So our income is currently also at €6,300 and the installment is €1,200. I could never imagine €3.3k, that’s way too much. The calculation of 1/3 of net income as the maximum installment no longer fits with the current inflation.

But it does fit. The calculation with 35% applied rather to normal incomes anyway, because there tends to be little "luxury" saved there.

With €6,500 net, I can imagine an installment of €3,300. €3,200 remains, that’s a lot of money.

The problem is only: Do you want to have €6,500 net and still not go on vacation for 10 years or more, only drive old cars, etc.

I couldn’t imagine drastically restricting my standard of living for this box made of stone and wood.
Therefore, my maximum was 25% of the guaranteed net income, without allowances, expenses, bonuses, etc.
That was still fine at 1% interest. Now it wouldn’t be possible anymore.
But then I wouldn’t want a house that badly... financial worries can quickly ruin your nerves.

I am torn here. On the one hand, the rate is very high, especially considering that such a large outstanding debt still remains on paper and it is currently unclear whether the planned costs will be sufficient. On the other hand, more than €3000 remain each month. That is a lot of money, with which one should actually be able to get by quite well.

For comparison, in the end we will have paid about 26K in interest for our house until it is fully paid off. It's not really a fair comparison since the interest rates were lower and the construction costs were too, but those are worlds of difference in costs and in the end we both live in a house, ours paid off and yours with a 450K remaining debt. So for me, that would currently be massively too expensive...

Well, sorry, your "comparison" is absolutely laughable. You come from an absolute low-interest phase that was not normal. Until not long ago, it was normal to easily pay the value of a house again in interest. (yeah yeah, I know, but the costs....)

, how did you get to the 150k renovation costs? What is supposed/must be done? Since you obviously don't live in a cheap area, assume that not much will come out of it if you don't do everything yourself. So it might possibly not be a "dream house," you should be very aware of that.

Otherwise, I find it very difficult to give any advice here.