Desirable property affordable? Experiences?

A different idea - currently, the interest rates for long-term loans are quite close to each other. Have you ever had an offer for an interest rate fixation of 20 years? I ran it quickly through a calculator (with your stated 3.55%, though), and then the remaining debt after the interest rate fixation would be at least 276k, no longer 450k. From my perspective, it's still not particularly healthy, but at least somewhat more predictable.

I can already understand the problem. Top salary at 31, everything done right job-wise. Unfortunately, lived comparatively with comfort (2k€ rent) (assumption), which is why so little equity is available now. If you save another 2000€ per month for 5 years, it would look better...

I would gamble and negotiate the seller down further. Since you’ve been negotiating there for so long, he doesn’t have any other candidates?

For comparison: Our house went down from 850k€ to 720k€ (two-family house) also with a large plot. In hindsight, I learned they only had offers for 700k€.

I had estimated the renovation costs lower. Architect says with 60-70k€ you don’t get that far (room layout, new kitchen). Bigger bathroom will be done later. Roof will cost 100k€ in 10 years with external insulation. The money also has to be saved first. This is possible for us as the current installment is 2.5k€ (700 rent income) and DINK with 7300€ net. With children, it would look like you, IGM AT with 120k€ gross (which I assume you also have).

As I said, I would push hard in the negotiation. I talked to the building society financier this morning; he said normally he gets 3 financing requests per day, currently 3 per week, of which at most 1 is still financially viable! Nobody is able to buy houses at these prices anymore!

Good luck!

I had that feeling in new buildings as well, to be honest. While there are no old burdens there, most builders don’t have enough money to implement all wishes to perfect satisfaction. So some side projects remain unfinished. For quite a few builders, for example, the entire outdoor area, into which you can endlessly sink money and work if you want.

Of course you have that in new buildings too. But on a 1200 m² plot that you might afford with an existing property, it’s much easier to sink money than if you are dealing with only 300 m² somewhere in a new building ;) And if it hasn’t been completely gutted and renovated down to the last centimeter, then you will always have exciting new challenges. Existing properties can offer very different design possibilities and challenges. The maintenance reserve should simply be reasonably calculated monthly. This also applies to new buildings. But there (hopefully) the roof won’t be due after 20 years.

As written above. Construction financing is collapsing. Therefore, negotiate down by at least €100,000. Otherwise, you will be the fools who paid astronomical moon prices at the highest interest rates. You have no competition. The seller depends on you.

And if it hasn’t been completely gutted and thoroughly refurbished down to the last centimeter, then you’ll always have exciting new challenges now and then. Existing properties can offer entirely different possibilities for design and challenges. The maintenance reserve should simply be set up reasonably on a monthly basis. This also applies to new buildings. But there, (hopefully) the roof won’t need to be replaced after 20 years.

Exciting new challenges, or like what happened to acquaintances of ours: the entire attic contaminated with pollutants. Unfortunately, it cannot be definitively proven that the insurance company knew about it, even though our acquaintances are quite sure of it. A years-long nerve-wracking legal dispute that now ends with them having to fully renovate the attic at their own expense. Old houses often hold unpleasant surprises, so I would have everything checked beforehand that is in any way possible.

One might have to mention that our rent is indexed from next year onwards and thus continuously increases. New rental apartments for young families are also generally becoming more expensive because more and more families are refraining from homeownership.

What does your indexed rent have to do with the thread and case of Traumhaus31?