Did we have too many concerns about the financing?

There are simply different types of people. Some lease a Porsche even though someone else in the same situation might have only bought a used Golf. Your financing is very solid and the whole process just radiates prudence. This is not meant as criticism. When it comes to building a house (dream), most people have at least at the beginning a lot of "rosaroter Traum" involved.

Everyone has their quirks. We are very focused on security and have thought long and hard about whether we can afford it. At the same time, we've noticed in our environment that many people act very naively and simply make decisions without informing themselves. In advance, we kept a household budget for several years and were shocked by our living costs. Who here has ever been to a consultation at a consumer advice center to learn what a solid financing plan looks like? We also had literature on financing and existing properties.

For example, we looked at houses with regard to follow-up costs: what needs to be renovated, what would it cost. I can change wallpaper and paint inexpensively; a wet basement can mean financial ruin. What good is the nice €20,000 bathroom if all the pipes behind the tiles are 70 years old and a leak is only a matter of time?

So we must really be badly conditioned to have already planned initial reserves to be able to do drainage, windows, etc.

Something like 70-year-old pipes only concerns people who are not building new. Of course, one must be aware that a house will always incur costs... even if the loan has long been paid off.

Something like 70-year-old wiring only affects people who are not building new.

That’s true, we quickly gave up on new construction because there are no plots available. And if there are, then not in locations acceptable to us. That means we deliberately accepted the effort of renovation and the disadvantage of existing properties instead.

Exemplary! Everything very well thought out and calculated, of course with a good financial basis. Just one personal remark: for retirement provision you have expenses of 0 EUR listed. I would recommend taking out something in the future.

In general, I also ask myself how average earners (even if both work) can afford a property (especially detached) near metropolitan areas. Considering that in the 80s/90s it was usually sufficient if only one parent had a "normal job" and yet they could afford the detached house. Perhaps today the demands around the property have simply become greater. There has to be a car for every family member, three vacations a year, etc.

Documentation absolutely necessary. There are few active people here with renovation experience.

Regarding finances: everything is represented here from cautious to barely getting by.

Construction projects: there are also everything from small and simple to individual, large, and high-end equipment.

Own work:
You have to be skilled in craftsmanship
You have to weigh whether you would rather spend the time with your children
You have to have the time. Some can only dream of your working hours
You will find everything here as well.