Dream of financing your own 132 sqm house

Now the €2,000 exclusively includes what remains after one month. It could increase a bit in the coming months since a second residence was dissolved. Not included here are the bonus that adds a few thousand to the pot every year or the 13th salary. I actually don't think it's that bad ;)

Not bad either. ... There's room for more. ;-) I now boldly suggest that you increase the savings rate to €2,600 starting this month. ;-) And also, but I actually have no inhibitions about this, I think you should explore the situation regarding family support from the parents-in-law, provided they do not live nearby (very important, they must not live nearby). If they recommend you Viebrockhaus, it would be nice of them to cover some kind of "Viebrockhaus surcharge." ;-)

And moreover, although I actually have no inhibitions about it, I think you should probe the situation regarding family subsidies from the parents-in-law, provided they do not live nearby (very important, they must not live nearby). If they recommend Viebrockhaus to you, it would be nice of them to cover some kind of "Viebrockhaus surcharge." ;-)

Since we both have the goal of "moving into our own home as quickly as possible" but still with reason and understanding, we are making every effort ;) Your cheeky plan might even work :p Regarding the subsidy from the parents-in-law – well, in principle, they might actually be willing. However, we would like to manage on our own. I am fairly certain that if we were missing a comparatively small amount – say €20,000 – to realize everything else, they would support us then. Nevertheless, our primary goal is to accomplish our project on our own for now.

What I notice:

- A general buffer is missing (at least 20k)

- Many things are missing in the setup. You can't think of everything, so add a few thousand more for "small stuff"

- The understandable (unfortunately I also made this) but fatal faux pas of calculating with the current prices.

In almost every industry, there are annual price increases. That means by the time you move in, almost all prices will have increased two to three times.
Especially nasty with already real offers, because you think you are on the safe side.

also, thanks a lot for the assessment as well:

What I notice:

- There is a lack of a general buffer (at least 20k)

- Many items are missing from the furnishings. You can’t think of everything, so another few thousand for "small stuff"

- The understandable (unfortunately I made the same mistake) but fatal faux pas of calculating with the current prices.

I agree with you on the general buffer. I will definitely include that.

Regarding the furnishings - of course that’s not the entire setup :p I have already gone through in my head which current furnishings will be kept. The items listed here are those that definitely need to be new. We already have a joint household. It doesn’t have to be perfect at the move-in. That will happen step by step.

About your third point. Of course, you are right. I will probably have to add another 10% on top of the base price of the house (although I’m starting to wonder who can still build at these prices). We once compared the price list from 2019 with that of 2020 – it was about 12%.

I have one more question about the KFW loan. Does the KFW loan have to be repaid within 10 years? If yes, that results in massive installments (KFW loan + financing installment for the remaining amount) – or can the KFW loan be immediately paid off by the construction financier and combined into a big loan – or does it even make sense to waive the KFW loan (none come to mind for me)? How did you solve that?

Does the KFW loan have to be repaid within 10 years?

No, you only have the interest rate risk because you have to extend the remaining amount with KfW. Or you pay it off in one go when the money is available. At least that’s what I think I know off the top of my head.

But which subsidies are available under what conditions is still uncertain.
For example, the home ownership allowance expired "right in front of our noses."
However, the KfW repayment grant was unexpectedly increased, and I hadn’t considered BAFA.

But better not to count on subsidies, only consider them as a bonus.

Thanks to you as well for the assessment:


I agree with you regarding the general buffer. I will definitely plan that in.

Regarding the furnishings – of course, that’s not the entire furnishing :p I have already gone through in my mind which of the current furnishings will come along. The items listed here are those that definitely need to be new. We already have a joint household. It doesn’t have to be perfect right at move-in. That will happen step by step.

About your third point. You’re absolutely right. I will probably have to add another 10% on the base price of the house (though I’m starting to wonder who can still build at these prices). We once compared the price lists from 2019 and 2020 – there it was about 12%.

I have one more question regarding the KFW loan. Does the KFW loan have to be repaid within 10 years? If yes, then massive installments will arise here (KFW loan + installment for financing the remaining sum) – or can the KFW loan be immediately redeemed by the construction financier and combined into one big loan – or does it even make sense to forgo the KFW loan (I can’t think of anyone who would do that right now)? How did you solve this?

Here’s my assessment as well:

What makes things a bit easier for us here in the forum:

- What exactly do you imagine for a house? Which Viebrockhaus? What are your demands for the house? Do you have any wishes that you possibly “think” aren’t included in the standard? We initially dealt very intensively with prefabricated houses like Viebrockhaus. Please absolutely keep in mind: The house price in the catalog will never be the price you ultimately pay! It will not just be a few thousand euros more but probably significantly more!

1. Definitely buy the plot as soon as possible. Finance it variably at a good interest rate and that’s it. You can’t really go wrong there. The saved equity can then also be used to pay the incidental construction costs! You will quickly need €50,000 depending on what you plan! It would be great if you could maybe provide us with some important info here.

2. Please do not list the incidental costs... These should definitely be paid in cash during the interest-only period, from saved equity, or something else.

3. Base house price – please add at least 5% – the price will rise enormously next year!

4. Garage €15,000 (single garage or what have you planned?)

5. As said, consider the incidental construction costs (approx. 50k). You need to calculate them (depending on the general contractor/prefab house provider, these differ enormously). For one it is included... for another not.. etc.

6. The extra fittings as well as the costs for the exterior facilities/garden are very well estimated. As mentioned, basically only the increase of the base house price and the calculation of incidental costs are missing.

If your jobs are relatively corona-crisis-proof you can’t really go wrong with building/planning a house.