Dream of the house realistic? - hardly any equity

I would first concretely calculate what the desired property would cost you including generously estimated additional costs. In my experience, the exterior facilities are often underestimated. Regardless, it is definitely not wrong to secure the building plot if that is an option.

For orientation: not too long ago, I had construction costs for about 130 sqm amounting to approximately 180,000 euros plus additional costs, exterior facilities, and kitchen.

My tip in advance, in case you ever sign a construction contract. Consider all possible extra wishes before signing. Subsequent additions often incur hefty surcharges after signing, whereas there is still room for negotiation beforehand. By that I mean services such as connections to the sewer, rainwater connections, especially extras in electricity and sanitary installations that kill the budget.

I would first concretely calculate what the desired property would cost you with generously estimated additional costs. In my experience, the outdoor facilities are often underestimated. Regardless, it is certainly not wrong to secure the building plot if that is under consideration.

For orientation: not too long ago I had construction costs for about 130 sqm amounting to about 180,000 euros plus additional costs, outdoor facilities and kitchen.

My tip in advance, in case you should ever sign a construction contract. Consider all possible extra wishes before signing. Subsequent expansions often cost a hefty surcharge after signing, while there is still room for negotiation beforehand. By this I mean services such as connections to the sewer, rainwater connections, especially extras in electricity and sanitary installations kill the budget.

Interesting hint. May I ask in which region you built? General contractor or individual contracts? Best regards

No, not deducted yet. Haupt-, Realschule, Gesamtschule

Then it’s probably more like 2700 net. But I stick to my opinion. Planning a house calmly often takes 1 year and then the excavator usually comes 4-6 months later. You wouldn’t need the full 3 years, but that time would do you good to pay off the debts. If your wife goes on parental leave, even if it’s in 3-4 years, as a civil servant she will get the maximum rate of 1,800 euros. By then you will also have at least 300 euros net more in your salary and can switch to tax class 3 (i.e. about 3,000 euros net). TG 6 or 7, right? That means for the child you are at approximately 3,000 + 1,800 + 204 euros = 5,000 euros net. If you later have monthly expenses of 1,300 euros, that works with that income. Buy a building plot and build in 2-3 years. The important thing now is to get rid of the debts early.

With the existing monthly surpluses, it should be possible to pay off the property by the (preferably latest) start of construction. Then you are free again to choose the bank. Pay off car loans so that you are free of the installments. I think the financial situation definitely allows this, provided that the excavator is not supposed to start rolling tomorrow.

Yep. You're then basically tied to the bank. Subordinated loans are usually more expensive.

For the land, I would then try to get a variable loan in order to avoid exactly this dependency. The loan would then be replaced by the later loan for the house construction.

Then it’s probably more like 2700 net. But I stick to my opinion. Planning a house calmly often takes 1 year, and then the excavator usually comes 4-6 months later. You probably don’t need the full 3 years, but that time would do you good to pay off debt. If your wife goes on parental leave, even if it’s in 3-4 years, as a civil servant she will get the maximum rate of 1,800 euros. By then you will also have at least 300 euros more net in your salary and can switch to tax class 3 (i.e. about 3,000 euros net). TG 6 or 7, right? That means you are at about 3,000 + 1,800 + 204 euros = 5,000 euros net including the child. If you later have a monthly burden of 1,300 euros, that works with the income. Buy a building plot and build in 2-3 years. The important thing now is to get rid of the debts early.

The private health insurance is listed in the expenses. My net income already has the “canteen” expenses for lunch and the company pension subtracted. Currently PVT 6, but this year PVT 7 will come and the jump to the next professional year.