Error in financing?

By "inside" I first mean the essential things like floors, walls, tiles, etc... Everything that would be difficult to change later. We’ll initially take the direct furniture with us. We don’t need all the rooms at first – we just want to use the interest-only period and be done by retirement, that’s now and right now we pay a lot of rent. If I save for 5 years, in the end it just doesn’t add up anymore.

It goes without saying that it would have been better to save 5 years ago, but what’s done is done.

I know that then the cash flow will be tight, that the vacation will probably take place at grandma’s or in the garden rather than somewhere else... all totally clear and totally independent of the budget, because you always need the money. With a bigger budget, the house would be even more expensive, so it would be gone again.

Job – if I didn’t have high budget responsibility, I would be considerably overpaid. But that’s a good example, we’re not a government agency... if everyone at our company acted completely correctly, then our industry, the company, and everything else wouldn’t work well and we wouldn’t have this success. That can be somewhat transferred to the private project.

And of course, we’re not calculating as if we have two full salaries available for the entire financing, it’s really shocking how naive I must come across here. Unbelievable.

Worst case scenario: my wife doesn’t work at all anymore, or I don’t, it doesn’t matter, salaries are currently pretty much identical – due to the tax class, one salary would be correspondingly higher – we could also live off that with the sums calculated here. We could pay off the house and it surely wouldn’t be nice, but we wouldn’t be insolvent either.

Such a scenario also certainly wouldn’t last long and would have to result from a dismissal, so accordingly severance pay etc... so a lot really has to go wrong. RLVs are already there with over 300k each for 25 years, what’s still missing is BU, which will cost a bit more, but in the first "critical" years, given our starting position, it’s probably indispensable.

[FLOORS, walls etc. are of course calculated. Everything still has to be planned in more detail to see where we end up. Maybe it will also be 500k - then recalculate, so far there is room upwards. For us, the limit of the rate was around 1,700 so that later with additional costs it's just over 2k.]

From today on, double the increase per day (so always 50k) more, 25k steps were boring anyway.

If you take the 500k in your BHW model, you suddenly have in the first 15 years [1711 + 400 additional costs], then for 5 years [2333 + 400 additional costs] (EKED is not yet paid off, but the building savings contract loan starts to put pressure after 15 years), and the last 10 years then relaxed [2173 EUR + 400 additional costs]. Then you are finished after [30 years].

I know that then the cash register is empty, that the vacation will rather take place at grandma’s or in the garden and not elsewhere... all totally clear and totally budget-independent, because you always need the money. With a bigger budget, the house would be even more expensive, so it’s gone again.

Read again what I wrote, I didn’t talk about vacation, that’s gone anyway for the first two years. But you are making it look better when you say: I have 500k for the house and everything around it, except for furniture, which will come gradually.

So many things come gradually, little things like lamps, a small rug, cutlery for the kitchen, the grill, lawnmower etc., you can’t buy any furniture anymore, because you’re already at least a few thousand with that. Right now you still think you can buy the world with your salary, but that’s not the case, believe me and the others. When we lived in a rental, I wouldn’t have been aware of what all is coming your way...

You don’t want to pile clothes up in the bedroom because the wardrobe doesn’t fit after all or fell apart during the move...

And of course we’re not calculating as if we have the entire financing available as 2 full salaries, it’s really crazy how naive I must seem here. Incredible.

worst case scenario: my wife doesn’t work anymore at all, or I don’t, doesn’t matter, salaries are currently pretty much identical – due to the tax class that would mean one salary is correspondingly higher – we could live off that with the sums calculated here. We could pay off the house and it wouldn’t be nice, but we also wouldn’t be insolvent.

Ok, you earn between 2500 and 3000 euros net. Then you have calculated what you get net with tax class 3. And from that, you want to pay off a house with 2000 euros monthly? Yes, that seems very naive.

I’m out here too, but I’ll gladly keep reading.

yes good points, but what am I supposed to conclude from that? It is the same for everyone that the house is financed, just as it is done, land + house etc.. and then all these many small things come afterwards. It is like that for others and it will be the same for us... so again - we still have money left every month to work off exactly these many things in the first months and years.

What am I seeing wrong again now and where do I differ from others?

If I could buy the world, I wouldn’t be here in this thread.

Ok, you earn between 2500 and 3000 euros net. Then you have calculated what you get net with tax class 3. And you want to pay off a house monthly with 2000 euros from that? Yes, that comes across as very naive.

[...] Quoting this part so that everything is twisted, seriously, are you kidding???

yes - I would then have about 3,500 net, in an emergency it would be possible to pay 2k for a not long period without going bankrupt, provided there are no other obligations, right?

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I have cut your post due to your offensive language. Please adhere to netiquette.

Rhineland regards
Construction expert