Existing purchase plan: Financing possible?

The trades are a nightmare, especially when the place is inhabited

Definitely. But it gets even worse:

Are children planned? Yes, one, expected in 2-4 years

Renovating is simply impossible with an infant, and with a small child and possibly part-time work, the income might not even be enough for additional loans if it gets more expensive.

Sorry, it seems to me that the calculations for retrofitting are just wishful thinking.

It always is. When you live in a house, you can only renovate missing rooms or finish the second bathroom. Things like that. But under no circumstances should you chisel walls throughout the whole house, replaster everything, etc.

I consider the purchase price too high given the renovation costs.

For the greater Frankfurt area, you are really living very cheaply for 760 euros. That won't happen to you in the house. Much higher additional costs will be coming your way. The land is also almost nothing. With such a cheap rent, I would hold still and continue to live cheaply for as long as possible. It can all take a few more years until your living circumstances change.

This way you can continue to save equity calmly and later buy or build new from a secure position. Prices are currently completely inflated. You definitely need some patience. But prices will also fall again in the future.

My tip for young people with the possibility of DIY work: buy a nice building plot, even if it is a bit more expensive. Down payment with equity and finance the rest over 5 years. You can always build on your plot. It also saves a lot of money. Grunderwerbsteuer usw.

I find many comments here very general and too discouraging. Of course, renovation while living in the house IS POSSIBLE. And of course also with a child. Just as obviously, it will also be a very long drawn-out project and you have to be in the mood for it. Really in the mood. Here in the forum there is a very good example for exactly your plan, namely , who in his thread reports how everything gradually takes shape. But I don’t know anything about his financial situation. We ourselves are not completely finished even after 3 years, with almost all work done by ourselves – you have to want it. We didn’t do it primarily for financial reasons, but because we enjoy it. (And still, after some weeks of "vacation" with sore bones, we have already cursed the decision ;-) ) Conclusion: Think carefully about what "renovation little by little" means and whether that is really something for you. If yes, go for it!

Here in the forum there is a very nice example for exactly your plan,

In my opinion, the house built in 1958? cannot be compared with the building fabric of a house built in 1913. Ultimately, it is only about money here: Renovations cost money, which is neither to be financed nor is available.

The house built in 1958? In my opinion, it cannot be compared to the building fabric of a house built in 1913.

That very much depends on the individual house and its quality. Just because it is older does not mean the fabric is necessarily worse. A house can also have been built by a builder with sufficient money and good materials despite general years of decline. With the example, my main point was to show how such a gradual renovation can look after so many voices said "that is not feasible." Regarding the finances: Yes, of course renovation is never free. But whether 100k in one year before moving in or 5 years at 20k is already a big difference. Then you forgo the vacation, use the Christmas bonus, simply don’t start building reserves again yet, etc., and also really pitch in yourself with EL. Even though it was already calculated rather narrowly here, I do not necessarily see a follow-up financing of 100k. Provided, as stated above, you WANT it. If the house is only to run on the side and, for example, vacation or weekly restaurant visits are untouchable—I agree with you that it is too tight for the necessary money to "fall off" on the side.

It really depends on the individual house and its quality. Just because it is older doesn't mean the substance is automatically worse. A house can also have been built by a builder with sufficient money and good materials despite general years of poor construction.

And that is exactly what is not known here. The question is how expensive it can get, but only very superficially what is planned is mentioned. What condition the house is in? No idea.