Feasibility financing new construction (land + semi-detached house or semi-detached half)

My instinct says that too, for many reasons. But I can hardly put myself in their shoes because we have a somewhat different situation, both in terms of income and expenses. It’s easier to talk when you know you can cushion it if something unexpected happens, and it just becomes "a bit more inconvenient."

With the OP, the assumptions about the house price (which is probably also sugar-coated by the seller or the construction company), and the relation to income, a financing/construction project here is probably on such shaky ground that any planning inaccuracies become financial harakiri.

Yes, that’s why you have to set the adjustment screws in the financing so that you pay off less, but at the beginning have a manageable burden, so that in case of emergency, there is still some room (whether it’s €25,000 additional financing) or whether there’s still some leeway in the household situation.

The author himself writes that, in addition to the warm rent (€768), they can still save €2,000 monthly.

That means the new rate + incidentals should not end up at €2,700 here, but should rather be around €2,000.

The author would then be more flexible in the future. Because currently, if he got a new job, where for example he could earn €1,000 more net, he cannot and is not allowed to accept it! Because then he would probably have to leave the cheap apartment, and those €1,000 more salary would quickly disappear (for a new apartment), without him actually having anything left in his pocket.

With ownership, he is more flexible, because it would have a direct effect for him, as the housing costs would remain the same...

So we will stay here for a while...

I am quoting this again because some people here did not read that the topic of house construction was closed by the OP. He still left a detailed post, which I think is great.
Also, the fact that he "is withdrawing here" has already been interpreted here as "does not want to read unpleasant things." I understood it differently; this is a HOUSE CONSTRUCTION forum, he is not building, therefore the withdrawal.

The author himself writes that currently, besides the warm rent (€768), they can still save €2,000 monthly.

That means the new installment + additional costs should not end up at €2,700 here, but rather be around €2,000

All well and good, but in doing so, one makes things look better, for example with the car. Depending on the circumstances, after moving one might even need a second one.
€1,300 for living expenses for a family of five is tight and certainly not a desirable permanent state.

But what do you suggest instead?

The company apartment is not a bad solution in itself, but I have in mind that it was very small for 5 people. If the employer also has bigger apartments, that would be the jackpot.
Otherwise, there is no good solution. Building a house is out of the question, condominiums are too expensive, can you really move far out without spending your life in the car...? Ultimately, commuting also costs a lot of money.

I always thought in metropolitan areas like Munich (or also Stuttgart?) it’s normal that building a house means piling up debts so high that a generation can hardly manage?

Just because many do something doesn’t mean it’s good or sensible. When the financing runs for a very long time, you make the bank the landlord. But you yourself bear all the disadvantages that come with property ownership (taxes, renovations, etc).

therefore, when it comes to financing, you have to adjust the levers so that you pay less amortization but have a manageable burden at the beginning, so that, in case of emergencies, there is still some room

What would be the minimum amortization banks would accept?
The high equity and the purchase below value is positive.

How about for once an amortization of 1%? :eek: So basically renting from the bank.

What would be the minimum repayment that banks would agree to? The high equity and the purchase below value are positive. How about unusually 1% repayment? :eek: Living at the bank's rent.

One had to see, there are currently "hardly any banks" that still offer 1%, many already want 2% or more. But depending on the constellation, one would probably manage 1.3-1.5% repayment here. I consider 1% unlikely here (maybe you can still do something with 1.1%; one would have to see how to represent the term so that one is officially done by retirement).

but depending on the constellation, you could probably achieve 1.3-1.5% repayment here.

For a full financing with sustainably lacking debt service capacity - and a house whose final price is still significantly above what the OP dreams of?