Finance and buy or continue renting in the Stuttgart area?

Understood, thank you for the explanation. However, I should already be building reserves for maintenance during the 5 years to get a complete picture, right? How much is typically allocated for this in a new build?

In the condominium, you do not build reserves. This is included in the additional costs (house fees). Over the first 10 years it is overestimated, usually starting very low. Even later in the house, I would not build significant reserves. Starting from year 10-15, you can begin. Before then, nothing really happens anyway (from year 20 something might be due).

what is your question? what do I do? We manage PMO topics for different projects of the company.

Sorry, no question. I also initially associated the OEM with you..... but then saw the (W). ;)

Quick update:

I had an appointment today with Dr. Klein for a possible financing. According to the advisor, financing is not a problem.

His advice was to go with at least a 15-year fixed interest rate and 3% repayment. Depending on the amount of equity used, a monthly payment between 1700 - 1900 euros would be necessary. Honestly, I didn’t find the conversation very good, as despite having equity, he advised me to go for 100% financing. Only after I asked about using more equity did we talk about possible interest savings. It was my first conversation, but it really felt like a “sales” talk. Naively, I thought the advisor was looking for the best financing option for me. :D What are your experiences? On Friday, I have another meeting with a different financing advisor.

Since I had only seen the apartment in a show home so far, I drove by the construction site and checked out the location. The house is located on the main road (according to the building plan, it’s 8 meters away from the road) between 2 multi-family houses. I’m somewhat unhappy about that. :rolleyes:

I naively thought the advisor would find the best financing for me. :D

Ideally, that's what he does - but he is also just a "salesperson". The more financing he sells, the higher the commission (and if he can also negotiate a few more points on the terms, there is even more commission).

It was my first conversation but it really went very much into a "sales" conversation. Naively I thought the advisor was looking for the best financing for me. :D .

You usually recognize advice by the fact that you have to pay for it in hard currency.. ;)
Seriously - I think you have to strongly steer the sales advisor in your direction. But it definitely depends on the person opposite, I have been rather lucky so far.

Is the argument correct that for a new building it is better to go for a fixed interest rate period of 15 to 20 years? Honestly, I did not quite understand the context. For the advisor, it was mainly about delays in the construction phase...