Finance another house...

Dirk Grafe. I already tried to explain that 2 pages ago. Financially, it would certainly be possible to live closer to work if you only come out of the current project with minor scratches.

... But new scratches will be acquired.
For me, it makes no sense to build an escape route that ends in a dead end again because of what has been created.
Lock has gotten himself and his wife stuck and will do the same with something new; such people exist. I basically only read "it’s not possible" in this thread, which is typical for such people. Depression is the consequence if it’s not already present.
One should tackle the root causes; the suggestion of a temporary change would be one option, but the closest possibility would be to get a consumer loan, an all-terrain vehicle, and a technician to take care of the controlled residential ventilation and room renovation.
Let them go ahead, kitchen and stuff are in order!
The house surely has its potentials; otherwise, you wouldn’t have bought it.

So the shell of our house isn’t really like that, the attic is finished. We have one bedroom, each has their own office and the guest bathroom, the kitchen is finished too, just two floors below.

Those are great conditions!
So enough complaining now and come back down to earth

Stop throwing your money away on 2k expensive laptops etc., save the money and hire craftsmen. Yes, everything will be very expensive. Yes, it will take a long time. But with that income, I don’t see a problem that couldn’t be solved.

No, even I understand that. The question remains, what the house is worth. The resident estimates the "need for renovation" at 150,000 euros, at least.

This is also a mistake in thinking if the information provided by the OP is correct/realistic.

The current value of the house is at least €340K including (!) the backlog of repairs. Or the OP paid way too much 3.5 years ago and the financing bank greatly overvalued the property! He financed €290K of the purchase price back then, which is 85% - if the bank's assessment neglected a six-figure backlog of repairs, then the bank has a problem and really slept through it back then. That should never have been financed like that, because the actual value of the house would only have been around €200-250K. Ergo, there would be more credit on the house than it was even worth.

That is of course possible, but rather unlikely.

More likely is that the property currently has a market value of at least €340K (the usual price development in the last 3 years has clearly been positive) and if the repair backlog is fixed, this amount increases by €100-150K.

Best regards
Dirk Grafe

That is also a misconception if the information from the OP is correct/realistic.

The value of the house is currently at least 340k€, including (!) the backlog of repairs. Or the OP paid way too much 3.5 years ago and the financing bank seriously overvalued the property! He financed 290k€ from the purchase price back then, which is 85% - if the bank’s appraisal did not take a six-figure backlog of repairs into account, then the bank has a problem and really dropped the ball back then. It should never have been financed like that, because then the actual value of the house would only have been about 200-250k€. Ergo, there would be more credit on the house than it was actually worth.

Of course, that is possible, but rather unlikely.

It is therefore more likely that the property currently has a market value of at least 340k€ (the usual price development in the last 3 years has been clearly positive), and if the repair backlog is fixed, this sum will increase by 100-150k€.

Best regards,
Dirk Grafe

But what you are writing is nonsense. The market value back then does not necessarily have to be the same now. Also, your 70% of the price back then is only an assumption on your part.

Okay, let’s assume he gets the purchase price from back then of 340k. Land and new construction cost 550k (150 + 400). Minus residual debt of about 260k, we still have a financing requirement of 470k.

The prepayment penalty will also not be insignificant, unless the current bank agrees to a free property transfer. It can, but it doesn't have to.

With 550k everything should work out. The OP wants everything completely finished, after all. If you assume your 70%, the financing looks even worse.

Sorry, someone who can only manage to make a 5k special repayment per year with this income is deluding themselves.

Then it’s better to have the existing property renovated.

The house was valued by an appraiser in 2012 at 380k in its condition, the completion was estimated at 70k, and the final value of the house then at 440k, at least roughly that, I don't have the exact numbers in my head or on hand.
What needs to be done to the outdoor area, which is a large and expensive part, is more of a cosmetic issue.

Sorry someone who only manages to pay 5k extra per year with this income is fooling themselves.

I don't want to just let that sit on me entirely, on the one hand we have also put money into the house, the rooms we live in were not really finished yet. Various technology was not there yet, others broke down in between.
The lawn mower, hedge trimmer, and the fence in the garden also had to be purchased first.
At that time I was not yet a project manager and had about 800€ less net at least when buying the house, my wife only reached her target salary last year and in the years before also had less money in the account.

The wedding last year cost about 20k in total, we also saved that money in the last 3 years, as well as the money currently available, another 20k.
My car was almost 20 years old when we bought the house, I got a few hundred for it and the new used one also cost 7000€.

I don't have my expense Excel on hand right now, but the luxury expenses should have been limited to 4-5k€ in the last 4 years.

The house was appraised at 380k in that condition by an expert in 2012, the completion was estimated at 70k and the final value of the house then at 440k, at least something in that direction, I don't have the exact numbers in my head or at hand. What needs to be done to the exterior area, which is a large and expensive part, is more of a cosmetic problem.

I don't really want to take that lying down, on the one hand we have already invested money in the house, the rooms we live in were also not really finished yet. Various technology was not there yet, some broke down in between. The lawn mower, hedge trimmer, and the fence in the garden also had to be acquired first. I was not yet the project manager back then and had about 800€ net less when buying the house, my wife also only reached her target classification last year and had less money in the account in the years before.

The wedding last year cost about 20k in total, we had saved that money in the last 3 years, just like the money currently available, another 20k. My car was almost 20 years old when we bought the house, I got a few hundred for it and the new used one also cost 7000€.

I don't have my expenses Excel sheet at hand right now, but luxury expenses should be limited to 4-5k€ in the last 4 years.

Yes, back then it cost 380k, you paid 390k. Renovations were only cosmetic. I could start a test run and market the house. Then you’ll see how the price currently settles.

So it should be noted that you invested more money in the wedding and the car than in the house. Now it’s all finished, so 2k can be invested in craftsmen every month. I would like that.

You rather have a luxury problem. Although no, whoever complains that an expert costs 2k surplus, something is wrong there. As a project manager, you should know better how to work solution-oriented. That also includes budgeting.