Finance big, wait, or think smaller?

or holding type 1.

They do that with their expenses - although there is probably almost no holding type 1 left ;)

This frugality or stinginess is one reason why,

And the high consumption rate or a "must-have" leads to the complaints here in the forum (and everywhere) that property is no longer affordable.

that the farmers earn so little

Do they really?

On average, a farming couple earns about €90,000 gross per year (AK = labor unit). You won’t get rich with that, but it’s not so little either. However, about 50% of the profit consists of subsidies and grants. Well, earnings are okay - but prices in the store are the fundamental problem. Nowhere in the EU is the competition as strong as here in Germany and thus prices so low.

Dear ,

in principle, you are right, we are also economical in areas where it would probably be more beneficial for the common good, we would spend more, primarily certainly on food (except meat, of which we buy little). But in my opinion, this is off-topic for the overall thread and we don't have to delve into it further if you don't want to.

Does she not want to work afterwards at all?
That's not good for her, nor for her pension...

Yes, she wants to and certainly will. However, probably initially part-time, and maybe, if we are lucky, child 2 will come one day. In the long term, she will certainly work. For the purposes of pure financial planning, we have deliberately left out her income/possible income out of caution.

Never in my life would I even think about sitting with strangers on top of that, given your income.

Please excuse me for writing it like this, and honestly, I don't even know how much money is ultimately saved on taxes, but those few bucks would definitely not be a reason for me to bring strangers into my house.

In your situation, I would either buy a detached single-family house or build one myself.

And I myself also know all forms of living: rented apartment, mid-terrace house, semi-detached house, and now in a detached house.

It's probably the classic again. The more money, the more insecure people become.
Why do you want to make a financial plan that doesn't include your wife? That's overly cautious and limits you enormously. Especially since that's also quite unrealistic.
Children need other children and not mom around 24/7 for 6 years.

And the next classic then is underestimating expenses. 300 EUR for one child is supposed to be too high and 400 EUR are enough for a car? ;)

Hello dear forum,

after receiving many valuable suggestions here, we have actually moved away from our plan A) see page 1. We are no longer looking for a two-family house.

Instead, we are looking for a [REH], semi-detached house, or a single-family house.
In the meantime, we have conducted many viewings, learned a lot, and have now found a property that appeals to us and has triggered a certain "want-to-have" feeling. That was the first time I experienced that purely from gut feeling with a house and plot, which was definitely interesting. Unfortunately, the property is certainly at the upper end of our financial capacity.

Seller’s asking price: 750 TEUR. Plus incidental costs, we end up at 820 TEUR.

Recap about us in brief:
We (man, woman, baby) calculate with a household net income (husband’s fixed salary plus child benefit) of 7,250 EUR and equity that has meanwhile grown to 325 TEUR and will be fully used. Bonus, part-time salary of the wife or parental allowance are disregarded since they are not secure.

The plot:
580 sqm in a good location, therefore land value guideline between 800 and 900 € per sqm --> it alone should be worth 500,000 EUR.

The house:
Solid construction, 140 sqm living space and fully basemented, built in 1986. We liked it.
Energy efficiency E. However, with a calculated TEUR 250, it is also not unfairly priced.
There are already concrete things to do directly after purchase, which will cost at least TEUR 60 (measures on the facade and the windows).
Against the backdrop of the very valuable plot see above, I actually find the owner’s price expectation justifiable, whether we can afford it is another question.

Overall, we end up with a total project budget of TEUR 880.

Ongoing costs (taxes, fees, electricity, heating, water) plus maintenance reserve of 1 € per sqm amount to a keen 850 EUR per month.

So we would need a loan of 555 TEUR.
In our household calculation, I trust us with a 3.5 % repayment, that is a rate of about 3,250 EUR per month.
Special repayments could be on top, if, for example, the bonus works out.

For living expenses then we would have:
7,250
-850 ongoing costs
-3,250 installment
=3,150 EUR.

That should actually be enough for our normal needs. With around 1,600 EUR we actually manage the rest.

Nevertheless, it already stresses me a lot mentally. Am I too much of a scaredy-cat?

Best regards and many thanks in advance for your and your comments

In our household budget calculation, I trust us with a 3.5% repayment rate, which is a rate of about 3,250 EUR per month. Special repayments could be on top, for example if a bonus works out. So for living expenses we would then have: 7,250 -850 ongoing costs -3,250 rate =3,150 EUR. That should actually be enough for our normal needs. We actually manage the rest with around 1,600 EUR. Nevertheless, it already stresses me a lot mentally. Am I too much of a scaredy-cat?

Yes - answer to your last question. What is the worst that can happen? Loss of income. What can you do about it? No option for special repayments (you can have it, but you don't have to, because it costs money), but a right to adjust the repayment. Then, if necessary, you can adjust to 1% (often based on the original loan amount) and save almost 1,200€ a month. You can also simply finance €50k (or whatever) additionally and already address maintenance issues now. Then only normal additional costs will come your way.