Finances for building a house okay? Please provide an assessment

At 21, I just moved into a 50m² student apartment with my girlfriend..

How concrete is it with [dem Haus der Tante]?

Maybe you could already start and renovate/expand parts of the apartment or something.. then you'll have something to do!

Because it just occurred to me: It is very advantageous if you have thought about family planning BEFORE building the house. Because a couple's house with 120m² is designed completely differently than a house where 2 children are also supposed to live.

During my training, I also lived in a 35sqm studio apartment. When my boyfriend then decided to move in completely, it became tight. We actually didn't want such a large apartment, but there simply weren't many options, some smaller but at the same price. So our current apartment was simply the obvious choice.

I am planning with two children's rooms, however, I know some alternative uses if the rooms are needed late or never.

That the aunt's house will be inherited is 100% certain. Only the timing, logically, is not. Since she still lives there, I find it rude to renovate it now as we need it. It is also more of a small house, with about 100 sqm of living space. Should we move in there, we might even have to extend it.

Hi,

Somehow, you have to be able to plan your life at least somewhat, right? That’s always been my problem, I think. Until my apprenticeship, I always had everything planned out in my life. And since that’s done, I’ve been feeling pretty aimless. I’m glad to be starting my studies. Maybe that will distract me from these plans.

Others have already said something about finances, so I’ll keep my mouth shut there, but:

No, you cannot completely plan your life. And you shouldn’t even try to, especially not at your age. That would be super boring! You are very young; in your position, I would first try to advance professionally, build up some capital, but also think about what you really want.

You also seem to be planning to retire one day at this company. Keep in mind that the comfortable times of our parents’ generation, when a permanent job basically promised security, are simply over! Today your company, your job could be gone overnight. NEVER rely on your company, no matter how good your standing may seem right now. (I had to experience this myself at a place like Siemens. People like to say those are civil servant positions. Think again, sometimes it’s decided overnight to outsource a division and that’s it....)

So don’t cling to just one life plan, change companies, move to different areas, broaden your horizons! And honestly, having a property holding you back is very hindering!

For me, 21 years old would have been way too young to make a decision about where and how you really want to spend your life.

Good luck,

Andreas

Then what I said applies all the more....

Frankly, a house in an area where land prices are between €20-60/sqm will, with a not insignificant probability, be unsellable forever. In my opinion, this strongly suggests waiting first and possibly moving into/remodeling the aunt's house later. You won't be able to sell it.

Best regards,

Andreas

It is 100% certain that the aunt's house will be inherited. Only the timing is, logically, not. Since she still lives there, I find it rude to start renovating it now as we need it. It is more a small house, with about 100 sqm of living space. If we were to move in there, we might even have to extend it.