Financial planning for new construction with good income and little equity

Sounds like the wrong location.

But on average, I even believe that. Although master bakers or interior decorators probably don’t do so well either.
However, I don’t think those with their own business are included in the average salary, and actually not that they earn significantly less than the minimum wage.
But I could be absolutely wrong; in the end, I only have a small slice of my personal experience.

My implicit assumption was that the hairdresser does not live alone but has a partner. Therefore, an apartment in the countryside should be possible, even with an average salary (Note: I am also not talking about the Kfw55 new building with 100m² here).

By the way, I would say that you collectively don't earn little. But also not enough that equity doesn't matter and all banks throw themselves at you anyway. However, the fact that you could still finance fairly comfortably without equity was, I believe, more a phenomenon of the low interest period.

As I said, that doesn't mean you can't afford a house at all.

(...)
As I said, that doesn’t mean you can’t afford any house at all.

Yes. The bottom line of this discussion so far is:
It just doesn’t work.

Because a Flair 152 for a good 320,000 EUR is of course never enough in the standard version, but has to be upgraded to at least 450,000 EUR to be somewhat livable.
I vaguely remember that we upgraded the stairs to solid oak steps for a crazy 2,000 EUR.
Bathroom and guest toilet became 2,000 EUR more expensive together because prices rose massively in 2021 and my wife wanted brushed aluminum corner trims all around.
Oh, and the electrical system 3,000 EUR more, for a total of 90 sockets. Most are single sockets, so easily extendable to double or more. And 8x single network sockets...

We bought in 2020 for 210,000 EUR, ended up in 2023 after price adjustments including extra effort for the foundation because of poor soil at 290,000 EUR.
Interior finishing materials alone, paint, floor coverings, impact sound insulation, tools, interior doors, kitchen another good 30,000 EUR.
320,000 EUR for a move-in ready house with 150 m².
There’s a lot of sweat, a little blood and occasionally a tear in there.

Ok, I admit, I only did the utility room this year, expanded the attic last winter.
Wood for the attic 1,000 EUR, incl. railings etc., and the utility room maybe cost me 500 EUR for tiles, silicone, paint I still had left over.

Oh, by the way... we have 2 kids, 7 and 2, and I’m in field sales with a certain amount of home office.

Anyone who believes that you can’t build a house for well under 3,000 EUR/m² either can’t do any handiwork at all or doesn’t want to. Period.

Anyone who believes you can't build a house for well under 3,000 EUR/m² either has no craftsmanship skills at all or simply doesn't want to. Period.

Calm down. The 3,000 EUR/m² is always the move-in ready price for a house built by third parties. Those who want to do it themselves (and can) can still build cheaply, just like in the good old days.

Yes, I can speak from experience - I did a (near) complete renovation of 200 sqm to better than KfW 55 standard (the entire structure was from the 60s) myself for around 100,000 EUR.

Calm down again. The €3,000/sqm is always the move-in ready price for a house built by third parties. Those who want to do the work themselves (and can) can build cheaply, just like in the good old days.

Yes, I can speak from experience – I did an (approximate) core renovation of 200 sqm to better than KfW 55 standard (the entire structure was from the 1960s) myself for around €100,000.

Well, it's MisterDx again juggling numbers like in the lottery… he just expects others to put as much sweat into their house construction without realistically calculating it beforehand.