Financing a house without equity

Please try to describe your wishes with objectively assessable criteria (e.g. living space/plot size/house features), then you will also get more valid answers. Additional information such as macroscopic location would also be helpful for an assessment. At the moment, I am also tending more towards no new construction, rather yes to an existing property with compromises.

What can you set aside at the moment, and how high is the current rent?

At least the incidental purchase costs you should definitely save up! And if nothing is left over right now... the project will definitely not work out.

Child benefit does not count as income.

At the children's age, it does. You cannot only deduct the expenses.

First of all, thank you for your personal opinion/recommendation/assessment.
Single-family house - desired data:
Living area: approx. 120-140 sqm - 4-5 rooms - of course without a basement
Plot: approx. 400 sqm
A semi-detached house would also be an option for us that we would consider. We can also very well imagine buying an existing property. However, the market is currently empty.

What can you set aside at the moment, and how high is the current rent?

You should definitely save at least the incidental acquisition costs! And if there is nothing left over now... the project will definitely not work.

At the moment we can put aside about €800 for equity.
We save another €500 for:
Car, insurance, CHILDREN , repairs, etc.

Maybe not a classic single-family house but a semi-detached house. In our street, one half of a new building is being sold for roughly 350k and one is rented out.
But your income is very low for that. Are you from NRW? Because of chemistry. Then you also pay nasty daycare fees. Child benefit does not count as income.

As mentioned above, we can also imagine a semi-detached house. No, we come from RLP - near Ludwigshafen. Luckily, we do not pay daycare fees.

What do existing properties in your area that are suitable for you cost? Ideally broken down by purchase price and renovation.

That is unfortunately hard to say, as there are not many for sale. But I also have to say that I have not been watching the market long and I am still a beginner in the area. I believe that when buying an existing property + renovation, one comes to the same total value as if we were to build.

400,000 € for construction is within the budget.

But I don't see anything about the land anywhere.

The costs come on top of that. And the problem right now is first to find one.

if you don’t have any existing properties with you, then surely no building plots either, right? How much does a square meter of building land cost with you?

Best regards
Sabine