Financing a relatively expensive dream house - would you dare?

You never have security. And since you are self-employed, you know the risks. Go for it. If it is your dream house, you will regret it if it is gone or worth €1.5 million in 10 years.

If the house is really worth the amount, then go for it! If you're unsure, invest some more money in an appraiser.

If it comes to a bankruptcy, the house still has value and can be sold again if the market in your area allows it.

If your numbers are correct, you can still easily set aside 3000,- monthly. I would always invest a certain part of that into special repayments to get the interest down as quickly as possible. At the beginning, it's still about 8000,- per year, which is not exactly little.
And maybe consider whether you want to put in a bit more equity. You have to look at the bank's loan-to-value limits. It may be that with a bit more equity, you fall under a threshold and get a somewhat better interest rate. You are basically putting in 20% equity. If you now also finance the additional purchase costs, you might get a loan-to-value ratio under 80%. That could have an effect. And that becomes noticeable over the many years and with that amount. If in doubt, you can quickly get back into your comfort zone with your savings rate.

Of course, only take on the project if you don't see any major risks of income loss at your job in the near future. Only you can assess that.

Almost anything can be independent. Are you an entrepreneur too? Then do something.

Thank you for your contributions!

I tend to consider as many eventualities as possible - as best as I can - including the worst case. In the event of bankruptcy, it obviously makes a difference whether you have a €1,200 installment or a €2,300 installment to deal with. I have to live somewhere anyway - with my partner. Assuming I could get out of the situation without private insolvency, I can definitely manage a €1,200 installment (together). With €2,300, things get dark much faster. And in the case of private insolvency, everything will go to pieces anyway. Maybe I’m just being too anxious.

Of course, you can sell the house if necessary - but with prepayment penalties, etc., it’s no fun either.

The "reason" option would therefore be a cheaper house. We’ll see, maybe that will take care of itself - there seem to be a number of interested parties - if they really start bidding up, I’m out anyway - you have to set a limit for yourself and then stick to it. Actually, it’s already above my "comfort limit" right now.

In case of bankruptcy, it of course makes a difference whether you have a 1,200 euro installment or a 2,300 euro installment on your back.

No, it doesn't. Then you’re baking small rolls anyway and should switch to a smaller house. Because on top of the “small” installments come the very high additional costs for the big and expensive house.

Sure, you can also sell the house in case of emergency – but with prepayment penalties etc., that’s no fun either.

That is the least of the problems in insolvency.

The "reason" variant would therefore be a cheaper house.

Then you will never get your house. The "reason" variant would initially mean giving up self-employment (and taking an employee job in a very secure environment) and only in the second step a cheaper house.

Actually, that is already above my "comfort limit".

That is so far the only argument I accept

Yes, just do it. Besides the 200k€ you put into the house, you even have another 100k€ left, which in the event of a company bankruptcy can help settle everything else. I don't think that in the case of a forced sale of the house you will end up with debt from the matter. You have enough equity for that. I therefore perceive the risk as very manageable. How vulnerable the company is to bankruptcy you will know best yourself. Also whether the bankruptcy is an immediate threat every day, or whether it is a gradual process that can be anticipated over months and years.