Financing for new construction: realistic or rather wishful thinking?

I cannot understand how someone can ruin themselves financially with a house.

Referring to the use of equity and the associated loss of financial freedom.

I have paid off my house, paid off my car, and have no further _credit burdens. I now have good six-figure savings and I feel very comfortable with that. I have a normal lifestyle and can basically afford everything.

If I lost my job tomorrow, I wouldn’t care.

Based on experience, a lot can happen during the 30-year financing period of a house. Life doesn’t always go smoothly. Family, health, or financial problems can arise at any time. You should never forget that. The pressure of making your monthly payment should not be underestimated, and 30 years is a very long time.

And whoever carries half a million in liabilities on their back should have a few thousand in reserve and should get out of the habit of counting in hundreds.

12 days of summer camp for our child also costs almost 1000 euros. An awning for the terrace is also 4000 euros, and the wife sometimes buys beef steaks for 100 euros. The hourly rate at the car workshop is also nearly 200 euros.

So even if wages rise a bit, living costs also rise. And 400 euros operating costs for a house is a very, very optimistic estimate. I always calculate about 1000 euros a month here.

I can’t understand how someone can financially ruin themselves so badly with a house.

Do you mean Altai? She hasn’t ruined herself at all, what nonsense are you talking about? I live quite frugally just like Altai and spread my luxury over well-considered things and activities that are important to me. Honestly, that’s quite healthy too. There is definitely a limit below which it becomes a stressor. But simply not always being able to do everything, moving more slowly through your own city without a car, and appreciating the smaller things would do many people good. A limited budget ensures that you can find a different kind of quality of life. That’s how it happened to me, in any case. In my profession, I couldn’t even build six-figure savings. That you can is great for you. Don’t forget that society made that possible for you. Among other things by deciding that other professions are paid less. I hope things turn out well for Altai and the child. If you mean the OP with the quote, then I basically agree. I would definitely not build on the property, whether small or large. That would be too big (and too expensive) for me if it has to be calculated so tightly. But there is nothing wrong with calculating tightly, and it doesn’t necessarily cost quality of life.

Then the support from my parents would come on top, so it would be more than just the €1750.00. I only calculated that for us. We have thought that we might roughly have €1,850.00 for the construction project. Exactly, we have the costs well in view, including everything that comes along on the side.

That way your planning looks significantly better.

To me, it all sounds solid – so your basic ideas are not wrong.

Very few people build a house and are at peace with it for 30 years without any "fear" of setbacks.

When you tie yourself to a loan for 30 years, you will always have a few sleepless nights...

But it’s simply better if the monthly installment is manageable and everything is not stretched to the limit.

And 400 euros operating costs for a house is also calculated very, very optimistically. I always calculate about 1000 euros per month here.

Operating costs of 1,000€ per month? Why do you "calculate" so high – when 1,000€ can practically never be reached in monthly operation for a single-family house. OK, 250sqm old buildings with energy efficiency class H and oil heating, yes.
We don’t even manage the 400€ per month with 200sqm similar to new-build.

Operating costs of 1,000€ per month? Why do you "calculate" so high – when 1,000€ can practically never be reached in monthly operating costs for a single-family house. OK, 250sqm old buildings with energy efficiency class H and oil heating maybe. We can’t even reach 400€ per month with 200sqm new-build-like houses.

We have a new build of 220sqm:

150€ electricity (including heating) 50€ water 50€ garbage 30€ property tax 60€ insurance 40€ internet+TV 15€ broadcasting fee

As you say... 400€ is well calculated (but then things like the broadcasting fee are included, which don’t really count as operating costs)...

That is already extremely cheap for a new build.

appreciate the smaller things, that would do many good. A limited budget ensures that one can find a different kind of quality of life.

Simply quoted like this, so it doesn’t get lost in the text. So important. So true.

Of course, we’re talking about people whose budget limits might still allow for a house purchase.