Financing new construction project with average income

What I noticed is that mobility costs will increase quite a bit after moving into the house, and I miss an item "savings for a new car".

That’s true, honestly, we have to see how it goes at the beginning and what can be set aside. We have the advantage of still receiving an additional €350 monthly, tax-free. This amount is not yet allocated. The planned reserves for the house can also initially flow towards mobility or a reserve for a new vehicle in the first few years.

Hello, if children come it will get tight. Otherwise nice equity, self-saved?

That’s clear, children are always a point to watch and see how it goes. But we will manage it as well. The equity is self-saved, except for €50,000.

In general, as some have written above, you obviously can’t assume a salary doubling. Sure, smaller increases are possible through more responsibility, but nowhere near like in the private sector. Nevertheless, the salary is plannable, increases through step raises, and annual increases are also possible through collective agreements. For my part, I can say that we have lacked nothing so far, and I am glad to start the project without major worries and fears regarding the financial situation. If I were to rent an apartment of about 100 sqm here in the region, we would also be at about €1300 warm rent (without garden). In the house, with €1500 + additional costs (about €400), I pay a large part into my own pocket – but of course, bear the full costs for maintenance. Everything is absurdly expensive, but as long as you know your priorities, it is a great privilege nowadays to be able to build a house. The only downside is buying/building at current high prices. While I don’t expect the house to lose significant value, the future will show whether this real estate bubble will eventually burst and our houses suddenly become money pits :D

We are building with similar total costs to you, just without a basement but larger (175m2). I would say the loan matches the income. If the parent on your side wants to switch to [LK III] beforehand, they would also receive the full parental allowance of €1800 and then it would work.

We are building with similar total costs as you, just without a basement but bigger (175m2). I would say the loan matches the income. If the parent from your side wants to take it and switches to LK III first, they should also get full parental allowance of 1800€, and then it will work out.

Unfortunately, the white tub swallows quite a few costs; an alternative would have been to raise the plot, but that would have meant higher costs for the outdoor area due to a raised terrace, more support, etc. In the end, it probably evens out. Thanks for the tip about LK III; we have already heard that from some acquaintances and will take it into account.

Furniture, lamps, decoration for 4000 is way too little. But it doesn’t all have to be at once :cool:

Furniture, lamps, decor for 4000 is way too tight. But it doesn't all have to be at once :cool:

Too tight is relative, I think you'll never really be finished anyway :) We are already moving with an existing household, some things will be new. I remember from the last move, it also took quite some time until the last lamp was chosen. Besides, I am not unskilled with crafts and want to build many pieces of furniture myself, as some things in the current apartment were also self-made. That also takes time. I find it really exciting that people spend thousands of euros on, for example, wall units or sideboards. For us, over several years, eight fruit crates served as a base for the TV :D But fortunately, everyone can and should decide that for themselves.

I find that, especially through the logical presentation, existing offers, and the realistic view of the costs, everything looks very feasible. I do not share your concern regarding the 100k at the end in 30(!) years. 1. You can increase the repayment rate with salary increases and 2. there is also the possibility of reaching a higher pay group through qualification in the public sector. True, things look better at SAP and many people earn more. On the other hand, there are no worries about Corona, short-time work, etc. In the profession, as everywhere else, one can say: security costs money.