Financing project of a single-family house with hurdles and building blocks

How does the desired rate come about? The 670k debt (500+200-30 (self-saved in the building savings)) would mean an annuity of just under ~3.6% with a desired rate of 2000€... You yourself said that you might be able to achieve a mixed interest rate of 3% with all the building blocks and stuff around it, that would mean a starting repayment of 0.6% and the banks will not do that, especially since KFW and building savings currently require high repayments.

I mainly see:
* look for a cheaper project
* see if a higher rate would work / check household budget
* wait and save more equity / hope for lower interest rates
* possibly move in first without renovation and postpone that part completely

Regarding the last point: You mentioned that you could imagine possibly increasing the rate later (possibly significantly) or making higher special repayments. Possibly, a part of the costs could therefore also be deferred to later.

The desired rate arises due to my wife's need for security and possible high additional costs (we calculate about 500-700 euros monthly). In your above calculation, a part of our equity, which we plan to use (i.e. additional costs equity and 50k), is still missing.

I mainly see:
* look for a cheaper project this is where my negotiation skills come into play - try to push down the price of the existing property
* see if a higher rate would work / check household budget yes, it would, but we don't necessarily want to
* wait and save more equity / hope for lower interest rates yes, possible, however we think this could be the almost perfect property for us
* possibly move in first without renovation and postpone that part completely since we want/need to renew a lot, I imagine that to be difficult. Sounds harsh, but I won’t pay so much money and then live in a construction site. Then I would rather not do it at all (this is not meant to sound arrogant, just my opinion)

* possibly move in first without renovation and postpone that part completely since we want/have to renew a lot, I imagine that to be difficult. Sounds harsh, but I won’t pay that much money and then live on a construction site. I’d rather skip it entirely (not meant to sound arrogant, just my opinion)

I know, I’m really sticking to it, but if you keep cutting down the renovation costs (above you’re already talking about <200k), you won’t be moving in fully renovated. Not without significant personal effort. Says the one who currently lives part-time on a full construction site (I still have an apartment at my workplace) and who is spending well over 200k on the renovation ;-) with a lot of personal effort...

I know, I’m beating this topic quite a bit, but if you keep cutting down the renovation costs (above you’re already talking about <200k), then you won’t move in fully renovated. Not without significant personal contribution.

That’s why my question about the "base price" of the property – its valuation (from a subjective point of view) is clearly dependent, in my opinion, on the scope of renovation. And for a building year like this, that can potentially be large; I also don’t see the max. 200,000€ being sufficient given high standards. To compensate for this under today’s conditions, the price has to come down accordingly.

I also mainly see: * look for a cheaper project here my negotiating skills come into play – try to push down the price of the existing property * check if a higher installment would be possible / review household budget yes, possible, but we don’t necessarily want to * wait and save more equity / hope for better interest rates yes, possible, but we think this might be the almost right property for us * possibly move in initially without renovation and postpone that part completely to later since we want/need to renew many things, I imagine that to be difficult. Sounds harsh, but I’m not paying that much money to then live on a construction site. In that case, I would rather leave it altogether (not meant to sound arrogant, just my opinion)

Look at how high the installment could be to manage the project. The expert will definitely give you a lot of input there. That is certainly also a lever on the price.

The last point is relevant in my opinion – to spend 2500-2700€ on living expenses implies a high household net income. That is also needed to somehow implement this project. Conversely, the opposite also holds – would someone spend comparatively that much money for a rented house in the same condition? Especially considering energy costs?

How is the realtor acting? A second visit with an expert is already something you couldn’t do “in the old days.” Maybe that provides clues about the negotiation position. 10%-15% less on the listing price on the portal is no longer unusual nowadays. What’s your estimate there?