Financing single-family house construction approximately 140 sqm

KFW 300 has income limits (according to the KFW website, it should be €100,000 household gross with 2 minor children), which are exceeded here. I do not believe that KfW 300 can be used.

Nevertheless, I consider this very feasible under the circumstances, even without KFW 300.

From the terminology used, it also sounds very much like an established psychotherapist or doctor - so the job risk is rather manageable, which has been very positively appreciated by the banks in my environment at least.

KFW 300 has income limits (according to the KFW website, for 2 minor children this should be a household gross income of €100,000), which are exceeded here. I don’t believe that KfW 300 can be used. Nevertheless, I consider this very feasible under these conditions, even without KFW 300. From the terminology used, it also sounds very much like an established psychotherapist or doctor to me – therefore, the job risk is rather manageable, which was positively recognized by the banks in my environment at least.

Thank you, I was told that the penultimate and antepenultimate tax years (currently 2021 and 2022?) are looked at on average, so the tax assessments are reviewed retrospectively. At the same time, I am writing off the old practice acquisition and my wife is on parental leave – accordingly, the net income is not immediately visible on the tax assessment. Exactly, working under statutory health insurance. This is expected to remain the case with the new practice acquisition for €80,000, as the investment can usually be claimed as a deductible expense reducing profits.

I just checked again:

The income of your household may not exceed 90,000 euros for one child – plus 10,000 euros for each additional child. Household income is defined as:

[*]the taxable income of the applicant and, if applicable, the spouse or life partner or partner from a marriage-like partnership or their spouses or life partners living in the future household
[*]the average income of the penultimate and the year before last (for applications in 2023, the average of 2021 and 2020)
[*]the income stated as taxable income in the income tax assessment notice

On this basis, we should receive KFW300 (provided the fund is not empty by then).

although you are no longer the youngest among the home builders

That’s true. According to Dr. Klein, at the start of construction almost exactly average. Ultimately, I wasted a few years of study and subsequently completed a very long degree during which I couldn’t build up significant savings. I have only been earning serious money for a few years.. we briefly had the idea to build in 2019, but then somehow abandoned it. My wife was also very young at that time and somehow we had other priorities.

I believe the mortgage rate in retirement would still be more relaxed than rental prices in 35 years.

Just a quick interim question regarding the practice takeover. How are the 80k to be understood? Is that the overdraft for ongoing costs? (Personnel and time until the first advance payment from the health insurance) if not, I would rather consider investing the money in the house. Because you can deduct interest on the practice, but not on the house. Alternatively, an etf (a world etf or similar) would also be an option, as over longer time horizons the etf return is greater than the saved interest on the loan.

Just a quick intermediate question about taking over the practice. How are the 80k to be understood? Is that the current account for ongoing costs? (Personnel and time until the first advance payment from the health insurance) if not, I would rather consider investing the money in the house. Because you can deduct interest on the practice, but not on the house. Alternatively, an ETF (a world ETF or similar) would also be an option, as over longer time horizons the yield of an ETF is greater than the saved interest on a loan.

Practice takeover costs primarily include the intangible practice value (patient base, waiting list, "goodwill") as well as furniture (ultimately, it is partly just the access to the contract medical care mandate, which is strictly regulated in closed planning areas). I need to get advice on this and have it calculated - the interest would be higher than with subsidies but indeed deductible.