Financing volume 410k € Feasibility assessment

So, if you were in our place, would you rather decide against building a house?

No. But before breaking ground, a properly calculated plan for (in my opinion) the finished property is necessary and not just a cost estimate.

You also don’t have a loan offer yet.
Question 1: What amount will the bank actually finance for you and how does the situation look with children then? Repayment reduction?
Question 2: What kind of house do you get for the (so far unknown) amount approved by the bank?

Our problem, unfortunately, is that alternatives are lacking. We need more space in the long term than in our rental apartment, condominiums practically don’t exist, existing houses don’t even come on the market and if they do, at incredible prices, at which one, yes I know, that’s always said like that, but it really is so, could also build new… Reasonable rental apartments are very rare. And that despite living in the countryside and the nearest big city being around 100 km away.

Real estate is currently scarce and expensive everywhere.
But a new build also costs more than you think at the start of planning.

PS: Isn’t the future builder already 33? :D

Question 1: What amount does the bank actually finance for you and what does the situation look like regarding offspring then? Repayment reduction?

Have you already been to the bank and asked, ?

We are currently financing 400k with a very similar income to yours. Since I was pregnant when we signed the contract, we are currently repaying quite little; when I go back to work, the rate will have to be adjusted accordingly. At the moment, however, there are no problems (even with a toddler).

What I also want to give you as advice:
We have precisely determined and calculated our income and expenses over two years to see what is possible, which nowadays can be done very easily using online statements. It gives you a more secure feeling about the numbers.
We have also calculated how much money we will have monthly during parental leave with one and two children; this can also be predicted reliably. It gives an even more secure feeling.
And finally: Build with GU and first see what it will really cost (contractually, not estimated); only then can you definitively say how realistic the build is for you. Our house has 130 sqm of living space, no basement, and no garage; we already had the plot, so it is not included in the 400k (!).

Otherwise: Don’t let various doom-mongers here unsettle you if everything mentioned above fits.

Otherwise: Don’t let various pessimists here unsettle you if everything mentioned above fits.

No one is being pessimistic here. Your points are good – unlike yours (!), nothing was communicated. Also, your example with the note about no basement and no garage, but still a comparable financing with existing land, should make @HansDampf8 consider that the construction sum is not adjusted.

Our house has 130 sqm living space, no basement and no garage, we already had the land, so it is not included in the 400k (!).

I think it is desirable to start with the house so early, but it becomes tight with the children. Besides, I would do it without a wedding/contract.

So, that doesn't sound very optimistic to me. Just as an example. But, yes, in the end, reliable figures on construction costs are needed – before that, even the OP in person cannot estimate whether the house is affordable.

No. However, before breaking ground, a properly calculated plan is needed for (in my view) the finished object and not just a cost estimate.

Also, you don’t have a loan offer yet.
Question 1: What amount will the bank finance for you at all and what does the situation look like with offspring then? Repayment reduction?
Question 2: What do you get for the (so far unknown) amount approved by the bank for the house?


Real estate is currently scarce and expensive everywhere.
But a new build also costs more than you think at the beginning of planning.

PS: Isn’t the future builder already 33? :D

So we would get the amount financed. The rough conditions are also known. Change of repayment, special repayments, 10% reduction of the volume if less is needed after all, too. But we want to repay properly and not overburden ourselves. That’s what this is mainly about for me.

No, I just banged the 88 on the keyboard. It has no background.