Financing - what is realistic?

Phew, that is actually very little. I know that 3 children together consume quite a lot of money, but that also means you have around 3000 € per month in living expenses.

Even if the 200 euros were not needed for higher additional costs, you still need them at least as a minimal reserve for the house. So in the end, maybe only 500 € remains for the loan. But you can’t finance 250,000 € with that. Actually, you can’t buy a house with that at all.

And before the argument comes that you could save more now because you are saving for the house: That may be true and surely, if you make an effort,

Sorry, wrong key, I actually wanted to write something else :-)

Certainly, you can save another 100 or 200€ here or there if you make an effort, but saving 500 or more euros in the long term to achieve a somewhat realistic loan rate, I consider very unrealistic.

In short: You have a fairly high standard of living, which makes financing a house initially unrealistic.

Task: Keep and analyze a household budget book for at least 1 year.

Hello, sorry, my wife had to correct me, the cold rent is not 460 but 550 €, the rest remains the same.

Then you have, excluding higher additional costs, a whole 750 euros left monthly for loan installments... This will be a very tight situation, unless you cut back elsewhere, and believe me, that is harder than you think.

That still doesn't fit at all. The 200€ he is saving now is simply not available for the loan payment, see post above. And even if he were to use it for the loan payment: At the latest when the first thing on the house needs to be done (and that generally happens sooner than in a new building), the whole financing will collapse.

And even if he could manage 750€: With that, for the desired loan amount, he could at most afford a 1% repayment, meaning a loan term of 45+ years.

Wherever the high expenses come from, in the current situation a house purchase in that price range, let alone a new building, is not feasible.