From 0 to 100 in 3 years realistic? | Building obligation

Every person is different, but I don't understand why someone in their mid-20s would want to tie themselves to a house for such an amount that leaves no room for maneuver. To suddenly give up all travel - even as a family? - and to rely on things working out with the children and salary increases, just to build a 200 sqm house with top features? If it’s not perfect, then it would be better not to build at all? Houses are never perfect forever. Life can hold costly surprises. I would buy the plot and build a nice house. More in the range of 140 sqm, well planned. Not a perfect house for all times. You can always upgrade, expand, or sell later if something else comes up. And keep saving in parallel. For your own future, for the children, for travel, for the house. Don’t put everything on one card. And regarding the development obligation, it is implemented mercilessly in our region. If you don’t build, the plot goes back to the municipality at the purchase price minus processing fees. Buyers have sued against this, but without success.

Saving now, while the standard of living has not yet adjusted to the higher salary, will definitely be easier. But be aware that - based on the current salary - with the desired house you will not make other big leaps for a very long time. Needs can also change. It is also worth reflecting on why one can live well with "little," but the house is supposed to be a big place with all the bells and whistles. I already wrote recently that if I had built in my mid-20s, it would definitely have turned out badly. You’re never really safe from that, of course, but for example building a house for four people in advance, even though nothing is in the pipeline yet, simply doesn’t make sense. It might remain empty, and then? I had a case like that among acquaintances, they moved out quickly because it was too stressful. It’s like holding the first positive pregnancy test in your hands and then running off to swap the Golf for a Passat. You might need it. I would also pay off the house properly at the beginning, without children, and “force” it through a correspondingly high rate, at least for about 5 years. The building obligation in the stated formulation would not cause me any stress. If there really is zero activity, they take it back, but as soon as a shell is standing, expropriation is hardly likely... In our case it was formulated more strictly, namely in stages. X months until the building permit, x+y months until construction start, etc., although even there nobody intends to continuously cancel old sales and market again. The purchase price must first be refunded (unplanned), and the treasurer really doesn’t like that, as they live with fairly rigid annual budget plans.

I'll say it straight, "no decent food, jeans from the 2010s.... but a house with upscale standards + basement" somehow don't go together. A monthly savings rate of a constant €4300 doesn't work in theory - and it doesn't have to. Live, save normally, and start planning slowly now. Consider wedding, child(ren), and expenses that you don't even know exist yet. A house is not just a bigger own apartment. As I said, you can plan the homeownership project, but not with these constraints. It won't be fun in the long run if I "have to" eat the 15-cent discount store roll instead of a tasty 50-cent one from the bakery...

If the house is allowed to cost up to 750,000, we are talking about approximately 200-250 sqm of space.
Why does it have to be such a palace right away?

Well, I don’t see a palace there.
750 all in
- 150 land
- 80 basement (home cinema)
- 100 earthworks, soil disposal, utilities, outdoor facilities, kitchen
- garage/carport

Some things are generously rounded up now, but for the house itself there remains a budget of about 400-450. Building in BW is expensive, near Stuttgart even more so. 3000€/sqm is certainly not set too high. So the result is a house with 130-150 sqm.

The purchase price is planned to include the land. I am aware that the basement is a cost driver. However, from our point of view, it would be important. On the one hand for storage space, on the other hand I have personally dreamed for years of having my own home cinema. I have to say, though, that I would like to save for another 1-2 years to ultimately be able to afford the perfect house for me/us.

The problem is that the basement really hits hard. Basement itself, earthworks, soil disposal (near Stuttgart all landfills are full due to S21), filling with gravel. An extra 100,000€ just for the basement is quite realistically calculated and you have to ask yourself if it’s worth it. Especially since, in an honest calculation (see above), you can’t actually build as generously as it seems.

For me, it is a kind of test of endurance in the partnership. You give up old habits (vacation) to build. For many, it is a drastic cut and could also mean the end of the relationship.

Regarding children & [PKV]. You already know that if you get married and have a child, it must also be privately insured. Any possible net salary must also be balanced.

Of course, your job is positive. At that age, you earn well and can expand it in the industry.

I think high savings rates are great and you should continue to proceed purposefully. It is doable. But some pitfalls are already lurking. You have high demands! Be careful that the costs do not explode even further. Financially, salary increases may come in the future. But that is not a one-way street either. Is home office permanently possible? Does the woman work in the healthcare sector in shift work, if so, is that still desired or possible with children? Depending on the region, high daycare costs. You are in a [PKV]. As cheap as it is as a young professional starter, it can hit back hard as a boomerang. It becomes extremely expensive if you have several children and possibly even have to insure your wife. In old age, you cannot get out anymore. Is she aware of all this? Do you know what a child costs in the [PKV]? Just throwing this out there as a food for thought.