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

Sorry if I'm being a rain cloud now, but I don't see how 750,000 € is easily financeable when there are children involved. We have almost the same net income, had a toddler when we bought, and with equity of 60,000 euros, the banks stopped at 500,000. That was 5 years ago.

The 750,000 € is of course only realistic if we manage to save the targeted 200,000 € equity in 3 years. Of that, we would contribute ~150,000 € to the financing and use the remaining money for the furnishings, which of course should not be financed. Naturally, there are things one can do without at the beginning, like a finished basement, garage/carport, or immediately buying new expensive furniture for the bedroom, etc.

Here there is supposed to be more equity ... if the timeline works out.

But if they want to buy the land now - or during the course of the year - and the house is supposed to be built in three years, then it is still a financing amount that I do not see with the current development.

But if they want to buy the property now – or during the year – and the house is supposed to be completed in three years, then it is still a financing amount that I do not see with the current development.

I roughly based myself on the financing calculator from Dr. Klein as well as my last financing discussions. Last year, I wanted to finance a condominium as a capital investment. I was told there that you can roughly calculate with net income X 100. Furthermore, I orient myself on 33% of net income for housing costs. Thus, with €2,000 per month, it would be the limit if I fully exhausted these 33%. With a loan of €600,000 at an annuity currently roughly 3.3%, that would at first glance fit, including additional costs. Maybe I am also making a serious mistake in my calculation here?

Amazing how much you save, even though only the car and vacations have been or are supposed to be cut. And that despite this "only the best is good enough" mentality always shining through. It comes across to me a bit like that, sorry. But why not waste money on meal kits, annual iPhones, etc. if the income allows it. You don't have to live ascetically like a monk :)

The account in three years will show how much you really managed to save. I'm keeping my fingers crossed.

Yes, but for safety's sake calculate what is still possible if you only have 1.5 salaries available due to childcare. You are planning over 10-20 years under your current ideal conditions [Double Income No Kids]. In my eyes, that is unrealistic.

Yes, but just to be safe, calculate what is still possible if you only have 1.5 salaries available due to childcare. You are planning over 10-20 years under your current ideal conditions of Double Income No Kids. In my opinion, that is unrealistic.

"In 5 years maybe one, at most 2" The child may not come for another 10 years. I would also plan here initially without children. And if a child comes, there may already, sadly, be the first inheritances. :-(