General questions about house construction / house purchase

I work for the city and am, so to speak, a 'civil servant'.

In the public sector, there are two worlds. The civil servants and the employees. And yes; with most insurances, etc., the employee in the public sector also gets discounts. But you still remain only an employee.

Since we don't keep a household budget yet, I can't give precise information on

A household budget is always good; you sometimes experience one surprise or another.

The car is unfortunately also one of the dumbest things I’ve ever done, since it - if at all

Would you not want to move a bit further out? For a woman with a child without a car, it’s already somewhat more difficult.

How much of an installment would you recommend with the money approximately?

At the moment, only the cold rent + 250 minus €2.50 per sqm in operating costs for the building would be doable.

Equity is also available, but I can’t give exact amounts because there are 5 contracts, all of which are different - hence the question about the installment.

Five contracts mean five pieces of paper that arrive once a year at your house or your parents’ place. You don’t have to memorize the exact cents, but you should have all the amounts before the comma ready.

The question of how much equity there is is actually the most fundamental. So go and find out.

And what about the money you save every month?

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New construction cheaper than existing buildings? How do you come to that? New construction is ALWAYS! significantly more expensive. Of course, you must not compare existing buildings in good locations with new construction in bad locations. If the location is similar, new construction is considerably more expensive! Period.
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I unfortunately have to disagree now. My own experience within a 50 km radius around Frankfurt, Stuttgart, Munich, Augsburg, Darmstadt is quite different. For a long time, I looked at several used single-family homes under 300,000 Euros each month. Most of them needed a major renovation or at least the mandatory replacement of heating and other installations. And then they became very expensive if you comply with laws. And the few acceptable houses were immediately sold, usually still on the weekend of the first viewing.

That's why I am now planning a new build myself.

It apparently is true that most people build new at a much higher cost than the pure purchase price of existing buildings. But in my experience, the offered old buildings almost always have a backlog of renovations. And if you have that fixed for 100,000 - 150,000 Euros (cost estimate, legal), then the old single-family house suddenly becomes more expensive than a new prefabricated house.

If anyone knows an existing single-family house under the above-mentioned conditions in the condition of a new cheap prefabricated house – I will take that immediately. Message gladly by PM. Broker fees on top would be OK. Serious inquiries only.

But in my experience, the offered old buildings almost always have renovation backlog. And if you have that fixed for 100 - 150 thousand euros (cost estimate, legal), then the old single-family house suddenly becomes more expensive than a new prefabricated house.

In the current market situation, the overlap between "houses you want to buy" and "houses offered" is very narrow and requires quick liquidity. Real estate bargains can be found, but only on the golf course (at the divorce lawyer).

Yes, that is indeed the case. Even here in the countryside, interesting houses sell quickly without public marketing.
My new project was only listed relatively(!) long due to renovation backlog and a small kitchen and bathroom.
Fortunately, these are two things that personally did not bother us much.
Two streets away, the building land in our plot size already costs more than half of our entire house. And our new one has three garages, a completely well-maintained property, etc.
And the renovation can only be done at a reasonable price through a lot of personal effort and craftsmen from the circle of friends (also legal).

However, I find it difficult to directly compare old and new buildings. Today's standards are simply different than before, and also in the floor plan, you sometimes make many compromises.

Regards Joe

My own experience within 50 km around Frankfurt, Stuttgart, Munich, Augsburg, Darmstadt is completely different.

Exactly.. and you think a building plot + new construction in this location would be cheaper???

Think about it again..

Today's demands are simply different than in the past, and compromises are often made in the floor plan as well.

Compromises are also required by the budget for self-designed plans. Most home builders have only experienced apartment living up to that point; their misjudgments about what constitutes a functional floor plan can be further from reality than what other people have built and renovated to this day.