Good offer for a young family? Buy yes or no

I have a somewhat different opinion. The income looks good. And in an emergency, you should be able to live with some restrictions when it comes to a house. Much has already been said, one small addition: For a house with 130sqm you pay at least 1000€ rent. For interest on 400k at 1% you pay 333€ per month. What else is there to consider? What you write, namely that the salary is secure and can only get better, must be certain.

The sustainable income (earnings €3050 + child benefit €438) is simply too low for the financing amount. Parental allowance and child-rearing allowance only last a short time, so most banks do not recognize them. If you have a craftsman in the family, the new bathroom won’t cost you €15k; it can be done for €5k. What is also interesting: how young are you? If you are now in your late 20s, I would say, ok, then start with minimal repayment and hope for an increase in value and income. But if you still feel 'young' in your early 40s, I would write off the project. Regardless, you need equity from somewhere or at least the mortgage from the parents. However, I don’t find that a good solution either, as it creates unsightly dependencies and debt, which would not be worth the dream of ownership for me.

I find that way too tight. I also think 2,300 EUR is not enough for a family of four to live on comfortably. Sure, it's enough in normal months. But what are normal months anyway? There are almost always some special expenses (insurance, new car tires, house expenses, the children's class trip). From the 2,300 EUR, you also have to save. If not for a vacation (which can definitely be considered dispensable), then for retirement provision, a new (used) car every 10 years, or something as small as a broken washing machine. Also, although the house isn't old, there could very well be some costs coming up in the next 20 to 25 years. What are those supposed to be paid from?
The interest rate won't be exactly great with such minimal equity either.

How high are your current heating-inclusive and heating-exclusive rents?
If the heating-exclusive rent is roughly in the range of the loan installment with 3% repayment, then you might perhaps dare it. If the heating-exclusive rent is significantly below that and you’re not even in your twenties, you should ask yourselves why you don't have more equity (I also hope that you’re not completely drained with the 35k, but that there is at least a roughly five-figure amount available as security). Because then, despite the (significantly) lower "cold burden," it wouldn’t have been possible for you to save substantially.

I can understand that this may be your only chance to get into homeownership. But it will be many long tight years.

I find that really tight. I also think €2,300 is not enough for a family of four to live on. ...

Seriously?? We managed for years as five with much less (about half!). I find that absolutely sufficient. No idea what the "household money" looks like in some families. However, as soon as you earn more, do you automatically spend more? And going back to lower income and lower expenses is much more difficult than the other way around.

So the money would definitely be enough for us to live on, the expectations are just very different. But it is still true that it is very tight and in such situations one should consider something like renovating the [bathroom].

However, as soon as you earn more, you automatically? spend more. And going back to lower income and lower expenses is much more difficult than the other way around.

Hi,
that's true, when I think about how much less we used to get by with + child.
There was also only one vacation a year to Denmark - but it was nice. :cool:
Still, the construction worked out and interest rates were just under double digits.
But now it looks much better, with the money from back then we would probably starve today. :)
Greetings Olli