House and property €284,000 financeable?

My post was not responded to, but have you ever kept a household budget for a few months and saved equity instead of putting it into the car?

Or is money saved and immediately spent?

then come to Frankfurt

So it now costs 900 here as well in the deepest eastern German sticks, at least if you rent a new apartment.

Hello,

we are currently in a similar situation. (Woman 29 and I 30)
Net income totaling €3600 (woman is a civil servant)
House + land + additional costs - own work - equity = approx. €350,000

The broker from Wüstenrot created an offer and also played a lot with our numbers. We wanted to mostly dispense with outdoor facilities when building the house and invest later in own work. But now we have stated €14,000 with €9,000 own work and thus move away from our over 100% financing.

First offer is €1030 at 1.55% over 10 years. The offers from a week ago with the same conditions were all still at 1.87%.

Considering our expenses, it would definitely be doable. In the worst case, after deducting the loan installment and additional costs, about €800 would remain per month.

If I were you, I would save for a few months first and see if you can manage it at all. The nice side effect would be that you at least build up some [Eigenkapital]. That provides security in case it doesn't go exactly as planned in the end.