House building - Is it realistic?

Actually, our plan says that we can easily afford it (even now). But THEN there would be no more saving. In recent months, there have also been some special expenses that we basically paid from the current account and not from the savings. I think that distorts the saving potential subjectively.

My husband assumes that he will find a job again. If necessary, a 400€ job would also be an option, and I could work full-time to reach the 4000€ we are aiming for.

Currently living in NRW, sorry.

Hello!

So, land given as a gift = you haven't even saved for that...

Sorry, but if you are already saying that you can't save under these circumstances, then please just don't.

1. The construction sum seems too low to me
2. If you (still) borrow more, you won't save at all. A new build also comes with incidental costs. If something goes wrong, it gets more expensive, and so on. How do you want to pay for that if there are no reserves?
3. The same for 2 if you have built. You should be able to create reserves, not just for the house but also for other purchases. Washing machine and so on.
4. Another child costs money. In your case, probably private health insurance as well
5. Your husband first has to look for a job. So no money coming in yet? Hmm
6. You will probably have difficulties finding financing anyway. We had a case where my wife was on parental leave and received very high parental allowance. Many banks want to exclude that in their assessment.

Good luck

Help, help: I did write that we can only not save if we calculate about €900 installment for the house with the income of €3600. But that is not forever. My husband will definitely work again. And if necessary, just €400 and me full-time. The PKV will even decrease by 20% with another child. The child is in the GKV with the father.
Regarding what we have saved so far: we both studied, that costs money?! I believe hardly anyone has the opportunity to save much then. Still, we had some. But that went on several things. For example (as already written) €23,000 for car A, €4,000 for car B, €7,000 BAföG, €6,000 wedding, many purchases for the baby.
How do all the others pay for that?
At the time of building, we will definitely have an income of €4000. Another child can only come when my husband works and I go on parental leave, so that we come back to about €3600.
But those are only short phases considering the total term?
With €4000 we can easily build reserves again.
Or am I way too naive???
Regarding financing: I am a civil servant. And with €900 plus additional costs, I will probably reach the already often mentioned 40%. And we have the plot and about €20,000 in a daily money account currently. That has to be possible?!

I can only agree with saving for several months with the planned rate and see if it fits. You have to keep in mind that the additional costs will be higher and you can’t budget to zero; you always need to be able to set something aside for when the washing machine breaks down, when the car needs repairs in 5 years, or when something bigger is needed for the house in 10 years. Land and ownership also continuously cost quite a bit – you have to pay for every repair and maintenance yourself. It could work, but it can also go completely wrong depending on how you handle money otherwise (expensive or cheap clothes, discount store or organic shop, restaurant three times a week? etc. etc.). How do others pay for it? My wife and I saved more equity alone by the age of 30 with less income than you are initially aiming for in a house (>200k). Just a cheap wedding, used car, and never throwing money away anywhere, but for example, we were never the type to spend 100€ on a night out at a bar or something like that...

Uh... Ok. That's a good tip about trying things out.

But I'll say it again.

If 40% is targeted as repayment including ancillary costs, that would be even 1440€ from 3600€. We're still far from that, even if we take the ancillary costs for a home into account.

If we both go back to work, everything would be totally relaxed (apart from the fact that we will probably both go back to full-time work at some point...).

Where do YOU see the risk now?

Thanks, by the way, for the assessment of the house costs. We can probably also live with 130sqm.

As far as I know, the 40% is the limit that should not be exceeded. It is not the desired value. I wonder anyway how they came up with that value. Assuming 2 people work and earn about the same amount, a loss of income would quickly turn 40% into 80%! We ourselves are still at the beginning, don’t have children yet, but at the moment we want to spend a maximum of 1100€ as an annuity on 4800€. That is just under 23%. If I set 40%, that would be almost 2,000€! In my eyes, that would simply be way too much... But due to my lack of experience, I am simply too naive in advance. But I also once simply estimated 160€/month for heating and hot water in a cost breakdown for the future house

I only see the problem of the 200,000 TEUR for a house. That somehow doesn’t seem feasible to me. Otherwise, it’s a matter of priorities. You can pay off the house... only for the vacation in DomRep (example) it then simply becomes too tight. Since lifestyles are individual, it could quite well work out if one is willing to cut back for a few years