House construction 2024, affordable with little equity?

Together with ETFs and the property loan, we currently end up with a savings rate between 1600 and 2400 euros depending on the month

So on average 2000€ per month? You spend 3000€ per month? What for? Your list doesn’t show that. Anyway, subtract another 1000€ for children and part-time work and you’ll see that you can’t afford a house like that. Reduce expenses!

Hello! I would advise you to simply go to a reputable bank and get advice. It is also important to consider whether you both actually want to continue working full-time when you have children - in rural areas, this is not possible here alone because of childcare hours. We planned the loan so that one person can continuously work part-time. I hear from many who built 5-10 years ago that they wouldn't do it at those prices now. However, they also haven't looked for or lived in a rental apartment for 5-10 years. I know several couples who are currently building with a similar income situation as you, but already have children. Your (good income) situation certainly does not rule out building, but because of the current uncertain interest and price situation, probably no one can tell you exactly. Besides everything, it is important not to forget additional construction costs.

Good luck!

Thank you all already for the constructive feedback! :) I hadn’t mentioned that the shell construction has to be completed by May 2025. So waiting 3-4 years is unfortunately not an option; construction needs to start at the beginning of 2025, meaning financing must be arranged in 2024.

That of course makes everything a bit more current. Nevertheless, it is difficult to make a prediction. In the next few years, everything is possible—from a further price explosion in construction due to the gas embargo and heavily subsidized renovations to a severe recession with collapsing demand and falling prices. I would let the whole thing rest for two years and during that time pay down as much on the property as possible. I would definitely consider the €2500 per month as a target. And then just see at the beginning of 2024 how everything has developed. Then you will also see whether you can maintain such a savings rate at all or find it a major restriction.

Hello, new construction is a dream now and also in 3-5 years as long as the conditions remain the same.

Your incomes would have to rise significantly more than the price increases. The issue of children also speaks against it. You are too "poor" for new construction and too "rich" not to own property. Most likely something like a condominium.

Thanks to all of you for the quick responses here! :) First of all, of course, a bit sobering to see, but it is what it is - if it doesn’t work out, it doesn’t work out. If it does, it’s great. At this point, I’d like to invoke the lottery god, as miracles are known to happen from time to time.

: In my list above, I actually come to just under 3000 euros/month for rent + utilities, car + groceries: 600 + 75 + 150 + 220 + 290 + 90 + 20 + 250-350 + 50 + 100 + 80 + 25 + 700 + 50 + 100 = in total approximately +/- 2,850 €.

Hello, new construction is a dream now and also in 3-5 years as long as the conditions remain the same.

Your incomes would have to increase significantly more than the price increases. The issue of a child also argues against it. You are too "poor" for new construction and too "rich" not to own property. Most likely something like a condominium.

I’ve actually thought that before too – too "poor" for new construction and too "rich" to not own property, quite a fitting sentence (unfortunately). :(

@Tassimat: In my list above, I actually come to just under 3000 euros/month for rent + additional costs, car + food: 600 + 75 + 150 + 220 + 290 + 90 + 20 + 250-350 + 50 + 100 + 80 + 25 + 700 + 50 + 100 = a total of about +- 2,850 €.

Ok, the little things do add up quite a bit. Still, you should look at where you can reduce costs. With 95% home office, maybe even get rid of a car. You pay 1000€ for two cars. By getting rid of, I don’t mean replacing it with a company car. Better more salary instead of a company car.