House construction for €750,000 with an income

Hello

we are at about 850,000 EUR and it is basically also "only" one income. 1,000 EUR net from my wife is really negligible. The difficulty for us is that I earn my income from self-employment. 550,000 with about 6,000 EUR net is certainly possible, and if it is also a secure job... why not. For me, it would be too risky, but that is related to my self-employment.

Regards, Steffen

He is a banker

Don't be mad at me, but with that income he will a) either know how it works or b) know someone who knows how it works.

And c) he probably has access to conditions outside the normal range.

The forum is rather unsuitable for these spheres.

Don't be mad at me, but with that income he will a) either know how it works or b) know someone who knows how it works.

And c) he probably has access to conditions outside the normal range.

The forum is rather unsuitable for these spheres.

I can only agree with Toxi on that. Isn't it more YOUR fear that's bothering you? Just talk to your husband. I would also clarify who will become the owner of everything (hopefully you, I don't want to imply anything. But we male "bankers" know each other).

5k net company car (?) is okay to take out. Private health insurance starting at? Whether it is a healthy ratio your husband will tell you. He should have the right "risk appetite,"

Cool, this is going to be interesting. So, we definitely don’t have access to better conditions. We are a young and totally normal family, my husband is just insanely hardworking and I believe I’m good at my job and like doing it, and that has always been appreciated. Because of that, he has always been away a lot, which neither I, nor he, nor the kids like, but that’s the price we pay. But we are happy. And sure, we think we know how it works, but doesn’t everyone who builds a house think that? And sweet that you ask, we are both listed equally in the land register and are of course both owners of the whole thing. What I’m missing are experiences of how much one usually pays off monthly, so that you don’t just live for the house. We have now calculated with [1,800 €]. Is that too conservative? I would be interested in what is usually paid off monthly with what income, so that you still have a nice everyday life and don’t have to think about every coffee latte.

He is and always has been away a lot, which neither I, nor he, nor the children like, but that’s the price we pay. But we are happy. And of course, we think we know how it works, but doesn’t everyone who builds a house think that?

Are you ready and able to pay this price for 15-20 years? It becomes harder to give 110% every day as you get older.

1800 € are 4.3% annuity... that is the opposite of conservative. Depending on the interest rate - and I would guess that under "normal conditions" it will be around 2.5% - that would mean a repayment of 1.8%... then it is not 15 years, but 35 years.