House found - financing possible?

Is the semi-detached house worth the price?

Here you won't get a rundown 70s house even in the countryside for that price. But this is southern Germany, where prices are different.
With just under 330k for a 10-year-old house including land, you certainly won’t go far wrong. You can’t compare that to an unrenovated old building, neither in terms of energy efficiency nor comfort.

Could it maybe cost only half in 2 years?

Unlikely. At 330k, you’re already in the range where middle-class families can finance a larger portion with equity and interest rates lose relevance. At half the price, the interest is almost irrelevant.

What about gas, we don’t have the option to build a technical room there (heating in the attic), so a heat pump will be difficult in the future

The gas boiler is in the attic? Theoretically, a heat pump would also work there, but a monoblock unit installed outside would certainly be cheaper here.

How do you see the overall situation?

Good. It reads very down-to-earth.

I am very risk-averse and like security. This long term confuses me a lot and I am afraid of making a wrong decision for my family that could lead us into a financial fiasco.

Most people who build or buy a used property like the security of owning their own home. And very few can pay cash. The good thing is that you don’t like living on credit, but focus on owning something yourself. The repayment over years is barely noticeable. It will be debited like rent. The only thing I would do differently: set up a third column for the child: that’s where the daycare costs and other things like sports club, etc. come in. But still, the calculation should work for you. The house value will not halve, don’t worry. Enjoy your house fund. With a 10-year-old property you should be fine. And if this or that has to be done, you can do a lot yourself, as you write. Just wait on the heating, it can be repaired. And the area by the Zwischenahner Meer is supposed to be quite nice :)

Hi @ ,

Congratulations, in my opinion that looks pretty clean. €1500 per month as a loan installment, many (at least in the south) pay more rent per month and then have nothing from it in the future. Especially since rent can/will increase, but your amount remains stably planable for the next 30 years. In my opinion, you could even manage this well completely on your own, €3900 is already quite something. Personally, I would only hesitate at the transport costs... your €490 leasing, for example, is already quite a sum. I would personally rather spend your remaining €20000 equity on one or even two "beater cars" and then never have to pay leasing rates again.

I am not a financing expert but I quickly calculated your financing. I based it on the following parameters:
Loan amount: €329000 - €56000 = €273000
Nominal interest rate (not effective interest rate [I will get to that later]): 4.57%
Monthly rate: €1500

= The result is that with these parameters you would already be finished in 26 years. (you said about 30 years).

I have learned to always look at the effective interest rate instead of the nominal interest rate. The effective interest rate includes the nominal interest rate + additional costs. For a bank it is of course always attractive to advertise with a "low nominal interest rate," but as a customer you still have to pay on top of that...

With your parameters you are at an effective interest rate of 5.2% for a 30-year term. The last 4 years you basically only pay the additional costs of the loan to the bank.

Conclusion:
- In my opinion, a great starting point
- Rethink fleet of vehicles :)
- Obtain many loan offers and don’t be blinded by the nominal interest rate. Always ask for the annual effective interest rate.
- Calculate loan offers with different parameters. Ask questions: "What can I do to lower the interest rate?", "How much more equity would get me a lower rate?" Maybe you are just at a threshold, and a bit more equity would push the interest rate down.

Good luck + kind regards
Haus_Number3

What about gas, we have no possibility to build a technical room (heating in the attic) there, so a heat pump will be difficult in the future

Where a gas heater is installed, you can also install a brine-water heat pump, for example (assuming the transport route is feasible). And you can install an air-water heat pump outside and usually connect it well to existing systems. Therefore, you are not necessarily excluding anything there – whether this really makes sense, and what exactly the optimal solution would be, you can have calculated in 5-10 years or whenever.

(...) - Reconsider the vehicle fleet :) (...)

Have you checked on Google Maps where this ZIP code is? That only works with 2 cars if both are working.

Always use the saved amount for special repayments. Or increase the repayment rate right away. You probably have a minimum repayment of 1%.

Are the incidental purchase costs included in the negotiated price?