House purchase - Is our planning working?!

You can't avoid keeping a proper household budget and cost statement... please without mistakes

I have already done the homework.
I will write you more details about it over the weekend, as I am going to sleep now.

By the way, I have also added to my other post before.

Best regards

What is your opinion on this?

You only need a loan of 200,000 to 250,000 euros. An annuity of 5% on 250,000 euros amounts to about 1,042 euros monthly payment. Why shouldn’t that work? Are you familiar with the tax issues related to renting?

Both advisors have roughly calculated a loan of 230,000 each. We would probably be looking at monthly installments between 800-1000 to make it worthwhile. If there were children, we would have to look for a new apartment/house at some point anyway, because our 3-room apartment will become too small for that. The cold rents here for a four-room apartment are somewhere between 700-1200 euros. So not necessarily cheaper than the installment payments for the house. I roughly offset the ancillary costs (water, electricity, garbage disposal, etc.) against the rental income from my parents. Nevertheless, part-time work worries me. Somehow I feel like I have to choose between the house and offspring.

Are you familiar with the tax issues related to rental?

No, I haven’t looked into that in detail yet. What would that look like?

One should calculate seriously. What do I earn part-time gross, add the husband's gross income and then calculate the new fictitious net income. There are countless tax calculators. Then always keep in mind, yes there is child benefit but daycare costs, clothing, initial equipment, food, vacation is getting more expensive. It is somehow a life decision. If there is no upward salary perspective for your husband, then that's how it is.

Both advisors each roughly calculated a loan of 230,000.

Do you mean "financial advisors" or construction advisors/purchase advisors? How much money you need results from the total requirement minus your own capital. The latter is usually clear (cash check), somewhat uncertain for you because it is tied up in a condominium whose value is not known precisely. The former, i.e., the total financial scope of the project, is also uncertain and should be well estimated with professionals. Depending on the quality of the estimate, something must be factored in for unforeseen events. But none of this is too critical, IMHO, because you are not financing at the pain threshold but, in my opinion, are well below it.

No, I have not looked into that in detail yet. What would that look like?

If you rent out, you have to pay taxes on the rental income. That is the disadvantage. The advantage is that you can claim expenses related to this income for tax purposes. This includes the purchase (through depreciation), the renovation, and also the capital costs (interest). For more details, consult relevant literature or the WWW or have a tax advisor explain it to you.