House purchase - Is our planning working?!

What kind of numbers are these?

I tried to divide the expenses into insurance, leisure, and food/clothing etc. so that we also have an overview of how much needs to be paid in which areas. After deducting all costs, we would then still have 1735 per month left for the installments and additional costs.

The problem will be that rental income is not considered income by the house bank, as it can cease. Living expenses are taken from a couple. The bank's calculation looks different with a child then.

The bank would consider that as income if we set up a rental agreement before buying the house. So it would not be a problem. I know the flat-rate calculations of the bank. They calculated 1000 euros for two people plus 200 for each car etc. Even according to their plan, we would have about the same amount left over. So it matches our expenses. Since we are currently not restricting ourselves in any way, there would still be room for improvement even then..

And a tax tip: it used to be that if you rent to a first-degree family member, you were only allowed to charge half of the local customary rent and deduct the rest as a tax burden. Maybe that still applies today?

You apparently have to charge at least 66% of the local customary rent as cold rent so that the state considers it renting and you don’t get any tax issues. At the end of the year, the cold rent is totaled up and it is checked whether you exceed the exemption amount. In addition, you can also declare modernizations etc., which are then offset again. At least that’s what I’ve read. Let’s see what the tax advisor says...

And always keep in mind, the bank will finance you if it roughly fits... the life decision of how you want to punish yourselves you have to face yourselves. The gross income is definitely only for the man not great, so maybe expandable?

That is also clear to us. My partner would even want to earn a little extra on the side if necessary, so that we would have a bit more each month. So, from what I read from all of you, it would basically be possible. But it is up to us whether we make this decision and accept the financial constraints etc. I already wrote somewhere above that we would have to look for something different anyway if we have children, because in the long term we would be missing a room. The condominium here costs almost as much as a house, and the rent for an apartment would even cost more monthly than the installment. So if the house fits completely now and the renovation/modernization costs do not get too out of hand, I would even dare to take the step. We will have to accept losses in the future anyway, no matter what we decide.

Well, that's something I absolutely don't understand ... if you already know the new thing will be too small, why buy it? If, then properly

Well, that's something I just don't understand ... if you already know the new thing will be too small, why buy it? If, then properly

I think we are talking past each other. Our current condo with three rooms is too small. So, if we have children, we would have to look for something else anyway. Renting an apartment or buying a new condo would come to the same or sometimes even more. Besides, renting doesn't make sense in our case if we had that much equity. So we would buy anyway. The only question is "what".

Ok so is the semi-detached house already the property? What are you doing with the current [etw]? I lost the thread

Briefly summarized: We have a two-family house in prospect, which we would like to move into with my parents. The house is supposed to cost 377,000 and the renovation/modernization costs are probably limited. More details on that next week. We currently own a 3-room condominium worth 200,000-250,000 euros. There have been different valuations from the banks regarding the value. This would then be sold and the time until the sale would be financed with a "bridge loan". However, this is not that significant now, which is why I did not mention it.