House purchase planned at the beginning of 2015 - No equity

Yes, built in 1600 (!?), not in need of renovation ?? (no no, the pictures promise a top condition, even doing it yourself costs money) on a plot of not even 300sqm for €199,000 without additional costs... And there are no pictures of the house. For supposedly being a beautiful half-timbered house, that's quite strange. Notice something?

Sure, the house is not what you want to buy now, but "comparable" also has something to do with equivalence and that's all you'll find on the current real estate market for that money.

Good luck.

It is worth taking a closer look at the descriptions of houses, for example from E&V. Here, for example, the entire town center is under collective monument protection -> everything must be restored exactly as original. The infrastructure is overstated -> the house probably lies on the main street through the town and has no large front garden. Since the house itself is neither shown from the outside nor described in its beauty, it almost seems to have reached the character of dilapidation. Rough estimate: renovation in compliance with the monument protection regulations not under 250,000 to 300,000€ = a labor of love. Since there is currently stove heating -> either new stoves or new heating. But why not, if that is exactly what you want, it can make you happy and proud when it is finished. Clearly too expensive and labor-intensive just to live in. Sylvia

I'll pick up the question again that was already rightly asked here: You don't have bad equity and you speak of an additional annual bonus. Why were you still unable to save up equity? Why do you think you could suddenly make sacrifices for a house if you weren't willing to do so before? And don't forget in your whole consideration that a house also causes additional costs. Just as an example of how I calculate for us: 1,200 € monthly installment, 400 € additional costs for the house, 150 € - 200 € monthly reserves for repairs. Then you also have to live, you want to treat yourself sometimes and usually also have a number of other fixed monthly costs. We currently have (wife on parental leave) just under 4,500 € available monthly. After her parental leave minus childcare, just under 5,200 € and still we have calculated everything 100 times. If I were you, I would first keep a household budget for a while so that you become more aware of your financial situation.

Hello,

what you have "dreamed up" there will remain a dream.

Two young people earning 3,500 € net and who have not managed to save equity are not good borrowers in my opinion. Especially since banks always see financing without equity and partial rental on shaky ground.

A visit to the bank's board will not improve the situation either. By the way, I consider this a typical "trick" for selling. Our construction financing was also negotiated with a very high-ranking executive during a garden talk. At least the broker wanted us to believe that.

I also consider a house for 220k around Vilbell a rumor.

If your partner becomes a mother, will you be better off financially??? Aha. Do you know how much children and childcare cost? The mother usually also wants to work part-time then.

My personal advice: Make a proper household budget. See to it that you identify the positions where the 3,500 euros net goes and save yourselves some padding.

Prices will not come down for years thanks to low interest rates. You also won't get rid of the broker.

Hello, yes, I probably skated around or overlooked the question a bit. So the bonus is merely a 13th salary, but I might also look around this summer with my current employer or look for a new position (hopefully with my current employer...). My partner has only been in her profession for two years, before that I was more or less the sole breadwinner. I bought a new car two years ago, last year we finally went on vacation – that alone amounted to several x000. After that, I saved some money alongside the loan, I will pay off the car next month (more than 2 years before the end of the term). Also, there were various new purchases throughout the year, which added up to several x000 on the side – otherwise, I think you are right, there is still significant potential here. We are definitely aware of the current waste on luxury items and food, even though we are putting money aside. In my opinion, we should be able to put away 1000€ per month without any problems (currently it was up to 850€ with the car loan and savings). The plan was actually to put aside another 10,000€ after the car.

But even with 10k as equity, you won't get any further. I don't know which savings bank you visited there. But I can't imagine that you get a super financing with hardly any / no equity. Especially since you are approaching a price segment that is in need of renovation and also requires financing. Sorry, you easily need 3-4 years. A change of employer with a probationary period does not "promote" your situation.