House realistic with this income and additional costs?

Good morning,

A house of that size is definitely feasible within the budget. My architect put it aptly back then when he said: "The only risk factor is always the builder (or builder woman) themselves."

Also, with your income, the mentioned loan is definitely feasible. The risk of self-employment is not taken into account here, assuming that the income remains the same.
If you only consider your income of 3900€ and compare it to the expenses, there is 1000€ left over. Including the rent you will save, it amounts to over 1700€ for repayment and additional costs.

We recently inquired about a loan of 350K€ with a 20-30 year fixed interest period (full repayment) and come to a burden of 1200-1300€. I would also recommend that you get offered a "financing strategy" and not just a loan. Finance in such a way that you have security until your house is fully paid off, that would be my advice.

@ HilfeHilfe: I will still do that. After all, it is the bank’s first offer. I just wanted to feel out here whether a monthly rate of €1400-1500 is reasonably manageable (given our cost/income situation), or whether my wife and I are just convincing ourselves. It does happen from time to time;) I also wanted to hear whether a house of about 130 sqm for a total price including all incidental costs of about €325k-335k is feasible.

You are self-employed ... You should know better how well one should manage finances and weigh chances/risks. Also with regard to separating house and business.

You are self-employed ... You should know better how well one should manage finances and weigh opportunities/risks. Also with regard to the separation of house and company

What we can/want to afford in installments is already clear to me. My entire list and question was more aimed at whether a house of the size we have in mind is reasonable with a total volume of about €325K-€330K including all additional costs. That means a loan of about €300K. The installment from this then depends, of course, on the term and interest rate. (simplified)

Hello,

we are building in NRW and have a 135sqm house without a basement, 2 full floors, garage including all additional costs, outdoor facilities, and plot, and we are at a total volume of 380,000 euros. We are building KFW55. We have noticed that the house itself is not that expensive. Rather, all the special requests. I think you can get something for 330,000.