How expensive can the house be?

That really depends on what is important to you. Some people have no problem saying, "Now I'll buy something, and if it's not enough, I can buy something else." That wouldn't be the case for me. So think about what is important to you, why you want to buy a house. And if you can't find one for 700 that meets your requirements but find one for 850 or 900, then you could certainly afford that easily. Then it just takes 20 or 25 years to pay it off. I don't find that dramatic.

Like any other normal person. But apparently, one is well-off and doesn’t know what it’s like when the monthly budget is planned down to the last hundred. Maybe you should just practice that for a few months? Taking money out of the account as if a house were being paid off. Then you’ll feel what it’s like when you don’t have 3000-4000€ left at the end of the month.

An alternative would be, if [der Lebensstandard so genügt], simply to reduce working hours and thus income. I’m serious. If you don’t need the money anyway, do something else with your time.

Hi,

so I wonder why you don’t just make your own breakdown. Add up all your ongoing costs, exclude the rent.

Calculate a maximum of 1% reserved funds of the house price (construction costs without land) per month for repairs and find out a guideline value for additional costs. Calculate with 1-2% inflation per year, yes, debt is great in that regard, salary increases (here you can also make some assumptions, unless you are self-employed, then I would be more cautious), value of the debt decreases in terms of purchasing power.

These are ideal times to go into debt, as long as you have secure financing. So for example fixed interest rates over the entire term (e.g. with [Bausparer], of course it also works without it, you just have to find the best offer from many).

I don’t want to say what we earn, but I can make a very good comparison. And a rate of >2400 € is very easy to manage for you. If you want to pay off in 25-30 years, I arrive at about 2500-3000 € rate, so a loan of over 650,000 € at usual interest rates. With your equity, that makes 1.1 million €. Whether you want such a villa is up to you, but from what I read that would not be something for you. So you should not only look at what you can afford, but what you actually want. Whoever with that salary still lives in a 600 € rental apartment apparently doesn’t have high demands. So why develop any if you are happy?

I don’t understand why you don’t do these calculations yourself. I can only advise you to do so. I have calculated everything down to the last detail. With your salary you’re certainly not dumb . If you have questions, just ask.

Regards

What exactly are you looking for? I mean, a terraced end house is not a bad thing. We have one ourselves. Do you want a detached house? Or what do you have in mind?

I mean, it's all a matter of taste. We preferred to buy smaller and were done after 15 years. Probably even sooner; the timeframe is somewhat manageable. You don't always have to push everything to the limit. Of course, if you want a detached house and/or 190m2 in Munich... well, then 500,000€ just isn't enough. Personally, I prefer a peaceful sleep over an oversized house, but others prefer to buy a large house with lots of luxury and pay it off over 10-20 years longer, accepting that significant things are more likely to change during that time. It's all a question of risk tolerance combined with one's own demands on a home.

What exactly are you looking for? I mean, a terraced end-terrace house is not a bad thing. We have one ourselves. Do you want a detached house? Or what do you have in mind?

You can also comfortably expand in 10 years.

: That is a good point, I should actually set up such an Excel sheet. With the credit amount planned so far, it really wasn't necessary, but now it is quite helpful.

: Freestanding and built according to my own ideas would be the dream. We could also warm to a well-located semi-detached house from a developer (here sometimes already >800,000€). New or nearly new would be preferred, because with the current prices of used properties I mostly just have the feeling that the savings compared to new builds are not worth it. A restful sleep would still be very important to me, hence also the question in this thread.

: The goal would be that this is a one-time thing. To settle down. Seen that way, it argues for a bigger step the first time.

: Exactly the feeling that I don’t have to save every hundred at the end of the month is what I want to be able to keep.