How expensive can the property be?

The generalization of civil servants does not exactly show a pronounced ability to differentiate. Apart from teachers (what would parents actually do if they weren't civil servants and went on strike) and civil servants in administration, people in professional fire departments, police, judges, etc. are also civil servants. Please keep that in mind.

Otherwise, I stick to my statement... 1500€ all in will simply be difficult to impossible. The 300€ already go for ancillary costs. That doesn’t even include maintenance or similar.

I think we agree that it’s not about: firefighters, police officers, teachers. Besides, not all teachers are civil servants. My wife is an employee in the public sector. She thinks it’s "great" that another teacher receives more for the same work.


First of all, congratulations on the second child. Even if you budget 800 €, something must be wrong.
- Internet, insurance alone cost about 100 - 150 € monthly.
- that means you spend 650-700 € for the three of you on:
- food
- clothing (the child grows faster than you can buy replacements)
- repairs (reserves for service, TÜV, car repairs, replacement in case of a new car)
- leisure activities (eating out, cinema, etc.)
- vacation savings (outside of Balcony countries)
- gasoline

All that with 650 - 700 € for three people. Doesn’t a Hartz IV recipient have more available? Something doesn’t add up.

In general, I claim that a new building is always more expensive than a normal or simple existing property + renovation. With the house's exposé + the renovation plan, you go to your house bank or a broker and discuss it in a personal conversation. They will be able to tell you the maximum financing amount. But please don't start directly with a house that would need a complete renovation. Take something that is about 10 years old.

The 10-year-old ones, like the houses from 2000 onwards, are offered at prices similar to new buildings. That’s like excluding new buildings. Only complete renovation remains, or a hut from the 1970s - 1980s, without major modernization.

Well, I could imagine that a 10-20 year old existing building in JWD or at ADW is already noticeably cheaper than a new building according to the Energy Saving Ordinance. In the catchment area of metropolitan areas or tourist regions (Baltic Sea) it is as you say.

B

The 10-year-old ones, as well as the houses from 2000 onwards, are offered at prices like new builds. That means like new build aside. Only a complete renovation remains, or a hut from the 1970s - 1980s, without major modernization.

But for the 70s ..80s huts, that will soon be coming up for him, then better just tabula rasa right away.

That is a nice calculation with the expenses and income. Stick to no new construction.

I think, to be honest, calculate again, rather assume more than less. Then calculate the additional costs in the municipality and for the house generously. After that, go to the bank and sound things out. At the same time, calculate in the calculators what you can achieve in 30 years with your desired rate (~1100€). Then you will know more about how tight it is. Where is your wife's full-time salary? Teenager is a long way off, 70% can be done earlier..