How to save for building a house/buying a house?

Good day, I am really quite desperate. We (27/27) dream of owning our own house, whether we want to build or buy a house is not yet certain. We are aware that both options would cost a lot of money, which is why we want to start saving now (even somewhat late in my opinion). But which saving options for a house are the best? We have now signed a Bausparvertrag with Sparkasse. What can you tell me about Sparkasse, or was that a wrong decision? And what are the best saving options?
Best regards
Thank you

Hi!

As already mentioned, it is hardly possible to provide reliable information without knowledge of the financial situation.

I hardly see any reason for despair, as about 60% of the population in Germany do NOT own property and still live relatively happily.

Otherwise, I would claim that anyone who is currently not a pupil, student, or similar and cannot afford homeownership will not be able to do so in 10 years either. If I currently calculate a loan of 300,000 euros with an assumed interest rate of 3% and 2% repayment, I pay 1,250 euros monthly. If, on the other hand, I save 100,000 euros over the next years, I would pay 1,500 euros monthly at 7% interest! In addition, I would lose 10 years for repayment. Details like capital gains taxes, construction cost increases, etc., aside. So the question is whether the bank supports 100% financing – and if it doesn’t work, then it just doesn’t work.

I’d rather say nothing about [Bausparvertrag] – it’s already been concluded anyway.

Best regards,
Tomtom.

It's a pity when someone opens a thread, others take the time to respond, and then the OP doesn't even manage to check in here for 6 days. (Last activity of Ahnungslose according to profile 03.08.2012 22:11) But maybe the answers help others too.

Well, 6 days are nothing... if it says 6 months, then you can assume that he won't come back anymore

@Musketier:
At the moment it is vacation time after all...

And there are supposedly still people who are not currently building and can therefore go on vacation

Cheers
Micha

You are right.. Maybe we should have written in somewhere that they shouldn't strain the holiday fund too much. That way you save

Jokes aside. We also want to get away for a few days this year before the construction starts next year and a vacation should still be possible despite the home construction loan. Just going to work to pay off the house can't be the point.