Interest rate development current situation. Build now or wait?

The financial advisor has gotten back to us and we have scheduled an appointment for Saturday.

I'm curious. Let me know what she advises you. The overlap between "us," meaning experienced construction novices, and a financial specialist would then, I think, be the golden rule ;)

: Once again, a piece of sober wisdom casually dropped into the forum. If you are like this in real life too and start a cult, let me know, I'm already hooked...

So I am not from the financial sector. But I see that despite a really good savings rate, you can hardly keep up with the construction prices.

Here I would rather disagree. The equity is so tight that it is currently always a 100% financing; with kitchen, developer binding, or existing house, we are definitely over 100%. With an extra €20,000 in 2 years, it looks much more relaxed.

has a valid point there. The degree of ease with one's own finances and the confidence in rising income is probably the measure here. Of course, it can be financed and of course, it will get tight at times, of course, that means restraint in other areas of consumption (vacation, car, dining out...) and of course, one cannot fulfill all wishes from the start. The latter has the decisive advantage that one can enjoy small improvements more often, because the initial joy upon moving in does not depend on whether one walks on a paved or gravel path to the house. Nothing is so bad if you have a clear head.

So, since you can currently save 1700€ and building a house also takes time, you will easily be able to save 20k by the time you move in. Many stand in their own way and then try to argue with high prices or they will fail, etc...

Just check what you can afford. I can tell you, you can afford about 450-550k depending on subsidies ([KFW], [Baukindergeld], etc.). Additionally, there are the incidental costs for the house...+

Keep in mind that you will pay the same rate for 10-20 years, but your salaries can increase significantly during that time, 2-3% per year...

So since you can currently save €1700 and building a house takes time, you will easily be able to save €20k by the time you move in. Many people stand in their own way and then try to argue with high prices or they will fail, etc... Just check what you can afford. I can tell you, you can afford about €450-550k depending on subsidies (KFW, Baukindergeld, etc.). Additional costs for the house will also apply...+ Keep in mind that you will pay the same rate for 10-20 years, but your salaries can significantly increase during that time by 2-3% per year...

My point exactly.