Is a 180 sqm house feasible for 300,000 EUR?

I'll jump in with a question: Can't self-employment also cause "problems" with financing?

I’ll jump in with a question: Can self-employment also cause "problems" with financing?

Yes and no. I am surprised by the "small" net surplus from both in IT self-employment. Normally, it would be 5 positions just from him net.

Hello, thanks for the info.

Why we couldn't save any equity is quickly explained.

Late bloomer, finished high school at 20, then military service, apprenticeship, and studies. So I only finished at 32. That's more or less normal for an academic.

As hinted, we have lived in Munich for the last 12 years. Gained first work experience and had children. In Munich, we had a good semi-detached house with heating costs of 2,700 EUR for the last 5 years. The children had to be cared for privately due to the lack of daycare places. For the first two, for example, that was 2x760 EUR per month. Added to that are the extremely high living costs. Yes, groceries and all services like tire changes or similar are not equally expensive everywhere in Germany. A simple Müller rice pudding also costs 20 cents more there than here in BB.

Salaries in Munich are dropping enormously due to the high influx of cheaper skilled workers and are pushing all salaries downwards.

Since I travel throughout Germany as a self-employed SAP consultant and simply couldn’t get anything at an adequate price in Munich anymore, eventually the line was drawn with this city. Also because you can't afford anything within a 40 KM radius there either. I'm talking about amounts well beyond a million here. Paying that off is a generational matter even with my salary.

Anyway, we have therefore decided to turn our backs on this city and go back towards home, where parents and friends live nearby.

We knew it wasn’t super cheap here either. Nevertheless, even the dream house with land here in the commuter belt is about 50% cheaper than in the Munich commuter belt—which by the way can stretch as far as Rosenheim nowadays.

I can also muster 6,000 on my own and yes, 3,000 for the house would theoretically be possible. I also have to say that of course there are still various additional costs—private health insurance with three children and no chance to return to statutory health insurance is another factor.

But I don’t want to complain now, so chin up and look ahead.

Here we have the opportunity to save equity, in MUC that was definitely not the case.

Another option would be to buy a house that is already built.

More important, as you have recognized, is the bank. We will find out soon what is possible there. I hope something works out. Otherwise, I understand politics and the economy even less.

No score, no debt, good interest rates, good income, and no loan? Then something isn’t right. We can presumably forget about funding because I earn too much, well.

I'm slowly getting angry again :/

If you relate the financing costs to the rental costs, you can easily calculate that in the future declining refinancing costs will meet permanently rising rental costs, so it would be clear to me what is inevitable.

"By the way" - good luck with your project.

Ok explains a lot. And anyone who can permanently afford 2700 rent should also be able to handle a high financing. There are some sap consultants in the company who charge from 1,300€ net per day. But okay, I don't want to start a fundamental discussion. Nevertheless, it is a 100% financing that you pay off until retirement. Month after month

Ok explains a lot. And anyone who can permanently afford 2700 rent should also be able to afford a high financing. There are some SAP consultants in the house who charge starting at 1,300€ net per day. But okay, I don’t want to start a fundamental discussion. Nevertheless, it’s a 100% financing that you pay off until retirement. Month after month

You must not forget the middlemen. Nowadays, you can’t get clients on your own – they’re all afraid of the tax authorities. Temporary work is only possible through headhunter firms and they always take 20-30%. Subtract that from 1,300 EUR and then you’re at my salary. And from that, the state takes 42%, private health insurance 10%, pension provisions... But that’s not the topic here. My starting point was an all-in loan of 550,000 EUR, which we can pay off with 2,500 – at least that was calculated using the Bau24 calculator. If you have better calculators, feel free to share them. 3,000 EUR repayment would be the max for me personally. On top of that would come the various ancillary costs for the house and living.

If you put the costs of financing in relation to the rental costs, you can easily calculate that in the future declining refinancing costs will meet constantly rising rental costs, so I’d be clear about what is unavoidable. "By the way" – good luck with your project.

Thanks. Right, rents will rise, so better to invest in a home ownership then. Guys, can you still name good developers with whom you have had good experiences? Either solid construction or prefabricated house would be fine for me right now. Overall, I hear from here that prefabricated houses are not necessarily cheaper. I have meanwhile excluded Ytong though.