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

Have you ever checked the inventory? You would be much faster in the new house that way.

A simple Müller rice pudding also costs 20 cents more there than here in BB.

I would consider that a strong argument in a "make or buy" decision

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

Where do the newcomers live? - in Munich you need a board-level salary for every tiny apartment.

Well, you must not forget the middlemen. Nowadays you can’t get clients on your own anymore – they’re all afraid of the tax authorities. Temporary work is only possible through headhunter firms and they always take 20-30%. Deduct that from 1300 EUR, then you’re at my salary. And from that the state takes 42%, PKV 10%,

“You only need to be afraid of the tax authorities in cases of sham self-employment; private health insurance, on the other hand, is a luxury for genuine employees, just like the interposition of a temp agency, if the salary is above the social security threshold. Fixed-term contracts aren’t that big of a hassle either, I know the setups with such project brokers – but no good people participate in those.”

It becomes a bit contradictory:

Actually, we are quite healthy with 6,000 - 7,000 EUR monthly

I alone generate the 6,000

Anyway, instead of the developers, a meeting with the bank or an intermediary is urgently needed, because I agree with Fummelbrett!’s question that self-employment is always special when it comes to financing.

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

Especially without equity. I don’t remember who it was, but there was a user here who liked to say that he holds more than one year’s net income in reserves, which also do not go into the house.


Regarding the amount:

My starting point was an all-in loan of 550,000 EUR, which we can repay with 2,500

The 550,000€ only just works if the land costs less than 100,000€. Are you sure that is possible in your region? I doubt that, even though I don’t know Berlin.

You urgently should find out your maximum financing amount. Not via the internet, but personally at the bank or with a broker.

Late bloomer, got his high school diploma at 20, then military service, apprenticeship, and studies. Was only finished at 32. As an academic, that's more or less normal.

Ok, all normal. From then on, though, one could have put some surplus aside.

In Munich, we had a good semi-detached house for the last 5 years with heating costs of 2,700 EUR.

Oh wow!

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

Since you guys have an exorbitant level anyway, will you ever get realistic?

I don't want to complain now, so keep your head up and look forward.
Here we have the possibility to accumulate equity, which was definitely not the case in MUC.

Well then...

Ok, I digress. First back to the wish list:

[*]180 sqm living space
[*]6 rooms, one of which should be used as a small study.
[*]Basement or not? A question of money.
[*]We leave the plot out for now – but it would be in the Berlin area, outside the A10 ring.
[*]Underfloor heating
[*]Prefabricated or solid construction

... you should still deal realistically with the values and sizes.

What does the bank say?

How long has the self-employment existed? Normally, banks want to see three years of financial statements. I was once in a similar situation, rejections were pouring in. [Sparkasse] wanted to do it but required at least 20% equity to reduce the risk.

How long has the self-employment existed? Normally, banks want to see three annual financial statements.

This is also often forgotten by nominal employees.