Is a new building realistic?

Generally, you are right; but in rare cases, even the MediaSaturns of our world have offers that can keep up with the internet and still offer 0% financing - it’s not really the topic here anyway. Quite frankly: 280 thousand euros with 3,900 euros net are doable, but only with a reasonably frugal lifestyle.

Hello,
You want to buy a piece of a house. Although the ancillary construction costs are eliminated, still take a close look at this thread, because necessary acquisitions are also listed here:

When you buy a house from a developer, purchase-related ancillary costs arise. They amount to a five-figure sum. However, I do not find this in your calculation.

An income protection in case something unforeseen happens to the partner is done with a term life insurance. This should also be included.

I notice that calculations are made for wife and husband. Get used to sharing liabilities together. The house will belong to both of you, so the liabilities also belong to both of you together. The contents of the refrigerator are also paid for together, as well as the insurances. There is no I + You, there is a WE.

Regarding your private liabilities:
for a car, it is advised to calculate 500 per month. Besides inspections, tire changes, etc., there is also a savings rate for a new one for the future...
I also find hobby and living expenses too low. Even if you only need 300 for groceries as a couple, you are three (as I understand it), I do not see costs for drugstore items, pocket money, clothing, medicines, and gifts as well as further costs for the child (sports club, school, etc.).

I also consider 15,000 very low. Certainly, you can do painting in EL, but for material costs for flooring, at least 1/3 for skirting boards, screws, adhesives, and tools is added (see above listed thread).
Kitchen: yes, there are cheap kitchens where you can make sandwiches, but a home might want more comfort than the apartment currently lived in...

So I would calculate more sharply and realistically, nevertheless the house purchase will probably be possible.

P.S. Christmas bonus does not go into special repayments for us, but goes away for supplementary health insurance, Christmas shopping, and smaller acquisitions that you wouldn't otherwise afford for the house. It will be no different in other households.

Hello,
in addition to some items that I am still missing as well (purchase/construction incidental costs rough exterior work, notary fees, etc. for the mortgage, lawn mower, tools), you should definitely include a significant buffer. There are always items that no one thinks of beforehand. For the laminate flooring, for example, you also need skirting boards and impact sound insulation.

@everyone

Thank you very much for the feedback.

Regarding the 300 EUR, you won’t believe it, but baby food (we even buy the most expensive on the market), baby cosmetics like oil and diapers, as well as cosmetics for us and household goods like Zewa rolls, aluminum foil, etc. are already included.

Also, we don’t eat a single frozen meal. I can’t tell you how we do it, but we have been keeping a household diary for 6 months where we record every receipt and always come to about 300 EUR. In months with birthdays or barbecue parties, of course, it’s a bit more. I also have to add that my employer pays for my lunch. But we still have over 1000 EUR unused every month. These are then for clothes, vacation, repairs, or for special repayments.

The car is fairly new and costs only 70 EUR tax per year.

30 EUR per month = 360 EUR per year. 360 EUR - 70 EUR tax - 200 EUR inspection = 270 EUR. We buy tires separately, so they rather come from the 1000 EUR that we have left monthly. But I can also gladly include them in the fixed car costs.

Leana is my godchild, so no, there are no maintenance payments.

The projector loan was indeed a 0.0% financing and no, the projector was not significantly more expensive but cheaper than all online retailers. But it is also paid off in April.

The cold rent is currently 700 EUR + 120 EUR ancillary costs + 70 EUR underground parking space.

But I already discovered a calculation error. Fixed costs are not 450 EUR per person but 600 EUR. Included are the warm rent (820 EUR) + underground parking space (70 EUR), electricity (65 EUR), broadcasting fee (GEZ) (20 EUR), and internet/phone (30 EUR).

About the kitchen, I can only say that we are more than satisfied with our current one for 2500 EUR and it is enough to do more than just spread bread.

But when I read here that some people spend 800-1000 EUR on groceries in a 2-person household, the demands and wishes are quite different here. We don’t need an island kitchen with Miele electric appliances for 10,000 EUR. Cooking is not a hobby for us.

Additional construction costs were of course included in the developer’s financing offer and the installment was 1163 EUR with a 15-year fixed interest period and 2% repayment.

One more thing about insurance: My wife apparently listed a pension insurance as life insurance in the overview. I currently have a Riester pension + company pension scheme. Both together about 140 EUR. Additionally, a life insurance of 25 EUR, liability insurance 5 EUR, and accident insurance with just over 50 EUR (which I might want to convert into a disability insurance). I wouldn’t consider myself overinsured now. Some retirement provision, liability, car insurance, and accident or disability insurance.

@everyone

Thank you very much for the feedback.

For the 300 EUR, you won’t believe it, but that already includes baby food (we even buy the most expensive on the market), baby cosmetics like oil and diapers, and cosmetics for us as well as household goods like Zewa rolls, aluminum foil, etc.

In addition, we don’t eat a single frozen meal. I can’t tell you how we do it, but we have been keeping a household diary for 6 months where we record every receipt and always come to about 300 EUR. In months with birthdays or barbecue parties, it’s of course a bit more. I also have to mention that I get my lunch paid by my employer. But we still have over 1000 EUR unused every month. These are then for clothes, vacation, repairs, or for special repayments.

The car is quite new and costs only 70 EUR taxes per year.

30 EUR per month = 360 EUR per year.
360 EUR - 70 EUR taxes - 200 EUR inspection = 270 EUR.
We buy tires separately, so that rather comes from the 1000 EUR we have left monthly. But I can gladly include that in the car fixed costs as well.

Leana is my godchild, so no, there are no maintenance payments.

The projector loan was indeed 0.0% financing and no, the projector was not significantly more expensive but cheaper than at all online retailers. But it is also paid off as of April.

Cold rent is currently 700 EUR + 120 EUR additional costs + 70 EUR underground parking space.

However, I have already found a calculation error. Fixed costs are not 450 EUR per person but 600 EUR. Included are the warm rent (820 EUR) + underground parking space (70 EUR), electricity (65 EUR), GEZ (20 EUR), and internet / phone (30 EUR).

As for the kitchen, I can only say that we are more than satisfied with our current one for 2500 EUR and it is sufficient for more than just spreading bread.

But when I read here that some spend 800-1000 EUR on groceries in a 2-person household, then expectations and wishes really differ a lot. We don’t need an island kitchen with Miele electrical appliances for 10,000 EUR. Cooking is not a hobby of ours.

Additional construction costs were of course included in the developer’s financing offer and the rate was 1163 EUR with 15 years fixed interest and 2% repayment.

One more thing about insurance: My wife apparently had a pension insurance listed as a life insurance in the list. I currently have a Riester pension + company pension scheme. Both together about 140 EUR. Also a life insurance for 25 EUR, liability insurance 5 EUR and accident insurance with about 50 EUR (I might want to convert that into a disability insurance). I would not consider myself overinsured now. Some retirement provision, liability, car insurance, and accident or disability insurance.

Car 30 EUR per month, 0% financing and even cheaper than online? 300 EUR living expenses? 10,000 EUR Miele kitchen (you hardly get the appliances for that!!!! check what a good Miele dishwasher costs!). One of us lives in another country/planet

If all that corresponds to the facts -> congratulations! You all know how to handle money!

@all

But we still have over 1000 EUR unused every month. These are then for clothes, vacation, repairs, or for special repayments.

You don't have to "justify" yourself, it's just about you/them correctly assessing your finances so that you don't end up failing with the house financing in the end. That's why you asked here, right?

It may be that you somehow actually managed with 300 euros "household money" over the last 6 months, but unfortunately that does not make this budget item a realistic estimate.

And yes, mathematically you currently have about 1500 euros left, as long as no "purchases" are due that exceed daily needs/consumption. If I were you, I would simply calculate roughly what you both have earned in the last 5-10 years and then subtract the amount stated in your summary (2050*60 or 120). The difference should then correspond to your equity. If it does not (which I assume ) you can spread the missing amount over the months and get a better idea of what you might expect for poorly predictable expenses like car tires.

PS: In our case, this calculation looks catastrophic