Is building a house feasible? We are totally uncertain...

You just approach it too euphorically ... A house doesn't have to come from the more expensive FH provider and have 160 sqm of living space and a double garage on the huge plot to be nice.

A buddy of mine also completed his studies well, he earns ~30,000 €. He will probably never be able to afford a house.

Besides, you still don't really know what you can afford. So go to a financing broker ... search for Dr. Klein or Interhyp. And then please share your experiences with Interhyp and Dr. Klein here.

I can understand Michael. We thought the same way at the beginning... we had a huge amount of money available (Double Income No Kids), and were looking for ways to invest the money sustainably. At some point, the idea of building came up. And quite quickly the sobering reality, which Michael is currently experiencing as well. Everything costs a hefty amount of money, and you wonder how others do it. Eventually, you have to decide whether to take the big risk or to leave it. For us, the decision was easier at 40% equity, but even so, you don’t take out over €200,000 in loans every day. We are sure, if nothing happens to us, the place will be ours in 20 years, and we will live rent-free until our children push us into a retirement home. Considering rent prices of almost €1000 cold, that’s not the worst choice. He now just has to work with the numbers and find out what he can afford. Then go away from internet prices to concrete offers, then compare construction service descriptions again and again and again. In 6 months you will have more clarity, and maybe find a provider who puts your needs in writing. Then you need about a year of good nerves and a good dose of dark humor, because no matter what you agree on, it always gets more expensive. Sometimes ridiculously little, but I can say, craftsmen always have something in their toolbox that can be charged later. Sometimes a ridiculous €10, but sometimes a nice four-digit amount, or like for us, twice five figures. And if you’re not prepared and depend on the bank being favourable to you, it gets tricky. Our net income is higher and equity much higher, yet a refinancing was refused for a much smaller loan amount. We were able to cut some things (garage, outdoor facilities) and pay the rest from our financial buffer. Building a house will probably become your most expensive investment after children. And you probably won’t get any return from a self-used property anyway.

Apparently, there is only black-and-white thinking here. Rent or house (if then properly) with a double garage.

Have you (or you other desperate people) ever thought about leasehold, if it is supposed to be a new build house with everything? Maybe something like that is offered where you are. Saves a lot.

An alternative can also be to first buy a semi-detached house or terraced house as a starter home. When children come, you can still expand. The offers are quite reasonably priced, and if still under construction, you can also have some extras installed.

Another alternative would be to buy a used house. If you look, there is always something suitable that you can make arrangements with.

I can only agree with ypg on that. Starting one size smaller is definitely not the worst solution. However, in my opinion, leasehold makes less sense, since most leasehold providers calculate with a leasehold rate of 3-4% of the land value. For that price, you can also buy.

If you build a house to live in yourself in order to sell it, you can only make losses, unless suddenly an S-Bahn connection appears out of nowhere, or the area develops into a hype spot like Prenzlauer Berg.

In any case, given the current market situation, we would never get the price for our house that we moved into for 2 weeks that we invested. The only thing that probably increased in value is the land.
If you want to temporarily park your money, a small apartment in a boom city makes sense. We also considered buying an old building apartment in Karlsruhe and then swindling a student with it. They now pay up to €500 for a 1-room apartment here. That easily lets you renovate the apartment. And that the poor guy then has €200 heating costs per month can be all the same to you as a landlord
But we are not quite that unscrupulous So no business model we would feel comfortable with ...