Is building a house possible with our income?

I don't know if it was asked, but the property is already developed?

I don't know if it was asked, but is the property already developed?

As far as I know from the property owner, yes. At least that's what he said.

How much own effort can be provided, or which trades - or partial trades - are to be carried out by own effort?

Basically, as long as the costs are properly defined and calculated, I consider the project realistic in terms of creditworthiness and household situation and feasible from the banks' perspective.

- they are still young, which allows for a low initial repayment burden of 1.5% - 2%
- child planning is underway, possibly even completed
- some equity is available and own effort is to be provided, which allows the loan-to-value ratio to be structured so that acceptable conditions can be generated
- in the coming years, 2 times 12,000 euros of builder’s child allowance will be available

Questions:
1) do they receive 13 salaries, holiday and/or Christmas bonuses?
2) what are the career advancement prospects, at least secured salary or wage increases?
3) where is the equity located? Possibly in a home savings contract?
4) how high would the parental allowance actually be?
5) how long would it be paid, does the woman return to work promptly?
6) in which postal code area - regarding the involvement of regional banks and state subsidies - can the project be realized?

How much personal contribution can be made, or which trades - or partial trades - shall be carried out personally?

Basically, as long as the costs are correctly defined and calculated, I consider the project realistic in terms of creditworthiness and financial situation and feasible from the banks' perspective.

- they are still young, which allows for a low initial repayment burden of 1.5% - 2%
- child planning is in progress, possibly even completed
- some equity is available and personal contribution is planned, which will design the loan-to-value ratio so that acceptable conditions can be generated
- in the coming years, 2 times €12,000 Baukindergeld will be available

Questions:
1) do they receive 13 salaries, vacation pay, and/or Christmas bonus?
2) what are the professional advancement opportunities, at least secured salary or wage increases?
3) where is the equity located? Possibly in a home savings contract?
4) how high would the parental allowance actually be?
5) how long would it have to be paid, does the woman return to work promptly?
6) in which postal code area - because of including regional banks and state funding - can the project be realized?

1) unfortunately no, but I am already looking for a new job
2) at my current job, unfortunately no. But I am looking for a new job
3) savings book and checking account, we do not have a home savings contract
4) parental allowance for my wife is about €750
5) she stays at home for 1 year and then goes back to work
6) the area would be 06449 Aschersleben Ot Mehringen

Child planning is completed, 2 children are enough

Personal contribution would cover interior finishing (drywall). Although we have friends who could cover roofing, they unfortunately have hardly any time (family)

Without knowing what is included in the "turnkey" offer, it is difficult to speak about the total costs. Also: does the house company offer the plot as well? Basically, it must be said that the salary does not really invite building. You should already have some craftsmanship skills and know a few club members to contribute own work. And of course: additional purchase costs come on top.

We still have a 2nd car (was paid in cash..) And my workplace is currently 7 km away, so bike or motorcycle works But we want to have a little something in reserve (car repairs etc.)

Why do you still have the second car? Get on the bike, save costs, sell the car and do something good for your back!

A semi-detached house or terraced house doesn’t really appeal to us.. so we remain with an existing property then But it also has to suit us a little, because I don’t want to become unhappy...

A bungalow is more expensive than a pitched roof house... something more expensive does not suit you due to the low capital. Financially, a semi-detached house, a terraced house, or an existing property would fit you better. Reflect on yourselves a bit: level of salary, chance for better salaries is zero, a car loan, children who need care and no saving potential. The dream of a new single-family house does not fit very well here.

Own work would consist of interior finishing (drywall).

Does this mean that a shell house is being offered? The garage should simply be set aside!

And if it’s not a shell house and not a developer house, then there are additional building costs of 20,000–30,000 to add.

How much personal contribution can be made, or which trades - or partial trade services are to be carried out as personal contribution?

Basically, if the costs are properly defined and calculated, I consider the project realistic in terms of creditworthiness and household situation and feasible from the banks' perspective.

- you are still young, which allows for a low initial repayment burden of 1.5% - 2%
- child planning is underway, possibly even completed
- some equity is available and personal contribution is to be made, which allows the loan-to-value ratio to be designed in such a way that acceptable conditions can be generated
- in the coming years, 2 times 12,000 euros of Baukindergeld are available

Questions:
1) do you receive 13 salaries, vacation, and/or Christmas bonuses?
2) what are the career advancement prospects, at least secured salary or wage increases?
3) where is the equity? Possibly in a home savings contract?
4) how high would the parental allowance actually be?
5) how long would it be paid, does the woman return to work promptly?
6) in which postal code area – due to inclusion of regional banks and state subsidies – can the project be realized?

Oh, come on! That is all more than tight. The right thing to do is to build up income and equity. Also reduce expenses. Doing that only afterwards is totally unrealistic. Otherwise, everything must fit in the current situation. If unexpected expenses arise, an expensive follow-up financing is imminent. And especially with low-budget providers, one cannot expect any goodwill.