Is financing a single-family house feasible for us?

Although the question about the necessity of the basement is quite sensible, don't let it throw you off course. In our residential area, besides the semi-detached houses, only two of us are building a single-family house with a basement, so less than 10%. We were also faced with opposition here and among acquaintances back then. But we really thought it through well and now enjoy the spacious ground floor layout, where no utility room had to be accommodated.

However, as has already been pointed out several times, your cost breakdown should at least be viewed with a question mark, especially since you have not posted it here yet. That would really help to give you more concrete advice on whether it will work.

Purely from the financing needs and income, there should be no problems with you. One could even consider financing into retirement to reduce the monthly burden with a longer term. Then, of course, special repayments really made and not just as a non-binding plan.

But the cost breakdown is also where it gets tricky....

Purely based on the financing needs and income, there should be no problems for you. One could even consider whether it might be feasible to finance into the pension to somewhat reduce the monthly burden with a longer term. Then, of course, special repayments and really doing them, not just as a non-binding plan.

But there is also a snag with the cost breakdown....

I don’t know if that’s “no problem” – if the start of construction is actually in 4 weeks! and still fundamental things like the basement and costs are being discussed, I don’t think there can be no problem. If you orient the biggest investment of your life towards the party room and alleged social housing construction, and if necessary the parents have to cover everything, it could get interesting. Also with all the friends who provide friendship favors worth €100,000 for free.

I have now attached a calculation from us after several people asked for it. We naturally have it properly done on the computer for ourselves and the bank, but it contains personal names of friends, companies... [ATTACH alt="20200822_110033.jpg" type="full"]50759[/ATTACH]

The existing quoted prices are all rounded up. Sanitary, doors, floor coverings are also mostly selected (price increase 2021 included...)

We come to 434k through the quotes. So there remain 36k and 18k repayment subsidies from the KfW as well as the cash flow of the next years for terrace, paths, driveway, garden or also as a buffer.

By the way, I have hopefully convinced my wife of postponing the garage. That gives us the necessary buffer. If now our parents cannot do sanitary/electrical work due to illness or or cannot do it after all, or or or, then we will need the buffer.

I don’t know if that’s “no problem” – if construction really is supposed to start in 4 weeks! and yet fundamental things like the basement and costs are still being discussed, I don’t think there can be no problems. If you align the biggest investment of your life with the party room and supposed social housing construction, and if necessary the parents have to cover everything, it could get interesting. Also with all those friends who provide free favors worth €100,000.

So for us, the basement is not up for discussion. The construction company is so busy that it doesn’t necessarily want/need to build the garage. We can actually decide that spontaneously. And you have to show a bit of understanding for my wife as well. Somehow you didn’t study only to then feel like you can’t afford anything at all. Much smaller house than her parents’ house, much smaller plot of land, and then not even the garage is included. That’s already frustrating.

So a basement is not an option for us.
The construction company is so busy that it doesn’t necessarily want/must build the garage.
We can actually decide that spontaneously.
And you have to have a little understanding for my wife as well. Somehow you don’t study just to then feel like you can’t afford anything at all.
Much smaller house than her parents’ house, much smaller plot, and then not even the garage is included. That’s really frustrating.

I really feel sorry for your wife...

I really feel sorry for your wife...

Yes, it is

So a basement is out of the question for us

That’s a shame. It would also be okay if there weren’t simultaneous whining tirades like this one:

Somehow you don’t study just to end up feeling like you can’t afford anything at all.

The basement has the lowest living and comfort value of all. I would rather pay a decent garden landscaper to design that oh-so-small garden so that it’s more than just a dead lawn area. I don't care if you build a basement. After 21 pages, I still haven’t understood what the added value should be. And then it just becomes downright silly to stick to it without a good reason.