Is financing a single-family house feasible for us?

Our installment will be €1,550 + about €250 additional costs. I personally find that already very much.

That is always a very subjective feeling and of course it also depends on which other liabilities are still deducted from the net income (possibly maintenance for other children/former spouses, car loans, ...). For example, I wouldn’t know where your remaining 4.2k that you have left per month should even remotely go.

How many children are planned? 160 sqm + basement is very much and either 160 sqm without basement or about 140 sqm with basement is actually enough for a family with 2 children. It helps you if you break down the household costs for yourselves once and see what is still left at the end of the month. Currently, we only know that with an income of 5k euros, 1.8k euros installment and about 400 euros additional costs are deducted monthly. All in all, that leaves 2,800 euros per month for food (dining out), car, insurance, retirement provision (probably rather secondary for civil servants). You should increase your levels until the planned children arrive, however, during parental leave you will initially have less money available.

If you generally live large and the 2,800 euros leftover budget per month is tight, then I would indeed reconsider or make compromises in the construction. If the money is easily sufficient, then I would do it. Until the children come, you can also fall back on the savings that you can put aside in the next 5 years.

Net income (both civil servants): 2500€ each, so 5000€
Children are planned in about 5 years

Both civil servants, with that income and no children so far, 1,800€ is quite alright.

That means that with additional costs and reserves, exactly one salary will go towards the house.

Everything else must(!) be covered by the second one. No matter how high it may be – even if a child comes and expenses increase and the person goes part-time. Also, at least two children ("KindER) are planned, and I fear that after the first child, one will probably reconsider having the second. I would find that very unfortunate!

well isn't there a go back to START

otherwise it gets tight when kids are around and part-time work comes into play. then even for civil servants the salary doesn't rise as much as for freelancers

That means that exactly one salary will go towards the house with additional costs and reserves.

Everything else must (!) be covered by the second one. No matter how high that may be – even if a child comes and expenses increase and the person goes part-time. At least two children ("childREN") are planned, and I fear that after the first child, one will very much reconsider having the second. I would find that very sad!

Until the first child arrives, both already earn a bit more.

Until the first child, you can save a good amount of money, IN ADDITION to the loan repayment. You can fall back on that money when the first child arrives (if necessary, you also get child benefits). After 2 years you go back to working part-time and everything is easy again. You do exactly the same with the second child.

I don't really see a problem there. Of course, money becomes tighter if one partner stays at home for 2 years, but if you have also saved up a good cushion, it is not an issue at all. You just have to watch your money a bit more during that time, which I don't really find bad.

No second child because of a €1,800 loan with CURRENT income of 5k and two civil servants? Come oooon each child even adds another hundred for every civil servant xD

But yeah.. @TE: You see --> Everyone here has different opinions and ideas. You really have to adapt this precisely to your financial situation and also know where you can compromise and what you can do without, etc. The expectations of the current generation are sometimes very, very high, which is why I can understand that €1,800 would be way too much. That would never be the case for me. So it really depends on what you do with your money.

Such a thing is always a very subjective feeling and of course also depends on what other liabilities are still deducted from the net income (possibly alimony for other children/former spouses, car loans, ...). For example, I wouldn't know where even remotely your remaining 4.2k per month that you have left should be going.

Apart from the house financing, no other liabilities. New car paid off. Second one also there and paid off. Despite all this, we are both very risk-averse. Therefore, we plan with at least €1,500 savings rate after the house construction.

We can roughly carry out the calculation for the two:

Income:
- €5,000 net

Expenses:
- €1,800 installment
- €400 ancillary costs (€2.5 per sqm)
- €1,000 food/clothing/cosmetics/household supplies/hairdresser visits
- €400 (2x cars, gasoline, insurances)
- €200 (house reserves)
- €100 (streaming/mobile/internet)
Total: €3,900
Remaining: €1,100
But things are still missing such as:
- Private health insurance (already deducted from income?)
- other insurances?
- if children come, how much does the income then decrease?
- holiday reserves?
- hobbies?

Calculated roughly. But can be gladly supplemented by OP. But please rather estimate higher than too low.

Except for house financing, no other liabilities. New car paid off. Second one also there and paid off. Despite everything, we are both very risk-averse. That’s why we plan with at least €1,500 savings rate after the house is built.

We can roughly do the calculation of the two:

Income:
- €5,000 net

Expenses:
- €1,800 installment
- €400 additional costs (€2.5 per sqm)
- €1,000 food/clothing/cosmetics/household supplies/hairdresser visit
- €400 (2x cars, gasoline, insurance)
- €200 (house reserves)
- €100 (streaming/phone/internet)
Total: €3,900
Remaining: €1,100
But things are still missing like:
- Private health insurance (already deducted from income?)
- other insurances?
- if children come, how much does the income then decrease?
- vacation reserves?
- hobbies?

This is roughly calculated. But the OP can gladly add to it. But please estimate rather too high than too low.

Private health insurance probably comes separately, that’s how I know it. I think it was already deducted from the net income, I hope at least for the OP.

Otherwise, per person, quickly €250 less are available.

The €1,000 item is also calculated quite high, but yes, better too much than too little.