Is it ever possible to finance a house?

Nothing is going anywhere of course. But we simply know that we don't want to stay in this overpriced apartment for 5 more years, but a maximum of 2 years. And therefore the question was simply whether you think it could ever work. And why none of the saved money was left, well, because a few years ago we decided never to acquire property because none of us could sleep peacefully with so much debt in the bank. Now we are older and think differently. Of course, we won’t be too old to buy a house in 5 years. I will just sit down with my husband again and calculate everything. We both also receive a 13th monthly salary each, and I get a profit-sharing once a year, so there is still quite a bit to save. And the household budget plan is not so bad, we will tackle that next month. Thank you for your opinions.

Of course, nothing is going to run away from us. But we simply know that we don’t want to stay in this overpriced apartment for 5 more years, but a maximum of 2 years. And so the question was whether you think it could ever work.

That depends on how much money you need. How much you can/want to pay back monthly.

We only know fragments and the income you might have one day. So no basis for meaningful statements.

Not having equity is initially indifferent to many banks, but they compensate for that alone with interest surcharges. If unexpected costs arise during construction, additional financing is probably necessary and even then the bank dictates the interest rate.

The risk with zero equity does not only exist for the bank.

If you get €350,000 from the bank, that is a lot. Whether you can then sleep more peacefully despite being older, I leave up to you. And whether the money is enough for house and land is written in the stars.

As soon as your child starts school, you need 500€ again for [Hort], otherwise full-time work and school won't work out. Don't overestimate your future income. You can take it easier for a year or two, but then working only for the house isn't nice either.

According to the Mannheim rent index, you are paying a little too much, but not dramatically too much, so you should calmly inquire at banks about what you can manage in 2-3 years and at the same time look at properties, including used ones or [ETW]. Depending on the desired residential location, this will also ground you in Mannheim.

Best regards Dirk Grafe

I always wonder why it has to be a house right away? Why for 3 people not an apartment that is a- cheaper (mostly) and b- less stressful

I think the biggest uncertainty is the topic "work after parental leave." What you plan and what actually happens do not always have to match. I also thought I would have a decent income after graduating. In fact, I receive a pension in the pocket money range until I reach retirement age. So nothing came of the income. A friend was reassigned to an impossible position after parental leave in her also very secure job because her employer wanted to force her out. Although you have the right to continued employment, you do not have the right to the old position. If you get a job with business trips every 2 weeks as a young mother, that's the end of the secure job. My friend resigned voluntarily anyway. Now she is a full-time housewife. Surely that was not planned either. From various conversations with other mothers, I learned that many experienced the same. I would therefore at least wait until it is absolutely clear how much money is definitely available. So wait out parental leave and then at least another 2 years. The bank will not include income that may soon be available anyway. They only calculate with secured income that has already been flowing for a certain period.