Is it possible to dream of owning a house without any equity?

A nice good day,

First, I would like to apologize to everyone, as some of my questions might really be stupid for some. But I really hope to get a few answers and tips here.

So our dream is to have our own house, but we don’t really know how to proceed, where we should best turn to in order to get as much information as possible about building a house.

First, the question is, where should one turn to first? Bank? Company? Which is better?

And secondly, is it even possible without equity? I would appreciate any answers + tips and thank you in advance!

First of all, you need to check your finances... The best place to do this is at your house bank. Have them calculate how much you can afford. But don't trust the banker too much, because here he said a monthly rate of 1500 was no problem. We see it differently and started our search with an upper limit of 1000 €.

But after the conversation, you have a rough idea of how much capital you have.

This is what a house costs. The answer is a lot of money. A new build of a house costs about 200,000€ without a basement... living space 140 sqm, smaller cheaper, bigger more expensive.
The land costs whatever it costs in your area... about 400 sqm is needed for a single-family house. Add another 8% to the land price for the notary and the tax (in case your state has a 5% property acquisition tax).
Additional building costs... definitely 25,000 but it can easily be 40,000.

Usually we have already broken the 300,000 limit. If your net income is less than 3000 per month, I would forget about a new build of a detached single-family house.
Sure, you can save quite a bit with your own work and cheaper providers, but definitely not 50,000.

It’s always very individual and you can’t make general statements here.

I would first turn to you yourselves.
Do you even have an overview of what you can pay off each month?
So first, add up the income.

Then take the bank statements from the last 12 months, a cup of coffee, and something to write with.

Then you first create a list of all regular expenses per month.
Items that you pay, for example, quarterly, you simply divide by 4, semi-annually or annually accordingly by 6 or 12.

When you have that, you have a list showing what goes out each month, or at least what must be set aside for quarterly, etc.

To that you add what you spend each month on gasoline, groceries, etc.

You subtract this number from your income.

If you are already renting, you know roughly how much you need for electricity/water.
You still have those expenses now.

In addition, I would deduct another 100 € to build reserves (repairs, etc.).

With what comes out of that, I would plan a maximum for financing. Rather a bit less since I have certainly forgotten something.