Is ownership possible? Apartment / small house

Yep, even if he is at home, you as a mom will still be put to the test (nighttime breastfeeding, possible stomach aches, etc., ergo sleep deprivation) but somehow you manage to cope ;). The regulation should be in the lease agreement. Otherwise, I'm not well-versed in that...

What if the child needs "more" care than "usual"? Simply saying "I will continue working" seems quite "naive" to me. In short: income is okay, but equity is too low. You should save at least 20%... better 20% + incidental building costs! Everything else is and remains "unstable" :) Regards, Steffen

What if the child needs "more" care than "usual"? Simply saying "I will continue working" strikes me as quite "naive."

In short: income is okay, but equity is too low. You should save at least 20%... better 20% + incidental construction costs! Everything else is and remains "shaky" :)

Regards, Steffen

You mean purchase incidental costs?
There will be no incidental construction costs with a second-hand purchase ;)

I wouldn’t want to take on a renovation-needy apartment in an old villa: in the end, a lot of money will be wasted on the apartment and it will fall apart around you. With a condominium, there is always the second rent, meaning the shared costs; that can become a bottomless pit.

Brief regards

first financing consultation (initially relatively non-binding, we will bring 2 properties that we could imagine, but only exemplary at first).

At a bank, BSK or a financing broker/advisor?

I ask because banks/BSK are usually limited to their own products or their own criteria.

[*]For example, savings banks are usually much more conservative when it comes to the question of equity than other banks.
[*]Certain partners also see renovation differently. Some completely value-enhancing; others make deductions (meaning the loan-to-value ratio gets even worse than it already is for you).

If the conversation is at a bank or BSK, definitely also visit a broker like Interhyp,Dr. Klein, etc.

3 rooms, 65sqm renovated old building apartment + cellar. The lease still runs for almost a year, we definitely want to continue living in the apartment for that time.

840€ warm (incl. parking space)

Don't forget. The additional costs for a condominium or a house are significantly higher than the additional costs for a rented apartment. For a house, you estimate about 2.5€ per sqm. But it can also be more depending on the "age" of the existing property.

and for the fact that you are then paying the mortgage for someone else.

Often heard. But not entirely correct. As an owner, you not only have to service the mortgage, but also finance all maintenance and repairs. With a house, you have a bit more control (after all, you decide alone); with condominiums, the owners' association can majority-wise "generate" costs.

from 1930, however, a lot has already been done to it in recent years

With existing properties, I would always have an expert inspect the object before final purchase. Sometimes renovations are only done for sale purposes.

In short: income is okay, but equity is too low. You should save at least 20%... better 20% + ancillary construction costs! Everything else is and remains "unstable" :)

More is always better. At least you should cover the additional purchase costs from equity; that way, significantly more banks offer themselves as partners.