Is the construction project affordable? 570 k€ loan with a 5300 € salary

Children are a gift and not a problem, people - when the house is built and there’s offspring, do you really think you won’t manage anymore? You then structure your life around the mortgage/house and just have to make some compromises.

Sure you always manage, but there is a difference between "managing" and "being happy." And nowhere here is it written that children are a problem. Not at all. I don’t understand why one has to rush the house purchase (unless it’s a mega bargain) instead of first adjusting to the new setting and seeing how new needs/perspectives develop. What’s 1-2 years of waiting compared to the probably decades-long repayment of the loan.

If the children come at the push of a button and you don't have to invest a few thousand euros in the desire to have children. This is also happening more and more often.

So financing the 570k with a net income of 5300 is absolutely Harakiri in my eyes. Now let the house become even more expensive and possibly children or something similar, that just doesn't work at all.

EiEiEi

... 700 euros warm rent also sounds more like a 2-room apartment, there will be many additional issues connected with the house that you currently do not have. ...

A cleaning person, for example, if the woman/man – or both – find(s) that the (additional) house/garden area is actually much more time-consuming to clean and maintain. ;)

The rate is once again too low. There should be a 3% repayment for that amount. That makes exactly €2000 + €400 monthly additional costs. If one can and wants to manage that with 1-2 children over 26 years, then go for it. Otherwise, build smaller.

The repayment rate is once again too low. It should be 3% for this amount. That makes exactly €2000 + €400 monthly additional costs. If you can and want to manage that with 1-2 children over 26 years, then go for it. Otherwise, build smaller.

At 1% interest, the repayment is €1900. 3% is a good value, definitely, but it can be reduced during the phase with children and when the phase comes where both work full-time again, it can be increased.