Is the dream of owning a home realistic?

This is a very nasty approach. That means although you have the money, you would rather pay over 3% interest on the incidental construction costs for at least the next 10 years.

Doesn't make sense, does it?

The alternative would be to put equity into the incidental construction costs and finance other parts (kitchen, painter, flooring)? Isn't that six of one, half a dozen of the other?

The alternative would then be to put equity into the secondary construction costs and finance other parts (kitchen, painter, floor)? Isn't that six of one, half a dozen of the other?

- Daycare is missing or later school is missing. - Living expenses will increase with a second child - Additional term life insurance for both is missing. - Savings for unforeseen events are missing. The €150 is not enough. - Clothing is missing. At least during parental leave, you are in the red every month. What you should have, I am assuming secondary construction costs without the outdoor area, without a broker, with land from the municipality where the land is developed and surveyed. Does that fit your situation? - €10k for house connections. With gas €12k - Construction electricity / water €2-2.5k - Construction site setup €1,800 - Possibly construction road €1,000 - Building permit €5k or exemption certificate €100 - If not, then surveying €3k - Construction insurances €700 - Chimney sweep €500 - Soil analysis €1,800 - Other fees €2k - Additional purchase costs for land without broker with land registry entry of €520k are €6k - Kitchen, lamps, furniture I leave out as I assume one should save for these until moving in. - Commitment interest not calculable. - Drainage by construction company is construction cost. Not calculable at the moment - Civil engineering / landfill are construction costs. Besides the listing, here lies the greatest pitfall. Not calculable at the moment. From my point of view, this is completely under the above assumption. All without guarantee.

So, grit your teeth. Save all ancillary construction costs completely and aim for 100% construction financing. Save this position (see above) until financing. At the same time, save for the kitchen and €10k for floors, lamps, and painter until moving in.

We had already tried to make a breakdown and see if we can implement it like this now. The start is this month:

4,400 income
- 1,800 loan
- 400 house utilities
- 580 car leasing (at that time we had continued calculating with leasing, now we are rethinking it)
- 400 fuel (more than before due to longer commute to work)
- 270 kindergarten
- 20 children's savings account
- 133 insurance BUs
- 100 TV/license fee
- 150 reserves

Leaves 547 for living expenses, leisure, clothing.. plus 2x child benefit.

Vacation/unplanned: from special payments (2x Christmas bonus, 2x holiday pay, 1x profit sharing)

As I said, we would start from this month and see if we can live like this already. Of course, it will hurt here and there.. But we have to get through it. And if we find it doesn't work at all, then we will look for a rental apartment..

Is the above realistic? Did I forget anything?

So 900€ for food and entertainment per month. Is that enough? I say no.

547 remain for living expenses, leisure, clothing.. plus 2x child benefit.

Is that realistic above? Did I forget something?

I also find it a bit tight. Leisure, especially with children, can be quite expensive. Without children, costs for sports, eating out, clothing (winter clothing), gifts, etc.

Christmas bonus and special payments for electrical replacement, vacation, furniture and such should fit, though.

But take a look.

By the way, kitchens are rarely financed through the construction loan.

The alternative would then be to put equity into the ancillary construction costs and finance other parts (kitchen, painter, floor)? Isn't that six of one, half a dozen of the other?

That’s true, but it is a signal that right now is actually the wrong time, because equity is lacking. A marginal difference can be that kitchens are often offered with 0% financing. It would be silly to pay that in cash and then have to finance the amount for the ancillary construction costs expensively over time.