New construction financing single-family house 150 - 160 sqm

You can also start with a condominium in your mid-20s - as was quite common in the past. Or rent cheaply until the first child and save a lot. There's not just the option of property for 500,000 or being a tenant for life. Especially children change couples in their relationship so drastically - after that, many things are no longer as imagined.

I agree with you too - it always depends on the wishes of the future builders or property owners.

I have dreamed since I was little of a detached single-family house - not a condominium! It's hard to start with something else. Besides, my house in my current hometown (the hometown of my wife) should also be the first and last house. I don't want to wait another 10-15 years to possibly have my own single-family house. The earlier I have my little house, the more I benefit from it and the more my children benefit from it too. To be honest, I am certainly building the house 70% for my hopefully future children.

But this is exactly where couples differ, and everyone has to decide for themselves whether they are willing to give up certain other things or not :) Unfortunately, there is no ONE solution.

And I actually know it differently from earlier. Back then, everyone had their own house in their mid-20s :D At least in our more rural regions.

I’ve already read quite a bit from you on the topic of building with children and I think your posts about it are great :)

I completely agree with you and find the salary with child(ren) calculated a bit optimistically. The salary may develop positively, but childcare is not free everywhere either, and your good tax class is paid for by the part-time partner with a (very) poor one. I would definitely make sure that the repayment can be adjusted so that it works out well in the years with parental allowance and with little kids in general.

Without going into the numbers in detail, I would be interested to know how you imagine your wife working part-time after the child?

First of all, it is safe to assume that she will stay completely at home with parental allowance for the first year. And then? Immediately 70% part-time after one year? How will the childcare work?

We had that plan too, but now we have discarded it and my wife is staying at home for the 2nd year as well. No money coming in. I have already reserved 25k from our savings for that. ;)

Just as a thought. With a child, a lot usually runs differently than what you imagine/wish/dream of as a childless couple ;)

Who will take care of the child when your wife goes back to work? Will there be costs involved?

I have already read quite a bit from you on the topic of building with children and find your contributions great :)

I completely agree with you and find the salary with child(ren) somewhat optimistically calculated. The salary may develop positively, but childcare is not free everywhere and your good tax class is paid for by the part-time partner with a (very) poor one. Therefore, I would definitely make sure that the repayment can be adjusted so that it works out well in the years with parental allowance and especially with a toddler.

Thank you! What is also missing in the hypothetical calculation – if the woman goes on parental leave with the first child, then her parental allowance is calculated based on her last net salary. If she then works part-time in tax class V after the first child, the parental allowance for the second child shrinks considerably. This usually leads to the man taking no significant parental leave, and if one is not a civil servant, this can professionally be a dealbreaker.

I think you are well positioned and would only advise to make sure that the repayment rate can be adjusted once there is a need.

As long as there are no children, you can repay more, and when the lady of your heart is pregnant, you can scale it down.

Additionally, not everything always goes according to (time)plan. It can also happen that the pregnancy takes its time, doesn’t work out at all, or happens faster than expected, etc.

In my opinion, if you always consider all eventualities, you can’t do anything anymore. Here, it’s not like there is an income of 2500 Euros for a 500k loan, where you have to panic.

I would do it.

Also completed a similar financing at around your age. Currently, we both work with a net income of 5.5k. As long as this is the case, 2% is repaid and 1% of the repayment is invested in ETFs over 20 years. Once parental leave comes, we will just cut back on one thing or another for a few years, which should be absolutely no problem. An important component here is also that our loan is flexible (repayment changes between 1 and 10% are possible). Since we still have about 37 years until retirement, I see no problems at all. Additionally, there is inflation (debts become less valuable) and salary increases (due to inflation and, among other things, because I am a career starter). Buy and don’t overthink it. I even think it’s good to buy before the children arrive. Then you can set it up nicely once (when the money is there) and have peace for several years afterward.