New construction project with this household income

You want to buy inventory? You're basically trading savings rate for credit. It can work, you are good savers

So-so. I wonder why there isn't more equity available. If you can save 1400 EUR/month, you would have saved up the 43K equity in about 2.5 years.

What did you do with all the money you earned in your 20s and early 30s, especially since there were no children yet.

After building the house, the housing costs would increase from €650 to about €1,500 (interest, repayment, and additional costs) and accordingly the savings rate would then be lower.

You want to buy an existing property? You are basically exchanging savings rate for credit. It can work, you are good savers.

No, house construction.

The question is whether it will remain at €320,000 and if the calculation is correct.

It’s about a new building. 350k for 120 sqm. 500 sqm plot. The numbers already fit. But that’s not what I meant.

We have already been to a bank and a financial broker. From their perspective, it’s no problem. But what does that really mean. Nowadays, banks give a loan to just about anyone who comes along. So, the statement from a bank is relatively little use to me.

The financing is planned for 30 years. Also, we don’t want to keep the house at all costs when we are retirees. So, we are not averse to selling it then and maybe buying a small condominium. But none of that was my question.

Regarding the savings rate and equity, although that wasn’t my question either, I would still like to respond:
First vocational training, then high school diploma, in between civilian service, then university and then the first job - at 27. As you can imagine, this was not so well paid 10 years ago either. Five years later, it was time to repay the Bafög. Two job changes and for one year in the current job with the above-mentioned salary. Oh yes, in between also parental leave. It all costs. Therefore, I find the 43k equity not bad.

I also think that you will get financing, but you will already be 66 in 30 years, so maybe not every bank will go along with that anymore. It is certainly manageable. However, you should also consider whether the 320,000 is really enough for a new build. (here there's a nice thread about the additional costs that almost always arise). Personally, I would feel uneasy being in debt until retirement age and/or signing a contract for the next 30 years, but I think everyone is different in that regard. By feeling, you are living cheaper as tenants than as owners, but that's hard to compare since you do have more quality of life when you own a house. Also ask yourselves whether you are living twice as well as you are paying at least double.

Also ask yourselves if you live twice as well since you pay at least twice as much.

Yes, now. But it doesn’t remain double because rents increase. Who knows what you can rent for the money in 20 years.

So-so. I wonder why there isn’t more equity capital. If you can save 1400 EUR/month, you will have saved the equity capital of 43K in about 2.5 years.

What did you do with all the money you earned in your 20s and early 30s, especially since there were no children yet.

Lived?