Property acquisition - Is the construction sum financeable?

Well, the woman could or would have to take up her full-time job again in 3 years, otherwise it expires (would be about 500 net more). I will get a small raise of 60 euros at the end of the year..

I work for a supplier.. ig Metall, so I get my percentage increases every 2 years. In the next few years, there will surely be a little more... 300 400 gross

Currently, with child benefits, vacation pay, Christmas bonus, and premium, we average about 3900



These 100k from the employer or me are savings contributions from me and vwl that flow into a fund... it's just a current status the 100k (of course it can also be less or more)

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Furthermore, when I retire, I will still receive about 100K from my employer and I will also inherit a large single-family house that I own one third of (current value about 600K)

100K from the employer? What is that supposed to be?
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Although it's off-topic, still: There are companies that offer excellent retirement benefits. For example, some colleagues of mine retire with around 600K in assets. Of course, they have also contributed themselves. Nevertheless, just from the employer's share, more than 100K in assets accumulate. Compound interest of around 5% over the years says hello.

Well, the price here is really a lot for the plot. It's right in the city....

I would also buy it and wait, but unfortunately that’s not possible because there is a construction obligation of 2 years here.

I would need a loan of about 380,000, would get various things like the kitchen etc. from family... which reduces the offer from 329 to 317 (kitchen price removed). The offer already includes some upgraded items and work, garage etc. Only paving work and garden would be added. I can still live with a residual debt after 30 years, as I would then repay it through inheritance etc.

Really a difficult decision, no new building areas will definitely be created here in the next few years.

But it almost seems impossible

Even if you don’t want to hear it, it doesn’t fit! The average price per sqm is 2000, more like 2200€. On top of that come incidental building costs, outdoor facilities, garage, upgrades etc... with everything included you’re at a minimum of 450k just for the house and everything around it, plus the purchase price plus incidental costs for the plot! If you don’t want a really nasty awakening, that means tightening the belt very hard and do you want that with a small child? The initial question was whether to do it or rather leave it! In this case better leave it! Sorry but honest assessment!

Hello, the loan amount still matches the income. They are only working hard for the house.

The problem is simple: you don’t know what loan amount you need, and in the end, when you think everything is safe, you’re still missing a high five-figure sum until everything is finished and you’re satisfied—and I’m not talking about 20k€. We don’t calculate without reason with 2,200€/sqm of living space (excluding basement) + plot x€ + 30k€ ancillary construction costs + 20k€ minimum landscaping + 20-30k€ garage + kitchen 15k€ + 5k€ for small stuff.

If you can handle that amount and not just vegetate with the rest, otherwise leave it. Mentioning inheritance and pensions in 30-40 years as an argument isn’t really positive either, is it? You have to service the loan now and live on what you earn. Everything else is more like rose-colored glasses.

We have also built with Dennert; if the price is stated like this in the offer and the equipment provided is OK for you, then you will also get the house from Dennert for that price.

However, I still consider the overall calculation to be too tight (additional construction costs, interior work, etc.) and the loan is also a heavy burden compared to the income. Many things are possible, but I would think carefully about whether you want to commit such a large amount of money.