Single-family house: Is the rate realistic? How much house can we afford?

I would like to put this into perspective a bit or describe it from my point of view. Here in the forum, it was often said in the past that max. 40% of the household net income

From my point of view, a problem is that many financing plans are completely stretched to the limit and no buffer is built in.

Another problem with existing properties, in my opinion, is the misconception that the renovation can be stretched out bit by bit over years because you want to reduce the financing amount that way. Where is the money supposed to come from, for example for a garage, if everything is already tight? How is the money supposed to be saved?

The problem of the installment up to the (then possible) maximum, over the 40% (which actually only makes sense for really high earners), is surely especially nasty now – if suddenly energy and living costs rise so much that it no longer adds up overall. This applies to both new buildings and existing ones. The latter, often with the neglected modernization, is now becoming a huge problem. The old building is no longer economical to heat, but already at purchase there was no money left for renovation. Where is money supposed to come from when there was no room in the budget to borrow enough money for everything necessary even at almost zero interest rates?

The problem of the rate up to the (then possible) maximum, above 40% (which actually only makes sense for high earners), is certainly getting especially nasty now - when suddenly energy and living costs increase so much that it no longer adds up overall. This applies to both new builds and existing properties. The latter, often with neglected modernization, is now becoming a huge problem. The old building is no longer economical to heat, but even when buying it there was no money left for renovation. Where is the money supposed to come from if the budget already had no room to borrow enough money for everything necessary at almost zero interest rates?

I see it the same way – for some, it will be very tough in the coming months, and sometimes the dream will then burst.

I spontaneously think of a colleague who renovated last year and saved on the facade insulation. Back then, so 1 to 2 years ago, it was already so expensive that one always wondered if the cost would ever be saved again. In hindsight, the answer is a clear yes. But I don’t even want to know what insulation costs today after all the price increases (plus interest).

Relatives live in a house from the 1950s. Not insulated, gas heating. Payment on account 2021: 95 euros Payment on account since autumn 2021: 200 euros. What about this autumn? 500?

Who is supposed to pay that?

We will hopefully be off gas by October at the latest... Although then oil, but that currently seems to be the lesser evil

who is supposed to pay for that?

And both have an impact on the inventory prices - no one buys these houses anymore at the previous prices, because comprehensive renovation and insulation beforehand is mandatory, simply moving in is just crazy. With the current modernization costs, the purchase price must then be significantly lowered to make it even interesting..