What financial options do we have for building a house?

~6000 EUR income with ~half a million in external financing? Seriously? All of this without equity. The 40k in the daily allowance account is not even enough for the incidental costs.

We financed 500k externally, which I almost find too much. However, this is offset by 300k equity and a significantly higher income.

Regards, Steffen

Oh, I see... and €250,000 to €300,000 for a house with a basement also seems like wishful thinking to me.

Oh, and €250,000 to €300,000 for a house with a basement also seems like wishful thinking to me

We pay that....€290k for the house with basement (white tank) but only for the house (excluding incidental building costs) so not wishful thinking

: It's all a matter of priorities. The financing is about the same for us, just with a bit more equity. And that works too.

Thanks in advance for your assessments. That was exactly my intention -- to gather opinions.

Thanks for your contribution. I understand that you would not make the financing at this point in time if you were in my position. What would be a good plan from your perspective given my (described in the initial post) situation?

300k for a house with a basement didn’t seem completely unrealistic to me either... Thanks for your feedback.

Thanks for your assessment. May I ask how much equity you had?

: We have €80,000 in equity. What I had forgotten, however, is that we finalized our financing at the end of April, at the lowest interest rates and also had a very good connection to a bank. That significantly lowered our interest rates and thus the monthly payment. Now, that might be harder to achieve. But on the other hand, your household income is currently somewhat higher. My wife is currently receiving parental allowance for the second child.

With that amount, you have to be aware that you have to make compromises. You don't live just for the house, but you look at the money much more carefully. After all, you want to be finished sometime.