What house construction options are available under these conditions?

Yes, how much do you want to spend???

Take a look at the usual portals to see what existing properties in your desired size and features cost in your region. Then you will roughly have a budget framework.

If you buy land and house with additional costs (linked transaction, existing property, possibly a broker), then the €45,000 can be spent on additional costs alone, the rest goes into the kitchen or remains as a reserve. That would be a 100% financing.

The salary is all good, only parental leave needs to be managed financially.

But as I said, without details about the land, house, or wishes, you can wildly fantasize in all directions.

I see the little equity critically. It is a 100% financing since you will not receive ancillary costs and kitchen from the bank. If you calculate like the colleague above, you come to about €600,000 loan amount. Phew, whether you really want to put yourself through this? You have to decide that, but for me it would be too much. Suggestion: save at least another €100,000 and then start with the house construction.

Then I'll build a fantasy house now, okay? Plot 500sqm * 300€ + additional costs = 160k€ House 170sqm * 2000€ = 340k€ Large garage OR basement = 40k / 60k ~ 50k Additional building costs + ceiling + floors + buffer + exterior = 40 + 15 + 15 + 20 + 20 = 110k€ Total = 660k€ To finance 610k€ With 20 years fixed interest you get: 2.11%/year 2100€/month + 350€ additional costs = 2450€/month And after 20 years there is still a remaining debt of 300k! 1/3 of your monthly income = 1933€ And from here it hurts. Personally, I would save until you crack the 80% hurdle and then build. Hope I could help a bit (all subjective - people will come and say "this is all calculated too expensively" etc.)

Thank you very much for the example calculation. I also prefer to calculate more conservatively than to be surprised later. If it doesn’t work, it doesn’t work. However, we were actually thinking more of a house in the 400k range (I just didn’t want to mention the limitation beforehand because I want to see exactly such calculations ). The house should also be more in the direction of 140-150sqm, since it also has to be kept clean.

Yes, how much do you want to spend???

Take a look at the usual portals to see what existing properties of your desired size and features cost in your region. That will give you a rough budget.

If you buy both the plot and the house including additional costs (tied deal, existing property, possibly a realtor), then the €45,000 for additional costs alone can be gone, the rest goes into the kitchen or remains in reserve. That would be a 100% financing.

Salary is all fine, only parental leave is something to deal with financially.

But as I said, without details about the plot, house or wishes, you can fantasize wildly in all directions.

We would like to stay in the range of 400k +/- ~10%. The other question is of course whether this is even realistic for our ideas (140-150 sqm). Parental leave also worries me a bit; are there any general "strategies" to manage it? My wife plans to work at least 80% again afterwards, but 1. things always turn out differently, 2. than you think.

I see the little equity critically. It is a 100% financing because you will not get the additional costs and kitchen from the bank. If you calculate like the colleague above, you come to about €600k loan amount.

Phew, whether you really want to put yourself through that? That's for you to decide, but for me that would be too much.

Suggestion: save at least another €100,000 and then start building the house.

That is sobering. It will still take 2-4 years until we have saved €100k. But okay, I didn’t want any rose-colored calculations here, just realistic assessments, thanks!

Suggestion: save at least another 100,000 euros and then start building the house.

I feel the same way - with your saving potential that should be on the account in 2-2.5 years (if you really save).

The house should also be more in the direction of 140-150 sqm

Then just enter your values into the calculation and see what comes out ; )

That is sobering. It will still take 2-4 years until we have saved 100k

You can also already buy/pay off a plot of land. Land = equity. Best regards

First, as an immediate measure, claim your tax refunds. Why wait? Otherwise, the money will be missing when you need it and time is tight. Until it really starts, increase the savings rate.

Otherwise, you can refine the entire financial planning, look for providers, have discussions, etc. You can also somewhat control the price through the size and location of the property. Provided there is a choice. The previous planning figures are really rough.

Parental leave, well.. there is parental allowance for one year, but whether one year is enough is unclear. Childcare also costs afterward. Sometimes just meals, elsewhere there are hefty fees and no available spots. Such things could already be researched. Maybe the first child will come before the house construction, then you will know how you manage financially with restrictions.