Hello,
is the land already included in your figures? If yes, what is the price here?
Regarding your question: I think you can easily set 2000€ as a monthly rate. That corresponds to about 400,000€ loan at current interest rates.
Moreover, the family planning is crucial. and how you plan to accommodate the children.
We were also two DINKS (Double income no Kids...) The world was rosy, we didn’t know what to do with our money, so we built
I’m exaggerating a bit right now...
Then the child came, my wife suddenly earned only 65% of what she did before... doesn’t matter, it still fit perfectly...
A year passed, she started working again. Half-time means half pay... still no problem.
But the child needs care, and that’s where the problems start if you were too generous before:
Our day care provider charges us 400-500 € per month. Which she honestly earned.
Additionally, the ticket for my wife costs 100 € per month so she can get to work. Then occasionally eating out with colleagues, or feeding the coffee fund, and suddenly maybe 10-20 % of her income is gone. That means I have to pay the loan and everything else like car, groceries, and insurance from my salary.
With the second child, it gets even less, because only 65% of 50% of the initial salary is paid out as parental allowance.
Also, straight away: we received a request from the tax office to pay 2800€ in taxes for the parental allowance year... so a full 2 months of parental allowance.
If your salary is around 2700 €, I advise you not to take a loan higher than 300,000€. Calculate only with your salary,
and take your wife’s salary as a bonus, as pocket money, or money for vacation/furniture/childcare or eventually for special repayments.
But from what it looks like, you are doing quite well.
Our figures:
We bought a plot of land for about 120,000.
Then built a prefabricated house (150sqm living space) with KFW55, wood stove, bay window, central ventilation system and gas boiler on a slab for about 270,000€. Incidental construction costs about 40,000€.