What kind of house is suitable for us?

Hello,
a brief introduction about us (she 24 / he 25).
Both have permanent jobs.
She is a physiotherapist / he is a technician in the public service.
Income: She 1300 net / he 1450 net (salary increases with pay grade advancements).

Rented apartment: currently 490 euros warm rent for 2 people with about 75 sqm.

Property worth 65,000 euros available and paid for.

Equity of 15,000 euros available.

Outdoor facilities such as fence, paving will be taken over by my father (construction contractor).

We save 1,000 euros monthly and put it into our instant access savings account.

We don’t have any children yet, which is supposed to change next year.

What do you think we can afford for a house?
Or should we wait until 2020 to buy a house to save more equity and build a passive house (from 2020 that is mandatory, right)?

Hello

looks very good with you. Lots of equity, land available (paid off?). High savings rate. Even if children come and the wife goes part-time, I consider this a very good starting position.

Whether you want to do it now or keep throwing money into the landlord’s mouth I cannot judge.

250,000 should be feasible (6% / 4% interest + 2% amortization) 1,250 € per month, repayment 20 years.
Include Kfw & choose a long fixed interest period of at least 15-20 years, allow for special repayments.
You can get advice by phone, for example at Interhyp. They do a household calculation.
Many here have had good experiences with Interhyp.

Hello Henny, if your father is a building contractor, why doesn’t he build the whole house, or rather the shell? You can save quite a lot if you have Vitamin "B"...

Regards Fragri

I am not as optimistic about this as HilfeHilfe.

With a desire to have children, income quickly drops. Parental allowance currently amounts to 65% of the old net income.
If you want/need to stay home longer than 12/14 months, it gets even less. With a second child, it can potentially be even less.
Depending on the federal state/city, childcare after the parental leave can also be correspondingly expensive.
In addition, costs increase massively with a child. Our little one is now 3 months old. Although he still feeds from mom, the amount for our weekly shopping has increased significantly (diapers/changing mats/wipes/medications). Then there are the expenses for clothes, the nursery, the stroller, the car seat. Electricity and water consumption as well as the number of trash disposals etc. also increase considerably.

Despite parental allowance, we have a little more than you and can for now only afford a payment of about €900. If anything is left over, it will be used for special repayments. By the way, we had a little more equity than you.

So if you still want to have children, with the current income it will be a tight situation.

@Musketier I kind of expected that. 65% parental allowance is really not much. We are both not married yet. It would certainly be wise to get married (we want to anyway) and for my girlfriend to take tax class 3 and thereby receive a higher net income and parental allowance for the 12 months. She definitely wants to work again afterwards. My mother works from home and can certainly also take care of the child sometimes. We are still considering renting until the child is old enough and she can work full-time again. Accordingly, it wouldn’t bother me to start building in 2020 and still save equity. But a house in 2020 will surely be significantly more expensive since only Passive is allowed, right?

Starting situation good, equity good, civil engineer in the family also good.

Unfortunately, your salary is too low if you want children. Assume that everything your wife earns goes to the child. Parental allowance is subject to the progression clause... meaning it is not completely tax-free... expect additional tax payments. So the 65% is also just an illusion. Additionally, with a child you will be on the road more, meaning more fuel consumption, diapers, creams, and so on... medications are free with a prescription. Clothing must be regularly purchased if you don't get everything as a gift until the first year of life.

My wife now earns 1000€ net again (formerly 2200 net) after her parental leave. This money mostly goes to the ticket, food at work, and daycare. Not much is left over. If you build conservatively, you will probably manage with a 150,000€ loan. Which corresponds to a rate of about 750€. That would be almost half of your net income. In addition, a house still costs around 300€ monthly in incidental costs.