Your opinion: Is TEUR 370 financing feasible?

Actually, it is precisely the desire to have children that drives us to leave the apartment. We currently pay little rent and live in one of the best areas of Cologne. It is quite alarming. We once calculated with a repayment of 1600€ per month, but found that too high. To look at it the other way around: what would be a recommended loan amount for a repayment amount of 1300€?

approximately €250,000.

Hello

you can also always fairly easily do cross-calculations, for example via the Interhyp website. It could certainly be doable. Since you have such an immense desire for children, you surely already know that luxury (which can include vacations) and major sacrifices have to be foregone. And if the woman works, daycare/nursery must also be paid for.

How about the private health insurance [PKV]? New kids have to be additionally insured there as well. Retirement provision?
You would certainly manage to finance it. However, not with €1300 per month.
Try it out at Interhyp.

Private health insurance is not an issue; as a civil servant, the kids cost €30/month due to the supplementary aid tariff.

Retirement provision... as a civil servant I receive 70% of the last salary as a pension.

What you might want to consider in all your planning: the resale value of the house. Or the possibility of separating an apartment (perhaps for a child + partner and child). If you build big now, you will have a lot of trouble maintaining the house later.

I currently see this with my neighbor... they all built very generously. Partly 200-400 sqm of living space. And everyone complains that the house is way too big and takes too much work. We could easily fit 3 children's rooms in our 145 sqm, two of which are almost 20 sqm each. I wouldn’t know what to do with 200 sqm of living space :) It’s already more to clean than we like :)

Are revenues from the sale of inherited houses (in about 20-30 years that would be the case) factored into something like this?