ᐅ Dreaming of a House: Realistic Goal or Just Wishful Thinking?

Good evening,

I have been considering for some time now fulfilling my dream of owning a home. However, there are some factors that make me doubt how realistic this really is, or how much I could afford to spend, if at all.

Here are the basic conditions:
I am 40, single, and plan to cover the entire financing on my own, both now and in the future.
No children, equity of 100,000, income currently around 4,200, with a very likely increase of 15% over the next 3 years.

My additional expenses are very low, as my employer fully covers my car and mobile phone. What is important to me is a nice garden; the house can be smaller, since I will be living alone. I could save quite a bit on the interior finishing.

So, I would appreciate your opinion and assessment... should I really go for it, or would it be better to hold off?

Best regards

Where should the house be located? How large should it be... and what should it ultimately cost? With the equity and income available, it is possible to finance a single-family home.

Where exactly?
What is your budget?
How large and what kind of features?
Do you already have a plot of land?

Of course it’s possible, but why build a house as a single person? Either it has a suitable size for one person, but you have to move out when a partner and children arrive, or it’s way too large for just one person alone. How do you plan for the medium term?

As previous posters mentioned, please share some details about your project.

Bedroom, living room, office, and maybe a hobby room. That would already be like a four-room apartment. Too big for a single person, but too small for me as a family, which is why I opted for a house.