ᐅ Is the dream of owning your own home realistic?

Hello, my girlfriend (22) and I (23) want to build a house in about 2 years. Right now, we have savings of 20,000 euros and plan to increase that to 35,000 euros in 2 years. We each have 2 home savings plans running. The land would cost 50,000 euros. We want to build a “normal” single-family house without many extras for 180,000 euros. Is this realistic, or will it be more expensive? My salary is 1,450 euros and my girlfriend’s is 1,150 euros. Since we both still live with our parents, we don’t have to pay rent. Having children is not planned yet 🙂 . I’m not very familiar with this field, but I would appreciate some good advice from you. Thanks in advance. Best regards, Chris

Hello Chris,
I think your planning looks good, but you should also think about the future because having children often comes as a surprise, and then you should be able to live on one income.

Regards, Sam22

Hi,

the amount of equity seems to be sufficient, and your salary is probably fine. That’s net income, right? Try to do some of the work yourselves if possible, as it can save you quite a few thousand dollars. 🙂

by Schatzi

Equity Capital

Hi,

when we asked the bank, they told us that you should have at least 25% equity capital, 30% would be better.

Regards, Angie

It is clear that the more you can provide yourself, the lower the installments for the loan will be. You should take advantage of the low interest rates currently being offered for as long as possible. However, if you are financing through a building savings contract, the interest rates are already fixed until the end of the term.

Best regards, Rocky

Hello,

if you want a house in this price range, a prefabricated house would be the right choice for you. There are building centers everywhere where you can view the houses. Or you can check if there is a show home near you.

Best wishes,
Michi