Dream of your own home: tips for young buyers in uncertain times!

Dream of your own home: tips for young buyers in uncertain times!

More and more Germans, especially young people, dream of their own home. Over 80% of 18- to 44-year-olds strive for this goal, but implementation is becoming increasingly difficult. Rising real estate prices, high construction prices and financing interest put under pressure. Laut merkur.de sind häufig fehlendes Eigenkapital und ein zu geringes Einkommen die Hauptgründe für das Scheitern beim Erwerb von Wohnraum.

to own property symbolizes for many security, stability and success. However, a study shows that younger generations in particular prefer to rent and remain flexible. Psychologist Michael Alexa recommends reflecting on personal life planning honestly in order to clearly define your own goals.

Fine financing gaps

To overcome financial hurdles, there are various strategies that can make it easier to buy a home. Some effective suggestions are listed below:

• Building savings contract: Receive the low loan on non -assignment -ready credit.
• Basic debt of the parents: Use paid -out properties of the parents as equity.
• Riester contract: Use belt for the acquisition of property tax-free.
• Comparison of equity: banks have different criteria for equity assessment.
• Family aid: ask relatives for financial support.
• Combination of the options mentioned.

Especially in times of rising real estate prices and a tense housing market, as can currently be observed in Germany, good preparation is essential. The Immoportal.com reports on high demand for real estate, due to low interest rates and the need for secure facilities. These circumstances mean that banks increase the requirements for own funds and make a more precise examination of the creditworthiness.

strategic planning required

Financial and personal planning plays a crucial role in buying real estate. Experts recommend saving equity, improving creditworthiness and realistically assessing the interest burden. Providers of real estate loans should be carefully compared to find the best conditions.

Innovative financing models, such as building society contracts, forward loans or KfW loans, offer various approaches to home financing. State funding programs, such as the child benefit, residential groom funding or residential property bonus, can also offer valuable support. In particular, the energy efficiency of the building is increasingly taken into account when lending, which could favor sustainable building.

The challenges of buying real estate are diverse. However, units of digitization, such as online credit applications and comparison portals, make information procurement and application for loans easier. Nevertheless, the forecast remains that the high real estate prices and increasing urbanization will continue in the future. This requires potential buyers to plan a strategic planning of their financial options.