120 sqm house - are all costs considered?

It's no different when building new if you look at your numbers.

In the end, it's your decision. You asked for opinions. What interest rate do you have and what repayment does the bank want? I'm curious since I come from the industry.

That's true, but in return I have a completely new house and no risk of thousands of euros in renovation costs. I've heard real horror stories from friends here.

My calculation is not final yet, so we don't have a fixed financing agreement. So far we are talking with Interhyp, most recently ING was in first place with a 3.06% interest rate.

But one must also clearly say: every big city is overpriced, you don’t go there without equity or a well-filled wallet. Instead, you have, one must say it, bought a plot with junk soil, which itself drives the cost explosion due to the foundations, so that it “only” suffices for 116sqm. The romance here is greater than the reason. Has the plot already been bought?

Well, we are not going directly into the big city but explicitly outwards. And due to the jobs, we can hardly move anywhere to Mecklenburg-Western Pomerania.

The plot has not been bought yet. Despite the soil, the plot is, from our perspective, very reasonably priced. In the Hamburg area, plots are otherwise priced at 300-500€/m2, with this plot we are at 203€/m2. Including the additional costs for the BP/piles, the price is still significantly better than many other plots – where you cannot live in the middle of nature and still have very good connections.

The house is explicitly meant to be small, as we are only two people.

We have been talking to Interhyp so far, most recently ING was in first place with 3.06% interest.

But that is no longer up to date, is it? Currently, it is probably significantly more expensive.

In the Hamburg area, the plots usually cost between 300-500€/m2,

That is already cheap.

for this plot we are at 203€/m2.

But does it have to be exactly 1,000 sqm? There are still a lot of costs for the outdoor facilities.

That is no longer current, is it? Currently, it should be a noticeable schnapps more expensive.

The price was from today, but since we still have no construction cost breakdown, we will need a little more time. Until then, of course, the interest rate may still change.

That is already cheap. But does it really have to be 1,000 sqm right away? There are still a lot of costs for the outdoor facilities.

Yes, less would definitely be enough for us too, but unfortunately the selection is very limited. Since I have a landscape gardener, a gardener, and a forester in the family, we will do almost everything ourselves.