Approx. 160-170 sqm Upper Bavaria. Liquidity planning, experiences

Hello everyone! I would like to hear your opinion on the following situation and would be very grateful for suggestions: He: employee, gross income 96k, full-time She: self-employed, gross income approx. 95k, working hours slightly increaseable later, but currently not planned or desired. 2 children: 5 and 2 Equity capital: 600k Land costs with everything included: 610k Construction costs according to the construction company approx. 3.5k /sqm turnkey. Expenses: approx. 3.7k, of which rent: 1.8k About 170sqm + basement are to be built, due to the neighboring half, only one upper floor can be built. In Upper Bavaria. I have now calculated with 600k for the house. The costs are already immense, but I am not very enthusiastic due to the many negative reports about prefabricated houses and would prefer to build individually. Also happy to lay parquet, tiles, install kitchen, etc. as own work. In addition, it will be a semi-detached house with a hip roof. According to comparison portals, financing with a repayment of 2.6k /month would be possible. What are your thoughts and experiences on this? Thanks and best regards

What do you want to hear? With 190k income, 2x child benefits and completed family planning as well as apparently very low expenses (2000€ is hard for me to imagine) that will be such no problem at all?

I wouldn’t bother with any personal contribution since you are probably very busy professionally and with family.

Sorry, the expenses are still from an older invoice. They have increased by now… should be around 4.3k. They vary of course, but with older children they would also be a bit higher..

Is this satire? A couple with just under 10,000 net per month and 600k equity asks if they can finance a house?

The costs are already immense,

Not immense, but normal.

About 170 sqm + basement are to be built

It is a large house with a large basement. And also elaborate because of the neighboring half (there too a basement or without?).

I have now calculated 600k for the house

I don’t think that will be enough including the basement. You add another 100k on top. Plus all the other costs. You will also have a terrace, a driveway, garage/carport, incidental building costs.

He: Employee, gross income 96k, full time She: self-employed, gross income about 95k, ... Equity: 600k

Oh, that is not even average middle class anymore. That is a rock-solid creditworthiness – assets and income.

What are your thoughts and recommendations on this?

That you are totally in the wrong place here to ask "What do you think of our creditworthiness". With the income + equity it’s enough to brag about but not for a serious question that requires a serious answer.

Your sufficient financial background should be clarified, which is already a good start. Whether you should increase your hours or rather contribute your own work can be calculated quickly, but apart from the calculation, doing your own work can also bring fun and a good feeling of having created something for yourself. However, since you are reasonably liquid, I don't believe that you will consistently stick to tight, cheap budget guidelines; why should you if it can be nicer/better? I would rather focus on building my lovely house and then look at the actual costs and decide if it is worth it to me. For your own house, it would always be worth it to me, especially if the missing penny doesn’t pinch me. But then, and especially here in Upper Bavaria, your €3500 per sqm will not be sufficient, which wouldn’t be a problem if the value of the result matches.

I am not very enthusiastic due to the many negative reports about prefabricated houses and would rather build individually.

Understandably desired individuality will rightly cost money; why a prefabricated house builder should be less capable than another is unclear to me, as long as you pick the appropriate shelf level. Choose a well-selected architect with suitable references for individual building according to your taste in your region, and exactly that man/woman will then tell you how to build it best for you. Why should you want to dictate that to the professional after consuming various reports; it should be the other way around.