Budget for house construction in the Bamberg area

Hello,

I have been planning a new build for two years and unfortunately ended up in a predicament. I have a somewhat special plot of land (681m² but quite long, narrow, and with a 2m height difference), a budget of 250,000€ (equity), a girlfriend (children are somewhat planned), and my craftsmanship skills do not go beyond the basics. At least I have a friend who is an architect.

I assumed prices for existing properties or prices for prefab houses plus 100%. After much back and forth, I currently have a solution for 300,000€, although you have to calculate with 100,000€ additional costs anyway. So a difference of 150,000€ between expectations and bank account.

I'm considering whether I should build myself a Tiny House. Or whether a partial build would make sense. For example, only completing the shell and the most important rooms (kitchen from Ebay Kleinanzeigen, living room, bathroom) and waiting to finish the rest until I can afford it with less stress. Or maybe an existing property? The mother of an acquaintance recently died.

You write a lot mixed up. Clarify everything. Are 250,000 really equity? So money that you have in the account? What do you earn? Other obligations? What does your girlfriend earn? Is the property paid off? What do you mean by solution for 300000? Is that an offer from a general contractor? With 250,000 equity, financing the rest shouldn't be a problem, right? Have you already been to the house bank or any other bank?

Yes, 250,000 equity in the account

I earn nothing

No obligations

My girlfriend has a 450€ job (we are studying)

300,000€ is the cost calculation of the construction costs from the architect, not an offer

I am not in favor of financing

Yes, 250,000 equity in the account I earn nothing No obligations My girlfriend has a 450€ job (we are studying) 300,000€ is the cost calculation of the construction costs from the architect, not an offer

So you have an offer of 300,000 EUR and would rather calculate with 400,000 EUR to be on the safe side. That means you are missing 150,000 EUR for your approach. Now you only want to buy the essentials and move in there so that you do not exceed 250,000 EUR. Why don’t you wait until the end of your studies? Why are you against financing? And what is your predicament?

Graduate first and as soon as you are established in your career, you can consider the (kleine) financing. You have great conditions.

How silly. I don't have enough money, but I don't want to borrow anything. Sorry, grow up. Almost no one buys a house simply with money from the checking account. You won't get around financing, but without income you won't get any. The conditions would be great after starting your career.