Build or wait a little longer?

Especially when building a house and birth/baby time coincide, it's really a lot of stress.

I have heard that argument many times. Since I have done both, I can only say that it is not true. Quite the opposite, in fact. Parental leave creates (paid) free time. Of course, one is out of commission with the care, but that results in monthly free time. I have always found "building stress" to be positive myself; I enjoy it. Of course, that doesn't have to be the case for everyone. You can also, in the extreme, just buy something finished from the developer. Then the biggest "stress" is choosing the kitchen and curtains. Or go to one of the big general contractors, spend two days at the sampling center, and then just watch.

Well, if I were you, I would start building now. You have a very good income and for over 400,000 you can actually get a house of your size (contrary to some statements here in the forum), if it's not right in a big city (if I see it correctly, you are building in the countryside?). With your income, you will also get interest rates below 2% for 15-20 years even with full financing. Since you have the building obligation anyway, I would start the planning now and build as soon as it is completed.

Thanks again for all the answers
If we get an interest rate below 2%, then what we have imagined would fully work out. So €450k - €480k with a monthly rate around €1700. That would also definitely be a rate at which we could both sleep peacefully. And since we are both still at the very beginning of our careers, our salaries are more likely to increase than decrease. (My wife's salary will definitely increase)

Regarding family planning. Yes, we know that we want to have two children, but whether that will work out exactly as planned is always uncertain. Otherwise, we would both also manage well in a 140m² house. I could already outsource a few hobbies into the children's rooms One of them is already planned for one of the children's rooms until the second child arrives

Zinsen auf 10 Jahre ca. 1,6% bei 100%. Alles darüber als Konsumdarlehen.
Jemand mit 80% Finanzierung bekäme dies für 1%.
1500€ monatliche Rate unterstellt bei 400.000€ Kreditsumme, hat der Häuslebauer mit der 100% Finanzierung 54T€ Zinsen in 10 Jahren gezahlt, zzgl. Zinsen für das Konsumdarlehen falls >100%, der mit 80% Finanzierung 32T€.
Und das ist nur der aktuelle Vergleich, wir befinden uns im absoluten Zinstief.

So I would pay about €22k more according to Adam Riese. However, the likelihood is quite high that construction costs will continue to rise, which would somewhat put this into perspective. And the interest rates will not go any lower, that’s for sure. They can only rise again, which also carries a certain risk.

The question is whether one should view the €22k as so critical.

We will now check out more construction companies and then see how expensive our dream house really will be, and then talk to the bank. Maybe we’ll even go to the bank earlier and inquire what interest rate we could potentially get for a certain loan amount with little equity.

Thanks to you all for the answers!

I can't hear this argument about rising interest rates anymore. So what? The smart ones have taken out full repayment loans or their building society contracts for later. Very few have 10 years and 1% repayment. And even those would be saved. It is a misconception that a bank is happy when a loan becomes non-performing and the property can be liquidated. In the past, people also built with 6%. Everything always worked out.

Conclusion: Let's go!

Think about the rough planning and then get quotes.

Of course, I don't have a crystal ball either. But if I HAD to bet, I would bet on a drop in prices within the next 3-5 years.

At the moment, the government is doing everything so that the common people bring the (borrowed) money into circulation. At the same time, companies are cashing in like never before.

At some point, this will come to an end. And in my opinion, that will be within the next 5 years.

However, I doubt whether the effects will be the same in metropolitan areas as in less densely populated cities.

And before anyone comes here again and says: "Look at London, New York, etc...". Yes, I do. And what do I see? Exactly! Not London and NYC and so on.

But Stuckenborstel, Uwaldsloe, Uelzen, Kirchheim am Holzberg and Reienredder am Buk. But definitely not New York or London.

Would you agree with me or do you believe that falling construction prices (did I understand that correctly?) will coincide with stable interest rates?

What do you think has to happen for construction prices to fall again, and what comes with that (from my point of view, lack of demand) and what will be the underlying cause (from my point of view, rising interest rates).

Do you think this is realistic, especially since the federal and state governments will do everything to create housing through the development of building plots, accelerated building permit procedures, state subsidies, etc.?

I see neither declining demand nor rising interest rates, but of course, I don't have a crystal ball either.

I also wouldn’t know, if I were the original poster, why I wouldn’t build now, especially since the plot of land is available and unnecessary (because unused) interest is being paid for it.

I also wouldn’t know why I shouldn’t let someone else pay off my mortgage on the condominium with tax incentives, especially since the income — even if it temporarily decreases due to family planning with parental allowance — is definitely sufficient for all that.