Building a dream house - and is it feasible for us?

Ok. Understood. But from now on, put the money aside. And see if it works :):). You are already paying 900,- including heating. But for comparison, only use the cold rent for the monthly burden. For a realistic assessment of the house price, the construction expert will/can say something. But I still insist. First, you have to think carefully about the house price. Then you can consider your max. 300,000 loan. And make an appointment at your house bank and ask for 300,000 as a loan with your desired rate. They will probably cautiously signal approval. Mathematically, it is doable. Important: there are no liabilities, right?

Yes, no liabilities, all loans (car, Bafög, laptops, etc.) paid off. Although my wife and I are not really savers ;-), we have been putting some aside for about a month now and are staying firm.

Schuber, what should I definitely pay attention to when applying for a loan? Or should it be more of an attempt to gain a pattern of conditions?

Thanks!

Hello, I see no room for financing here. With that income and hardly any equity, a bank will not want to go along with 300k with you. At that time, child-rearing was the priority (which is also OK).

-> Thank you for the answer!

Basically... I can tell everyone this... I have acted accordingly myself: don’t fixate so much on a certain well-known location. Other areas also have residential value. If it is a bit farther from the workplace, there might be better public transport connections. In any case, don’t get stuck on a specific location... Children are very flexible, as long as it’s not beyond elementary school age, they handle a change of daycare or school very well... sometimes there are gems of properties at half the price compared to searching only in familiar surroundings. The 130,000 property definitely won’t happen! And besides: if the financing doesn’t work out because everything is very expensive: a semi-detached house or a row house is also something nice :)

does it possibly make sense to first acquire the plot of land and then start building a few years later with saved-up equity? -> the thought of buying the land now due to low interest rates... and an interesting plot is currently still available...

Often, the municipality includes a clause in the notary contract: to build within 2 years, completed within max 4 years. Then buying in advance does not benefit you.

Good evening,

I imagine the maximum loan amount to be 300,000 EUR, rather 250,000 EUR, and want to pay off the house with the land within 30 years. The land costs 100-130,000 EUR (+20,000 EUR for the notary and registration in the land register) - 2 plots of land are available to choose from and the house itself has about 130 sqm without a basement.

Your financing requirement looks different:

Land: 100,000 EUR
Single-family house, KfW 70, 130 sqm on a slab: 195,000 EUR (turnkey)
Additional construction costs: 35,000-40,000 EUR
Painting work in own work: 10,000 EUR
Flooring in own work: 10,000 EUR
Outdoor facilities in own work: 10,000 EUR
Reserves for extras: 10,000 EUR

Total investment in the Rhineland: 375,000 EUR - in Rhineland-Palatinate it will be about 3-5% more expensive.

So I calculate 150,000 EUR house in the size of about 130 sqm, of course not turnkey, with some things done in own work.

You cannot provide that much own work to make your numbers feasible. Besides, the materials for own work also have to be paid for ;)

Rhenish regards