Buy land first, then build - experiences / tips?

Ok thanks for the hints, so it's correct I wrote it costs 173,000 euros, financing is variable but only 150,000 euros at 2%, which is acceptable for me, could have also financed 100,000 euros, the interest rate would hardly have been better. I have already taken the 23,000 euros ancillary costs for the land out of my head, sorry I should have described that better. It is now in sought-after locations like this that you have to take it if you can get it or you just don't have land, and we have been searching for 3 years now because the location was never suitable, now the location is 100% suitable and that's why we are going for it, I prefer to compromise on the house and then live well. That's why the opportunity was limited, jumped at it said the banker, my parents and everyone we asked. Garage and outdoor facilities etc. we would also do later if the budget gets tight. Thanks for your answers. As a house builder you have 1000???? There is so much to ask it's unbelievable

Then you are on the right track. You remain flexible, have no time pressure, and the current bank cannot impose the later financing on you.

The next step is then the planning of the house. Consider what you need/want and then you can get concrete offers. Slope, driveway, and internal development will cost a considerable amount of money, this should be kept in mind because the standard flat rates will not be sufficient and accordingly less will remain for the pure construction costs.

Thank you, then I am not completely off track, the banks of course wanted to finalize everything but I want to take my time to choose which financing fits. Attached are 2 pictures.

Hello Sturkopf

most things with you are coherent and feasible.
But why do you want to finance the property variably? Interest rates are at a historic low. Buy the property and fix the interest rate for a long period. It is perfectly fine to have several loans running. And with some skill, you can get an interest rate below 1.5% for 20 years. The loan for the house that is then due is the second step.

Steven

The loan for the then upcoming house is the second step.

…But at that point you no longer have any options if you have already committed to a bank long-term. Then you either do the financing through the same bank or pay a lot of prepayment penalties to get rid of the old mortgage. I wouldn't do that either.

Hello cookies

what speaks against taking out the second loan with the same bank I already trusted for the land purchase?
If interest rates rise at some point (this will come) then caution is counterproductive.

Steven