Buy land with cash? How to build financing?

To this offer would still come: costs for water, electricity, and fiber optic connections approx. 4,500,-, then the surveying costs approx. 1,500€ plus garden. Then I should be done with it.

Admittedly, I slept quite poorly because I actually expected lower "costs." Roughly, our house would cost about €300,000 according to the timber frame house manufacturer we visited yesterday.

Stairs up to the attic

approx. 140m² 1.5-story simple single-family house with small bay window (maybe that will be omitted)
Fireplace
Triple-glazed windows all around (with increased burglary protection downstairs)
Electric shutters everywhere
Floors installed everywhere (my wish was PVC, bathrooms tiled)
Main WC upstairs with shower and bathtub
Guest WC downstairs also with shower
Garage approx. 5x9m with 3 doors (front, back, access to utility room)

I expect a total sum of approximately €350,000. Then the house is already equipped with a kitchen and the garden is somewhat in order. It will be a timber frame house and most likely a KfW 55 house.

Good morning everyone,

maybe I’m approaching this a bit naively. I don’t actually have a real offer yet.

I will speak with the architect, who I know well, next week, and we’ll see if we can come up with a plan that suits me directly.

At the same time, I will get an offer next week that really includes everything. Including the foundation slab, including earthworks, etc. Every single item is listed there with the respective costs.
Additional costs would be: water, electricity, and fiber optic connections about €4,500, then surveying costs about €1,500 plus garden. Then I should be done with it.

However, I had to realize again in a conversation yesterday that I’m probably heading closer to €400,000. Which I actually don’t like very much. But with the current interest rates and both of us being full earners. Why not?

_________________________

But back to the main point:

I can scrape together a little over €60,000 myself. Without having inherited anything or anything else. That also includes a home savings contract that I can only redeem in half a year.

Suppose I only use €40,000 of that and take out a loan of round about €400,000. Does that make sense? Can I even afford to build?

Admittedly, I slept pretty badly because I actually expected lower "costs." Roughly, our house would cost about €300,000. According to the timber frame house manufacturer we visited yesterday.
Then I would have the following house:

approx. 140m² 1.5-story simple single-family house with a small bay window (that might possibly be dropped)
Stairs up to the attic
Fireplace
Triple-glazed windows all around (ground floor with increased burglary protection)
Electric shutters everywhere
Floors laid everywhere (my wish was PVC, bathrooms tiles)
Main bathroom upstairs with shower and bathtub
Guest WC downstairs also with shower
Garage approx. 5x9m with 3 doors (front, back, access to utility room)

That’s about it...

Thank you very much for your answers and the list of incidental construction costs is also very helpful to me!

I can already see that I really still have to browse through some offers and read very deeply.

Briefly about my question asked in between:

Is it worth building with my equity? €40,000 are readily available, and then I also have about €20,000 partly in cash and partly in a building savings contract available.

If I don’t buy the plot, I will regret it for the rest of my life. I already know that!