Buying land + building a house near Frankfurt realistic?

2x 80% I think is a great distribution. We have something similar. That means about 6k monthly. With a 2k rate, that should still be possible. However, I feel that you need to reconsider your consumption behavior a bit. 2k savings with 7.5k income is not exactly a top value. But 4 vacations are not really interesting with a child anyway

I completely agree with you. We can/should certainly save more, especially since we each still pay around 500 EUR into ETFs.

Difficult. You will probably have to take out around 200,000 EUR for the land. That’s about 650€ per month.
The house would have to be fully financed and would probably be around 300,000 EUR + additional costs + extras. A total of 400,000 EUR would be realistic and doable.
So you need a total of 600k from the bank, which is about 2k repayment + additional costs + reserves. 2750-3000 would then be gone for the little house.

In my opinion, your net income is still enough for that, but you have to decide that for yourself. There are still over 4000 EUR available monthly. And the repayment is fixed for 20+ years + your salaries will probably still increase. On the other hand, rents will probably continue to rise. Personally, I haven’t seen anyone go down with that so far.

Seriously? The two of them have an income of 7.5k, currently own 85k equity and could certainly save another 2.5k+ per month until construction starts without it hurting.

@TE: If anyone can build carefree in the Rhine-Main area right now, it’s people like you. You already have solid equity and, at a relatively young age (I assume), a household income that more than 90% of families in Germany will only dream of their entire lives.

Conclusion: Do it!

2x 80% I find a great division. We have something similar as well. That means about 6k monthly. With a 2k savings rate, that certainly works. However, I have the feeling that you need to rethink your consumption behavior a bit. A 2k savings rate on a 7.5k income is not exactly a top value. But 4 vacations are not interesting anymore with a child anyway.
Are there still 13th salaries or bonuses? Or are they included in the 7.5k?

Bonuses are not yet included in the 7.5k. There would be another approx. 35k gross in total, so about 15k EUR annually on top.

Stupid question but are you then tied to the bank for the later house construction if, for example, I finance the land at Sparkasse?

Silly question, but are you tied to the bank for the later house construction if, for example, I finance the plot through Sparkasse?

Yes, because the bank that finances the plot holds the primary mortgage on the land register. And they will not want to give that up before everything has been repaid. So you are bound to this bank. Because in case of termination, you would basically still have to pay the hypothetical interest over the planned term.

One possible option would be to fix the loan for the land only for 2 or 3 years. Then you have leverage in negotiations with the bank: you could transfer the land charge to another bank upon expiry and finance the remaining amount for land plus house construction with that bank. So there would be potential competition.

Theoretically, however, the interest rate level could rise more or less strongly by then, meaning a refinancing would cost you more than financing the land for 20 or more years right away. Ultimately, this is also a risk assessment. Personally, in both cases, I would prefer a house bank that has known you for years instead of chasing the last fraction of interest. And initially only finance the planned lead time until the start of construction plus a max of one year for the land. Trust is good, having control is better.

There were already some tips about financing ... but now about the plot ... 500 sqm in the second row. Is the access road included? Have you checked what you are allowed to build there in the 2nd row? Single-story, two-story, distances to the surroundings, etc.?