Consideration: Heritable Building Right vs. Property Purchase / Renovation

Yes, it's funny here, isn't it?

?? How do you come to the conclusion that a meeting with the family is superficial just because you are there briefly?

You try to take away mental barriers and obstacles from someone who is asking, to show options, and what do you get: twisted counter-questions! Tsk...

So now like this:

I just have the feeling that we can only choose between a bad and an even worse option, and we don't know which is which. :(

Well then! To each what they deserve.

That's a nice thought, but I can't just switch off the knowledge I have ;) The feeling remains that, at best, you are tolerated for money, and your own house is built on "air."

then not!

sure. I grew up in the neighboring community, now live in another suburb with all the advantages you have rightly mentioned. Really, who wants to live downtown??

then just stay where you are.

You only picked out the negative from my quote ;-) The idea is not to run around beaming with joy, but not always to see the glass as empty. I see it as the community trying, through this variant of the leasehold, to enable young families to build without financially ruining them. Many have written here that the ground rent is rather low. That’s a good thing, isn’t it?

Good explanation to whom? So far, we have spoken with four financiers and that has never been a problem. Actually, I don’t want to stay at my current salary until retirement. It should and must improve significantly. I do have that expectation! I’m still waiting to see how Corona and (hopefully the standing financing) turn out, then I’ll look for a new job. I’ve wanted to leave for over 1.5 years!

To yourself. The financier wants to sell financings, and they get a commission for that. Whether you then have no money for vacations for 10 years or are still paying off at 70 because the repayment is chosen too low, doesn’t matter to them. In the latter case, they earn again on the follow-up financing. 30-50k euros is extremely tight for building a house, and from that you have to subtract costs for taxes, notary, etc., which cannot be mortgaged, and then there’s just enough left for a kitchen. The house is a 110% financing, which means higher interest and a higher rate. At over 40 years old, there should definitely be significantly more equity. No one here on the forum earns from your financing, so you get honest feedback. Whether you like it or prefer to listen to the loan salesman is your decision.

I don’t understand that either! Where then do the prefabricated house providers lie if they plan a house according to our specifications (in advance) and then end up at 280-300k euros including everything? But again, opinions on what a prefab house costs vary extremely widely. I don’t want a dump nor a palace with golden faucets, just a good standard with one or two expensive gimmicks (floor-to-ceiling windows in the living room, maybe a balcony, underfloor heating, cellar, otherwise just ordinary standard)

A short list of what prefab house providers expect from your side: all earthworks, perimeter insulation, connections, construction electricity/water, often an architect.
What is often missing in the specification of standard houses: underfloor heating, large windows, balconies, sufficient sockets.
A house with a cellar for 300,000 euros near Munich is absolutely unrealistic. The cellar alone will easily cost you 50,000 euros extra on top of the base slab. The square meter for a house costs you, even with a lot of own work, maybe 2,000 euros in an expensive area. With that, you get about 120 sqm at simple standard.
My experience with our house build is that it gets significantly more expensive in the planning phase than you think. You read the forum and think "it can’t be that expensive." Then the offers come, you see what’s not included, you have it improved or calculate yourself. And the price keeps rising.

No way! I don’t want something like “I live on the ground floor and should proportionally pay 5,000 euros for the renovated elevator that you never use on the ground floor anyway”! I’d rather move further away.

It’s a personal decision where and how you live. We show you different options and what we consider affordable. Whether you find something else further away and become happy is your decision. I, for one, would not take out a loan of 500,000 euros or more at over 40 if in the previous life I only managed to save 50,000 euros equity for the house. Then your whole life would revolve around the house until retirement and beyond.

I don’t understand that either! So where are the prefabricated house providers lying when they plan a house according to our specifications (in advance) and then end up with everything at 280-300k €? But even here, opinions on what a prefabricated house costs vary extremely. I don’t want a shack nor a palace with golden faucets, just a good standard with one or two more expensive gimmicks (floor-to-ceiling windows in the living room, possibly a balcony, underfloor heating, basement, otherwise just plain standard)

Something has already been said about the additional construction costs. A good list can be found here in the forum with a quick search. The house sellers always underestimate them for you. The first question is usually: how high is your budget, how much does the plot cost. The smaller they calculate the additional construction costs, the more expensive the house can become. Good for the house seller. They don’t care if you have to do a refinancing later because the earthworks turn out to be more expensive than the estimated 10k. They also haven’t calculated the haul-away... after all, it can be used great as a sledding track in winter.

And before that, you already come to the selection of fittings. A basement, a balcony. These are all significant cost drivers that many here don’t allow themselves. Regarding plain standard: my wife and I swore exactly that. That often REALLY hurts! You have to be extremely disciplined. Floor-level shower? Not going to happen! Central ventilation system, because you often read afterwards that the decentralized ones are annoying? Not going to happen! A few spots here, a few sockets there. Stairs lighting looks much nicer too. You want it to look nice after all! Believe me... these thoughts often only come later. And then repeatedly saying no is much harder than you think.

ah stupid houses! In the end, we’ll get a houseboat, cruise the Danube daily and work from home :D

That would be cool :)

The dream of owning a house is not over. You have the option to build in your desired location in your social environment. That was not possible for us! We have to move 40 km away. So you have a luxury problem. Look at it that way :)

I can humanly understand the OP. What he or she experiences is the loss of home. You get squeezed out. Because of the prices. Not here for you anymore, the fact that you were born and raised here doesn't matter, not for real estate agent Müller, who flips the old shack on Meisenweg for 650 thousand, nice commission. I would do it under gritted teeth with the leasehold. But I advise the OP not to fall for these house sellers. A local construction company or carpentry business is the honest choice to stay within budget and avoid shipwreck. K.

Saying goodbye to dreams can hurt; those who fail to do so must resort to additional financing or are then broke and go bankrupt. That happens too.

Why should you care about paying for the elevator if you live on the ground floor? You also have to pay for the roof ... and the penthouse also has to pay for the surrounding work, even if you alone use the garden on the ground floor; overall, you definitely pay less than in your single-family house – everything falls on you there. Including the work.