Construction costs are currently skyrocketing

However, 5% of a turnkey 500,000 is also 25,000. That would already have been more than our 20k buffer. I’m glad that for us the end is in sight and we have almost everything already bought....

Yes, that’s true :D but whoever can afford a house for 500,000, those 25,000 don’t hurt that much ;)

Yes that's true :D but if you can afford a house for 500,000, then the 25,000 doesn't hurt that much ;)

If the 500,000€ include the reserves, then yes.

Yes, that's true :D but if you can afford a house for 500,000, the 25,000 don't hurt that much ;)

And if you can afford €525,000, of course you can also afford €551,250. And if you can afford that, you should actually also... ;)

Just read that lumber prices have already fallen by 40% from the peak at the end of May (at least in the USA). Allegedly, more is currently being produced and many homebuilders there have temporarily put their projects on hold. Let's see when this development reaches us.

Over the weekend, I was informed - almost firsthand - that in our area many started new constructions are not completed by the initiator because the necessary additional financings, which became necessary due to price increases, fail.

Over the weekend, I was told - almost firsthand - that in our area many begun new constructions are not completed by the initiator because the necessary additional financing fails, which became necessary due to price increases.

Something like this happens when inexperienced people play project managers and is not due to increases in construction costs..