Construction Financing Options - Experiences / Recommendations

And what do you think about option 2 with a smaller loan? In my opinion, that's doable?

As I said, we don't actually have many upscale habits. But probably I've overestimated quite a bit judging by your reactions.

Well, €5400 per year for vacation, €3600 for other activities, the same amount for clothes for three people... I find those already upscale budgets. And the €4/m² additional house costs also already include a reserve – at least as far as I understand. Half "real" additional costs, the rest as reserve.

You didn't specify your incomes (work/company) or I missed it. It’s hard to say whether you can manage with the lower installment but also without the income that the company generates. Both have their pros and cons: Your husband is currently the sole earner; if that breaks down, you have a problem. If that company still exists in parallel, there would be a second pillar, but on the other hand, the income may be viewed as less secure than from an employment contract, and you have to manage the very high installment.

Your husband is currently the sole earner; if that should fail - you have a problem.

That's just life. But if you tag everything with a "What could happen," life is no longer fun.

That's just life. But if you always approach everything with a "What could happen", life stops being fun

Yes, I agree with you as well. But what if those from the bank think that way and raise the question like that?

Here is the overview from Dr. Klein that I mean:

Property tax	€37.50	€450	public
Waste fees	€12.50	€150	public
Street cleaning	€25	€300	public
Water (including wastewater)	€35	€420	public
Heating	€162.50	€1,950	private
Heating maintenance	€33	€400	private
Electricity	€100	€1,200	public or private
Insurance	€33.33	€400	private
Gas			public or private
Telecommunication	€30	€360	private
Chimney sweep	€6.66	€80	private
Total	€485.49	€5,830	-
Costs per m²	€3.24	€38.86

P.S. And I have already noticed that the heating costs in the example are probably a bit overestimated if you aim to use a heat pump system.

Not only then. Are the costs in the list supposed to be monthly?? We have a gas heating system and pay €60 monthly for gas, plus €50 annually for the chimney sweep and every 2 years there is maintenance for about €100. How do they get to €162.50 PLUS €33 for maintenance? That's crazy.
Also, €100 for electricity monthly is extremely overestimated. We also pay €60 and that works well. And we do not consume little electricity.

We do not pay anything here for street cleaning.

Okay. Then I am relieved that we obviously calculated too generously.

I have another question. At the Sparkasse, we not only received the "great" conditions, but also the information that a possible change in the repayment rate is actually just a myth and generally not possible at the Sparkassen. At least not as planned. Is that nonsense or is there some truth to it?

Yes, I agree with you. But what if those from the bank think that way and raise the question like that?

Then perhaps 50% of all financiers would have a problem, because the model "man works, woman takes care of the children" is still widespread. So don't worry about that.

I have another question. At the Sparkasse, we not only got the "great" conditions, but also the information that a possible repayment rate change is actually just a myth and generally not possible at Sparkassen. At least not as planned. Is that nonsense or is there some truth to it?

That is nonsense. A possible repayment rate change is now common (if desired) and is either separately priced or already included in the conditions.