Construction project and building permit feasible?

I also cannot imagine that it is feasible with the income and full financing to find a bank that will go along with it. I am not familiar with the situation in [Saarland], but I cannot imagine that it is much better than in the rest of Germany, meaning: 2 years of land search, 0.5 years of general contractor search, 1 year of waiting time, 1 year of construction time, hence moving in 2024.

Hello and welcome, that means you need full financing between 400k - 450k for land + new construction and all ancillary costs in Saarland? With the current net income, it won't work. Your bank said that too. If an income is "reactivated," it is also €3,400 + child benefit, which is taken into account. That will also be too little for the amount. Scholarship + BAföG are not sustainable income, and BAföG must be repaid. You are overextending yourselves

Well, it would be 3800 + child benefit + the money that is made available to us and which the bank does not recognize. And only up to 2021. From then on, it is definitely more, and everything will be counted as income.

I also can't imagine that it's feasible to find a bank that goes along with it given the income and full financing.
I don't know the situation in Saarland, but I can't imagine it's much better than in the rest of Germany, meaning: 2 years of searching for land, 0.5 years searching for a general contractor, 1 year of waiting, 1 year of construction, ergo move-in 2024.

No, the situation is rather poor - unfortunately.
Which income do you mean? With €5000 net after 2021 it still doesn't work?

Yes, the time - I almost suspected that would be a problem.

But apart from that. Do we want to start searching NOW? If we only find something in 2021, our situation is as described. Will it then work with a rate of €1200?
If I can't afford it even in 3 years, we don't need to search.

By the way, the described situation is the financially worst possible.

Well, it would be 3800 + child benefit + the money that is made available to us and the bank does not recognize. And only up to 2021. After that, it is definitely more and everything is counted as income.

Unfortunately, the bank is not interested in the future. So either you will probably have problems with the financing now, or - you say that you can save - wait until 2021 and then approach with the higher income.

But apart from that. Do we want to start searching NOW? If we only find something in 2021, our situation will be as described. Will it work then with a rate of 1200€?

The post came too late for me Of course, it makes sense to calmly think about it now. From 2021, the situation with 5 net is good and suitable. It will work then.

The post came too late for me

Of course, it makes sense to calmly think about it now. From 2021 onwards, the situation with 5 net is good and suitable. It will work then.

Thank you very much!! It really comforts me to read that. Existing properties don’t appeal to me at all. What appeals to me is in a similar price range including what would still need to be invested.

I just had the short dream that you could still get a building permit by the end of 2020 and then maybe only start building a few months later. At €24,000, eyes really do light up every now and then.