Cost for a one-and-a-half-story house / approx. 160 - 170 m² / basement?

So if I consider that we are building 200 m² with a heat pump, controlled residential ventilation as KfW 70 without painting and flooring work for about 275k, 330k should be sufficient for your specifications. We are still calculating additional construction costs of about 50k (which also include costs like carport, plus kitchen and furniture). Without heat pump (deep drilling) and controlled residential ventilation, we would have paid a whole lot less. In my opinion, a house of this size can basically be built with 330k including additional costs. I would never take out a loan to build! I am in any case of the opinion that building (e.g. to save rent) only makes sense if you build with equity and not if you have to take out a loan. With a loan and little equity, we would have easily paid 500-600k.

Hello construction expert,

we have to organize the development ourselves and it is done through a company with connections.

It is a plot of land located on a large private area. We are allowed to connect to the municipality's connections on the street.

What do you mean by:
Yes - and here are already the first pitfalls, because the plot of land is considered developed if the public utility providers maintain their lines in the street dem Grundstück vorgelagerten.

Regards

I would never take out a loan to build! I am convinced that building (e.g. to save on rent) only makes sense if you build with equity and not if you have to take out a loan. With a loan and little equity, we would easily have paid 500-600k.

Hi Chris82, I have a different opinion. We are building now without equity. If we start saving now, we will scrape together 350,000 in about 31 years, exactly until retirement. Until then, according to current rent prices, we will pay about 186,000 in cold rent, rent increases not included. So, here is the other calculation: We get a loan from the bank of 353,000 for 35 years. In the end, we will pay 519,000. The bank will earn 166,000. We will pay landlords at least 186,000. So, for us it is still cheaper to build without equity than to continue renting and saving. And one more thing about saving, look at the news, what is happening in Cyprus. I do not want to experience this horror in Germany, but who knows what can happen in 30 years. Best regards Lilik

And you have a 35-year fixed interest rate? Still the same real income in 20 years? I would like to have that optimism. What you will pay for this loan you can maybe say in 25-30 years, everything else would be wishful thinking by the bank. Sorry but that's how it is.

I would never take out a loan to build! I am of the opinion anyway that building (e.g. to save on rent) only makes sense if you build with equity and not if you have to take out a loan. With a loan and little equity, we would have easily paid 500-600k.

Sorry, I see it exactly the other way around. Anyone who builds only with equity has too much of it and doesn't know what to do with their money. Only in top locations have property owners done better than normal investors. In a typical mid-sized city, you will only get below-average returns on your invested equity in the long run. On the other hand, the borrower loses some of their debt through inflation over the next decades and can invest their money better elsewhere (interest rates under 2% for 10 years are below current inflation. Longer fixed interest periods are not much more expensive either). Either you have too much money or you have never really dealt with real estate and its returns.

P.S. Does every average earner = middle class then have to stay in a rental apartment forever since the necessary equity can never be saved up?

No, the fixed interest period is 15 years. And in 20 years I even expect a higher income But I no longer want to live in rent. Besides, we will soon need a bigger apartment, because our son and daughter no longer want to share a child's room. Then about 200 € more in cold rent will be added per month. Regards Lilik