Development costs and information before property viewing

Now I'm getting all confused myself, you're right, it would then be €35,000 ;) (please forget that I am a business economist :D). The utilities run along the street, I assume up to the neighboring residential property, there is nothing on the plot, it is a green meadow with a few bushes. The paved road goes exactly up to the neighboring property, then comes this, let's call it a field path, then "our" plot and then the already sold plot (utility status like ours). A winter service is rather unlikely to operate in this small settlement. It's a bit rural but not far from the next town.

I also see it as the realtor's responsibility to be able to answer such questions for me, so exactly where what is located and what costs will come up approximately.

By the way, given the current interest rate situation, we are considering financing the plot largely; the equity capital would also be available for a purchase + connection costs, realtor, etc. However, I prefer to keep it in the bank account because if the house purchase doesn't take place until in 3-5 years, the interest rate situation could look quite different.

What do you think about that? Especially, which bank does that? We both have a home savings contract running, so the consideration goes in the direction of financing the plot through the BSK; the BSK probably has no problems being in second rank in the land register if I am correctly informed. If you prefer I open a separate topic for that, no problem :cool:

(I'm so glad that such forums exist!!!)

No, use your own money, which only brings about 0.3 anyway. And you save the loan installment. If you want to build, your equity is then the paid-for land plus the savings. That is the cheapest. Bet?

Well, on the condition that the interest rates remain that low over the next few years, definitely. But who really knows? Otherwise, from today's perspective, there is also nothing against a 1,x financing that is paid off in 5 years with special repayments. Or talk to your own building society to see if they can step in if a house construction is planned before the 5 years.

If I'm completely wrong, I am happy to be open to a better alternative. The costs for the plot are below 100€/sqm, so the interest here is not that huge. I see the risk more with potentially rising interest rates.

Best regards :)

Assumption, you borrow 50. 60 months, 900 repayment per month. That makes 54,000. You still have the 50 own money, but have paid 54 for credit. Now you build with the 50 and the land paid for that way. Or do it like this. Now take your 50 own money, pay the land cash in full, save 60 times 900 which makes 54. Then in five years your construction begins with own land and 54 capital. I will just omit the 0.3 interest credit.

Otherwise, from today's perspective, there is nothing against a 1,x financing that is repaid within 5 years with special repayments. Or talking to your own building society to step in instead if a house construction is planned before the 5 years are up.

That is nonsense, because with a repayment-free period of 5 years, the 1,x percent interest quickly becomes 3. And you might still have that in 5 years as well....