Finances for building a house okay? Please provide an assessment

I thank you all for the many opinions. It seems to me as if everyone thinks I want to build a house tomorrow. Of course, that is not the case ;) Fortunately, I definitely have a very good architect in my circle of acquaintances who has known me since childhood. An expert would therefore definitely be at hand if a property (house or [ETW]) is ever to be assessed. By the way, the aunt is no longer at the age where one still builds houses, it is the great-aunt, that is the father's aunt, and even he would certainly not get a loan from some banks anymore (50+).

By the way, the aunt is no longer at the age where one still builds houses, it is the great-aunt, so the father's aunt, and even he would certainly no longer get a loan from some banks (50+).

Uh, in our new development area, half are 50+, of which about 1/3 are 65+ :)

Just wait and see what life brings you.
For your warm rent, you won't get such large living space anywhere near as cheaply again.

I just said that with 50+ there can sometimes be difficulties with the loan. You can still build houses at that age, certainly with some equity. It was not meant to sound disrespectful towards people 40, 50+, sorry :confused: But I do find it unlikely that the aunt will build again at 80 :D

I calculated with €1,500 per sqm.

That is set too low for Hesse; €1,600.00 reflect the Energy Saving Ordinance '16 and medium standard more realistically. Rhenish greetings

Ah ok. Thanks for the feedback.

Accordingly, with an assumed 120 sqm, another €12,000 would be added on top.

Thank you all for the many opinions. It seems to me as if everyone thinks I want to build a house tomorrow. That is of course not the case ;)

Fortunately, I definitely have a very good architect in my circle of acquaintances who has known me since I was little. An expert would definitely be at hand if a property (house or condominium) ever needs to be appraised.

By the way, the aunt is no longer at the age where one still builds houses; it is the great-aunt, that is, the father’s aunt, and even he would certainly not get a loan from some banks anymore (50+).

I know people where the aunt is younger than the nephew, or whatever that is, just saying ;-). Nevertheless, I don’t think it is a good idea for you to take on such an obligation at such a young age; after all, the calculation would be very tight. Just for your information, we have about 1000.- more per month and around 100,000 € in equity, yet even without children, we cannot live in luxury... What I would also recommend to you is to buy a condominium of about 80m² (should cost around 100-120k € (not first occupancy, that’s overpriced) if I base it on the land prices). Then you will manage well with the money now and later have a down payment or equity for the house. That’s how we did it too, sold the apartment for more than we bought it and basically lived there for free for about 5 years.