Financial planning for new construction with good income and little equity

One must be clear that it is a division according to WEG. The slogan "Here you become part of a newly emerging community" is to be taken literally. It is like a condominium with special usage rights. There will be an owners' meeting once a year where it is decided who removes the weeds on the playground. There is rolled turf, a hedge, and even "a tree." It may be that a design framework prohibits and forbids further individual plantings that could affect the public appearance. This also applies to visually relevant details, such as carport color, garage door, or the garbage containers. This will certainly be regulated in the first 10 years regarding how a replacement should look.

Otherwise, you are buying a piece of a house. Interesting for you to ask the real estate agent is the question: are the connection costs included? I once marked it: it is _only_ a price guarantee. And yes, if you are clear that although this piece of the house is bought and the land is run as special use, it does not have to be connected anywhere. It is like buying a deluxe sauna, a Thermomix, or a whirlpool with all the trimmings: everything included, but without a power connection nothing works. That is your responsibility. And then one wonders if it was carelessly written or intentionally written: how are the bathrooms heated? Surely not with the towel radiator?!

I would have concerns that they won’t get moving with construction. The preliminary energy certificate is from March 2023. They certainly wanted to be further along.

Offer 2 would be too much compromise for me. It has a northwest orientation and is relatively narrow as a semi-detached house. Although I myself am a fan of terraced houses, but if you have the choice… Terraced houses are simply wider, you can see that inside and out.

Connection costs/development

Do you know the differences between the two terms?

Costs for house connections and development

Anyone who thinks you can’t build a house for well under 3,000 EUR/m² either has absolutely no craftsmanship skills or simply doesn’t want to. Period.

Exactly right! Anyone who only wants to lie in a deckchair and not lift a finger themselves can no longer afford a new build with an average salary today.

But if you are diligent and intelligent and roll up your sleeves for 3 years, you can still do it today. The key is education, willingness to take risks, and physical fitness.

I built my villa for 1300 euros per square meter. But I already had the land beforehand.

With:
- 211 square meters
- Central ventilation system
- Energy demand of 25 kWh per square meter per year
- Ventilated facade
- Oak parquet
- Venetian blinds on all windows
- 2 huge lift-and-slide doors to the terrace
- Wellness bathroom with sauna and huge bathtub
- KNX

And all the bells and whistles. With which provider? None. My construction manager was never on the construction site, and the few craftsmen there besides me I supervised myself and partly worked with to reduce the hours.

I had 150k equity and then took out a 100k loan as a full repayer with a 15-year term at 1.51%. I financed it alone without my girlfriend. I earn 2500 euros net and professionally replace water meters.

And that is why I cannot understand this whining here in this forum about how terrible the world is. No pain, no gain, and "if you do nothing, something will be done to you."