Financing a house without equity

I have managed a relatively similar project, somewhat "smaller" in terms of costs, with slightly less income. In the end, it became about 10% more expensive than planned, and at least the ancillary purchase costs and 10% equity I did have. It’s really not comfortable (financially)... and I now pay well about 2.5 times as much for living as before in the rental apartment.

I maintain that at least the ancillary purchase costs should be available, and if you currently cannot set anything aside, the project will not work out. Wait at least until the wife is earning again, save until then!

PS: for a plot of land costing €183k, with broker commission and property transfer tax, ancillary purchase costs of €20-30k are fixed.

but I am still active, just haven't been able to reply until now...
I would also be interested to know how you can build a house for 175k when many say: I need 300k+

Here, a plot of land is currently being sold for €183,000 (410sqm) + commission.

We deliberately chose a company that fits our needs. The only "luxury/extras" we wanted are underfloor heating and a walk-in shower. The rest is not so important to us (e.g. roller shutters with a strap instead of electric). I know from my parents, with whom I lived for a few years after the build (they have a similar bungalow), you realize what you really need and what you can do without. Of course, if you don't know something "cool," you don't miss it either.

I believe the people with their cheap houses under 200k are cheating on the cost calculation on the one hand, because especially outdoor facilities, garage, kitchen, etc. are left out (maybe the incidental construction costs are also missing), on the other hand there is a lot of personal labor involved, which goes far beyond flooring and painting. Craftsmen families in reserve help enormously. I do not see any of these conditions with Frido01

Bei uns wird zurzeit ein Grundstück für 183000€ (410qm) + Provision verkauft.

Then there are 200,000€ left for everything else... wow. I think you yourself realize that this does not add up? Don’t be fooled by numbers like 175k here.

Yes, this information is "bare," only the invoice from the GU. Without trimmed eaves or connected rainwater downpipes, just as an example.

Nevertheless, you can definitely move away from the 400k+ construction costs if you adjust the lever of living space. Apparently, hardly any single-family homes are being built under 180sqm anymore. That can also be somewhat healthily reduced again. Additionally, a bit less technology and no second house for the car next to it.

I believe the people with their cheap houses under 200k are cheating on the cost calculation on the one hand, since especially exterior facilities, garage, kitchen, etc. are left out (maybe the incidental building costs are also missing), on the other hand, a lot of own work is involved that goes far beyond floor coverings and painting. Craft families in the background help enormously. I don't see any of these conditions with Frido01

Then there remain 200,000€ for everything else... wow. I think you yourself realize that this doesn't add up? Don't be fooled by numbers like 175k here.

We are a craft family that actually does almost everything on the house ourselves. My uncle, for example, has a heating company. We (father and brother) have also already carried out many renovations, core renovations (walls out, new wall in, screed out, underfloor heating in, ...etc.) on our own... We have all the knowledge and tools for the corresponding own work.

I am aware that the plot is too expensive. I just wanted to mention what is being offered to us.

Yes, these figures are "naked," only the invoice from the general contractor. Without reduced roof overhangs or connected rainwater downpipes, just as an example. Nevertheless, of the 400k+ construction costs, one can definitely get away with less when adjusting the living space lever. It seems that hardly any single-family houses are built under 180 sqm anymore. That can also be reduced healthily again. Plus a bit less technology and no second house for the car next door.

To be honest, I personally don’t want a single-family house with 180 sqm either. As mentioned before, 120-140 sqm of living space would be enough for us.