Financing a single-family house approx. 450k - How to implement?

As a consultant, I had a variable salary of 20%. The Sparkasse's statement was "we cannot consider variable salary because it can disappear at any time." I also argued as you did, that it came regularly in previous years. That was 4 years ago when we first dealt with the topic of building a house and wanted to apply for 300k€. But there are other banks. Maybe they see it differently. Just be surprised

With bonus and options, I could have fully paid off the house in less than 3 years. However, the banks I inquired with were not interested (but I also did not push or ask), the computer always used the base salary as income. By the way, this was proven with the last three bank statements.

Just wait and see

I would like to avoid this part as much as possible.

Before the question comes up: Yes, ideally I would like to wait another 2-3 years before building, we have been able to save an average of €20k per year in recent years and could thus quickly increase our equity. However, my schedule does not interest our municipality, which now wants to get rid of their (relatively) cheap (for Bavarian standards) plot of land. Due to the otherwise catastrophic availability of building plots here with us, I can hardly say no to that.

However, my schedule does not interest our community, which now wants to get rid of its (relatively) cheap (for Bavarian standards) property. Due to the otherwise catastrophic availability of building plots here with us, I can hardly say no to that.

Is it not possible to just buy the land first?

Is it not possible to just buy the land first?

In principle, probably yes. Unfortunately, I do not yet know what conditions exist regarding the time limit for starting construction. It would also annoy me somehow to have a plot of land but still have to pay about €12,000 rent per year, which could also go towards paying off the house.

You only get absolute certainty on the topic of bonus from the bank. Get 2-3 appointments with different banks.

If you want to build in 2-3 years, the best idea would be the following:

Buy the land now without financing. Since you will most likely be given a mandatory building period of 3 years anyway, you have the flexibility you need. Take your equity + a family loan (if possible) and buy the land. Alternatively, a variable loan without fixed interest. Although you will lose about €2000 when transferring the land charge. You could save that if you avoid a variable loan.

This way you have time to save more and calculate your costs properly. When financing the house, your land then also counts as your equity.

Mandatory building period means: The shell must be standing by a certain date x, you don't have to have moved in yet.

This is not empty talk... because we are doing it the same way. Bought land 02/17. €55k financed variably. Paid off 12/17 and signed the house financing the same month. Building starts in 3 months.