Financing a single-family house with land subdivision - risk or opportunity?

Hi Maschi33, thanks for your opinion. Yes, we are not happy about the situation here but you just have to work with it, you can't change it. The situation in recent months hasn't really changed anything in the end, though we did have a little hope. Yes, we estimate the rate at around 2.3-2.6k.

Ok, understood. You didn't need to specify the [Bodenrichtwert]. It only confuses. Otherwise, I stick to the fact that the house is too expensive. But with your income and equity, I don't understand the question whether you can afford it. With the creditworthiness... It only gets a bit tighter with children.

How large is the plot? 650m2 How high is the land value? 550€/sqm

Plot costs [..] before division 660,000€ excluding additional costs

Wow, 1000/m² is not often seen here. Is it really worth it? I would, if possible, not divide the plot. If so, then it will probably be two semi-detached houses. Everything else will be difficult. You could also drastically reduce the costs without selling half: get rid of the granny flat, solar, double garage, no basement, and other unmentioned cost drivers like KNX (assuming you have also gone all out on the rest).

... One could also drastically reduce the costs ...

Yes, that would be an option but even with all the examples you mentioned, we won't get in what we should receive from the sale.

Is it really worth it?

Let's put it this way, we are not the highest bidder. But yes, you have to ask yourself this question critically and for us it is worth it even though it repeatedly causes us to struggle. But it is what it is.

You didn't need to state the standard land value.

Sorry, I wasn't aware of that.

It only gets a bit tight with children.

We have to look at that again in detail.

But with your income and equity, I don't understand the question.

Well, of course I have no experience with financing yet and I find it somewhat "scary" (even including all equity etc.) to manage a payment that is twice as high as our current rent. Especially since there are quite a few uncertainties still in the calculation. That's just a topic where I'm not a professional and therefore approach it with relatively great respect.

Well, of course I have no experience with financing yet and find it somewhat "frightening" (including all equity, etc.) to manage a payment that is twice as high as our current rent. Especially since there are still considerable uncertainties in the calculation. That's simply a topic where I'm not a professional and therefore approach it with relatively great respect.

That is completely fine. But when buying a house, you always have to keep in mind that only the interest portion corresponds to the cold rent. The rest is forced savings. In addition, the financing is always backed by an absolutely solid tangible asset. As long as you build a castle in a region not on the decline, a blossoming landscape, you can't go much wrong.

Single-family house on 335 m² must be well considered, as the boundary area "in front" (about 3-4 m deep) is added here, which is omitted in a semi-detached house. The garden "at the back" then no longer remains.

We are having a back-to-back semi-detached house built on a 396 m² plot and are already afraid that it will be too tight at the back.
Think it over carefully.