Financing for new construction: realistic or rather wishful thinking?

Someone wrote: Buy land first and then save. I would never do that. Then the money is gone at first

No, it is only tied up in the land. So it still counts as equity for a house construction planned later. It is an asset, you are just "rich" but illiquid. Often a reason for bankruptcies...

No, it is only tied to the property. So it remains equity for a later house construction. It is wealth, you are just "rich" but illiquid. Often a reason for bankruptcies...

I also wrote "for now". Of course it is not completely gone and lost, but it is tied up in such a way that you cannot decide flexibly. Besides, the temptation to want to build on the property is great. With property, it is definitely more difficult to think and decide freely. The money for the notary is simply gone.

With land, it is definitely more difficult to think and decide freely. The money for the notary is simply gone.

Why is that?

There is no better prerequisite than bringing a paid piece of land as equity and maybe planning the house construction 2-3 years in advance. In complete peace. Such a piece of land does not eat bread.

Above all, it is not such a large amount. For the questioner, it is anyway not yet possible to build due to the currently missing equity.

Building a house only becomes expensive if you have it built. Whoever builds themselves or can build will also be able to do it significantly cheaper.
And it does not always have to be a turnkey city villa right away.

Besides, the temptation is great to want to build on the property after all.

Well, that is precisely the purpose of the project. You want to build, but at first you can only afford the property and build later (e.g. once the property is paid off, salary adjusted, family planning completed, etc.)
The temptation is also there when the money is in the account. However, there the temptation is to simply consume the money.

but just so tied up that you can't decide flexibly.

No one wants that either. There are two possibilities. Either I can afford the house in a few years or I cannot. And then you can/must sell. Whether the investment was worthwhile is another matter.

we have done it that way as well. but I would like to point out 2 things:

[*]please check in advance whether a construction obligation exists after x months/years [*]we have had to endure massive price increases (due to Corona and material shortages) as a result

Good morning, we have already calculated this with a bank and they would even give us a loan with a monthly burden of €2,500.00. Of course, that is not our plan! We already have €1,750.00 purely from rent and saving for the house. At first glance, I actually find €1,500.00 set relatively low.

Excuse me?! Which bank was that? Amazing. I already wrote this in another thread, but I’ll write it again. Maybe experience values will help. At the time of financing, we had an income of €4,700 excluding €500 child benefit. Back then (February 2024), the banks would have financed maximum installments of €1,450-1,650. However, there was still an education loan of €180 per month running. We finally ended up with a rate of €1,625 and notice that this is also our absolute limit. Vacations, car/house repairs, new car, trips with the children, birthday parties, Christmas, school supplies and so on… You partly don’t want and can’t do without all that, and you would have to with another child and a rate of €2,000. One should approach such a calculation rather pessimistically than optimistically and not sugarcoat the numbers.