Financing land and single-family house near Mainz

I am just jealous, how did you manage to get such a cheap plot here with us? :oops:

Yes, we didn't even look for plots for that reason, because we thought we couldn't afford it anyway. Absolute coincidence through acquaintances of acquaintances

Yes, we didn’t even look for plots for that reason, because we thought we couldn’t afford it anyway. Complete coincidence through acquaintances of acquaintances

Ok, that explains it, you just have to be incredibly lucky. As soon as something comes on the open market here, the "normal" prices are over. They bid each other up like crazy. We would have jumped on it immediately at 300 €/sqm, congratulations!

We are both employed with about 4500 € net

I thought to myself: together 9000 € per month - that’s very easy.

I come to 2100€ and my partner to 2400€. I would get about 1200€ during parental leave for 1 year. But since I work according to tariff, I will earn about 150€ net more every 3 years.

Now I think: that works with good spending discipline.

You definitely can’t go wrong with the land purchase, even if you get “cold feet” before the house project - no capital is lost if you buy the land - rather the opposite.

The figures appear plausible at first glance. However, it always depends on what the [Haus] includes.

Welcome to the forum.

What do you think, is this too big a financial risk for us? Or are the numbers even realistic?

I find the whole thing doable and realistic for now.

The numbers fit. Whether the garage is included and additional construction costs and outdoor facilities, you have to see. Normally, one currently says about €2,500 per sqm living space + additional construction costs + garage + outdoor facilities. 120 sqm with prefabricated garage (small) and additional construction costs as a standard house/equipment should fit.

I can only agree with this. Calculate honestly and then you have to check whether the loan amount fits. €530,000 with €4,500 salary is already a lot. It shouldn’t have to become more.

we are a couple (37 years old)
[..]
We are both employed with about €4,500 net, 1 child planned. We can save about €1,700 monthly.
[..]
I come to €2,100 [..] get about €1,200 in parental leave for 1 year.

This will be tricky. Parental leave may last longer than 1 year if you don’t have a daycare spot right away. Is daycare at least free apart from the meal money?
Will you or your partner reduce hours, or do you think you can both work full time? Would that even be realistic?

Because of your age, you can’t reduce the repayment period for long or stretch it out.

I can only agree with this. Calculate honestly and then you have to check if the loan amount fits. €530,000 with a salary of €4,500 is already a lot. It shouldn't have to become even more. Here it gets tricky. Parental leave may last longer than 1 year if you don't have a daycare place right away. Apart from meal money, is daycare at least free? Will you or your partner reduce hours, or do you think you can both work full-time? Would that even be realistic? Because of your age, you can't reduce or stretch the repayment for long.

I would also sign off on that. And recommend really calculating a "worst case" scenario with realistic external childcare costs (around €400/month in your income category here - that won't get you far even with child benefits and one tariff increase) and also calculating the desired part-time model. It won't help if you calculate with 2x full-time and then realize that you/your child need something different, but you can't afford it.