You shouldn't underestimate exterior facilities. They are a battle of materials, and it only helps to a limited extent if you value your own working time at €0.
This applies even more on sloping terrain than on flat land. Material for retaining walls is expensive; above a certain height, it is also dangerous without expert knowledge. You will certainly also need drainage for the retaining walls if you are building with a white tank, etc.
Of course you are right! As mentioned earlier, we only need the one retaining wall, the rest is supported by the garage and the house, connected by the mentioned support.
The garden is then relatively flat or can be developed little by little. Luckily, we still have about €40k in buffer. But as you say, I will certainly underestimate this at the current stage. The only important thing for me is that all necessary supports and fillings are already included in the calculation. Fence, etc., we will see then.
Rarely see threads of this type that are so well thought out.
I find it all reads quite consistent. A few good points have already been mentioned.
Especially when children come, you might have to tighten the belt a bit for 1-2 years. But it is doable if you don’t insist on staying home full-time for 3 whole years. ;)
Maybe plan a little buffer for eventualities / slope issues etc.
Good equity, income is not bad either, and your ideas about a house are not excessive.
Thank you, that’s nice to hear.
The topic of children will certainly demand quite a bit from us—in many ways.
We have planned a buffer, €15k in credit, €40k equity still available. I also think that our expectations fit, and overall we are quite modest and not starting the project with exaggerated hopes.
If the application has been submitted, why should the chances be only 50/50? How long have you already been waiting for the review? (i.e., what is the processing time from application)
I think that currently many are going to insurers because, compared to banks, interest rates have been relatively "low" for quite a while. They will certainly have several applications to process and are generally not as experienced in construction financing as banks. However, I think our figures are correct and the total costs are also consistent. What remains is the appraisal of the property regarding location; the next city with 100,000 inhabitants is about 20 km away.
Review has been running since Monday, 7 days scheduled.