Financing of building plot and new house construction by private investors

hm...I sell my condo immediately after building the house and moving there.

I would just sell the condo immediately, pocket the money, and arrange a usage compensation with the buyer for 12 months. Money in the pocket, no stress with financing (no matter from whom). I did it the same way (twice already).

Unfortunately, I am a bit unsure about the large amount (120K) including land, concrete foundation, house kit and ancillary services like scaffolding, insurances.....?

Morning, something is not right here, where do you want to build? You can probably triple the "large" amount. Nobody is giving away money, except with high risk and correspondingly high return. Regards Olli

I would simply sell the condominium immediately, pocket the money and agree on a usage compensation with the buyer for 12 months. Money in hand, no stress with financing (no matter from whom). I’ve done it like that (already twice).

You mean sell the condominium, agree on usage compensation with the buyer during the construction period of the new house (max. 12 months), and move into the new house after completion? That would also be an idea.... Thanks for the tip!

Morning,
something’s not right here, where do you want to build?

In the countryside, specifically at a border to a neighboring country, next to a nature park. There is no aircraft noise there, only peace and quiet, no neighbors immediately shouting "oh and alas," my hobby (amateur radio) is not instantly seen as the end of the world, etc.....

You can probably triple the "large" sum.
Regards Olli

Why? There are wooden houses to build yourself without land and foundation slab for just under €45,000, and fully developed building plots for €15,000-20,000 depending on size where I want to build. For my plan, a max of 800 m2 plot area should be enough. (House with garage about 90 m2) As I said: own work when building not deducted plus a financial cushion for unforeseen measures/materials such as tools and machines.

I've seen these houses too, but they're just big garden sheds. Are you even allowed to live in them permanently? The energy saving regulations and stuff probably aren't met even remotely.

and: With the amount of own work, one year is never enough. You also have to add the time for the building permit application, approval, infrastructure, etc. And even a 45K wooden kit house doesn’t build itself. Without a crane or at least a few strong helpers for several weeks, nothing works there either. Someone still has to sign the plan, either an architect or an architect from a general contractor (building submission authorization).

P.S. I struggled with the idea of building a TinyHouse (not "Rolling") for some time (also stayed in one). Looked at various kits, researched, etc. Without land, it was always at least 100K if permanently habitable (primary residence!) according to the energy saving ordinance.

First make precise and above all feasible plans, have them checked by experts (costs money!). If you get the green light here (and only then) sell the condominium as suggested above but rent it back yourself (the market is totally crazy at the moment. Maybe you get more than you expected?)

With a lot of own work in construction, much is possible, but please do not overestimate yourself. For example, I currently work 1 to 2 times a week + every Friday afternoon + Saturday full-time on the construction site and it really takes a toll on my strength (I’m 53 ...). I couldn’t handle full-time all week. I’m also never alone on the construction site. Even though I know why I’m doing it, I have to motivate myself and that’s much easier with two. (Very) many things simply don’t work alone.