Financing suitable building land separately before house construction

Hi, I currently have about 15k equity and a 30-year home savings contract, but there is almost nothing in it yet.

I have a plot of land in sight that would cost about 45k + notary fees etc. (how much would that be approximately?).

Is it advisable to start financing the land now, if so for what term and especially how? I want to start building the house at the end of 2017/beginning of 2018. At that time, I won't have much equity left, I think about 10-15k. (assuming I immediately use the above-mentioned 15k equity for the land)

Can I then more or less count the land as equity, since it will already partly belong to me?

Thanks in advance for your help.

Best regards, Michael

Finance the property - but make sure that it is free of encumbrances when you want to build - in other words, either pay it off by then or use another security for the property.

Then I do have to have the [Grundschuld] transferred accordingly, right?

It definitely makes more sense to buy the property first, whether there are encumbrances on it later or not... this way you definitely avoid higher taxes when purchasing both things in quick succession or even both at the same time.

The real estate transfer tax is only calculated on both if the tax office sees a connection between them. If you buy yourself and build with an architect in individual contracts, this should not happen. If you cannot pay off the land by the time of construction, then I would think carefully about it because if you later finance the house, the bank, unless it is the same one as for the land, would have to go into second rank in the land register and hardly any bank will do that. This means that if the land is not secured otherwise and is not debt-free by then, you are tied to one bank because of the securities.

Additionally, you get the problem that if you secure your loan for the property with the same property and have not yet paid it off, you have to enter into negotiations with this bank. Every other bank will make you pay well for having to be subordinated - it’s just annoying.

*edit* ah sorry, had already written to Stefan.