Financing volume 410k € Feasibility assessment

You can indeed do it that way. The alternative would be to live with very simple equipment for 5-10 years, then sell and build new.

You can also do that. But you can also decide later based on what the market offers.

There aren’t even any floor plans yet (haven't seen any), and already a sale of the "hut" is coming into play again. :D

First, a proper plan/calculation must be made of what the home - fixed and finished - costs, what additional monthly expenses (insurance etc.) will come, then "take another look."

Whenever I read, "Do this and that later," with what money? Christmas is over.

When I always read, "Do this and that later," with what money? Christmas is over.

TE has not included Christmas bonuses and other benefits. And at that age, the salary will certainly increase. Then you can wish for something for the parents' garden for your birthday....

There aren’t even any floor plans yet (I haven’t seen any), and already a sale of the “hut” is being brought up again. :D

First of all, a clean plan/calculation is needed to determine what the home – fixed and finished – will cost, what additional monthly expenses (insurance, etc.) will be added, then “take a closer look.”

Whenever I read “Do this and that later,” with what money? Christmas is over.

Well, I would say that anyone who manages to move into the new building must have at least "sufficient" skills in handling money. Therefore, one can assume that such a person will be able to organize or save money for later expansions. You just have to be clear about your priorities, estimate the costs of the house accurately, and plan sufficient reserves. For example, in our original house planning, we stayed well below our financial means. Therefore, it was only a minor stress for us that our new build, in the end, including all incidental costs, the outdoor area, as well as a final development contribution, is now almost 60% more expensive than the figure that was once in the construction contract with the general contractor. (20-30% more expensive than the figure in the construction contract + land is, as far as I know, the standard assumption)

Well, I would say that anyone who makes it to moving into the new building has at least "adequate" skills in managing money. In this respect, one can already assume that it will be possible for such a person to organize or save money for later expansions. You just have to be clear about your priorities, accurately estimate the costs of the house, and plan sufficient reserves. For example, in our original house planning, we stayed well below our financial means. Therefore, it was only a minor concern for us that our new building ultimately became almost 60% more expensive including all additional costs, the outdoor facilities, and a final development contribution than the amount that was once stated in the construction contract with the general contractor. (20-30% more expensive than the amount in the construction contract + the land is, to my knowledge, the standard assumption)

I don’t understand the 60% and the 20-30%.

Do you sometimes get annoyed that you did not plan for more, or were you able to change everything during the course of the construction? We once had the thread about the financial possibilities that changed retrospectively, and the topic still doesn’t let us go :-(

How much equity do you have? A paid, fully developed plot (according to BORIS NRW €57,500 - purchase price was €67,000), also: €40,000 savings - €15,000 kitchen, €7,500 furniture, €10,000 landscaping, €7,500 as a buffer. The plan here is to also continuously contribute from the current salary during the construction phase for materials, etc.

We are currently in the middle of the construction phase and our plot also "only" cost €67,500 for almost 400 sqm, and you have 650 sqm.

So I assume that building in your region is still not as explosively expensive as in some other regions. And in my opinion, you have many trades in the DIY work that already make a difference. Whether all of that works out with the DIY work only you can assess.

You can finance the whole thing with the figures given. In addition, you still receive payments that you have not factored in. Most people don’t go on trips or skip vacations during house construction anyway and put that money into the house (yes, I went away, but that was during the summer break with the general contractor and the vacation money was already saved ;) ) and afterward, you are usually busy with "moving in" for a while.

To me, the whole thing already seems well thought out. I can’t specify our expenses down to the exact 100 euros either, and yet my own expense planning was very accurate.

We also handle it the same way, paying some upcoming expenses from our current salary.

I would definitely increase the costs for the landscaping, even if it is done later, or take out more money. If anything is left over, it is easier to pay back than to raise money afterward.

And as soon as there is a child, you can also adjust the repayment rate for the time when the income decreases a bit. We did that back then too. We reduced the repayment to the minimum and, once the child was out of daycare and I worked and earned more again, we increased the repayment to the maximum rate.