First thoughts about one's own house

35...she hasn't even reached the halfway point yet.

Thank you very much for the diverse opinions. And yes, I am relieved that I wasn’t immediately talked out of it, but also that the reality was presented to me!

I will try to have a conversation with my parents soon and possibly also consult an independent financial advisor. At the same time, I will casually inquire about plots of land and their prices.

If my project is at least realistically feasible, I will buy a plot of land, unless it must be developed within a certain short period. I simply do not want to take my son away from his super great elementary school. I also think that in an emergency, a plot of land can be sold again without loss. If my financial situation does not allow building a house, I will not buy anything for now and will continue to consider.

In due time, I will certainly have new questions and look forward to further exchange.

Thank you!

If you find a suitable plot for you, buy it, if building obligation is longer than 3 years (or none at all). I share your opinion regarding the price increase of the building plot: however, only if reasonable infrastructure is available. That seems to be the case. So secure the building plot and then plan calmly. By the way, we are doing the same right now. It’s more relaxed when the building plot is secured. From everything I have read from you, I am convinced that you will manage it. You look forward, but also have a healthy view of reality.

From everything I have read from you, I am convinced that you will make it. You look ahead but also have a healthy view of reality.

That's how I read it too :)

Hello Camille,

You have more or less described your life situation. The quite correct initial responses from the other participants deal almost exclusively with the topic of financing. That is of course also the first question you have to ask yourself. What can I afford and what do I want to afford? Thus, one has to reconcile the ideas and wishes with what one can afford financially. However, there are many possibilities here as well. You don't have to have your house paid off by retirement age. My wife and I are moving into our new house in Hamburg in two months. We are both in our late 30s, earn well, but due to the high overall costs in Hamburg, we will not have the entire financing paid off by retirement age. But we have consciously accepted that. By retirement, our daughter will probably be out of the house. Then we will be sitting (at best, if things go well for us!) alone in a house. Maybe it will be too big for us then and we will sell and move into a smaller apartment. Who knows.... In any case, we are looking forward to hopefully many nice years in the house, but we also know that we must not be stuck to it. If interest rates rise sharply after the financing expires or if something else happens (job loss, illness, divorce, etc.), then that is how it is and you have to deal with it. If you are only negative, then you are never allowed to start anything that could end badly.

If you should decide to build, it is like caring for and raising a child. There are a few basic rules that are reasonable and good. You should definitely follow these. But much is also due to personal, local, and time-related circumstances! Many people could probably share their positive and negative experiences with you here. Whether that would also apply to your case depends on your circumstances. Therefore, take basic rules as a foundation and be prepared to go your own (often long and exhausting!) way.

Best regards
Andy

Have you already looked at current property listings? In our area, the current price per square meter is significantly above the standard land value (sometimes almost 50%).