Thank you very much, yes we are over the moon..... As soon as the notary appointment is done, I will become a regular here...Delete the word actually, then I congratulate you on a good decision - look forward to your bungalow. You are welcome to discuss the planning and later photos here :)
You want to enjoy yourself for the next 30 years... then do it.
Your children are probably not a problem. If you mean inheritance: as already said: you are building for yourself, for you... the children can and may acquire something for themselves.
For us it is €500 monthly... land price would be 300K,,, but as I said there is no land to buy... so just under 2%We are currently building on a property with a leasehold through an archdiocese. Now hold on, we pay almost €900 per month. Actually usury. The point is, there is no alternative. But we definitely want to expand. It is one of the most sought-after/expensive areas in the city. So actually even lucky. There are no alternatives. If then existing buildings with oil heating from the 80s from €750,000 upwards and that in completely different districts. Since we can finance the construction entirely from the proceeds of the sale of our current property, we are sugarcoating the lease as "rent". So far we have been paying significantly more monthly for our condominium.
I consider the concerns that you are not the owner to be unfounded by the way. For a reversion to occur, a lot would have to happen. Apart from that, we can do whatever we want with the house and the land.
Thank you very much, yes we are over the moon..... As soon as the notary appointment is done, I will become a regular here...
Yes, we share that thought too. thxSuper... stay relaxed! The money you don't have to borrow now, you will have double and triple in retirement... There is a difference between having to finance 350,000 or 500,000. It simply makes for a relaxed life!