High equity, low income: to build or not?

Otherwise, it takes way too long to get into the planning phase (a contract for work and services with rights of withdrawal is on hold!) and then you quickly end up paying standby interest.

That doesn’t have to be the case. It also matters what kind of impression the "seller" has of you. For us, it went very fast. We went to the first "getting-to-know" meeting, they offered us 2 house types with prices and so on, we talked for 2 hours and 2 days later we talked about the appointment for the signature. We clearly said that we didn’t have financing approval yet, briefly explained the situation (2x full-time permanent jobs, 20% equity, no debts, SCHUFA 97%+) and immediately got the right of withdrawal in case the financing failed. This can only happen due to KfW after the KfW-relevant documents are available (I still find that completely stupid today, what does the house loan have to do with that...). Since it was a fully calculated house, we immediately received all the documents for the bank a few days after signing, which in turn gave the approval immediately. After 1 week we had some written confirmation ready, which we sent to the construction company. They said that was great but they were already done with all preparations. The seller, who was coincidentally also the managing director for us (construction company with over 150 employees), said he was firmly convinced that we would get the approval anyway and let us start immediately. The seller/MD was then also our site manager. Overall, it all went very fast when I think back exactly 1 year.
The payout of the first money only happened when the floor slab was already installed (the company advanced the costs until then). It’s just the way the country and people are, he certainly didn’t need it.

Ok then it is not always like that.
With our prefabricated house supplier from North Hesse, it was like that.

@everyone: Thank you very much for your feedback, it's really great how many useful pieces of information you can get here.

: thank you for your detailed report. I think we will wait until more information about the building area is available, at the moment it's all way too vague for us. What use is a price to us now if we don’t even know exactly what is allowed to be built there, let alone what the plot will look like. Your experiences and tips are already helpful for us.

: then let's hope it won't be too expensive with a flat roof. To be honest, I don't like a recessed floor at all, I'd rather prefer a cubus.

: then let's hope it doesn't get too expensive with a flat roof.

That depends on how (prefabricated house or solid construction), with whom you want to build, and of course on your equipment wishes. But basically, it should be feasible.

I checked my documents and found an animation of an older offer* (round about 120 sqm), which should roughly correspond to your ideas. The provider you have favored so far also offers a similar cubus.

*looks even better with inserts in gray on the white plaster.

Rhenish regards

Thank you, construction expert. The house doesn’t really look nice, but I could live with it if it fit within our financial limits. And after all, the inner values count. We want to build solidly and no frills in the equipment.

On Wednesday, there is an information event about the new development area, hopefully I will learn something new there.

You write about a cuboid as a two-story building; square, practical, it then looks - with an almost white facade - just like shown.

I also wrote that color contributes a lot to the appearance

Good luck!

Regards from the Rhineland