Home construction financing with a primary earner

Did I understand correctly that you do not yet own the plot and are calculating with the standard land value? That can backfire quickly. Market prices are often 2-3 times higher.

I agree with Tom on that, you probably won’t get the plot for 220 k€. Where exactly is it? Insurance premiums and living expenses will certainly add a few more €. Please plan the project as "finished and complete" and not "we'll do the landscaping later." This is more likely to be a million-euro project!

Hello, I also think it is doable and I know that 2 families in our building area financed similarly. The women are completely at home. I only wondered whether they would still manage if the spouse splitting is eliminated. But for that, a family splitting with 3 children might initially improve the situation until the children are no longer counted. We will see what happens. You can, if necessary, sell a house again when the children have moved out, so it’s all a question of perspective. Otherwise, I probably wouldn’t build 175 sqm right away in your place. We also have 3 possible children’s rooms and a study with 160 sqm. Especially since outdoor facilities are not planned. Don’t you want to go into the house without mud and have dinner on a terrace?

Hello, if things get tight, the woman just has to go to work. What I notice is that there is high equity but no savings rate in Hamburg.

Gift, inheritance or self-saved.

If gift, then it generally gets tight when it comes to building a house

Yes, we will buy the property for this price. :) It is reserved for us and the prices are set by the city here. If you google the "Ulmer Modell" you will find more about it.

But how do you get to 3000 warm? With the financing amount, you should get by with a loan payment of around 2000 euros. Additional costs maybe another 400 euros.