House Building Forum - Would you buy or build a house again?

Hello, we are about to sign with the developer and have really started to wonder whether we should do it at all.

This is - to a certain extent - "normal"; you are "afraid of signing". As my predecessors correctly wrote, you now have to remember why you planned to build your own home. If the reasons back then still apply, if investment and income match each other AND you can also handle bad days when everything really goes wrong, then you should complete the project. For a good feeling and according to the four-eyes principle, involve an external expert and good luck! Rhineland greetings

Thank you for the numerous responses. What I am still interested in now is your calculation. So how many percent of your income went towards the loan installment? The ratio of income/loan would really interest me.

Thank you very much for the numerous responses. What I am still interested in now is your calculation. So how many percent of your income went toward the loan installment? The income/loan ratio really interests me.

For us, it's 30% of the income with an equity investment of 50-60% (especially the garden eats up several tens of thousands of euros, which will be invested gradually...).

With us: 29%.

Many thanks for the numerous replies. What I am still interested in now is your calculation.
So what percentage of your income went towards the loan installment? The income/loan ratio really interests me.

For us, it is just under 23% with about €5,300 net income and a monthly installment of €1,200.

So far, we have invested a total of almost €510,000 (land, house, outdoor facilities, incidental construction costs, additional specifications, kitchen, furniture, etc.). €260,000 of that has already been paid from equity, the rest is loan.

We plan on approximately €5,000 annual special repayments, so we should be done in about 15 years.
It was important to us not to have to restrict ourselves despite the loan.

Have we regretted building the house? In short: No, not for a minute!

PS: We only had 20% equity because I originally never wanted to build and spent everything....(which I don’t regret either, it was a good life: raise the corks, hobbies and holidays without end).

Otherwise, our income is about the same as Masipulami’s. However, the place was a bit cheaper for us at 370K.....thus 29% instead of 23. But with 100% interest rate protection until the end of repayment (makes it more expensive, for the sake of my sleep quality). 10% prepayment possible per year.

Earlier with the (I say it frankly: stupid) rental place, the rate was 22%. Trend: increased by 3% every year. So it’s bearable.....you can buy freedom. Cut back a bit on hobbies. One less vacation.....or shorter.