House construction costs in 2024, 2025, or not at all?

Could you sell off the property again?

if not even the other properties have been sold, probably no one wants her property either

if not even the other properties have been sold, presumably no one wants her property either

If necessary, the municipality takes it back if they do not comply with their building obligation. However, that would take years, during which unnecessary interest would be paid. Besides, I think it also costs money if the municipality has to take it back. It always depends on what was agreed in the contract.

most assume construction costs of 3000.--€/m². One can debate whether existing buildings become cheaper or more expensive, but new construction will definitely be more expensive and will be over 4000€/m² in 2-3 years. I also believe that while the combined salary is okay, the equity is significantly too low. Bafög and student loans say a lot, the amount of the student loan says a lot, 2 financed cars, wedding costs, etc. The statement "we can also do without a vacation" does not fit together with that.

If necessary, the municipality will take it back if they do not comply with their construction obligation. However, that would take years during which unnecessary interest would be paid. Also, I believe it costs money if the municipality has to take it back. It always depends on what was agreed in the contract.

why should the municipality take back the land when they are sitting on unsold plots. a municipality with 400 inhabitants has no money for that

why should the municipality take back the property when they are sitting on unsold properties. A municipality with 400 inhabitants has no money for that

It depends on the contract. We once had a clause somewhere that the property reverts to the municipality if the building obligation is not fulfilled.

Bafög and student loan say quite a bit, the amount of the student loan says quite a bit,

Now hold your horses. Coming from humble circumstances, taking out a student loan, completing a degree with it, and having paid it all back by the age of just 30 - that actually says quite a lot, but certainly nothing bad.

It depends on the contract. We once had a clause somewhere stating that the property would revert to the municipality if the building obligation was not fulfilled.

But let's keep things in perspective. Coming from humble circumstances, taking out a student loan, completing a degree with it, and having repaid all that by the age of just 30 – that actually says a lot, but certainly nothing bad.

Thank you for your words. I actually don’t see anything wrong with it either and I’m glad to have already repaid about €50k (student loan + Bafög) through savings. The degree in this form simply wouldn’t have been possible for me without the student loan because my parents couldn’t support me in the way they would have liked – I would honestly do it the same way again in retrospect and am happy about the decision back then. :)

And yes, indeed the contract stipulates that the municipality takes back the property if the obligation is not met, but I don’t want to assume that will happen today. As I said, we already have the extension of the building deadline and no one really knows what will happen in 5 years.

I think that without a fully paid-off property, we don’t need to request financing, neither in 2023, nor 2024 or 2025, so this should be the next milestone now. And if it doesn’t work out, it simply goes back to the municipality, we’ve paid notary and property tax costs as a lesson learned and have to see what happens next.