House construction, how much can we finance?

Hello forum, Just freshly registered, as I would like to fulfill the dream of owning a home. The girlfriend would like to move in renting, but that is rather not an option for me. We currently have neither land nor a possible house in sight. Would preferably like to build myself

Who talks about building yourself? There are companies for that. The OP doesn't mention building himself or EL. And the majority of house builders sign a contract, check the construction site from time to time, paint and lay floors, and then move in. That doesn't take time. Only a small part puts so much thought into it and expends increased effort like here in the forum.

It says in the first post. His girlfriend does not want to build, but he would like to build a house himself. I must have misunderstood, I take it all back and contradict myself.

Somehow I have question marks.

You are permanently employed and additionally have a side business for which you want to keep your private savings as a precaution? How are you liable in that case?

Your girlfriend does not live with you yet and you don't want her to move in as a tenant but to build and finance together with you right away?

For such an expensive adventure, both should want it. For you, it is out of the question that she moves in as a tenant with you (isn't that actually a good idea?), and for her no house construction. Doesn't sound like the best conditions.

Somehow I have question marks.

You are permanently employed and additionally have a side business for which you want to keep your privately saved funds just in case? How do you bear liability there?

Your girlfriend does not yet live with you and you don’t want her to move in as a tenant but to build together with you and finance together?

For such an expensive adventure, both should want it. For you, it is out of the question that she moves in as a tenant (isn’t that actually a good idea?) and for her no house building. Does not sound like the best conditions.

It’s not quite like that... About the side business.

It has been running for three years and of course had to be initially financed with private capital.
By now it is self-sustaining or nothing more is subsidized from the main income.

Since it involves trading in goods, naturally a lot of capital is needed accordingly. I, as a sole proprietor, am of course personally liable.

My girlfriend has already been living with me for three years. However, she thinks that building a house is too expensive and that she must reckon with many restrictions over decades.
I myself will not move into rent because the monthly payments simply disappear and nothing is there in old age.

But I think it should not be a question whether rental apartment or own home if you can finance it securely.
I know it from my parental home with the own home. Her parents would have never been able to afford it financially. That is why there is a lot of respect involved.

it is also different within Marburg and the surrounding areas. I would reckon at least €200-300/sqm for the plot. If some small places (Ginseldorf and such) come into question, then surely it’s a bit cheaper.

What can you estimate as an average area for a typical own home? Can you manage with €100,000 within the city?
Ginseldorf, to stick to the example, would already be a bit too far away for me. You would also definitely need a car to do anything in the city.

ah, now I think I understand. Your girlfriend wants to rent a house.

If she doesn't want to limit herself, the first thing to clarify would be how much you are willing to invest monthly. Possibly build up equity first with your secondary job (which actually brings in quite a bit).

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What can you expect as an average area for a single-family home? Can you manage with €100,000 within the city?
Ginseldorf, to stick with that example, would already be a bit too far away for me. You would definitely need a car there to do something in the city.

What do you mean by the first question? How many square meters the property should have?
Very individual. I find 500-700 sqm optimal. With 300 and less, you have the famous towel as a garden. More than that can already mean too much work.

If you take 500 sqm as a guideline, multiply it by the standard land values in the desired area. Depending on demand, you can then add anywhere between 20% and 80% on top.

ah, now I think I understand. Your girlfriend wants to rent a house.

If she doesn't want to limit herself, the first thing to clarify would be how much you are willing to invest monthly. Possibly build up equity first with your side job (which actually brings in quite a bit).

She would rather move into a rental, but hasn't really thought about it yet.
So, strictly speaking, only buying or building is an option.

I don't want to include the side job too much in the financing.
More like a bonus.

Although I don't expect the income to vanish. Rather to increase.
A good five-figure amount has been invested in the last two years, and now everything is basically set up so that something can come out of it.

You should also consider that having 1-2 children won't improve the financial situation.

What do you mean by the first question? How many sqm the plot should have?
Very individual. I find 500-700 sqm optimal. At 300 and below you have the famous towel as a garden. Above that can already mean too much work.

If you take 500 sqm as a rough size, multiply it by the standard land values in the desired area. Depending on demand, you can then add somewhere between 20% to 80% on top.

Right, the garden should be big enough to fulfill all possible wishes.

Be it a greenhouse, an outdoor kitchen, a pool, a garden shed.

Of course, these are all ideas and it would probably be a shame if the plot is chosen too small afterwards.

Of course, too big is no option either.