How to afford building a house and buying land today?

Of course, all helpers and professionals on the (Haus) construction site must be registered, if only for insurance reasons. Nevertheless, some things can be negotiated so that it works for both parties.

If the plan is already set in your mind, your craftsman buddies are ready and waiting, why do you start this thread and complain that you cannot afford it?? What is your intention here?

Just as much as for the apartment with €1,250 cold rent. With almost the same problems as the homeowner – rising rents in addition.

What problems would be the same there? A tenant does not have the bank on their back for a roof over their head. Also, incidental construction costs as well as the annual property tax are eliminated. A tenant also saves on interest. Just the interest on €400k alone could cover 10 years of rent at €1,000 cold. The only thing a tenant has to bear are annual utility cost settlements. Rising rents are normally part of the generally increasing cost of living. My salary also increases. And if you no longer like the apartment, then you find another one, nicer, newer, bigger or smaller.

What problems would be the same there?
A tenant does not have the bank breathing down their neck for a roof over their head.
Also, incidental construction costs and the annual property tax do not apply.
A tenant also saves on interest.
Just the interest on 400k alone can cover 10 years of rent at 1000 euros cold rent.
The only thing a tenant has to bear are annual utility back payments.
Rising rents are generally part of the overall increasing cost of living. My salary rises too.
And if you don’t like the apartment anymore, then you find another, nicer, newer, bigger or smaller one.

Do we really want to start the hundredth thread now about whether renting or building a house is better?

We'll soon be back to comparative calculations and some will be banging their heads over some assumed compound interest calculations and opportunity costs.

No, that doesn't have to be. As with all things on this beautiful hot Earth, there are also light and dark sides here. ☺️

A tenant does not have the bank breathing down their neck for a roof over their head.

But the landlord can raise the rent or claim own use. You also don’t have the bank breathing down your neck – only if you don’t pay, then also the landlord.

Additional construction costs also occur

Are included in the rent.

Annual property tax gone

Is included in the additional costs.

Just the interest alone on 400k can cover 10 years of rent at 1000 euros cold.

For 400k you currently pay about 670€ if you want 20-25 years of fixed interest. That’s somehow less than your cold rent.

The only thing a tenant has to bear are the annual additional cost follow-ups.

Just like the owner.

Rising rents are normally part of generally rising living costs. My salary rises too.

Your installment doesn’t rise with the financing. So you can spend your rising salary on other nice things.

I just want to point out that as a tenant you’re no different from as an owner. The big advantage of the owner is “forced savings.” The owner is paying off their house/apartment. The tenant usually spends their money if they don’t have to save. Of course, tenants can also save and if they do it cleverly, they will have more assets at retirement than the owner. But those are just few. It’s like with the options for special repayments. Everyone wants them, hardly anyone uses them (that’s actually true, we have a five-digit number of loan grants every year and only a few percent of customers use their special repayment option).

Renting or buying is simply a gut decision that everyone has to make for themselves. However, the difference is not big. You are also flexible but have to plan more intensively.