Initial questions about the topic of house construction

Oh, and then there is:

New construction would be cheaper than remodeling the barn.

Edith says: I was too quick there. All right.

Oh, and then there's also:

A new build would be cheaper than converting the barn.

Edith says: I was too quick there. All right.

But we did save the plot since it is on the parents' property? We will also be able to tear down the barn ourselves... We could nearly handle the shell construction on our own as well.

But we saved the land since it is on the parents' property, right?

Foreign properties are worthless; I wouldn't enhance them with anything. As parents-in-law, I would consider making gifts twice more, each over ten years, before the onset of my own death or the need for care of the youth. But that is the tax advisor's area.

How expensive is the building land with you?

Best regards
Sabine

Hello Curly,

I can hardly say, plots are traded for around 40,000 EURO as far as I know, but there will be no building plots in the next 10 years.

And the father-in-law just wishes that someone stays on the farm...
And that’s why the barn was considered...
Which I actually also think is a good idea.

If I were you, I wouldn't build anything at all for now. You are still so young and have only been together for a year. Your boyfriend is still in training, who knows where he will want to work later, maybe he won't like his current company anymore in the future. The plots are very cheap where you are, so you can always build later. Do you really want to stay with your parents, on a farm? It somehow sounds a bit like work to me. Also, you have to consider that you must be able to afford the financing with only one salary if children should come. So why not just wait a few years and see what happens.

Best regards
Sabine