Interest rate development current situation. Build now or wait?

I would also like to throw into the room again that I am grateful for the exchange here and your opinions. We are not completely naive either, so we have not inquired anywhere or gone to a bank. For us, a house and the garden associated with it mean a piece of "freedom." It is a wish/goal and I mainly wanted to get input here.

I would also like to put out there again that I am grateful for the exchange here and your opinions. We are not completely naive either, so we have not inquired anywhere nor gone to a bank. For us, a house and the garden attached to it mean a piece of "freedom." It is a wish/goal and I mainly wanted to get input here.

You’ve got this, keep at it. :)

I have always thought about a semi-detached or terraced house. Also because of the incidental costs to be borne. However, there would have to be a bit of garden. Here, mainly terraced houses are built very centrally, of course the land is much more expensive and therefore the total price is equivalent to a detached house. Since the question about the price for the house came up. Depending on the location, a plot would cost 50-80k. According to research, a prefabricated house (in our idea) from e.g. Rensch-Haus or Bien-Zenker costs 230,000k, additional costs and incidental construction costs would certainly be added.

In any case, keep in mind that these are catalog prices and you will never get this house for €230,000. However, that goes beyond the scope now and naturally goes into much more detail. However, there is very likely nothing under €300,000. Then your plot with 70k comes on top and the incidental costs with 60k. Additional costs etc. --> before you know it, you're at the €500,000 I already mentioned - you have to be aware of that.

You do realize that you can't just convert your prices nationwide, right?

I also think that in Saxony a house ready for occupancy for 300,000 EUR (possibly even 250,000 EUR) should be feasible, but of course plus additional costs. And those are a wildcard. If you have difficult soil conditions, they can easily get out of hand. I have a completely flat plot and still 6,500 EUR just for the foundation earthworks! And I didn't have any excavation removed because I hope to be able to distribute it later. Together with the earthworks for the utility connections, another 10,000 EUR could easily be added without personal contribution. And I have almost optimal conditions. So starting a conversation with 500,000 EUR to see if it would be possible is at least not a mistake. You can always aim lower when it gets a bit more concrete. Certainly possible with existing buildings as well.

You do realize that you can't just convert your prices nationwide, right?

Exactly, that's why the approach with 300k. In BaWü you can't even get a garden shed for that :D

I think with 500k total costs you're well off in Saxony.