Is building a semi-detached house sensible despite low equity with a long loan term?

145m2 x 2200 euros plus 50,000 cellar plus possibly 20,000 garage equals 390,000. That includes standard, you are talking about special requests. They usually cost a lot of money. The house alone will therefore be about 100,000 more expensive.

I also consider the financing amount to be high. A payment of 2,000+ is a lot, even with that income.

A semi-detached house can also be placed on smaller plots. With us, with the same land prices, the plots are about 250 sqm.

Doesn't fit together. Usually, you don’t build such cheap houses on such expensive plots. Here with us, no plot is under 300k and the houses are rather 500k+. I know quite a few neighbors by now and people talk to each other. So far, I haven’t heard from anyone that they were under 1 million all-in. As I said.. plot on average 350k or more.

Equity should be at least 20%... rather 30%. So only for financing. Costs for kitchen and outdoor area come on top. That would definitely be at least 250k for you.. probably even more. Have fun saving.

Special requests with us are electric roller shutters (approx. €280 surcharge each) or a floor-to-ceiling instead of a normal window. So not too elaborate. But even we were surprised by the low offer price (allegedly a fixed house price). Other providers (they were developers) were around €50,000 higher. Your opinions however confirm our suspicion that the house will end up being significantly more expensive than offered.

We just had the naïve hope that everything – even with the prices asked – is consistent. Because the high rate over the term also bothers us a bit and does not allow for large unexpected costs.

Hello, you have a good income, no question about that. I assume the situation is that you are expecting children. €6,000 income, €2,150 loan plus additional costs: at least €2,700 for 10 years. That means you have to save money for the KfW loan. From what? Almost 50% of the income is gone. It’s all too tight for me as well. Also the imbalance between house and plot. Are there no existing properties?

I see it differently from my predecessors. If the plots are that expensive, then they are just that expensive, or you have to move further out. If a general contractor offers such a low price, that is of course a guideline. It is important with a rather cheap offer to look closely at what is included and what might be missing. The comments on the purchase price suggest that there is a surprise to be discovered here. Whether “one” builds an inexpensive house on an expensive plot or not is completely irrelevant. We are building an expensive house on three inexpensive building plots. “One” doesn’t do that either. So what? The installment is high but manageable with that income. Many have already managed with less. The low equity capital suggests from a distance that you either have no particular household discipline, have only recently been earning these amounts, or have had to pay off something else. A high installment requires spending discipline and possibly a change in lifestyle. I know that, because we spend “unmengen an geld” in restaurants and are reluctant to give that up.