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

Please do not forget: land prices of 650-800 euros/sqm are rather normal prices here in the Nuremberg area. This has nothing to do with a luxurious residential area. In luxury areas you simply pay more here. Further outside, prices naturally go significantly lower, but this would also be associated with longer travel distances to almost everything (shopping facilities, work, parents).

But back to the actual topic: we will now carefully analyze our expenses of the last 6 months and make a cost statement. Then we also know where how much money goes and where you can also cut costs if necessary. You do swallow hard when you hear that you have to pay a monthly rate of 2,150 euros for over 10 years and then continue with about 1,700 euros for another 20 years (without special repayments included).

, thanks for your contribution: We are aware that painting the walls is not the only part of the painter’s work. My father as well as I are skilled craftsmen (for example, my father took over a lot of the interior finishing work on my parents' house himself), and we have also completely laid floors on our current apartment on our own. These are things I feel confident doing. Electrical work would also be possible, but we don’t want to overdo it and overestimate ourselves. Therefore, "only" the two trades + outdoor landscaping as self-performance. Additional sockets, different fittings and bathroom ceramics, electric blinds, and a buffer are already included in the price. Meanwhile, we have also found an acquaintance of a friend who built with the builder and could confirm that the house price was really a fixed price and at least for their construction no surprising construction costs were added.

Please do not forget the additional costs and provisions either. You don’t have an owner in between now. It will certainly cost 400-500€ per month

Please don't forget the additional costs and provisions either. You don't have an owner in between now. It will certainly cost 400-500€ per month

So nothing fits together at all. Plot extremely expensive and house way too cheap. Garden and kitchen missing completely. That is not plausible. Net income is okay, but not rosy. Loan is way too high in relation, it is above what you can afford.

Conclusion: Plot must be 200,000 cheaper, house 100,000 more expensive and then a bit more equity and then this thing will work.

Absolutely not like this.