Is construction financing possible with my salary?

There are beautiful single-family houses, whether a one-story with a converted gable roof or a bungalow with about 120/130 sqm, which are suitable for two people, but also for three (or four) residents. An open kitchen without a large island requires less space than a closed one, where you still plan for two dining areas. Children's rooms of 12 to 14 sqm should be sufficient. And until children are expected at all, these rooms can be used as an added value. However, you could also build a small one-story house with a flat gable roof and prepare the roof as living space and, when the time comes, convert a large office room into two adequate rooms. I would probably favor that in your place. The ground floor thus additionally accommodates, besides the living space, kitchen, and technical room, a bedroom and bathroom as well as a fixed staircase upstairs. Upstairs then simply converted into an office/gym/guest room, and if needed, a children's room partitioned off. If you do not have great demands on the equipment, that is feasible. However, a downside: say goodbye to 30 sqm of storage space – an 8 sqm utility room including technical equipment can suffice for 2 people, plus storage cabinets in the slope under the roof, and when the time comes, a storage room behind the carport and/or a garden shed is completely sufficient. Congratulations on the plot and the saved amount! I hope we may participate somewhat in the design planning [emoji2]

Thank you very much. I inform myself beforehand in such a frequented forum so that you can get the most out of it and not approach the matter too naively. You can’t build without mistakes anyway. Drafts would of course be presented, because architects don’t have everything in view either.

But you also have to be a little "grounded" and know that certain things are simply not feasible if you have too little money.

Tell me in which part of Hessen you will be building. Then one can also say a bit more about the construction costs.

You have great conditions. And financing is absolutely feasible. However, in my opinion, not or barely sufficient for 15 years. And the construction costs are, in my opinion, too low for your expectations (120-130 living space + 30 non-living space / garage or closed carport / etc.).

Regarding the financial aspect: there are certainly many here who have more knowledge and are more well-read. However, you have to consider that you don’t have to support a family of four. I trust you with €1000 on a salary of 2.6, then you have €1.3 left to live on. Some steady girlfriend is responsible for your fridge. If something more serious sticks, then two salaries are available until children are planned. However, I must also say: building a nest is more fun with two, and a woman really enjoys that. So it could be that your house and a "Neue Feste" won’t become friends, especially if a predecessor has already been involved in planning.

Uh, the 15 years I meant as a fixed interest rate period. Repayment should have happened within 20 years. That was not well explained by me. 10 years fixed interest period and thus a slightly lower effective interest rate would be too short for me, as I think the interest rates could rise again.