Is financing a new single-family house feasible?

When well calculated, I could only smile. That’s not well calculated, it’s nicely calculated.

He said:
Regarding the outdoor area for 10k: Everything is done by ourselves here. We have many friends who have the necessary materials and skills. We don’t have high demands here. The yard will be paved, the terrace covered with slabs, and the rest will be a green lawn. I think 10k is already well calculated.

100m2 clinker paving with mineral and grit is doable for 5k.

For me, there was additionally a fence, terrace awning, terrace with 60m2 porcelain stoneware + 32m2 aluminum terrace awning,
irrigation system with control,
raised beds (granite, just the stone 4400)
driveway 150m2 paving, equipment construction, lounge area, bicycle shed.

Yeah, then it was 30k, despite own work.
Half of it I haven’t even installed yet, just stored the materials.

I don’t understand why the outdoor area is so important here? That has absolutely no priority for us. If the garden and the yard are a construction site for another 3 years, then that’s just how it is...

I also know that you can’t count the KfW subsidy as equity in advance. But it is money that we will definitely get, and I can use it on the house, so I can count it as "capital," right?

The excavation and earthworks will be done by a friend who owns a 20-ton excavator.

I don’t think we are naive. We have been dealing with this topic for 2 years.

Whether the existing properties are sugarcoated now, I don’t know. If existing properties are available here, they either go under the table or are inherited. There is no big selection.

We’ll see.

Well, it's doable. Paving 10€/sqm. 150sqm driveway. 30€/sqm terrace slabs. 30sqm. Plus the base with 1000€. That's okay. A bit of gravel as a splash guard. Lawn seed, rent a roller, garden hose and sprinkler for watering. Instead of a garage, a garden shed for 2k. Rental tools like a vibrating plate etc. It's just the simplest standard. Or ebay classifieds "Paving to give away" plus a pressure washer. It's possible. Whether it meets your own standards is the only question here.

Do you have a special regulation in your town, otherwise the daycare in RLP is only free from the age of 2 (although food costs or similar apply).

The child should only go to daycare from the age of 2; in the year before, the two parents who work part-time will babysit.

I got stuck on "only high-quality houses and no simple houses are discussed here" and then I read something about leaving out the ELECTRICAL shutters in the ATTIC and large windows. So for me, a simple house has no shutters and definitely no electrical ones.

Besides, we might be talking about 3k savings on these items. A 10% buffer would be 40k-50k.

I probably would have gone through with it if I were you a year ago, but currently, it would make me feel uneasy. I also didn’t understand whether the turnkey price is relevant or if everything possible is supposed to be done by yourself?

It would be nice if you keep reporting. It would be a help for everyone who is calculating similarly!

I also want to throw another perspective into the room, namely the age when buying/building a property. According to Statista, the average property buyer in Bavaria was 39 years old (data from 2017). In the other federal states it is similar. In Saxony a bit less (38), in Berlin (41) and Hamburg (41) a bit more.

Most people here who have somewhat lower equity and income are under 30 in the forum - the OPs are even 2 years younger. That means they are 11 years (!) away from the average in Bavaria of 39 years.

In 11 years, if you don’t live in a completely overpriced rental and are accordingly frugal, you can save a considerable sum as equity. Both have a household equity of 4,300 euros - calculated over 11 years with corresponding salary increases, these 11 years make quite a difference. Assuming 2-3% salary increase p.a., the household equity would already be at 5,600 euros (2.5%). And that will still be conservative, especially in the late 20s / early to mid-30s you can get a bit more out of a job change.

Now ask yourself what is better in the current situation. Building directly without equity and a somewhat lower salary with the unconditional will to pay the rate and build your life around the rate or waiting 11 years, saving, building equity and then having a higher salary.

We ourselves have asked this question over and over again in parallel with the search for a plot of land - and ultimately came to the conclusion that we want to build immediately. Because we don’t want to spend those 11 years with a small child, etc. in the floor rental apartment, hoping for a garden in 11 years - but rather use those 11 years and give it to the child and ourselves. Who knows what will happen in 11 years? Live in the here and now! It will become clear what was better when I’m 40 in 10 years - maybe the forum will even still exist then ;)

The only important thing (after I’ve given the OP some food for thought) is that you, dear OP, are really not naive. We agreed on prices from the end of last year and some surprises are currently hitting us as well. If materials that you really! need become more expensive, then you simply have additional costs (I don’t mean the fence, honestly, who cares about landscaping in the year of construction, I find all of that here extremely exaggerated o_O) - all my friends who have built completed the landscaping over years, that’s how my parents did it and my grandparents. Everything else are rich people or those who simply want to show off.

Accordingly, please plan! And we did that too, at least!! 10% buffer on your calculation (that is after you have received offers for each trade or if you build with a general contractor, you have calculated additional costs). You wouldn’t believe everything that comes up that you don’t think of now (believe me).

If you take this into account, go for it - then you are prepared and can sleep well.