Is financing feasible? Finished house for the money?

Set the incidental construction costs easily 30k higher.

Sorry, but how do you come to such a narrow-minded conclusion?

To the actual post:

1. For 200k, it will probably only be a very small and simple house. A budget house on such expensive land doesn't make much sense to me.
2. Maybe you lived a bit beyond your means at the wedding? That doesn't fit with your plan. If you have 100k equity and then spend 20k on a wedding... okay, that would be something different. Do your standards for things like the wedding match your standards for the budget house?
3. Your equity is too low; it will be a 100%+ financing, and your income is not particularly high either. On top of that comes the desire to have children.

My assessment: The project is currently too big for you. You will be happier in the rented apartment, especially with a child. Save for a few more years, wait until the child goes to daycare.

First of all, many thanks for your messages and tips.

: Since we originally planned to build in about 5 years and did not expect that the second new development area in our small town would be developed only 2 years after the first, we initially put the topic aside and invested our money in the wedding. In another 5 years, we will have saved enough again to have some equity, and it was simply important to us that the wedding would be the way we imagined it.

We have now looked at Town & Country and set our sights on the Flair 113. That costs about €152,000 turnkey. If you add about €30,000 for KfW55 (which we need for the subsidy), then about another €10,000 for knee wall extension, floor plan changes, and maybe another €20,000 for the selection, then we would be just under €215,000... of course, it could also be that I am way off somehow and have forgotten important items... then I’m happy to be corrected – that’s what we’re here for

The idea of starting to build in 2 years is really good. I will discuss that again with my husband tonight. In two years, we can definitely save at least €20,000 - €30,000 (besides the installments for the land)...

Our requirements for the house are actually not high. We just want something small of our own with enough space for children. The region is our top priority because I don’t want a house somewhere away from friends and family where I don’t feel comfortable in the end. That is also the reason why we have now completely changed our planning and decided to maybe build earlier after all. The area is a dream, we could supervise the construction very well because we live opposite, and we live very centrally (Bergstraße, Hessen).

Hello,

here with us in South Hesse, building is very expensive! We have had several quotes given, and the offers were never below 1800 euros per square meter of living space. You also want to build a very small house, so the price per square meter is even a bit higher, and on top of that KFW 55. To the 1800 euros per square meter, the painting or wallpapering work, the floor coverings, and all costs of the [Bemusterung] come, which usually is not little depending on the construction service description.

Best regards
Sabine

Sorry, but how do you come to such a narrow-minded conclusion?
Be more specific about what you mean. Too little? Too much?

Regarding the actual post:

1. For 200k, it will probably only be a very small and simple house. A budget house on such expensive land doesn’t make much sense to me.
Apparently, the land in the area is just that expensive. That doesn’t mean I have to put an expensive place on it if a budget place is enough for me.

2. Maybe you lived a bit beyond your means at the wedding? That doesn’t fit with your plan. If you have 100k equity and then spend 20k on a wedding… okay, that would be different. Do your standards for things like the wedding align with your standards for the budget house?
Why? Depending on the number of guests, those amounts add up quickly. We’re at 10k for ours as well. (Clothes, DJ, officiant, cake, photographer not included). You only marry once (hopefully), and I find it completely legitimate to celebrate accordingly. I think that has only limited connection to a lifestyle, except that the timing is unfortunate.

...

Would you receive financial support from your relatives?

If you are unsure whether the house is feasible, then go to an architect or a construction company and have them tailor a house for you. That way you’ll quickly get an overview of what your house could cost.

Edit: We are building with Heinz von Heiden. It’s comparable in price range to C&C. Be aware that you really only get the minimum standard. Absolutely every extra costs extra. If that’s enough for you, fine. It’s enough for us. We’ll see what I say after the house has stood for a few years.

No, unfortunately we would not receive financial support because our parents still have loans to pay off. Of course, we would inherit at some point and could then contribute some special repayments. But hopefully that is still a long way off...

On Saturday we’ll be at the prefabricated house center. We have been there several times before but always without land and the consultants only knew southern Hesse, so they were not very interested in us because they knew it is really difficult to find land here...

On Monday we have another consultation appointment with Town & Country. Let’s see what kind of offer we get...

may I ask which companies you got offers from?

Take the development plan with you so that you know what you are allowed to build there. If it already exists