Is financing feasible? Single-family house 155 sqm

I have read in your other posts that you are planning a waterproof basement. Maybe you could do without it, as this type of basement is very expensive.
Maybe you could also just pay off the land in about two years first and calmly plan your house during that time.

Best regards
Sabine

Yes, we had actually already considered that, but it is not an option for us. It has to be included, as silly as it sounds.

150-155m² urban villa with double garage and basement. Costs around €400,000.
Currently still in the comparison and planning phase.

I would doubt that...
Unless the incidental construction costs come extra.

I would doubt that...
Unless the incidental construction costs come extra.

100k land
400k house
70k incidental costs (kitchen and outdoor facilities included)

There is nothing to doubt. I even have 4 offers from prefabricated house suppliers that are currently not an option, and they are all between 380k and 420k.
After consulting with 2 other construction companies, the calculation is also based on this budget. So I have no concerns.

100k land 400k house 70k incidental costs (kitchen and outdoor facilities included) There is nothing to doubt. I even have 4 offers from prefabricated house providers that currently do not come into question and they all range between 380k and 420k. After consultation with 2 other construction companies, this budget is also being calculated. So I have no concerns

70k incidental construction costs with basement and kitchen and outdoor facilities will not work. This is not an attack, we are currently building ourselves. We also need the 70k, but we are building without a basement on a completely flat plot. And: The 400k may be the standard package without upgrades, but be sure that it will not stay that way. Depending on which prefabricated house providers these are, quite a bit can be added on top.

I would doubt that... Unless the incidental construction costs come extra.

I think that some land-related difficulties and other incidental construction cost surprises will certainly manage to take a bite out of the above-average salary situation of the construction couple.

Hello,

we built last year with the same construction sum of €560,000. I would advise you not to take on too much financial burden. Of course, it is possible to save a considerable amount over a few months, but a repayment period of about 30 years can be a long dry spell. If you have more money set aside, you can make special repayments, but keep in mind that when you have a new house, you often want to treat yourself to something, e.g. new furniture, pictures, curtains, etc. We didn’t even have to borrow half of your amount and now pay back €1,200 monthly. That is very little compared to our net income, but I couldn’t imagine having to think every month about what I can and want to afford. We live in the here and now. If I have something left over, I gladly use it for a special repayment, but we also want to continue living normally. I also think reserves of €30,000 are too little. I would try to save up a cushion in the next few months. What if you separate and have to pay the other out, or the other person has to furnish an apartment? Maybe a wedding is coming up soon? Unpredictable things always happen. Do you currently still live with your parents? In that case, you also lack an overview of what you have to pay monthly for, e.g. insurance, furnishings, maintenance, etc. I have some friends who moved almost directly from their parents into their own house and complained a lot at first about all the living expenses.