Is it better to buy property or not?

Hello,

my fiancée and I want to fulfill the dream of owning a home this year. We currently have €60,000 available, which would be just enough for the planned plot of land. Is it advisable to use the €60,000 to buy the land and then go to the bank? Or does it make more sense to go to the bank and say we have €60,000 and would like to build?

Six of one, half a dozen of the other... The €60,000 remains equity, whether as land or cash.

So the bank doesn't care and also doesn't make any difference in the financing?

From when do you want to start building? Is there an obligation to build or could you also wait 10 years? I would still go to the bank and make a non-binding inquiry about how much credit you can get.

So the bank doesn't care and doesn't make a difference in the financing?

Correct - you should still visit the bank/intermediary in advance to properly assess your total financing scope ;)

We want to start building by the end of this year, at the latest at the beginning of next year. Both work in the architectural office, so the process should proceed faster than usual. Building obligation for the property is 5 years.

e. Financing is not a problem according to [Sparkasse] :-D Just wanted to have an independent opinion.