Land financing / build in 1 year. Financing model?

If I start from the 330 (which have basically been offered to you) and then 65 for the plot and another 40 barely enough for additional purchase costs (calculated including outdoor facilities, preferably with 60), then 205-225 remain for the house. Without carport or garage. That makes 1500 euros/sqm. With all due respect... that will be a very tight matter.

How do you arrive at 40,000€ additional purchase costs? The real estate transfer tax applies only to the plot.

What has just been overlooked here but is not unimportant.

You live rent-free and with a salary of 4100€ only have a savings rate of 1500€.

That means to me now, you have 1500€ to pay off the loan and still have to pay additional costs from that. That sounds like it is tight, with about 450€ additional costs.

If that is really the case, then I would think the plan over again carefully.

Even the 1500€ per m2 bungalow is not realistic today. Sorry

Rent-free does not mean free of additional costs. We contribute €300 monthly towards additional costs and also pay €100 monthly for a storage room where a large part of our furniture is stored. That almost reaches your €450 additional costs.

In the financing calculation, we were offered a possible total amount of €330,000 with a payment of €1,180. That would still be comfortable to pay. We would prefer €300,000 for ~€1,000.

What would be a realistic price per m2 for a bungalow given today's construction costs?

Sorry, the terms got mixed up there. The 20 go towards purchase incidental costs and extras. No matter what the taxes apply to. The 20 will go towards whatever it is.

And then replace Kaufnebenkosten above with Baunebenkosten. These will amount to 40-60.

Calculate with 2000 euros/sqm and you will probably be about right. This is not luxury, but a reasonable average.

I am glad that the issue was finally addressed here by Tox.

BU says the house costs 220,000. However, his offer will be an absolute standard offer. If you even have to upgrade the underfloor heating or the controlled residential ventilation with him, you can see 280,000€ including floor coverings, etc. Then add the land and the incidental building costs... which are not considered anywhere.
-> 400,000 including outdoor facilities...

Regards, Yvonne

The fixed interest rate period was 10 years. I was not supposed to use equity for the land purchase (except incidental purchase costs).

The fish is not supposed to get off the hook anymore. The banks want you to have no other options.

Do a variable interest financing where the interest rate period ends every 3 months and I remain flexible until construction (2% offer)

It’s really not much work. Normally it is extended every 3 months.

Won’t I incur costs again in the form of land register changes? Or is it not a classic “debt restructuring” because the interest rate period ends after 1 year and I “repay” the amount for bank X in this way?

Yes, but that’s nothing compared to the maximum flexibility you have. In the end, you save a lot because you are not dependent on one banking partner.