Land purchase and house construction too risky in the current situation?

Since you can live very cheaply and comfortably, there is no pressure on you. Why do you want to tie such a dead weight to your leg?

We are sliding into the biggest economic crisis of the post-war period. There will probably be upheavals currently unimaginable.
One should remain flexible in such times. I am not in favor of rash actions.

My experience shows that new opportunities keep arising. It is no coincidence that some prospective builders are giving up their plots again.
You don’t have to buy and build when it’s most expensive.

And precisely because you have a lot of equity, you should wait. There will soon be many bargains regarding plots and houses.

If the costs around the house continue to rise like this, perhaps a burden equalization or enormous property tax is introduced, energy prices
continue to explode, then you might have a nice house but live on 7000 euros income at Hartz IV level.

On top of that, your equity would be gone. Right now, everything seems too uncertain to me.

Since you can live very cheaply and comfortably, there is no pressure on you. Why do you want to tie such a burden to your leg?

We are sliding into the biggest economic crisis since the post-war period. Currently, there will probably be unthinkable upheavals. One should remain flexible. I am not in favor of hasty actions.

My experience shows that new opportunities keep arising. It's not for nothing that some prospective builders are giving up their plots again. You don't have to buy and build when it's the most expensive.

And especially because you have a lot of equity, you should wait. There will soon be many bargains when it comes to plots and houses.

If the costs around the house continue to rise like this, perhaps a burden equalization or enormous property tax is introduced, and energy prices keep exploding, then you might have a fancy house but live on 7,000 euros income at Hartz IV level.

In addition, your equity is gone. At the moment, everything is just too uncertain for me.

What the heck are you talking about?

What the heck are you talking about?

that's our forum troll who always comes out of the woodwork with a new name whenever he gets banned again :D

What the heck are you talking about?

that's our forum troll who always comes out of the corner with a new name whenever he gets banned again :D

Do you actually consider the statement "If the costs around the house continue to rise like this, maybe a compensation levy or enormous property tax will be introduced, energy prices continue to explode, ..." to be so completely absurd? Currently, it can be observed that the construction of single-family houses is politically and climatically the most unwelcome form of housing. I do not consider it impossible that legislation could change some things for single-family homeowners for the worse. Let's see how the property tax reform will develop. Allegedly, there are supposed to be "winners" as well, I'm curious.

Hello everyone,

thank you very much for the numerous, detailed answers!

We will definitely take away that we need to revise our cost estimate and reconsider the basement, which had actually been a must so far – we hope that after our appointment with the construction company on Tuesday we will have more clarity. Overall, we do dare a lot of DIY work, both my boyfriend and our fathers are skilled craftsmen and the fathers are likely to retire during the probable construction period and have offered help; moreover, we have a medical and electrical company in the family. But of course, we also have material costs etc. with DIY work.

We actually thought that with our salary and equity we were well positioned, especially since the income difference during parental leave is huge for us because we currently both earn very similarly. Up to that point, salary increases are hopefully still possible, but living costs will also rise similarly, especially with children.

An alternative would still be to rent cheaply and build up equity. If the study moves to the basement, we could currently fit a nursery (and we are aware that this is already quite a luxury situation ;) ). Then we would only tackle the topic of building or buying and renovating a house once the children planning and parental leave are completed. Whether a suitable opportunity arises again, of course, no one can predict.

We are happy to give an update after our appointment on Tuesday and many thanks to everyone for your opinions and suggestions :)

handy with crafts

That guarantees a more relaxed floor installation…

the fathers retire during the probable construction period and have offered help

… but you don’t build a basement with senior_external_help.
Help is allowed to be accepted, but it shouldn’t be overused. My husband himself is just over 60, very fit, but I wouldn’t send him to any house construction, if you know what I mean. You should rather be able to offer your husband support. If you know what I mean ;)

we also have a medical supply and electrical company in the family.

That’s good. But they also have to pay their craftsmen and issue invoices.
Such things should still be realistically calculated so that instead of a €0 position you don’t suddenly have to reckon with a €10,000 position.

income difference during parental leave is huge for us because we currently earn very similarly.

I see that too, that’s why #4