Maximum and reasonable credit amount

Why did you take out a loan and not pay from equity? If you can't afford it, you should leave it.

Seriously, after 12 years we are also done because we didn't build excessively large, caught a good time, and there have been good salary increases in recent years. But that was by no means foreseeable at the time.

But you can't expect to be done in 12 years with current construction prices and the current interest rate level and at the present time.

Still, I see advice that one could spend up to 50% of net income on the mortgage payment as extremely critical. That might be an emergency situation, but it is not a condition that is sustainable over several years.

Thank you for the post. Actually, as already discussed, we tend to move in a similar direction. Buy a plot now, if we find one (very short or possibly completely variable) and then build on it if the circumstances are good for us. It is indeed about the outskirts of Mainz.

Then we are probably talking about calibers like Bodenheim, Nackenheim, Wackernheim, with reservations also Nieder-Olm / Ober-Olm and Ingelheim. That then all tends more towards €1,000/sqm on the open market rather than around €500/sqm. You already pay €400-500/sqm in the new development area in Bad Kreuznach. As has already been written here, you can basically forget BRW, no one will sell you a plot there (except maybe within the family). From my point of view, the project is still one size too big for you at present. I would at least wait until the property has been successfully sold and the family situation (children planning, working hours, etc.) is clarified.

Very close with the location. Let’s see if we can possibly find a plot relatively cheaply. I just don’t see any point in buying something for 600k and then needing another 400k for renovation given the prices for often unfavorably cut existing properties for us. You end up at similar prices building new.