Maximum land costs compulsory auction

Predictions about the real estate market are difficult. Many people live in location X because they have to go to the office every day and working from home was not possible. It was no different for me; a year ago, I wouldn’t have thought of living so far away. But sometimes small viruses can cause big changes and entire companies can move to home office from Monday 8 a.m. to Monday 12 p.m. for 3 months. This naturally makes living further away but nice much more attractive. In big cities, rents can therefore decrease, BUT if you look at the usual commuting area for Munich, for example, it already goes almost up to Garmisch. Not much changes there; occasionally you still have to go to the office. Similar here, everything close to the highway/expanded road or the railway line is quite expensive, even in the middle of nowhere. We are now a bit in the middle of nowhere, but I don’t like taking the train anyway ;)

There is also another question, namely that of monetary policy. Will a lot of money be taken off the market in a few years by raising interest rates? Then prices for existing properties will decline because at 4-5% interest rates people can finance much less house than today. Alternatively, it could also be that the goal is pursued to reduce the dozens of trillions of new government debts through a moderate inflation of say 4%. Then it’s better to go into debt now. But no one knows today what will happen.

The only thing that is relatively certain is that building will not get cheaper in the next few years. The next stage of the energy saving ordinance will come in a few years and then today’s KfW-55 standard will be mandatory. Of course, there will no longer be any subsidies for that. Surely other great things will be thought up that look totally great for the environment on paper. For example, greening all carports. Or paving only with water-permeable stones. Think of something.

The only thing that is relatively certain is that building will not get cheaper in the next few years. The next energy saving ordinance stage will come in a few years and then today's KfW-55 standard will be mandatory. Of course, there will be no more subsidies for it then. They will certainly come up with other great things that look totally great on paper for the environment. Green roofs on all carports, for example. Or paving only with water-permeable stones. Think of something else

I am currently eyeing a building area where exactly the measures you described are supposed to be stipulated: green roofs for all carports, garages, sheds, and other outbuildings, water-permeable pedestrian and driveways as well as parking spaces, and a ban on rock gardens. I like it :)

.... All carports should be greened, for example. Or only pave with water-permeable stones. Come up with something

That's how it is with us. o_O And this is a new development area that was developed 20 years ago. Very great. Try to find a provider who will install a double carport WITH green roofing (including installation). That is somewhat more complex, especially since you have to be meticulous about the permissible load capacity (plus it will be pretty expensive :confused:).

We still have the option to cover the carport alternatively like the house... So, for example, red tiles, it just needs a proper roof instead of a flat roof for that... The best thing is that in the first construction phase easily half did not stick to that and apparently no one cares

My personal favorite nonsense so far is the retention cistern. I actually think it's good to have a cistern and would have planned for one, but instead of a 5 cubic cistern I now have a 5 cubic one from which I let 3.5 flow out to the drain, or I make the thing bigger...

Why accumulate equity at all instead of financing 110%?

I can understand that thought. The risk then increases for you and the bank. For you, this will mean a higher interest rate. Nothing is allowed to go wrong here.

The drop in interest rates is greatest when you only need 100% financing instead of 110%, and second greatest when you get down to 95%. In this respect, it can definitely be worthwhile to at least save the incidental purchase costs (in my case, for example, already 30,000€) and beyond that possibly another 5-10%. This has already been mentioned here. In the end, you might not need less credit, but you pay significantly less interest.