New construction costs - Is the financing in order? Experiences?

I did it and I would reduce to 0 euros again at any time. Unplanned additional costs of the renovation had eaten up all buffers. Better that way than an additional financing. If not for something like this, why else save money?

I think Kati meant rather that you should leave a buffer for financing. Exactly the one you used up for the additional costs. So you also did not go down to 0 through financing.

430sqm is quite tight for a detached house)

but very possible and also sufficient if you don't need a horse meadow :)

but very well possible and also sufficient if you don't need a horse meadow :)

It depends on the floor area ratio. Here we have 0.2, that is never enough. Regardless, sufficient is always subjective;). For me, it would be too tight.

I did it and I would reduce to 0 euros again at any time. Unplanned additional costs of the renovation had eaten up all buffers. Better that than a follow-up financing. If not for something like this, then what else to save money for?

Well, before I do a follow-up financing, I would of course also tap into the reserves. But I wouldn’t calculate it so tightly from the start. Precisely to still have something in reserve for cases like yours. Or we are currently glad that we have still held back equity because additional contributions for the road construction are still due, the exact amount of which was not known before, and which might now be 13k € more expensive than expected.

but very possible and also sufficient, if you don’t need a horse pasture :)

Says the one who is already looking for the next plot again ;) You move into a detached house to have some distance and space. I find 430 sqm quite tight for a detached house; you also have to use the plot efficiently. That can quickly look different with an inconveniently placed driveway, etc. And I also think you need a lot of space even without a horse pasture. Driveway, carport, garden shed, terrace, garbage area, buffer strips, play areas for the children. You can maybe force a strict trimmed hedge to 1m width, somewhat freer are 2m as the minimum, better 3m. For shrubs, you often also have border distances. For some outbuildings too, keyword living room. And so the square meters tick by. In this size range, I would definitely think more carefully about whether I am willing to take the smaller plot just for a few euros. The plot can never be corrected later.

I did it and I would reduce to zero euros again at any time. Unplanned additional costs of the renovation had eaten up all buffers. Better that than refinancing. If not for something like this, what else is money saved for?

For example, if the car breaks down, worst case because you hit someone and don’t have comprehensive insurance...

It is never a good idea to completely deplete your savings because you think "I have a house now and am practically a millionaire"... that’s virtual, but not reality. Your house may be worth 5 million EUR after 2 years... if your account is empty, you still pay 15% overdraft interest on the overdraft or 5% for financing a new car...

PS: The same nonsense with liquidating a lucrative stock portfolio. Here people easily give up 5-8% returns over several years to get 0.2% better interest at the bank... unfortunately most people cannot think long-term and certainly not "in interest". Free yourselves from that and calculate it.

PPS: For all others who still have loans at 0.x%. It already makes sense now to put your money in daily allowance accounts instead of making special repayments. Currently daily allowance is already available at 1.5%. Simple math...