New construction - now, in 3 years, or never?

Neighboring house with basement, was built stone by stone by neighbor and his relative with their own hands, no shell construction company involved. Building without a basement is certainly cheaper for us. We will ask for the floor plan of the neighboring house. Thanks again for the honest answer.

Thank you very much for the answers. They made my question clearer. Immediate resale is currently not the best solution. Better to wait.

Get the information I mentioned earlier. Then one can give more precise advice. If you build, then best without a basement, possibly with a technical room in the attic, with an architect and stone by stone. But if it turns out financially to be a suicide mission and returning is more advisable, then I see no indication to wait for that. The cheaper the return conditions are, the more attractive a simpler plot becomes.

If you still have too much debt at the age of 60, I would honestly leave it. Then you have an adult child, a house that is not paid off, and renovations ahead.

Better smaller and finer. Condominium or continue renting after all

Very realistic suggestion. If we had asked for advice here before buying the land, we would have made a rational decision. Thank you very much!

Ah, now I get it: 190 thousand was the equity and not 19 thousand. Regarding the losses, they definitely include:

[*]Real estate transfer tax (depending on the federal state) [*]Notary costs (purchase price × 1.5–2 %) [*]Interest/early repayment penalty (remaining debt × agreed interest rate × remaining term) divided by 12) [*]Return fees (if agreed)

Additionally, the variable loss:

[*]Market value loss [*]Possible planning costs. Broker fees should not occur if selling through the municipality

In general, there are also opportunity costs involved, i.e., missed profits because the tied-up capital (e.g., real estate transfer tax, loan interest) could have been invested elsewhere. There may also be tax consequences, for example speculation tax, and the losses incurred (e.g., early repayment penalty, market value loss) usually cannot be claimed for tax purposes if it concerns a private property.

Thank you very much for the information. I need to read through the purchase contract and loan agreement and calculate.

Development plan requires profile identical to neighboring house.

Are there any specifications in the development plan? Profile identity can go as far as being a twin. There are plenty of rulings on this – for example, floor-to-ceiling windows are excluded if the neighbor does not have them.
The goal is that the semi-detached house looks like a single ensemble. According to rulings, this can extend to (more or less) identical size with all the framework data of the neighbor.
Quote from a ruling in Bavaria: "Then the height and width of the buildings, the eaves or gable placement, ridge, base and eaves heights, color and segmentation of the façades, the knee walls, roofs, roof contours and roof structures, and mass distribution may only differ slightly. Otherwise, the neighbor could potentially have a right of objection. This would certainly be the case for floor-level windows versus normal windows."

So not only consider WHETHER I can build, but even if I want to build IDENTICAL to the neighbor at all.