New construction - What is included in our financial budget?

Why all the pressure, really? Just a few months ago you moved into the new apartment and got it ready, never thought about building, and now it has to go from zero to a hundred because of the supposed bargain piece of land.

Apart from that, with all the back and forth, there's no new build for four people including land for an 800-1000€ installment. Not even in the cheapest versions in the cheapest location. The equity is zero after acquisition incidental costs.

Can't you buy the land and then think about it in peace?

New construction, no equity, full repayment in only 23 years but a desired rate of under €1000, preferably "800-900€". Does not fit together, many compromises and trade-offs have to be made. I think that should be clear here, and it has nothing to do with "moralists" and "envy". Despite all warnings, you can see very well from Noelmaxim's sales pitch that there is always an intermediary and a bank willing to support such projects.

Tassimat, very little of what you mention is set in stone. Your summary of the situation cannot lead to a factual and purposeful discussion because it consists of assumptions, false statements, and speculations! I have not sold anything yet, I have so far requested – still insufficient and not finally answered – information, presented a first summary, and expressed understanding for the considerations regarding the project. Of course, banks finance such a project with the values you mentioned (taken over), as long as further information is known and the construction costs are verified and comprehensible, and I would not know at all why they fundamentally should not do so. Warnings, a terrible word, really terrible, but typical and above all unfounded and just handed out so quickly!

No, he has €8,000 equity and not €20,000. Equity means that it is OWN money. We bankers call the €12,000 loan. Whether it is then subordinated loan, mezzanine loan or whatever it is called. The customer has to pay the money back and it burdens his liquidity. So please don’t cook the books, the OP gets nothing from that.

We bankers? Sorry, but I am one too The €12,000 is externally financed equity, available capital for the project, which complements the financing plan, which I as a bank do not have to include in the commitment and can base on the creditworthiness, if it fits. That should be the case here, especially since I personally have not named any sum regarding the total costs yet , but if we stay at €900 interest and repayment burden, it is confirmed.

That should be the case here, especially since I personally have not named any amount regarding the total costs at all, so if we remain at 900 euros interest and repayment burden, it is confirmed.

Finally, you come to the point relevant here.
Go ahead and do that.

And then note whether the questionnaire regarding creditworthiness really contains the most urgent questions in this project.
I mean no.

The project is beyond the reach of (reasonably healthy) creative solutions. The financeable volume is in the range of an apartment, but a detached single-family house including land is desired.

And then notice whether the questionnaire regarding creditworthiness really includes the most urgent questions in this project. I think not.

Oh, so you’d rather not ask anything at all and just speculate?

I don’t quite understand that now, those were the first questions of many more that still need to be asked.

How much does a house cost then? Always the same? In which region is it being built? Are football and/or fire brigade comrades involved regarding EL or have 3-4 houses already been built independently in the family?

Not that this necessarily has to be decisive here, but I absolutely can’t generally assess whether a house can be built with a sum x, or what I need for it with my possibilities??

Do we want to help, advise, and discuss here based on general statistics, or individually focused on the OP and their project?

Us bankers? Sorry, but I am one too The 12,000 euros are externally financed equity, available capital for the project, which complements the financing plan

So quickly equity suddenly becomes externally financed equity. It is and remains a loan, no matter if easyCredit, building savings contract, Targobank or wherever else.
Whoever takes the financing on their books. I don’t care as a home financier, as long as the bonuses allow it.
Unfortunately, it only ensures that the OP maybe only has 800€ left for the "real" construction financing, because the remaining 200€ goes into another short-term financing. And with 800€ no longer 200k€ can be financed, so the project is also obsolete.

The OP’s question was: What can we afford.
Answer: 1,500€ installment for a smaller house with the desired term (thus around 300k€ loan)
Premises: The OP can manage with the remaining income. Only he can honestly answer that. I find it tight with two kids, but land makes it doable.