Own home, first thoughts on land, construction method, budget

Then maybe what you don’t want to hear: wait and save. You could already buy the [Grundstück] now (if there’s no deadline on it) and pay it off as far as possible. Depending on the situation, you can then start building the house in 3-5 years when the block is gone and you have a better overview of the stable monthly income.

It actually wasn't about the financial situation. We know far too little about the TE. We neither know how much equity there is nor how much is actually being saved each month. The TE herself says she is a scaredy-cat when it comes to financing. With €1000 per month, there is something to start with.

That the self-imposed budget will probably not work out, she already knows. So there would be two options: Either increase the budget with all the financial consequences that come with it, possibly also a higher rate – then one has to weigh whether one feels up to it (also with regard to family planning) or actually save more and let the children come first.

We have already obtained an offer from a local construction company, which is around ~188,000€, but to be honest, it’s nothing special. Basic architectural changes of course cost an extreme amount.

EUR 188 - what size/features, etc.?

Wishes: at least 140m², two children's rooms, completely open design on the ground floor, a dormer would be nice, not run-of-the-mill,

For Osnabrück, you should expect construction costs of about EUR 195k for a single-family house of about 140 sqm, built according to KfW 70. Brickwork costs about EUR 13-18k extra; depending on whether it is to be built as a one- or two-story. Added to that are the costs of the land, ancillary construction costs of around EUR 35-40k, approximately EUR 30k for painting, flooring, and outdoor facilities (just the essentials), as well as a reserve for extras of about EUR 10k. Your desired budget is already exceeded “without” land with the figures above.

no opaque price offers with hidden traps.

There are specialists to check the contract design; ranging from lawyers, experts to consumer advice centers or the association of private builders.

My predecessors have already provided good information on the rest ;)

Rhineland greetings

Hello everyone :)

I sincerely thank you all for your input. Regarding finances, that is indeed rather secondary and should be less the subject of discussion, even though it is of course an important point. Because logically, we would love to be able to estimate exactly what is coming our way.

Bauherren2014, equity is practically zero, it is only about 10,000€, so there is probably no prize to be won there, of that we are fully aware. And also the various construction financing partners we have spoken with all consider a monthly rate of 1,300€ definitely feasible. Status NOW. That does not change the fact that I am, as you so nicely put it, a scaredy-cat ;) Surely the income of my boyfriend and mine will increase exponentially, and accordingly that should definitely be manageable. But it also needs to be weighed: invest more and get a bigger house/plot or make compromises and spend less. Ultimately, one must also simply consider that a large plot and a big house need to be maintained and kept in good condition.

Construction expert, for 188,000€ we would get 133m², triple-glazed windows, an air/water heat pump, a walk-in shower, double washbasin, closed stairs and a suspended ceiling from the upper floor to the attic so that the attic can still be partially used as a room.
This offer may possibly become irrelevant to us, because as chance would have it, yesterday we received mail from the city [I.], that the application process for a new residential development is starting. We will definitely try our luck. The m² should cost 92€ including all development costs and solar bonus. The favorite plot is therefore priced at about 58,000€. The only drawback: single-story construction is mandatory, roof pitch minimum 15°, maximum 50°, the knee wall may be a maximum of 1.50m in height. Now, I am quite a layperson, but if the knee wall may be 1.50m high, then the house will at least "appear" afterwards as if it were two full stories, right, or am I completely off the mark? Because a bungalow is definitely out of the question for us.

The idea of having our dream house freely designed by an architect appeals to us more and more. Nevertheless, we would have to basically award all contracts through tenders, since talent on our part is, as mentioned, unfortunately scarce.

And in the very worst case, the scenario proposed on the previous page will come into effect: wait and save ;)

Remember that with these new housing developments, a fixed time is often specified within which construction must begin. So it's better to first calculate whether the budget is sufficient.

There is an obligation to develop the property within three years.