Planning our home financing

thanks! I will calculate it again when I know the exact interest rates. But the costs might be limited with only one year of interim financing.

What would you say about the overall project in total? Should we rather postpone the start of construction by a few months to save more money or is the basis already sufficient?

It depends. You have heard of 2 practical cases. One repaid, the other held back money. It also depends on the bank and how they finance the overall situation and handle disbursements during construction. Not every bank is suitable for new construction. I also warn against putting all your equity in...

As described, this money can only be missing if I do not consider it in my cost calculation, but not if I invest existing equity in the land purchase at the beginning. In this respect, it is a different problem than one would expect here, or than what was addressed and asked.

It’s not that you can withhold equity, no problem, but you don’t have to because you have invested it upfront in the land purchase, gained advantages, and therefore it is missing at the back end.

To be fair, I have to agree with the junior here.
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The optimal constellation if the land is to be financed separately, from my point of view and at least how it was with us, would be

1. Finance the land variably with as much equity as necessary so that when it comes to house financing/house construction, the land is paid off. This does not necessarily have to be the case, but it makes things easier. Ideally, the surveying and land charge registration have not yet been completed (see 3.)
2. You only achieve the repayment if you finance variably and maximize the special repayment with the savings rate.
3. In the optimal case, the bank financing the land only has the pledged conveyance note at hand, so that when you have repaid the loan, only the conveyance for €68 needs to be cancelled, nothing more. Then no land charge has to be deleted or assigned.

With this procedure, we effectively paid only €298 interest on a borrowed €55k, €68 for cancelling the conveyance note, and the costs for the new land charge registration of the house financing.

Well, the land costs €100k. You have €25k equity. That makes a delta of €75k.
That is €20k more than we had. It depends on when you want to start building. If it is to start in 2.5 years, it would be quite doable, and if the building fever grips you, then the land charge just has to be assigned and that’s it.

And the idea that you cannot put money aside during house construction does not apply to everyone. It depends on whether rent still has to be paid during the construction phase, or whether the income is high enough to save money during this time. We have now saved the buffer for the house. Starting next month, we will save for the kitchen. Also, who cared if 60-watt bulbs are still hanging from the ceiling after 2 months. It's a new building after all.

Regarding the outdoor facilities, I see it like many here do, the money must be planned into the financing. The sums are too high to save them on the side.

[QUOTE="HilfeHilfe, post: 265594, member: 17717"]It depends. You have heard 2 practical cases. One repaid, the other withheld money. It also depends on the bank and how they finance the overall situation and handle disbursements during construction. Not every bank is suitable for new builds. I also warn against putting all equity in...[QUOTE]

First the most sensible concept, then the bank or do you first look for the bank and then the concept?

There are banks that finance the purchase of the land cheaply with the entire equity. It doesn’t have to be done that way, but the basis for considerations must be right if you want to handle it differently.

She has read one practical case, the one from Zaba12, who indeed financed it exactly like that, by the way with the support of many users and opinions.

The other was a "I would do it that way" and one more, everyone should do it how they want, but the decision for what must be based on a foundation that shows everything, especially professionally corresponds to reality and the possibilities available, and not based on false statements, speculations and assumptions.

by the way with the support of many users and [Meinungen].

I accept the attribute „[Meinungen]“. Only one person supported me and that was not a forum member. The concept also came from me. So please don’t exaggerate and don’t take credit for others’ work.

Even criticism, if made objectively, can be a form of support!

2 threads have certainly offered you various kinds of support, and your concept was great and correct, as my father told me, and despite the existing concept, at least my father's confirmation was also a kind of help.

To be specific. I want to encourage you to at least continue advancing the project in the planning stages. From my point of view, the following aspects speak in favor:

1) You engage with the project early enough and inquire about the medium Internet in forums

2) You have already saved a little with 25,000 euros, this amount increases because you have a plan and are now ready to save additional capital, which shows a certain willingness to sacrifice

3) With a joint income of currently 4,700 euros, the ability to service debt is absolutely given

4) You are a civil servant and aware of what you will earn when you go on parental leave.

5) The home savings balance can increase the equity ratio, even if externally financed, on a blank basis.

6) If the intended purchase of the car is paid from equity in cash, at least 7,000 euros from a blank loan after splitting the home savings contract can be externally financed, so that equity effectively decreases by only 3,000 euros.

7) You do not want to rush this, you are prepared to start construction later, which I basically consider a healthy (although not the only) attitude

8) A company car is available in addition to the good income, your salary apparently increases, and expenses are available as a reserve.

All in all, a healthy starting position, which shows that your desire for a new build is at least not a pipe dream from the creditworthiness perspective.

What remains to be questioned is what was not asked here, how you calculate the construction costs. But since you are already here on this forum, I naturally trust you to come up with the idea of seeking advice, support, and help regarding this in other threads as well.

There certainly remain many questions, and the path to your dream house is still a long one, but the beginning has been made. I wish you the courage to continue pursuing this project and the good judgment to work with specialists and professionals to ultimately realize the project as many countless people and consumers before you have successfully done and remained happy with this decision, perhaps even happier.