Procedure for constructing a new single-family house on an existing plot

Hello everyone,

I know that no one here has a crystal ball, but I would still like to know your assessments:

We have just bought a plot of land in Hesse, currently live cheaply, and have no time pressure (although sooner is always better) to build, except for the 5-year building obligation, which could be extended by 1-2 years by the municipality with justification. We have slowly started planning and would like to possibly already have the finished planning, including building permit for our single-family house new build, in the drawer, so that we can react relatively quickly.
My assessment is that construction prices and interest rates will change little in 2023, even if they could stabilize at a high level. Of course, no one knows what 2024 or 2025 will look like.
But what is your feeling:
1. hurry with the planning and possibly use a small "interest gap" for financing in 2023 and start with the belief that neither interest rates nor prices will fall significantly in the medium term and waiting is just lost time.
2. plan completely calmly, continue to build equity, and assume that the conditions for a new build will improve, let's say, by the end of 2024 or possibly also 2025

If it really gets more concrete soon, I am happy to provide more information for the planning and your feedback.
I am happy to receive questions and assessments :)

Best regards

What kind of need do you have for a house? All predictions are crystal ball and unpleasant surprises are not excluded, accordingly I would base myself on what you need and when.

The conditions for the new construction will not decrease. Certainly clear in individual segments (insulation, for example), but labor costs will subsequently rise significantly with certainty (see currently IGM agreement and various agreements in the construction sector). I would not bet on that. The interest rate could ease as soon as inflation slows down. How far it will go down, as said, crystal ball. That is definitely the bigger lever.

Hello,

roughly the requirements:
A single-family house in the countryside for parents and child (currently a baby) as well as one or two more children after the completion of the project. The 100% solution would of course be a house with a basement and garage, although we know that in the current situation at least one of these will probably be dropped. The plot of land is, as mentioned, already available.
In addition to the necessary living and technical rooms, a home office and a small hobby room are needed. Otherwise, I would set the "standard." Further questions such as children's bathroom yes/no; additional utility room yes/no, SK yes/no, guest bathroom with shower etc. I cannot answer with certainty at this point in time.

Best regards

By "need" I meant less the specific room program and more whether you need something soon or not. With children, I would approach it rather quickly; the additional space and private garden are also a value in themselves.

Oh, sorry! Misunderstood. Of course, as written, having more space and a garden to use earlier is naturally nicer. Currently, we are just managing with one small child, but we are spatially at our limit. That means we can definitely cope like this for another 1-2 years, but realistically, in about 3 years, we will need something bigger. Accommodating a second child is no longer appropriate. Therefore the two options are to start soon or to just manage like this and start by 2024 at the latest.

Best regards