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

The argument "it was like this in the past" comes up often. Sure, in the past people had 8%. But back then, savings bonds also brought 10, 15%, if you had invested them for 10 years.

Today we have 4% mortgage interest rates, but overnight money yields only 1.5%, and my savings account still 0.01%.

And we have an all-time high when it comes to real estate prices. And we have about 20% inflation in food.

I am in IG Metall, we get 8% for 2 years and a one-time bonus of 3,000 Kracher. And even that probably won't offset the current inflation for many, not to mention a real wage increase.

In the 90s, the Cold War had just ended, people looked hopefully into the future. Currently, the Cold War is beginning anew. And we have massive upheavals ahead in the industry...

The situation is not comparable to the 90s, so let's just leave comparisons out?

In the current situation, repaying at 1% is, in my opinion, sheer madness.

Ok, thank you for your assessments. We have already had two appointments at the bank, and there are two more appointments with architects scheduled for this and next week. Basically, it sounds good and feasible for now. Regarding the rate, we recalculated a lot, determined expenses, and set a framework for ourselves. The interest rates seem to remain quite volatile; we hope to catch a small “dip” in the next few months. Even though we gather a lot of information and try to use the time for planning, overall progress is very slow. With the third architect, at least there is the impression that he has the capacity and time, otherwise one waits a lot for appointments and feedback. I will gladly keep you informed when the first drafts are available and something becomes visible, and we become clearer whether the architect’s cost estimate is compatible with the bank’s figures. Best regards

Hello everyone,

attached you will find a sketch of the contour lines of the property. That means I set the zero point in the back left corner (as seen from the street). The property rises about 4m along the diagonal. If I now place a house with a length of 12m on it, there is a height difference of about 1-1.5m over the length (sloping backward from the street) of the house, depending on where the house is located. Two architects already said in the initial meetings that it makes sense to build the house with a basement here.
Of course, that sounds logical at first, as you could walk out to the garden level directly from the basement, but the ground floor is somewhat high for a nice garden access.
What is your opinion regarding earthworks and costs, can we actually get a basement here "somewhat cheaper," since earthworks would be necessary for a house without a basement as well?

best regards

You can find the sketch here in the attachment

Is the sketch oriented to the north? That would be important for house positioning. And what is around the property? Unfortunately, there is also no comprehensive sketch in post 1 where you could quickly check that. And I am not going to read the whole thread again.

Ok, sorry for the missing information. Attached is the sketch expanded with the requested information.