Realistic monthly rate

?..
Hardly anyone builds for a MIO in Thuringia because hardly anyone can afford it. If you look around, you basically only see Massahaus and Town & Country construction sites. And that in one of the most expensive areas in Thuringia...

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Who wants to know how expensive the builder builds in the neighboring region?
I can build very differently on my leasehold plot than someone who has to take out 200,000 for the land.
And if you look at the not unlikely breakdown by Steffen, there is absolutely nothing unbelievable about it.
However, if you bring home an annual salary of 60-100,000 net, you don’t buy land for 340 thousand. In that respect, I agree with all doubters.
That brings us back to the original topic: the plot fits, but not the house!

Very interesting thread so far, although somewhat off-topic at times, but still informative. As mentioned, there is probably the option to acquire the property through a leasehold at a low interest rate. Together with a significant reduction in floor space and features, one should be able to manage a maximum financing of 300k. Then the whole thing looks better with a max of 1200 per month including lease, I think. Regarding job etc.: For reasons I don’t want to go into here, both my wife and I spent a few years in low-paid jobs with high job security. 3.5 years ago, I entered another IT field practically as a junior, with much better prospects for the future. I am aware that things can go wrong sometimes, but I guess every home builder has to take this risk to some extent. My wife will start working part-time from March; if money gets tight, there is still the option for full-time. So, there are still a few levers to adjust, nevertheless the whole thing is now being approached more realistically. Tomorrow there is an appointment with the architect, where the budget will be set and our priorities for the floor plan discussed, after which I can post it (if interested). Someone asked about financing: The architect’s initial rough concept with cost estimate was approved by the local Sparkasse, 30-year fixed interest for 1350 per month (with about 360,000 loan amount). Unfortunately, the city was not ready at that time, so we used the time to enlarge our floor plan.

I think apples and oranges are being compared here... One wants to build on a plot costing €560/m², the other on a plot costing €120/m² (both estimated since no m² are given here). It’s only logical to me that someone in a region that is so "expensive" also has correspondingly higher income (has to). What I don’t understand is that this person then attributes "low" salaries to their own fault. For example, "then you chose the wrong field of study"... ridiculous, I earn about €2500 net and studied electrical engineering. That is not a low income but a very appropriate one, after all, plots cost €50/m² where I am. Seen in a 1:1 ratio (which is exaggerated!!!) the person whose plot costs €560/m² would have to earn at least €25,000 per month. And it’s the same with building a house. In an expensive region, the house can cost a bit more because the salaries of employees and subcontractors etc. are higher than in rural regions. And last but not least, the dick-measuring contest with the A6... I have to be embarrassed for you, sorry.

Someone had asked about financing: The architect's first rough concept with cost estimate was approved by the local savings bank, 30 years fixed interest for 1350 per month (with approx. 360,000 loan amount). Unfortunately, at that time the city was not yet ready, so we used the time to enlarge our floor plan

The best offer I have gotten so far with a long fixed interest period was 1600 monthly, 25 years fixed interest, approx. 100,000 remaining debt. However, I would already be 62 then and that does not seem quite optimal to me.
Prepayments are planned, but realistically not predictable.

The savings bank would give the 360,000 at 2.14% fixed for 30 years (1350). That is a top interest rate for the term.
And for 430,000 you would have 2.16% fixed for 25 years, and still 100,000 remaining debt (1600)

Of course, this is calculated with mixed interest; because you at least once mentioned KFW 124.

Will this possibly be a KfW 55 house?

Is a lower fixed interest period, combined with a lower rate, an alternative? At the same time investing the difference to make prepayments?

That only gives you flexibility if things get tight, and a higher interest risk. The problem is that your previous calculations only provide for 2%-2.5% repayment.

Ok, enough with A6 now please

: Did you have a chance to read through the last on-topic posts?
They tend to get overlooked easily