Respect for large numbers - is the financing feasible?

@ Jo212: Serious suggestion 1: Build as you plan, but save even more equity first. That should be quick. Serious suggestion 2: Don't necessarily take Steffen 80's posts at face value. The internet is free... anyone can write whatever they want here. When three people discuss toilet bowls in the price range of 180 to 600 €, this original poster will definitely come around with a part costing at least 6000, with an electrically heated lid, music depending on consistency, and of course UV treatment of the flushed-away things... You don’t always have to believe everything he writes.

Yes, the amount is crazy, but I would like to point out that it is driven by the property.

Honestly, I find the amount normal to cheap for metropolitan areas like Frankfurt, for example! Normally, prices are seven-figure for detached single-family houses. Especially since the OP certainly will not build spartaneously.

I have nothing to do with construction financing professionally. Banking is a wide field, and just because someone is a "banker" doesn't mean they have experience in construction financing.

Some people just cannot imagine that there are bankers who have nothing to do with construction financing or loans in general, just like there are police officers who don't chase criminals on the street or shoot, doctors who don't work on patients, or pharmacists who don't work in a pharmacy. Unbelievable.

You might as well sleep under the bridge; private insolvency won't save you from that... and secondly, with a loan of that amount, you can expect a six-figure early repayment penalty.

First of all, he will not go into private insolvency upon sale. And secondly, I would like to see how a six-figure early repayment penalty would be calculated on a loan of 720k at the current low interest rate level? You do realize that the early repayment penalty roughly corresponds to lost profits and banks can only realize modest margins at the current interest rate level? Seven-figure means at least nearly 15% of the loan amount. If those were the times today, banks would be covering their buildings with gold leaf.

CONCLUSION: From my point of view, objectively considered, the OP’s situation is in the dark green area; he just has to personally decide whether he really wants the house.

Pool house was just an example. We don't have that either. We have 1100 sqm + 225 sqm living space + 60 sqm converted attic with some extras (controlled residential ventilation, KNX, fireplace, expensive kitchen, large heated garage etc.). About 1 million EUR. The exterior area now comes with about 100k extra. I had planned 40k here..unfortunately, there is only the "front garden" for that. Nice things are unfortunately very expensive (e.g. aluminum fence). Rolled lawn, irrigation etc. add to that..

My employer is solidly positioned, and my position is secure. Therefore, I do not see my job as any more at risk than others.

I can't think of any business area of a bank that won't face massive upheavals in the next 5-15 years...

I can't think of a business area of a bank that won't face massive upheavals in the next 5-15 years...

Well..I'd be more worried about all the high earners in the automotive industry. They believe their job is secure.

I can't think of a business area of a bank that won't face massive upheavals in the next 5-15 years...

I heard that sentence 15 years ago as well...