Single-family house: Is the rate realistic? How much house can we afford?

do you already have the equity or does it need to be saved up first?

Everything is so vague with you. Starting with the plot of land

The equity of €90k is already available. However, I do not understand "everything is vague." I have made an effort to present our plans very concretely. Of course, the development plan still needs to be created, and of course, we are only at the beginning of our planning. But so far, we have had the attitude: "Better to start too early than too late" and also the thought that any planning makes no sense if you cannot realistically assess your own budget.

Basically, I could have kept the post much shorter:
- €90k equity
- Existing plot of land, already developed
- Approx. €6,000 net/month available
- Expenses of x € / month

=> Is a monthly installment of €2,500 feasible?

Everything else was additional, also to sort out my own thoughts, I think...

It is stipulated in the contract, but yes, you can ask for something like that (meaning, if you consider it foreseeable, you should make sure to request it from the bank as well). The keyword here is "free repayment rate change," I believe. Of course, they still expect a minimum repayment, and often it is limited to a few times.

Thank you, I've heard of that before and I will definitely make a note of it. That could at least be useful with my very predictable salary increases to eventually increase the installment or also to reduce it temporarily from time to time.

Basically, I could have kept the post much shorter: [..] - Existing plot of land, already developed

Now you're confusing me: I thought it was just speculative land? Anyway, you'll be able to afford a house, even on another plot. Lower Saxony is affordable. So first check what is planned there and how long it could take worst-case. Then you can see further.

The only risk is the development of the building area. Normally, the municipality buys all the plots, plans and builds the roads and canals, and then sells the building plots individually. Those who sold a plot beforehand get to choose a building plot first. Development costs are offset against the sale price. Since the municipality has to finance this in advance, there is a chance that it might take a little longer. Especially if there are enough other building plots available. A senior civil servant, however, gets everything financed.

The building area is already developed, as there is already a 30-year-old road there, which is fully built up on one side and already has 3 other houses built on "our" side. Therefore, the new development plan is supposed to basically "close the gaps" there.

According to the municipality (and indirectly: the planning office), no other area in the village is currently under consideration. In other words, only individual private areas remain for development.

The municipality is therefore very interested in progressing quickly with the development plan in order to meet the demand for new building plots within the municipality. We are thus quite hopeful to keep 3 of our total 5 parcels – if necessary, they should get the other two as a gift if they let us "build in peace". :)

The equity of 90k€ is already there. However, I do not understand "everything vague." I have made an effort to present our plans very concretely. Of course, the development plan still needs to be created, and of course, we are just at the beginning of our planning. But so far, we have had the opinion: "Better to start too early than too late" and also the idea that any planning makes no sense if you cannot realistically estimate your own budget. Basically, I could have kept the post much shorter: - 90k€ equity - Existing plot, already developed - about 6,000 € net / month available - Expenses of x € / month => Is a monthly installment of 2,500 € feasible? Everything else was additional, also to organize my own thoughts, I think...

My clear answer to that is "No" The loan installment should never be more than 1/3 of the monthly net income. If you want to be very cautious, then you add the additional costs (electricity, water, pellets?, property tax, insurance) and the monthly sum of bank installment and additional costs should be less than 1/3....

My clear answer to that is "No" The loan installment should never be more than 1/3 of the monthly net income. If you want to be very cautious, then you add the additional costs (electricity, water, pellets?, property tax, insurance) and the monthly sum of bank installment and additional costs should be less than 1/3....

This is a guideline, a rule of thumb, nothing more. It makes a difference whether you have a €1000 installment from €3000 or €3000 from €9000. Household additional costs, living expenses, etc. are practically the same in both cases (assumption), 2 daycare places at €300 each are much easier to afford in the second case… ultimately the builder decides and finally the bank.