Strategic consulting financing house and land

With strategy 1, you just have to take out a loan twice. I also don't find that ideal.

I think the question is justified, as I also have no idea how to handle this in the smartest way.

Under no circumstances would I liquidate the portfolio. You have very few securities in relation to your assets.

What disadvantages do you see in taking out two loans? My thought is that I would be more flexible here and the second loan would actually only be the amount I ultimately need. Am I overlooking something?

Financing the plot completely might not make sense. I don’t know how the bank calculates the loan-to-value ratio for plots. I might finance the plot and only put in enough equity to get a good interest rate, for example 80% financing. Then use the money from the apartment and the remaining equity to build the house. That should be enough for the house. If there is anything left over, you can use it as a special repayment on the loan. I am not an expert in this field but this is what came to mind spontaneously.

With 2 loans at different times, it occurred to me that due to the higher processing effort for each smaller amount, you might get worse conditions. We have often seen that from 300k there were better interest rates. Presumably, you also have to go to the notary twice for the mortgage deed.

I would ask my house bank.

Secure yourself a very generously sized amount at a very good interest rate if you get that and have sustainable income. That keeps you free and capable of acting also for the timing of the apartment sale, what you do not need you can multiply in the portfolio. Money is currently very cheap for those who do not necessarily need it. That would be (and was) my approach.

Thank you for the suggestions/ideas. I will give it some thought.