The idea of the house. Financeable?

yeah 200,000 for the small house about 130 sqm and the rest are additional construction costs and buffer. Furniture, high-quality floors, and kitchen are not included yet. And probably a lot of own work as well.

The additional costs will also occur in the owner-occupied home and will also be higher; in addition, reserves should be built up for repairs. Let's say 350 €.

How much can you save per month? A portion of that + the current cold rent would be a possible approach for a feasible installment.

For 120 sqm, you can easily calculate with 200,000 € including your own contributions, but that does not yet include a garage/carport or garden.

If the house is really supposed to belong to you in 20-30 years as well, meaning it is paid off, you have to expect an installment of 1,000 €.

That makes an expense of 1,350 €. Can you afford that without having to restrict your life?

Has overlapped with the contribution from Der Da.

So with 2500,- EUR net, building a house is very, very difficult... You will find someone who will finance it. [DerDa] already wrote that. The bank has the property as collateral... I wouldn't do it.

The front door wooden stone built or prefab house

Sorry, I have to laugh...

I can already hear you singing at the construction site: "Wood on stone, wood on stone, my little house will soon be finished"

Let me guess, it was something like this: Since you live next door and needed a garage, you built one in EL for €25,000. When you finished, you clapped your hands and said to yourself: "It turned out great, and it wasn’t that hard." And that night you dreamed the house next to the garage.

So now you should rub your eyes and wake up. The value of the plot, says your municipality – standard land value. The bank probably won’t credit more than that. At best, the value of the garage will be added. That is then your equity. That will help you get a slightly better interest rate.

For a household of 5 people and an income of a little over €3000, any bank with even a bit of honesty will still not lend you more than €180,000 with both eyes open. Unfortunately, that is not enough for a house, at least not if it is supposed to be move-in ready.

Read through the planning and cost topics here. That will give you a sense of it.