Good morning Anja,
My husband and I are currently considering whether to start a new build in 2015 or 2016 and I am diligently reading here to get a feel for it.
If the framework conditions are right, why wait? I would take advantage of the interest rate benefit if I were you; it will not stay this low forever.
What actually interests me more is, what exactly are the major cost factors in building a house?
The things you don’t have on your radar or that are "sugar-coated" to you. For example, the typical ancillary construction costs of around EUR 35,000, plus costs for painting & floor coverings, plus costs for outdoor facilities, plus costs for the garage and plus a cushion reserve.
Fence and shrubs, plants, trees, hedge also present, as it is an old garden plot. Driveway already paved.
After completion of the new build, most of those will not necessarily remain.
Only what do we build on it? That is the big question here? Basically, we would like to live on one level on the ground floor and the children get a small domain upstairs, basically two children's rooms, heating room, small bathroom.
Then you already have concrete ideas.
You should consider that even 2 bathrooms increase the price. It is not so much the small items, such as a floor-level shower, that drive the price up in the end. Rather, it is the sum of many little things, similar to the ancillary construction costs.
You should first talk to your bank, an independent financing broker as well as an insurance company; the latter currently have good conditions. Only when you are sure about your budget can you decide how much money you really want to invest in building the house under which monthly burden.
And – price drivers are signatures under so-called cheap offers. Because it still applies: quite cheap is ultimately quite expensive.
Rhineland greetings