Young landowner - build or rent?

Hello everyone,
I hope I did everything right when creating the topic, if not, I am grateful for any hints.

A little about me:
I am 24 years old, trained as an industrial clerk, worked for 2 years, and in June I will complete further training as a business administrator. So far, I live with my two dogs at my parents' house, but once school is finished and I have a permanent job again, it will be time to move out.
I have also had a boyfriend for 2 years, who actually lives 140 km away from me. He spends so much time at my place that you could say he almost lives with me.

Now to my real problem. The land adjacent to my parents' property belongs to me. It is currently developed but undeveloped.
On one hand, I don’t want to move into an expensive rental apartment and "finance a nice life for the landlord" (not meant to sound so harsh,...), on the other hand I don’t know if it makes sense to build so early?
Since I certainly wouldn’t be the first choice for landlords with two dogs, the question is whether my boyfriend and I would even find an apartment.

I know there are already a thousand questions on the internet about whether it makes sense to buy a house so young, but so far I haven’t found anyone who already had a plot of land.

Regards

Anja

On the one hand, I don't want to move into an expensive rental apartment and "finance the landlord's nice life" (not meant to sound so harsh,...), on the other hand, I also don't know if it makes sense to build so early?

Primarily, you are financing a nice life for yourself if you find a nice apartment. You save a lot of money compared to owning a house and remain flexible. If money is not a problem and you want to buy yourself a higher standard of living by sacrificing elsewhere, then you can consider building.

I think that's simply too early. Only after you have rented for a while can you better assess what you value in a property. In addition, you remain flexible for the time being; maybe you want to move somewhere else after all. You can't really predict that in advance...

Even if the money was fully available, I would think twice about that in my younger years. A house ties you to a place, and changing that is not as easy and quick as terminating a rental apartment.

I agree with my predecessor, living experience is extremely helpful in house planning. Your youth worries me less – rather, the imminent completion of further training will mean career opportunities that do not fit so well with being tied to one place. You shouldn’t “block” yourself in the proverbial sense ;-)

A handful of years of professional experience later you will be clearer about where your career can still go, and still young enough for big plans. Meanwhile, in rented apartments, you can get more concrete ideas about what belongs in your own house and what is less important. Being able to build more “purposefully” will save more than you can meanwhile make a landlord “richer.”

Nevertheless, I am glad to read that you think about such “adult things” at such a young age. This attitude will still be useful to you, but it doesn’t have to translate into owning your own house right now.

I join in saying that at 24, the freedom to live and work anywhere at any time should never be given up. But if the capital is available, I would build and rent out, possibly with the help of your parents. They live next door and can keep an eye on the property ;-) If you can start building your real estate portfolio at 24, then that is a solid foundation for the rest of your life. And the Augsburg region is certainly attractive enough to build rental properties there.

If you can start building your real estate portfolio at 24, then that is a good foundation for the rest of your life. And the Augsburg region is certainly attractive enough to build rental properties there.

No: building on the plot now – that is, before gaining the experience I advised to wait for – I would not consider wise as explained above. The plot has (and maintains) value even when undeveloped, but remains available as a basis for your own home if you have gathered the valuable living experience needed for planning.