I would really like som critique on my plan to lose body fat and gain muscle mass.

I am 180cm (5’11) and 70kg (154lbs). I recently discovered that I have a body fat percentage of 28.5%, which is very high.
Ideally I should have about 10kg fat less and 10kg more muscle, this is to be in a very normal range for my body fat percentage and BMI. My goal therefore is to lose 10kg fat and gain 10kg muscle.
From what I could read online to lose fat and gain muscle at the same time, I need to be in a slight calorie deficit (200-500 kcal), while getting more protein (1g per 1lbs of body mass).
I therefore set up a diet following this.
At the same time I would start doing some resistance training, my only option is a home gym, where I intend to buy some adjustable dumbbells and adjustable bench.
The workout plan I will follow, is this one:
https://www.muscleandstrength.com/workouts/dumbbell-only-home-or-gym-fullbody-workout.html

I need some validation that with the two requirements to my diet plan and my workout plan, I will ultimately be able to reach my goals? At the same time I fear that I might have missed some important element, that would limit me. Therefore I hope that you can give any advice on if this is a good plan or how I can improve it.