Bank does not accept own contribution

  • Erstellt am 2020-08-04 00:55:28

Vicky Pedia

2020-08-05 19:15:47
  • #1
correct. But it includes more: heating, ventilation, plumbing, building management systems, fire alarm systems, and much more.
 

Lumpi_LE

2020-08-05 19:25:58
  • #2
120 in EL.. As a businessman, one should be able to calculate how long one has to work for that. As a layperson, at least 6000 hours, so 2-3 years working around the clock...
 

User0815

2020-08-05 20:43:24
  • #3
Just for comparison: I signed the construction contract for a prefabricated house in timber frame construction and the loan agreement in May 2018. The construction contract with the description of construction services listed everything with the total amount, minus all the trades I did myself (underfloor heating including insulation, sanitary installations, roof drainage, painter from Q3, floor coverings), split into material and labor costs. I had to additionally sign these labor costs (about 22,000 EUR) separately and also provide them to my financing bank, besides the description of construction services. The building application was submitted in August, a mini-sampling and production go-ahead for the prefab house in October, demolition of the existing house + earthworks in October, approval in mid-November, foundation slab in mid-December, house erection in mid-January, and from then on the self-performed work started, partly in parallel with the official trades. The screed came in mid-February, then there were delays with the heat pump and the screed heating because the power connection was not installed, handover at the end of May, move-in in mid-June. I did not do the masonry, excavation, pour the foundation slab, install windows or doors, do electrical work, or do the Q2 plastering myself. You want to do all of this yourself, partly even while working. I have trained tilers, painters, installers, and heating technicians within my circle of friends and family, with whom I previously clarified that they have time and that I can schedule them. Your 9 months will not be enough. And honestly: the motivation decreases week by week. I prepaid all material costs from my own (not specified separately for this reason) equity since the bank only paid out after presentation of the invoice. After completion, an appraiser came who wanted to see all rooms and take photos of almost all rooms; he asked questions about KfW standards, floor coverings, equipment, etc.
 

apokolok

2020-08-05 21:36:32
  • #4
The plan is about as well thought out as that of my 6-year-old who says he needs to save a bit more, then he'll buy himself a moon rocket and fly a round with me.
Nothing complicated, 40 hours a week BESIDES work, no crane needed, etc.
Sorry, you are a dreamer and obviously have no idea.
May the bank protect you from this folly.
 

hausnrplus25

2020-08-05 22:14:06
  • #5


Only you?
And did the construction company list it as an option?
 

MasterXX123

2020-08-05 23:13:38
  • #6
A small experience report: I am currently in the process of renovating the 12m2 hallway (just the hallway!!) in our new used property. At first, I had only planned a few weekends for it. Actually, I have been working on it since January including vacation time: everything down, drywall sheathing, plastering, sanding, removing old floor tiles and milling flat, leveling compound, laying 60x60 tiles, painting, baseboards, hanging guest WC... Half a year! Still outstanding are the 10 interior doors, etc. I am a mechanical engineer and handy... If you manage to do it all in 3 months: great! Please document with pictures/videos as a benchmark. Good luck and please share your experiences.
 

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