Construction cost payment schedules

But you do not have a fixed interest rate period of 20 years for any KFW loan ;)

Yes, that's true, but we would only take the 10-year fixed interest rate for all loans anyway. If everything works out, we would have paid off at least 180,000 after 10 years, and then we could see what to do with the remaining 100,000 + interest. It's a pity that there are different opinions about whether a bank only accepts equity capital in advance. I'm curious what my bank advisor will say about that. If we agreed next week, the construction would only start in October/November and last at least 8 months. If necessary, we'll just build without a basement.

What is equity in hindsight? Saving backwards? :-D

Saving during the construction period, after the loan application.

We used this money to build the double garage, which was initially left out in the original plan. That way, we also had an additional buffer in case of emergency.
@
We had to contribute the majority of the specified equity at the beginning of the construction.

Before I write a lot here: read #11 from carefully: we have sunk approximately the amount you still want to save in the last third of the construction phase for better equipment, outdoor facilities, and other hidden incidental costs... it was a testament payout that I was already aware of, but it was not included in the financing since it was not yet available in the account.

One (you and the bank) fundamentally only counts on capital that is available!
Just imagine if you don’t manage to save after all or if fate plays a nasty trick and you have to pay in advance due to illness or a car accident... :eek:

Yes, well that’s probably true, but is it often the case that one still has to come up with such an amount afterwards? The developers advertise a lot with a fixed price guarantee.