Construction financing and interior finishing

Hello you two and thanks for the answers

We have definitely concluded the topic 'OVB' for ourselves by now. However, there was one thing I found very interesting, namely the financing in the form of a building savings contract? At least according to their example, it is possible to secure a certain interest rate for the entire term, which initially sounds attractive to us because then you don’t have to worry about what it might look like in 10 years. Is there some catch to it?

We have scheduled two appointments for next week, one with our house bank and another with a somewhat more independent financial advisor (who has nothing to do with AWD, OVB, etc.) who was recommended to us by my father.

You forgot DVAG in your list

No, just kidding
In my first answer, I listed the charges you have to expect purely from the financing. I think this is the lowest charge in a reasonable financing.

You can completely eliminate the interest rate risk if you simultaneously conclude a building savings contract over the full remaining debt of around €174,000. Your building savings contract will fully repay the other two loans in 10 years. Fixed interest rate 2.8% until the end of the term, then repayment of €1000 per month.
Necessary savings contribution €494 per month. Advantage: interest rate secured until the end, loan is fully repaid after at most 11 years 3 months.
That means your financing is complete after a total of about 20.5 years.

You can’t fully pay the €494?
You need different amounts?
Just p.m.

Hello,

For €183,900 you would get the house completely turnkey inside and out, whereby of course things like the gas connection, floors on the upper floor and living room, as well as painting and wallpapering work, etc. would still be additional (exactly what usually remains with the designation "turnkey").

I seem to be missing something: if the above price refers purely to the turnkey, clinker-faced house, I consider it a hefty "bargain" at just under €1600/sqm. If the price must be reduced by the land portion, the sqm price is already too low again, as the rule of thumb applies: the smaller the house, the higher the sqm price. Especially since the clinker facing seems to be included in the price, it seems quite unbelievable to me.

For €135,000 the house is turnkey outside and includes the services I listed in my last post

The same applies here as in the first paragraph. If this is purely the price for a shell house plus a bit of paving, it is definitely too expensive; if €56,000 must be deducted for the land, I would ask for the contact details of the shell builder, because then I would only be offering shell houses.

Rest EL …Through my father we know that the construction company has had repeated problems with some subcontractors, and we want to avoid that.

If my above assumption is correct, I believe that blindly.

We are definitely assuming the sum, depending on whether we also work with solar energy and/or geothermal heat, something would be added accordingly.

Solar for domestic hot water heating should actually be included in the initial price if a gas condensing boiler is used. For geothermal energy you have to expect an additional cost in the range of €10,000 – 14,000, depending on whether solar is to be retained or rather not.

I will keep out of the topic of financing, as there are specialists who deal with this important topic all day long; the extensive area of new construction is enough for me.

Kind regards