Construction financing | Is the procedure good? Your opinion and tips

If they all have time, then the total is no problem - we are at 29,000 euros EL, which was also classified as realistic.

I can give you key points from 2 acquaintances who are currently building.

1. Semi-detached house with 188 sqm of living space, basement and carport. Controlled residential ventilation, etc. all in 445,000 EURO. All costs are included here, including incidental construction costs and architect fees.

2. Single-family house with 150 sqm of living space, basement, prefabricated garage and carport. Controlled residential ventilation etc. 350,000 EURO excluding floor coverings and painting work.

Are €25,000 as personal contribution realistic if you have 2 electricians, a mason, a carpenter, and a heating (water) installer in the family or circle of acquaintances, and you yourself are not clumsy?

I intend to complete the house within 2 years since I have no time pressure and do not have to move out of the rental. Thus, I always see time as an advantage for personal contribution. But is a realistic value here perhaps more vague to say?
You never really know who will ultimately help and be there when it counts.

If they all have time, then the amount is no problem – we are at €29,000 personal contribution, which was also considered realistic.

I basically see it the same way as Lexmaul. But besides the issue of the time your helpers need, you should also consider the following points: 1. Do not underestimate the work not only your helpers but also you will have to do on the construction. Do you have the time, strength, and willingness for that? 2. If you have 2 years for the house, that’s good and fine, but keep in mind that during that time you also have to service your loan (besides the rent) and the commitment interest.

No, I don't really believe that either - but who knows . States don’t waive fees, it’s always the municipalities - that varies everywhere. Here it’s relatively reasonable, considering what they relieve you of and offer.

I have to contradict you.
In Rhineland-Palatinate, you pay daycare fees until the child finishes their 2nd year of life. After that, only the catering costs apply - not municipal, but throughout the entire state.

But from my circle, even with two children, no one needs 1,000 euros for groceries - my parents raised 5 children, what could they have paid back then?

We also have living expenses of about 1,000 euros (biting the table :mad with 2 adults and 2 children (2 and 4 years old). In good months we are at 800 - in bad months sometimes even 1,400. However, I specifically call it living expenses because it includes everything from groceries to clothes, diapers, Amazon and similar. Only fixed costs and car costs (including fuel) are not included.
When there were only two of us, we used to be around 3-400. Why the costs have jumped so sharply with two little brats, I can only guess (diapers, faster changes in clothes - we adults grow out of clothes much slower :rolleyes . Still, I could regularly bite the table... - Oh, it’s already gone.

I had understood the 1000 euros to be only for groceries - the other stuff is of course also on top with us!

I basically see it the same way as Lexmaul. But besides the time your helpers need, you should also consider the following points: 1. Do not underestimate the work that not only your helpers but also you will have to do on the construction site. Do you have the time, strength, and willingness for that? 2. If you have 2 years for the house, that's all well and good, but keep in mind that during that time you will also have to pay your loan (in addition to the rent) and commitment interest.

Regarding point 1, I can only clearly say YES, I am aware of that and fully understand it 100%. It is completely understandable that the more you want to do yourself, the harder the time becomes, and that it will be a tough time because of that. Also, considering time with your wife and possibly first child. After all, every hour and minute you invest yourself is also a euro you might have saved. Of course, under the condition that it is done correctly. Regarding point 2, from what I have read so far, there are usually no commitment interests on the bank loan in the first 12-14 months, depending on the loan. As mentioned, it probably varies from bank to bank and there are also fixed times from KFW, Labo I do not really know, during which the whole amount must be drawn. But still, no one is forcing me to be finished and move in within 6 months. I see that as a big advantage.




In my current calculation, I only listed food and everything else separately. So 1000€ and maybe a bit more can definitely be correct here. As so often, it is probably a matter of perspective.


For us, if anything, the latter would be an option, although the basement would be implemented or omitted depending on financial feasibility.