Construction financing - Your experiences and tips?

  • Erstellt am 2024-08-18 19:36:08

Papierturm

2024-10-27 21:39:43
  • #1

Prefabricated house providers in the same quality and expansion segment are not cheaper (or more expensive) than comparable masonry providers. Of course, if you now compare a premium brick builder with a cheap wood builder and vice versa, then different prices come out.

But I would not assume that.

With a set budget under €400,000 including garage for 160m² turnkey... those days are unfortunately long gone. At the latest here some alarm bells should ring.


Wait. Not even any construction contract signed yet (luckily!), but it cannot be reduced anymore? Huh?

Just as a concrete example: Due to a quirk of the development plan, we had one provider calculate almost the same house twice, only with slightly different external dimensions. But these still resulted in about 15m² difference. That made a difference of almost €40,000. These were happily distributed to foundation slab, roof, walls, interior finishing, including plaster and floor coverings... the really expensive things (heating technology, electrics, sanitary) remained the same.

If a provider and/or architect says reducing does not help, then... well, €400,000 was also budgeted for the project.

There is KfW 300 (children + income limits, but good interest rate) as well as KfW 297/298 (interest only slightly below market rate).
 

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