Equity understanding problem

.... and you think the bank will then just "simply" pay these "calculated out" 30k to the kitchen builder, gardener, etc.? Good luck.... (my bank only pays upon presentation of the invoice and a photo of the services rendered on the invoice)

I'm out of this thread.

What exactly needs to be substantiated? The equivalent value exists in the form of the property! He could also forgo building the house, mortgage the property for 100k, and go buy himself a Porsche with it.

I would like to emphasize once again that these, of course, are only example numbers, as Musketier pointed out. What matters to me is the question of how the equity is calculated or what I declare to the bank as equity before the financing.

Musketier, do I understand correctly that at the beginning of the project I would ask the bank for around 5,000 with the reason that I have already made more advance payments than I wanted to?
Right now, this is the only way that makes sense in my mind. Is this the usual way?

(now I have to respond again, otherwise misunderstandings will probably arise here...)

Of course, he can go buy a Porsche with it, but then it is no longer a construction loan and therefore runs under different interest conditions.
It’s no coincidence that many banks no longer include things like a kitchen within the scope of a CONSTRUCTION loan.

So why make such a fuss over a paltry 5k when you can easily borrow this amount cheaply within the family without stress?!

Oh Bernie, that doesn't help. This is not about a concrete 5,000 euros. For all I care, just imagine that I have realized that I not only need a kitchen but also have notary fees, court costs, etc., that the kitchen actually costs 20,000 and I have already squeezed everything out of grandma for the plot, so it's not about 5,000 euros but about a 15,000-euro difference that no one will privately finance for me. The question remains the same.

Musketeer, do I understand correctly that at the beginning of the project I would ask the bank for around 5,000 with the reason that I have already taken more preliminary action than I wanted? Right now, this way is the only one in my mind. Is this the usual way?

YES.

So, just ask the bank:
Dear bank, I have 10,000 euros in cash, a plot of land worth 100,000 euros, and I need 300,000 euros for a house (which you, dear bank, can gladly pay directly to the contractors upon presentation of the documents) and I need an additional 100,000 euros in cash for the notary, the appraiser, the kitchen, the schnapps, well, and everything else. Dear bank, it is important to me that I hold in my hand something in writing, black on white, signed with blue ink and stamped, confirming that you will transfer these 100,000 euros for my free use to my checking account.

This post may contain irony, but at its core it is very serious.