Experiences with construction cost savings through self-performance?

  • Erstellt am 2024-10-20 16:03:24

11ant

2024-10-23 21:12:31
  • #1
Factually, it does come first, but in terms of timing, it hardly can. The bank has this security (in the sense of logical certainty) simply because without the equity there would ultimately be a financing gap. Among other reasons, that is why it also belongs in the financing plan. How the bank protects itself against potential non-contribution likely differs from bank to bank (if not from customer to customer or case to case).
 

nordanney

2024-10-23 22:59:52
  • #2
You don't have to be confused. If you state your closed financing for the total costs, there are the positions equity capital and debt capital. And in almost all cases, the equity capital must be used first and then the loan is disbursed up to completion. You can, of course, say, for example: I'll do the outdoor facilities later. Then the costs are not in the financing plan and thus not the equity capital you want to use for it. But in general, it can be said that the equity capital you want to use for financing (and the costs stated to the bank) must be used IN ADVANCE before the loan is paid out.
 

-LotteS-

2024-10-24 12:26:29
  • #3


We had to prove by invoice and bank statement that we had spent the equity capital stated in the financing before we were allowed to access the loan. As a "pre-disbursement condition".
 

ArminJG22

2024-10-25 22:05:00
  • #4
We were able to freely use our equity and loans. However, the minimum share required for financing was placed in a blocked account. This allowed the bank to ensure that it was not spent on other things. The blocked account was in this case even a savings account with a 3% deposit interest. When a payment was due, I always indicated how the allocation should look. Maybe that works for you too?
 

11ant

2024-10-25 22:37:10
  • #5
I consider this an exemplary and practical solution.
 

nordanney

2024-10-25 23:58:10
  • #6

Or even the only conceivable alternative to preliminary deployment.
 

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