Exploring financing options

Ok, is already included in the ancillary building costs.

I would build standard (formerly kfw70). That is well calculable and of course energetically within the green range by standard.
Better spend the money on some small extras that make everyday life lovable. Controlled residential ventilation should be included though.

Best regards in brief

Thanks in advance for the answers. I will get some offers and then report back.

Have you already had a consultation at a bank or building society? I think that for new construction, the €100,000 KfW funds with a low interest rate should be possible, right?

Yesterday we had a cost breakdown at a bank appointment regarding house purchase and renovation. The total loan of €250,000 was divided into 3 different individual loans; according to the energy consultant’s planning, additional funds from KfW will be added, or the entire construction loan will then be converted. Completely new roof and windows are financed through KfW, the remaining renovation and purchase price go through the house bank.

PS: I can give everyone the tip to also get advice on construction loans from an independent financial advisor/economist. Possibly they negotiate better terms at their own house bank than if you inquire there yourself. In addition, construction financing through the house bank and KfW is not manageable for me as a layperson because it is very complex.

That's actually very unfortunate, these experiences keep happening. We go to the [Hausbank] and the quality of the advice is poor, one-sided, and not independent. Especially on this complex and existentially impacting issue, one should be able to expect independent, thorough, and comprehensive advice. It's really quite sad that consumers have to gather additional information in forums and consumer centers, that there is a need for further explanation, and that more and more new questions arise whenever a financing or financing project is put up for discussion.

Independent, all-encompassing advice is simply not possible. Bank A will only be able to offer what it can and wants to offer, not what Bank B offers. Then you have to go to B yourself and ask there as well. The broker will always have his commission interests in mind. So it is not independent there either. And some institutions, for example our VR Bank, in principle do not work with brokers at all, so they will never have VR Bank financings in their portfolio, whether good or not. In the business section of daily newspapers, average interest rates for construction loans can be found weekly; you can take that as a benchmark. And with brokers the problem is that they make a living from brokering. So there will hardly be one who says, I don’t have the right product for you. For example, we wanted an amount x as an annuity, fully repaid in 6 years, plus amount y as a short-term loan for 12 months, fully repaid through a then due large, old life insurance policy. The bank could do exactly that. The broker put together from x and y an annuity, a ten-year full repayment plan, with high special repayment rights. But that was not our question. No, he said, what we wanted didn’t exist. Yes, it does, just not through him. Karsten

Yes, and that's exactly where the fee-based advisor we used comes into play. There are also differences there, but the framework conditions you want are met, and you basically don't have to worry about anything. And you know: he works for us and not for the bank that offers a lot of commission, for example. And the only difference is that you pay him directly and not hidden through the costs of the financing.