Financing of construction projects

Can only agree with Musketier, better to increase the installment and repay more. I also consider 2% repayment within this 700 € installment very low. Many banks also offer a free repayment change. So go higher and possibly reduce for the child. Also consider letting them offer 20 years. Have you inquired with external banks?

why not put €900 into repayment instead of an expensive home savings contract? Have you considered all incidental building costs, garage, outdoor facilities, ground and painting work? We managed with a similar budget 2-3 years ago, but since then the Energy Saving Ordinance has tightened and construction prices have also risen.

Carport and prefabricated garage are included. Outdoor area is not included in the almost €290,000. However, the site will be fully filled by the construction manager with frost protection, etc., which the landscaper could already work with. Only the outdoor area is added to the €290,000.

So far, the banks under consideration are Ing-Diba and Sparkasse.

So, do you think a home savings contract is not very sensible?

Can only agree with Musketier, better to increase the installment and pay off more. I also consider 2% repayment within this 700 € installment to be very low. Many banks also offer a free repayment change. So go higher and possibly reduce for the child. Also consider offering 20 years.

Have you inquired with other banks?

Does this mean the repayment change is then, for example, downgraded from a 900€ installment to a 700€ installment for one year (due to pregnancy or something else)?

does that mean the repayment switch is then, for example, downgraded from a €900 installment to a €700 installment for one year (due to pregnancy or something else)?

because you mentioned Ing-Diba:

Changes to the repayment rate are possible twice for free

So yes.

Current offer from the financial advisor


€240,000, 15 years, 1.68%, €736 installment
Remaining debt €158,000

Additionally, building savings plan for €166 monthly, approx. €30,000 after 15 years, interest 2.23%, €60,000 building savings loan

€158,000 - €30,000 = €128,000
Of which €60,000 is financeable at 2.23%.
The remaining €68,000 can certainly be reduced by special repayments during the first 15 years.

What do you think?

oh yes, the negotiation with the bank is still pending...