Financing of order reserves / extra orders

We are currently also in the planning phase of building a house. Regarding the financing, the following questions are still open:

1.) Can sample reserves (e.g. tiles, sanitary, electrical, etc.) be financed? Do you set the amount yourself in this case?
2.) Are painting/flooring works also financeable if they are not included in the total house construction costs but commissioned separately afterwards? What about a carport and drilling a well?

Does one basically finance a certain amount even though one can only prove the contract for the house and the land contract? If yes, that would mean that only construction insurances, moving, furniture, and kitchen have to be paid from the remaining capital.

Thank you for your answers!

Hello,

we have structured our financing as follows:

- House price including special requests (tiles, sanitary and also electrical installations were largely determined within the framework of an initial sample selection and included in the house price).

- Additional construction costs (estimated after consultation with our architect)

- Risk buffer (estimated after consultation with our architect)

- Plot of land (already owned by us).

- Outdoor facilities (according to the offer of our landscaper)

- Garages

- Kitchen

These items added up to our total volume.

From this we deducted the equity to be used and the value of the plot.

The difference was then our financing requirement - with this figure we approached the banks and financial brokers.

Regards,

Dirk

Of course, the total price of the house - including special requests and finishing costs - is included in your financing plan. How much of that you will then get financed is, of course, another question. What have you stated to the bank so far?

I would say that everything is financeable, as everything is somehow value-enhancing. What was not financeable for us, for example, was our [Baugutachter], because of course that is not value-enhancing.

If you get the idea of laying the Sicilian Vesuvian stone for €400 /m², the bank will take note of it but will hardly fully recognize it as value-enhancing. (I'm just speculating). As long as it is not a structurally weak region, your bank will probably accept everything within the framework.