Financing outdoor facilities, carport, equipment

Hey

so I can tell you what I would personally do:
first of all, NOTHING!

you are just about to start building... You probably won’t need the money until autumn. I would deal with it rather in 8-10 weeks before you need the money.

WHY?

then most of the construction work will already be done, then you can precisely estimate what we actually need in terms of money!

You are writing here that construction costs of 400,000 EUR will be fully covered from equity.
You probably only have the costs on paper so far... House construction probably with a developer who does it turnkey at a fixed price (maximum security)

BUT, probably already during the construction work you will find out that they are not 100% identical (the costs) but maybe higher or lower.

even during the construction phase changes can occur... possibly different fittings (selection)

I signed a fixed-price contract for a house with a developer in 2019, we only started building at the end of 2020 (waited over a year for the building permit, it was a battle... okay, a house in the 2nd row and in the end with lots of restrictions...)

we calculated very well and also built in a lot of buffers, and we moved in 5 months ago... and in the end I can say that we spent much more than the “generous buffer” was...
whether kitchen, bathrooms, interior furnishings, and especially the outdoor facilities (slope, 2nd row etc.)

and with the civil engineer (earthworks) the costs were already 20% higher than in the offer (clear, they had to transport away more soil, which has become very expensive in recent years, and more gravel and so on...) and that was just the beginning.

Therefore the tip for you:
wait, it could be that in summer you can see it, and then maybe with a buffer you need 75,000 EUR or even 90,000 EUR (then you could round it up to 100,000 EUR so that 1) you have more banks to choose from, and 2) you can get it cheaper after all)

and if the interest rates rise again by then... never mind, better only once, but finance properly, instead of borrowing 50,000 EUR expensive now and then in autumn finding out that you need another 25,000 EUR or more. So, wait and see, have some tea ;)

Today I inquired at 5 Raiffeisen banks, savings banks, and PSD, immediately for a loan amount of 80,000:

Result: For a 10-year term, the interest rates are between 1.39-1.70%, for a 5-year term it is still available at 1.22%.

Is it worth continuing to search, or is it really too late for interest rates around 1%?

@ Hyponex: Would the interest rate decrease for a loan amount of 100,000 euros?

Of course, the money will only be needed in the fall, but I have requested a disbursement in the fall (if concluded now, as I suspect rising interest rates)!

In which postal code is the house being built?

So, in my region:
10 years, €100,000 = normal repayment with special repayment = 1.15% (9/12 months free provision period)
5 years for 0.88%

€80,000 is already a bit more expensive!

It would be important to know (to calculate more precisely):
Postal code where the property is located (for regional banks + regional pricing)
Employee? Or civil servant, or employee in the public sector? (sometimes there are discounts)

Of course, one could also take a 10-year full repayment mortgage = 1.05% (for €100,000) and some banks still have 5% special repayment here, meaning you could directly pay €5,000 if you don’t need the money.

That as an orientation ;)