Home construction financing - House price and ancillary construction costs

House price is definitely fixed, it is a big German provider with a model house park on the A7 and a V in the name ;-) The somewhat lower price probably comes from the fact that we only want to build 133sqm, as that is completely sufficient for us.

I don't find the price for Lower Saxony low at all.
Ok, I don't know what Kfw 55 might cost compared to Kfw 70... ;) I believe "fixed" insofar as you can calculate it before construction starts.
For us, quite a few additional things came up over the course of the trades. Whether it was a pedestal in the bathroom or the metal corner strips in the bathroom...
I would also include the outdoor area in the financing – a permanent driveway made of sand can be very annoying, and a garden also needs to be laid out.
For that, ancillary building costs should be less than 30,000... that could buffer quite a bit :)

Starting at 34 with children... of course you can do that. If it doesn't work immediately, at 35 you are already practically in a high-risk pregnancy.

Man, man, man... ever since I read here that you don't walk around naked in the house over 40, some opinions around here don't surprise me anymore :cool:

Man, man, man... ever since I read here that you don't walk around naked in the house when you're over 40, some opinions here don't surprise me anymore :cool:

This opinion is the general medical opinion in Germany and by no means my own, as I am neither practiced nor experienced in this. In case of doubts, possibly ask the gynecologist.

"Fixed" I believe insofar as it can be calculated before the start of construction.

Therefore, we still have just under €5000 in the financing intended for changes in equipment.
Since we have the option not to draw up to 10% of the loan, we were able to work somewhat relaxed with the buffer amounts.

Additional buffers in the financing have been created for incidental construction costs or unexpected other costs.

On the topic of children at 34. We take the topic seriously and appreciate being pointed out "critically" to problems; the more input we receive, the better we can benefit from the experiences and opinions. :-)

I think that sounds good and well thought out. For the [Elterngeld], it might make sense to change the tax classes beforehand so that more [Elterngeld] comes out.

Man, man, man... since I read here once that people over 40 no longer walk around the house naked, some opinions here no longer surprise me at all :cool:

Did someone seriously write that? (Shaking my head...)

As for the planned change in the repayment rate during [Elternzeit], this must also be contractually agreed upon. This is an additional service for which the lender charges interest in the form of an interest surcharge due to the option costs. However, my experience shows that a bank is also willing to agree to changes in the repayment rate even without an originally contractual agreement before such financing fails. Nevertheless, one should discuss this before signing the contract.