House construction planning process! When to make an appointment with the bank?

Why plan a house if you don't know whether you'll get a loan for it?

Go to the bank, ask about the possible financial framework, and plan the budgets accordingly. The other way around makes no sense if you plan your dream house and then find out that you get 50,000 too little loan for it.


(by the way: is it just me, or is the summer slump filled with strange financial inquiries?)

I don't find the question strange. Completely justified. If we have a plot of land, why shouldn't we want to deal with it.

But you probably don't understand that.

If the bank grants the offer from the developer. And there is still room for negotiation. Is it better to take out a bit more credit?

But we think it should work with enough equity. We are still planning how to use the money. There is also no rush and one should not put too much pressure on oneself.

It's just a new situation when we suddenly receive a plot of land as a gift.

How do you want to justify it? Do you really believe the bank will just give you 20k Euros without explaining why, how, or what for? Those times are over.

You have already heard a few times, go to the bank and explore your possible credit limit.
Everything else is unnecessary for now, especially since it sounds like you don't really have much money.

If the bank grants the offer from the developer. And there is still room for maneuver. Is it better to take out a little more credit?

Plan the entire construction costs including incidental costs, outdoor facilities, inventory especially well. You almost always need a buffer (20-50k). It is better to use more rather than less equity to increase the equity ratio with the bank. Refinancing is to be avoided. With your approach, you should have a good amount of money saved up or start planning more precisely before you sign anything.

How do you want to justify it? Do you really think the bank will just give you 20k euros without explaining why, what for, and how? Those times are over.

You have already heard a few times now, go to the bank and explore your possible credit limit.
Everything else is unnecessary at first, especially since it sounds like you don't really have much money.

I think you misunderstand me. Who is talking about going to the bank and needing such and such amount of money. Unbelievable!

I think we have a lot more money and don’t know exactly how to use it.

But well, that is your subjective perception!

Better to take out a bit more credit?

Huh, you yourself wrote that you are going to the bank and want to take more money.