Is financing possible with ING?

And maybe one more thing:
inclusive valid VAT is stated in your contract.

Hi,
yes, it would be nice if the reduced rate would stay that way, it would be almost €10,000 for us.
But it probably won't be extended. :mad:
Olli

So, I’m not one of the experts here, but what strikes me:

How are you paying for the MATERIAL for stairs, doors, sanitary, tiles, other floor coverings, and the interior paint?? That’s at least 20k. And you’d have to do EVERYTHING yourselves, which is crazy given the scope, especially with a child. At least for us, it doesn’t bother anyone if we work on the house into the night.

And maybe one more thing: inclusive of valid VAT is stated in your contract. We also currently have that, but it means 16 percent. But if you build the house, it’s 19% again. That’s immediately another 7,000€ you have to come up with.

Do you have a FINANCIAL ADVISOR from the construction company? This seems extremely optimistically calculated to me :-(

Hi, thanks for the note about the VAT. The financial advisor works independently from the construction company; we actually have two at hand and could also ask the second for an assessment. The one we are currently working with has so far obtained the best conditions for us.

For the interior finishing we get help from the family, craftsmen from the family business are provided (painters, tilers) (meaning, my father-in-law pays them, not us out of our own pocket) + we can buy materials below market value. We have already compared, for example, what the company would normally charge for standard sanitary objects; we can get high-quality brands ourselves.

Since construction won’t start earlier than May - June (the plots are currently still being developed), we still have about 1.5 years to put money aside. It will certainly be a tough time, but how else can one get property? Existing condominiums or properties in need of renovation are in the same price range and are worth significantly less than the object. Renting a larger apartment currently costs 1500€ upwards all included....

Regarding the outdoor facilities: we are obligated to build the fence; everything else will be done gradually by ourselves. My husband also gets materials cheaper through acquaintance companies. Therefore, we clearly see a buffer in that area.

What I don't understand is why you are currently working only part-time? That totally kills your parental allowance during parental leave. Also, I don't see that you work the same number of hours with a child as without a child.

Since construction will not start earlier than May - June (the plots are currently being developed), we still have about 1.5 years to set something aside. It will undoubtedly be a difficult time, but how else can you get property?

Well, if you earn in our sector now, then at least by saving beforehand. We have always wanted to build a house and therefore saved up the 200k. That significantly lowers the risk for the bank, which is why we are also getting a loan.

In addition, many of our friends are building tiny terraced houses with 105 sqm on 230 sqm plots with the simplest equipment. Things like a fireplace and raising the ceiling height are things you first have to be able to afford, and that would already save 10k.

This one, with whom we are currently working, has obtained the best conditions for us so far.

Morning, 1.3% interest doesn't sound very cheap. Last month we concluded at ING for 0.6%, and it took about a week until the approval was there. Regards, Olli

- What I noticed from the homepage and your information:
- Temporary construction electricity and construction water are missing...
- 20 cm foundation slab is not great
- What about the removal of the excavation?

- Monolithic construction is good!
- Interior plaster in Q2 could indicate that wallpaper still needs to go on. Those are again labor costs that consume time
- Generous electrical equipment ... it says sufficient! Sufficient is not satisfactory!
etc.

Please refer to our general construction and performance description for all exact equipment features.

Since construction wouldn’t start earlier than May - June (currently the plots are still being developed), we still have about 1.5 years to set aside some money.

Wow, so you are already paying the loan? It doesn’t have an unlimited availability period, does it?

....(painter, tiler) (meaning, the father-in-law pays for those but not us out of our own pocket) + we can buy materials below market value. We already compared, for example, what the company would usually charge for standard sanitary items, we can get high-quality brands ourselves.

That is then something that can also be designated as such in the calculation. If the father-in-law pays for something, then that counts as equity.
That changes the picture considerably because the value of the labor paid by the father-in-law does not have to be carried out by you. Why don’t you say that right away?

Regarding the materials: I had that bonus once when renovating the RH bathroom of 5 sqm: 10,000 without VAT was nothing o_O Well then..

Therefore, we clearly see a buffer at this point.

A buffer is there to cover the first hurdles. Nothing is left for the finishing stage.