Is it possible to reduce the size of the house after the financing is completed?

  • Erstellt am 2022-01-12 07:50:58

Schwabe23

2022-01-12 07:50:58
  • #1
Hello everyone,

the following situation:
We have now submitted a building application and have a cost calculation for it. However, we want to reduce the house by 1 meter again, which will save us another €60,000. [DS] will then be submitted later as a [Tektur].
Due to inflation, I am very nervous about the loan and would like to finalize it as soon as possible. Could I do this based on the current status and factor in the savings as security, or is that a problem for the bank since the house would then be worth less than stated? The loan-to-value ratio is 75% and €460,000 or then €400,000.
Replanning with our architect always takes forever and it will probably be another 6 weeks before I have all the documents.
 

guckuck2

2022-01-12 08:27:24
  • #2
Since the object is changing drastically, you will have to go to the bank again.
 

In der Ruine

2022-01-12 08:30:57
  • #3
Whereby I still do not understand how 1m brings such a big saving. It's only a little less concrete, stones, roof beams, shingles, etc.
 

Tom1978

2022-01-12 08:53:04
  • #4
The forum name fits perfectly :cool: I also find €60,000 a bit much. Do you have that in writing? You don’t want to go to the bank, clarify everything, and the BU says, oops, it was only €30,000 after all :-) You usually estimate construction with €2,500 / sqm. However, that already includes things that do not disappear or become smaller when the house is reduced.
 

WilderSueden

2022-01-12 08:55:12
  • #5
On the other hand, you sometimes wonder why small changes are so expensive with some companies. I'm just saying knee wall height increase ;)
 

Schwabe23

2022-01-12 09:01:47
  • #6
The architect's calculation considers m3 of enclosed space, which is significantly more accurate than the m2 consideration. The 1m extends over 3 floors up to the roof and across the full 7m width. That is already noticeable. There is simply a room on the ground floor that we actually don't need, and upstairs we can move things closer together. Given the current developments, it's certainly not a mistake to reduce costs. This has nothing to do with my nickname but is a sad reality we have to face.
 
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