Is refinancing possible after just 2 years? (for outdoor facility)

Try sketching the property with elevations and post it here. Then tips could be given regarding this.

Good morning, as already written to many, your financing bank will not agree to a rescheduling at favorable interest rates. Why would they.

Just calculate again what this costs and request an additional refinancing. It is cheaper than the classic installment loan.

Meal everyone :cool:

first of all, many thanks for the numerous and above all constructive contributions, I am almost overwhelmed by the help.
As soon as I am back from the business trip tomorrow, I will respond to all the questions and suggestions!

Best regards

Sometimes the demands are simply bigger than the budget. It's not really a problem. Build yourself a wooden deck as a terrace and even out the height differences with a frame. This works very well as a DIY project, looks great, and doesn't cost a fortune. You have a new house and hopefully a healthy family and some chaos in the garden. So what. A refinancing that potentially gives you sleepless nights is hardly worth a garden design.

So, good evening everyone,

the intention of my post was first and foremost to find out if anyone has already experienced a similar situation to ours and accordingly has experience with the financing bank regarding a debt restructuring.
Of course, it is more than helpful that this issue is being raised from several angles and tips are being given.

What is the household income and how many people live off it?

The household income currently amounts to net m(29) 2700 + f(25) 2400. Tendency is clearly increasing, tariff-related. + a total of 3 monthly salaries as bonus
A child is planned at most in about 5 years.
Currently, we are repaying the main loan with 2.5%, the KFW part is well known to be fixed. Since we are still relatively young and can expect certain inheritances in a few years, we are relatively relaxed about it. I have read here about financing that deserves the word Harakiri much more.

To be honest, we have not yet had the chance to get used to the installment with the incidental costs, as various bills still arrived in the mailbox in recent months and some things had to be purchased.
Fortunately, this has now come to an end and with the income and repayment we are back on a normal course.
We would definitely not pay off the whole thing immediately, but at the earliest in one year. I just want to know if and how I could get the money from the bank before I talk to the landscaper (or several) and get offers.

YES, we have financed significantly too little. We would never do that again.
We built the so-called shell house of the DFH group here in this forum (which certainly does not count as a social average in this country) and planned many parts as own work. To say it upfront, we are still very happy with the decision and would build the same way again immediately.
We did a lot ourselves, it was a tough year but now we are overjoyed to live in our own home.
Unfortunately, it was not possible to do everything as planned by ourselves, we had to get help in parts.
And hidden costs came up too, as I said, we would never finance so low again.

That’s how the additional financing with ING came about, plus (unfortunately) a consumer loan of 10k at the end. Currently still 9k remaining
That is supposed to be included in the planned thing, that only 10-15 remain for the outdoor area. I did not mention this info in the first post, sorry!

I would talk to the bank, maybe they revalue the house due to the higher costs and market value increases and you could increase the mortgage. Then maybe an additional financing could be done again and you could stretch the repayment compared to a consumer loan.

That’s exactly the point. I can well imagine that the value has increased a bit by now and we could talk to the bank about shifting the loan-to-value ratio and a somewhat higher repayment.

ING also has the home loan, if you live there for a year, you can apply for it. Interest rates are not top, but lower than a typical consumer loan. Take a look at it on the website.
No mortgage is needed.

Thank you very much for the info, I didn’t know about that yet.

Try sketching the plot with elevations and post it here.
Then tips could be given regarding that.

I can gladly do that tomorrow, unfortunately it is necessary to support the slope on the entire width of the house on the terrace side.
12m wide, just under 1.20m high. We absolutely don’t dare to do that ourselves and it has to happen soon, the slope is already pressing, earth clods are constantly lying on the provisional gravel terrace.

The amount would initially only be for the most necessary things, which are:

- Support terrace slope, preferably a dry stone wall with two steps and planting strips in between
- Splash protection around the house
- ACO channel on the terrace side
- House entrance stairs, two steps. Currently there are pallets there
- Prepare terrace for flooring, depending on the offer, have it covered with WPC or slabs

The entire rest of the outdoor area we would actually do ourselves in a few years depending on the budget, these things should not have to wait so long.

Best regards!

Terrace slope support, ideally we would like a dry stone wall with two tiers with planting strips in between

If I were you, I would realize that with the 9000 in concrete. As mentioned above, you can beautify it with alternatives in EL. Splash protection and everything else can be done by yourself. With your salary, you surely save a few thousand monthly, so that you can invest another 10000€ next spring?!