Overall construction cost statement for the bank

Hello everyone,

We are currently putting together the folder with the documents for the bank.
Can you take a look to see if we have forgotten anything?
Property
land transfer tax and notary (we will pay these two items)

house

house sewer and disposal pipes
wastewater pipe wastewater shaft
connection to the rainwater drainage channel
electrical and telecommunications connections
drinking water

authorities and surveying costs
building application approval creation of maps and plans
official surveying

other costs
additional electrical equipment
outdoor facilities such as paving
construction electricity construction water
property-specific work
carport

Can the kitchen also be included in the financing?

Have we forgotten anything?

You can do a lot, including co-financing the kitchen, but it does not increase the value of the house, so the collateral coverage ratio increases, which makes the financing more expensive.

The complete incidental costs such as notary, court, [grunderwerbsteuer] and furniture (including kitchen) should be covered by equity capital so that the interest rate does not become excessively high. It is even better if you contribute an additional 20% of the total costs, then the conditions are reasonable.

Most banks finance a maximum of 100% or 110% of the "house value."

We have 60% equity. However, in the form of a property. That is why I wanted to have the kitchen included in the calculation.

As I said, you can do it. The credit usage and the security are basically separate from each other. You can also include a Ferrari in the calculations as long as the affordability is given.

Hello,

that fits so far. As toxi already said, the bank will simply deduct ancillary construction costs as well as furniture as valuable assets for the new property. It is important that the old property is free of encumbrances in order to register a first-ranking land charge. It may be that a land register excerpt and/or valuation report will be requested. However, I would wait for the conversation with the bank here.

Good luck

............. Wrong mail