Payment plan - What is realistic?

Hello, the best way to prevent overpayments is individual contracting with invoice verification by an architect, we did it that way or rather we had an architectural firm in Cologne with an attached craftsmen pool [Bundesweit9]. The advantage with this service provider is a fixed price as an upper limit, no overpayments, because first service, acceptance, and then payment.
Best regards Bert

Even though it is not quite the case with us yet, at the moment the banks are our points of contact to get a good financing overview, we have nevertheless received a breakdown of our possible cost plan. When I look at others, I find this one already very good.

07 % after completion of the building application or building notification
13 % after completion of building drainage, base/foundation
13 % after completion of the exterior and interior walls on the ground floor without facing
13 % after erecting the roof truss
13 % after completion of the facing without window sills
08 % after completion of the roofer and plumber work
05 % after installation of windows and exterior doors (without locking and fine adjustment)
05 % after completion of the rough electrical installation
03 % after completion of the drywall work
03 % after completion of the plastering work
04 % after completion of the heating rough installation
03 % after laying the screed
04 % after laying the tiles (without baseboards)
02 % after completion of the heating and sanitary installation
02 % after completion of the electrical installation
02 % after installation of the interior doors

If I am mistaken, please write back

Hello,

...have received a breakdown of our potential cost plan. When I look at others, I find this one quite good.

The many payment steps convey – on the surface – a good impression. The catch, however, is that once the finished shell is standing, you have used up 72% of your capital. What will you do if the worst-case scenario happens? With the remaining amount, you will never, ever finish your house...

A maximum of 60% should mark the upper limit for this stage of construction.

Kind regards

Hello,

from my own experience: as a builder, I am currently in a very uncomfortable situation - paid too much for the shell construction and the construction is no longer making any progress...

But not universally - for example, if a garage is included in the construction, it must be listed separately.

Regards
Alexander

Hello,

I am currently trying to familiarize myself with the topic.

If I understand everything correctly:

25% after the start of the earthworks is definitely too much then?

This concerns the purchase of an apartment in a 6-unit building.

Regards
Regensburger