Procedure / Sequence of Construction Planning

Visits to model home exhibitions are not bad either – you can both get ideas and make initial contacts or even have a first information meeting (unless you show up there on a Saturday or Sunday)...

Basically, I now also tend to recommend a variable loan for the land purchase, which is then repaid as part of the house financing and integrated into the final loan structure.

Otherwise, kann there may be difficulties in financing (dependency on the bank financing the land and possibly worse conditions as a result...)

Regards,

Dirk

PS: If you own the land, you don’t need a property developer, but a general contractor, construction manager, or architect!

I wouldn't see it quite as "positive" either and rather agree with Koempy.

Well, humanity is divided into those who first see things negatively and those who say: I'll manage it.

As I said: I managed it myself, so I trust others can do it too!

If you own the plot, you don't need a developer, but a general contractor, general contractor with architectural services, or an architect!

Thanks, Dirk

Hello,

How do you want to distinguish a prefab house from a solid house from the outside? Both can have plaster / clinker facades?!

Not at all – but the builders on site will surely be happy to answer that question. Incidentally, there are usually construction signs on the property or attached to the construction fence.

Driving through building areas is nice, but the crucial thing is to clarify what you are actually ALLOWED to build on this property. So get an expert and discuss the development plan with him for 2 hours. After that, wishes and suggestions can be gathered. What’s the use of liking a townhouse if a SD is mandatory?

For that, the talks with providers are pretty helpful; don’t you think?

Rhenish greetings

Well, humanity divides into those who first see things negatively and those who say: I can manage that

No, no, it’s not like that.
But it’s better to plan one month longer than to regret afterward because you forgot this or that under stress or you get into time pressure because it just doesn’t go as fast as you’d like.
I can tell you, we needed significantly longer than three months until everything was settled and we could draw money from the loan, and that even though we knew exactly what and how we wanted to build (also in detail). But the whole bank issue alone took almost 2 months in total. That doesn’t leave much time within 3 months.

The OP can certainly try, but he should also have a plan B in his pocket so that he doesn’t have to run around to the banks at the last second.

@ Bauherren2014

As you surely know by now, I stay out of financing topics. There are more competent contacts for that than me. With the right support, the [TE] will be well looked after and advised. By the way, there are hardly any financial institutions or their employees left who are not aware of the concerns in house construction. Therefore, I am not worried that reasonable solutions regarding financing will be found; one has already been described by Dirk, among others.

I certainly do not believe in rushed decisions, nor do I push for them. But my experience teaches me that a final decision for one provider or another is made quite quickly. From there, it is not far to the building application.

Rhenish greetings from on the road
Construction expert

So we have already made an appointment at the bank and found out where our pain threshold is concerning the loan. We do not want to take out a higher loan anyway. Then we would go to the developer and say *So this is how much is possible to spend, this is our pain threshold for the loan - make something out of it.*

Equity is available, about 20% of the total amount, but if we use it to pay off the land directly in the building phase, then the money is gone afterwards, so that option is off the table, right?