Property available - finance basic inventory?

We are well aware that we have the rest of our lives to furnish the house. That’s how we are doing it anyway. 10k for inventory is not much in that sense. How we stand in front of the bank and why we also have to borrow money for it, let that be our business. The question was whether and how it works, not what kind of image is conveyed by it.

So we have €30,000 in our construction financing overview for kitchen, furniture, curtains, lamps in the financing. It was no problem at all for the bank ([Sparkasse]).

Thank you, Stefan! That sounds positive.

No problem. By the way, the suggestion itself came from the bank. I was supposed to enter a realistic amount for furniture and kitchen in my overview. We do have quite a bit that we’re taking with us, but surely there will be some additional items. If we don’t need all the money for furniture, I have agreed with the bank that I can pay back a total of 10% of the overall financing amount free of charge. That way I’m playing it safe. I also find that somehow logical. Sure, a 0.0% financing through furniture stores / kitchen studios can be cheaper, but I prefer to have only one debt (bank), pay my monthly amount here, and that’s it.

And doesn't the last paragraph itself seem nonsensical to you? Where do you really see the advantage in that? The case that you actually have something left over after the construction is the absolute exception! Nice that your bank does that - the question is, what collateral and unsecured portions you have in the financing. That is absolutely unusual - inventory is basically not a security that the bank can rely on.

Hello! Don’t let yourself be driven crazy about why you need new furniture! Those who build new don’t want junk to stay at home. Besides, you are also contributing equity in the form of land.

I can’t stand hearing about 0% financing anymore. There are hidden costs there too, and you pay for that 0% through the price. In my opinion, it’s always a marketing gimmick.