Property reserved, construction financing plan, architect/building permit application

Thank you very much for the information. Every hint is truly worth its weight in gold. Thank you very much

hello. of course we have already thought about the financial aspect and set our limit, have already gone to several banks. just wondering if it’s worth finalizing now because of the interest rates?

Sorry again for the weird answer in the form of the cupcake recipe... I made a mistake.

Again about the soil survey. If you build without a basement, just a bungalow. Do you need this survey?

Luckily, the buffer was very innocuous.

Soil survey definitely - the construction company has to comply with it and you then have the warranty! Without it, no!!!! Even if Mr. Neighbor says blabla or creates one himself. Always!!! Aside from the knowledge of possible problems that can cost money.

Provision interest will be charged at some point, usually from the 6th month after signing. That is annoying, so postpone it.

Still, you should check this forum, especially regarding ancillary construction costs, surveys, procedures, and financing etc. You won’t get any dumber! Everything has already been described very often and in great detail in recent weeks.

Keyword Timing Financing: Two points must be considered, these are 1. Commitment interest: Interest usually of 3% for the bank providing the loan. A commitment interest-free period of one year should be included, then you have enough time for all planning 2. Your gambler mentality: No one can determine the "right" time for signing. Maybe in half a year it will be half a percent cheaper again, but maybe also one percent more expensive. But: It has never been as cheap as it is now. Anyone who seriously thinks about whether they can finance with a half percentage point interest difference should better leave it. I still remember times when I sold construction financers for 10% - and I'm not that old . I don't want to say that you shouldn't look at the interest rate, but you should be able to bear an annuity of 6% to be on the safe side.

Hello

it is quite possible that interest rates will be higher next year. 0.3% on a construction sum X can really hurt. But I don't want to cause any panic. You should be clear about the construction project. A bank also wants construction plans after all

If a municipality says: Development will be in June next year, then plan more around November,... therefore I would not recommend signing tenders and loan agreements yet. The municipality is as fast as it is, and you can't really put pressure on them. However, your construction may be delayed because of this - you will lose money due to commitment interest - your craftsmen's offers may no longer be valid - you will have to tender again, etc. Patience is unfortunately a virtue needed when building a house. Clarify your financial situation, see what your budget is, how much house you can afford, and start planning - if you want to pay for the planning already from the loan, you probably have too little equity,... Ancillary purchase costs must also be paid from equity!