Remaining balance after construction completion

  • Erstellt am 2012-04-26 21:47:09

mauhin

2015-06-04 14:02:08
  • #1


What experiences have you had? We are also currently with Ing-Diba...
 

f-pNo

2015-06-04 18:06:04
  • #2
It is highly unlikely that you will have anything left at the end. Here and there costs end up being higher than planned, there may be choices of materials where you prefer, for example, a more expensive shower panel instead of the originally planned shower, etc. If everything is actually completed and you still have some cash left, it will go toward the outdoor area. There are many nice things that will still come up. For example, anyone who has a cistern for garden irrigation needs a submersible pump and X meters of hose (or pipeline) costing 300 - 500 euros. You may need a fence (so the small children don’t run onto the street) – 8,000 € won’t be enough for that anymore. Mailbox with stand, 150-250 euros (for reasonable quality). Topsoil depending on quantity, several thousand euros, and so on. We had to submit receipts for payments – but not for 3.50 euros, rather for the invoice of the partial payment plus the construction progress report. I actually had to submit collected receipts when proof of the use of own funds was required. Since we covered smaller expenses (< 1,000 euros) from these, I had to send a thick letter to the bank at that time (which even included the 3.50-euro receipt from Aldi).
 

DerBjoern

2015-06-05 10:45:18
  • #3
Phew, I really appreciate the handling by my local bank. I didn’t have to present any receipts. However, I had the large advance payments transferred by passing on the invoice from our advisor, so that I couldn’t transfer anything incorrectly here.
Returning leftover money would theoretically not have been a problem either, since we took a small portion (the previously calculated buffer) as a variable loan. But special repayments would also be possible in the main loan.
 

f-pNo

2015-06-05 10:50:41
  • #4




Well – I was allowed to submit the receipts once regarding the use of equity. So the bank wouldn’t get any silly ideas (requesting more), I also copied the entire collection (including the smallest invoices) – principle of deterrence.
 

Stefan G.

2015-06-05 11:16:28
  • #5


Why not? We explicitly included that and have no problem at all
 

Legurit

2015-06-05 11:27:01
  • #6
Depends on the bank - Ing-Diba, for example, does not do kitchens - remaining balance can possibly also be returned simply with a penalty fee. We would probably pay 1%.
 

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