Specify own contributions, optimally present the object value for banks

Hello everyone,

we have to specify our own contributions for the financing. We are building turnkey and partially doing the flooring ourselves as well as fully doing the painting/wallpapering ourselves.
Can I simply add these "services" to the house value? Currently, I have itemized this under my additional costs.

What about paving the driveway (if done ourselves)? Are these "additional costs" or is this own contribution that is added to the "object value"?

And what about the garage? If I include it completely as additional costs, it does not appear in the "object value" but is lumped together with other works like earthworks etc....

That should look like this, for example

Painting material €3000 - Painting own work €5000 - total €8000

the €8000 are added to the "house price" and the €5000 are deducted at the end as own work and improve the loan-to-value.

House and land belong together, so paving is also included in the calculation, as well as the garages.

In the end, you have your contributed equity, or land, etc., as well as the calculated own work which are relevant for the loan-to-value.

we have to specify our own contributions for the financing. We build turnkey and partially do the flooring ourselves and do all the painting/wallpapering ourselves. Can I then simply add these "services" to the house value?

In principle yes; but there are definitely banks that want a stamped statement from the builder/architect from a certain amount of own contributions.

ok thanks already. I have now revised my list and created the following categories:

[*]House (costs according to GU + additional equipment such as wood stove)

[*]Outdoor area (terrace, driveway, lawn, fence, garage)

[*]Own work (painting, wallpapering, floor coverings)
[*]Plot

[*]Additional purchase costs (paid/is paid from own funds)

[*]Additional construction costs (earthworks, official fees, connections, etc.)

[*]Furniture, equipment (kitchen, etc.)
[*]Equity (bank deposits, etc.)

With this and the values I have estimated, I will confront the financing brokers again.

This is called equity in the form of "Muskelhypothek". The bank can, but does not have to, include it in the loan-to-value ratio.

In the end, you don't really care what internal property value comes out, the condition is decisive.

Delete the furniture and the kitchen from the list. The bank will not include that, it is private pleasure and not part of the usual financing. The trickery with own contribution usually only makes a difference when you are at the typical loan-to-value limits of e.g. 80% or 90%. Every bank handles this differently and a good advisor will be able to optimize this together with you. A simple listing with trade, material, and labor time in [EL] is sufficient.