Unpredictability of construction costs - Will the project fail because of it?

  • Erstellt am 2022-04-19 22:01:25

TmMike_2

2022-04-21 10:08:53
  • #1

I want to emphasize that it can be fatal for laypeople!
In theory, it would reduce costs.
The prospective homeowners now have to resolve acute problems on several fronts and then reorganize themselves.
Unfortunately, you are already one foot deep in the swamp, but I think you know that.
Legal advice is really necessary here.
Also, the fact that the loan agreement is already signed and your apartment is sold puts you under time pressure!
When does the interest-free period of the loan end, that is, from when do 'penalty interest' charges apply?

Perhaps a mediation meeting with legal counsel on your side could help.
I certainly would not let myself be 'ripped off' by the general contractor!
Always remember, it is your money and you make the decisions about it.
 

Pinkiponk

2022-04-21 10:27:00
  • #2
Dear hang_häuschen, even if it is currently emotionally bitter and disappointing for you and your family, you can be very, very glad that you will not be building with this construction company. It would have almost certainly led to much bigger and more costly problems if you had built with such a company. I see it as if you have just barely (with a lot of luck, I really mean that) gotten away. I also find your budget sufficient for a nice house build (...and garages I find ugly anyway. ;-) ). And as for "desperation," ;-) for most of us, "states of despair" are part of building a house, but they are temporary and in the end we all sit in our garden or on our terrace and drink a beer or juice or wine or coffee. ;-) All the best, please continue to let us be part of your project. A solution will be found and we will continue to help you as best we can.
 

Nemesis

2022-04-21 10:44:17
  • #3


What does your bank say? Already called?

I can confirm here , a good friend dropped out at the same stage as you a few weeks ago. His house bank (savings bank) let him out of the contract for 750 euros on a financing volume of 300k. He had expected significantly more and was happy. But it went over the head of the superior at the main branch; the branch manager couldn't decide alone... fyi.
 

MayrCh

2022-04-21 11:22:11
  • #4
The experts present here, please do not confuse with facts. Thank you.
 

11ant

2022-04-21 11:38:31
  • #5
Yes, this aspect, that as a self-inquirer you are basically "without recommendation" asking for an appointment from her Majesty the craftsman, is often underestimated ;-) I would also recommend approaching this second attempt with your own planning (self-paid architect) and having them prepare a proper tender (with individual lots, even if you prefer a general contractor).
 

aero2016

2022-04-21 17:26:33
  • #6

This statement is wrong.
If no completion date is specified in the contract, it is to be fulfilled immediately.
If the company then does not comply, deadlines must be set.
And in the end, they are liable for damages.
 

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