What do you think of this payment plan?, Property appraisal

Hello Yvonne,

Payment plans are part of the contract for work. No contractor will change anything about that. Either you accept it as is or you don't. You can try to change one or the other payment, e.g. the final payment.

You would be surprised how many providers change it if they risk losing the contract :cool:

We have a terrible payment plan, 9 installments, of which we have already paid 8... the last installment equals the value of the finished garage, which is also included in the cost breakdown. So now we have paid for the house, but we are only about two weeks away from the screed laying... Trust is everything!

I hope your trust is not disappointed!

Somewhere on the web there is a registry from which you can learn something about the company. Maybe it’s the Bundesanzeiger. Just google, use the search function and have someone who can read the numbers ;)

No, it is the commercial register. On the other hand, the house banks are very cooperative and will gladly request a credit report at their customer's request; which I would advise all potential builders to do! The bank will not hand over the extract – they are not allowed to do so for data protection reasons. However, they will always provide their customer with an important decision-making aid.

Rhenish greetings

The company register is all well and good, but you also have to be able to read financial statements. Sometimes these involve several companies that are intertwined accordingly, and profits are shifted to one company or another. As a certified accountant, of course I made the inquiry with our construction company and asked the seller a few questions quickly. He became very willing to negotiate concerning warranty and completion guarantees ;-) The information regarding my questions was then willingly provided for the next meeting. Since my employer has a certain quota for inquiries with Creditreform, I was able to check the rating of the construction company through that.

Hello Naddl,

and trust is everything? Sorry, I can't understand that.

I forgot the :cool: :mad: in my post!

Hello Yvonne,

..
I hope that your trust will not be disappointed!

...

We hope so too... Back then we were still naive... ;) Now we watch suspiciously like a lynx.

So far, however, we are very satisfied, especially with the subs, they are very reliable, attentive and think ahead... and so far no botched work experienced!!!

Please let it stay that way :)

Hello construction expert
thank you for your response. Since I was so stupid and already signed, I hope everything will be fine :(

Regards
André

Hello André,

Hello Bauexperte
thank you very much for your answer. Since I was so stupid and already signed, I hope everything will be fine :(

Not good ...

Send me a PM; maybe I can give you some hope - if I know the provider ...

Rhenish greetings