Which tasks must be completed before signing the shell construction contract?

Hello everyone,

From a financial planning perspective, I have a few thoughts and would like to hear your opinions.

Framework data:
1. The plot of land from the municipality (will be fully developed) is financed and will be paid off by the end of the year. The municipality still has to complete the development and carry out the land surveying (paid by the municipality).
2. The architect has completed the draft planning.
3. The plan is to first build an extended shell (i.e., civil engineering, drainage, shell construction, roof).
4. Afterwards, expansion will be done with known craftsmen.

Points 1-2 are paid out of "own" pocket. Points 3-4 through the house financing, which is supposed to be completed at the beginning of January. Logically, there are still a few points missing between 2 and 3.

From my point of view, these would be the points below that on the one hand make the house financing ready for disbursement (and the shell builder can start building. I hope my assumptions are correct, because without house financing ready for disbursement, a shell construction would not exist ;-).

- Building surveying, €1000
- Building permit via exemption, €1000
- Additional payment for floor area, €300
- Second notary costs (new land register costs due to house financing), €2500 (essential for the loan from my perspective, as without land registration, the bank financing the house does not provide any money)
- Builder’s liability insurance, paid
- Construction insurance / builder’s risk insurance, €400
- Soil survey, €1000
- Energy consulting (probably not the full amount at the first step), €3500
- Provision of construction electricity/water, €700

So, based on my estimate, I would end up somewhere around €10-11k that I would still have to pay out of pocket until the next invoices are paid via the house financing, correct?

Are there still any points missing or are my estimates too low?

No one has an idea? :-)

The electricity or water company wanted the connection fees to be paid in advance.

That was almost €2000.

So just check whether it is the same with you.

I also roughly calculated with €2000. Seriously, they want the amount before the excavation work begins?

So another question arises? When did you submit the applications for the house connections?

I also roughly calculated with 2000€. Seriously, they want the amount before the groundwork begins?

So another question arises? When did you submit the applications for the house connections?

When the foundation slab was poured, we took care of the house connections. However, we already received an invoice for the house connections from the waterworks 4 months before the house construction started.

Best regards
Sabine

Sabine, don’t confuse that. Before construction began, we received an invoice from our water supplier for the development contribution. That means every property that will be connected also participates in the costs of the piping throughout the entire area, and with that you pay for the right to connect to the wastewater and rainwater network; our contractor handled the connection for 3000 gross. After applying for connection to water and possibly gas, which should be done about six weeks before the desired date, the final invoice arrives, which includes what was done in meters from the property boundary to the house entry. This amounts here to around 3000 gross for gas and water. Karsten