Why is financing so difficult?

I believe experts are merely a type of insurance – in the case of not purchasing, for example, a used property or choosing another company, the money is gone. One reason why many want to save here. This, combined with the arrogance/mindset of many (men): I have to build a house, plant a tree..., often leads to the idea that one could actually do the supposed bricklaying oneself... if one had the time, of course. But it is naturally enough for quality control. You have to do something yourself – sampling is like shopping for clothes, so for women (side-by-side refrigerator, urinal, and home automation aside). - Caricature of the mindset of many male forum participants

Another post that disappears overnight again...

Hello,

I believe experts are merely a kind of insurance – in case of not purchasing, for example, a used property or choosing another company, the money is lost.

Of course, it seems silly at first when an expert is commissioned and then the property cannot be purchased because another buyer was faster. On the other hand, if the expert’s commission had shown that the expected renovation costs would exceed the available budget, wouldn’t it have been well-invested money – even retrospectively? There is always the possibility to offer the commissioned report to the later buyer for purchase.

The same applies to BB and contract documents of the preferred building partner. A layperson cannot know what to pay attention to. I repeatedly experience that, for example, it is said: "that was promised to us," but there is no written note in the BB and possible supplements. Also often heard is "we were not informed about that." To minimize this, there are countless contact points where support is available for little money. For example, the Association of Private Builders, the Building Owners’ Protection Association, experts, or lawyers; all of them have in common that they know very well what to look out for and "translate" it into understandable German for their clients.

Also during the construction itself, I am very much in favor of involving an external expert or TÜV® in a construction project; on the one hand, it gives builders greater security, and on the other hand, four eyes see more than two. I do not know any reputable provider in my environment – whether solid or prefabricated house – who would oppose this external support; on the contrary. From experience, I know that an expert usually finds minor issues that can be quickly fixed. Of course, there are also outliers, like lemon cars; it would be fatal to do without external support in such cases.

Rhenish greetings

Wow, quite a lot has been added.

So, we will definitely join the Bauherren-Schutzbund and use a lawyer there who will go through the contracts with us. To what extent he can also point out construction-related problems to us, I don't know. But I just hope he protects us from nasty clauses. Otherwise, we will "treat" ourselves to construction supervision who will inspect the trades with us.

Otherwise, the house we have planned is a huge difference from our apartment. It simply suits our needs more. Sure, rent would still fit and be easier. But I miss my garden and my own property. I gladly take on the extra work and costs for that.
The financing is not planned to the extreme, but so that one can still live well alongside repayment and saving.
More and more costs are slowly adding up, which we can now specify exactly. Hopefully the final offer for the house this week. Then everything will go to the bank.

A friend recommended that we rather refrain from special repayments and instead follow the interest rate level via building savings contracts, which we should make ready for allocation as quickly as possible. Then, when the loan (e.g., Kfw70) expires in 10 years, we can use the integrated building savings contracts for further repayment.
In other words, to start repaying then. What do you think about that?

Hello,

So we will definitely join the Bauherren-Schutzbund and use a lawyer there who will review the contracts with us. I don't know to what extent he can also point out construction-related problems to us.

He (the lawyer) will look at the contract from the legal side and its implications for you. Usually, the employees also review the BB; they will raise a flag if necessary. That is a good start

Otherwise, we "treat" ourselves to construction supervision that accepts the trades with us.

Yes.

Rhineland greetings

A friend had recommended that we rather avoid special repayments and instead try to keep up with the interest rate level through building savings contracts, which we should then make ready for allocation as quickly as possible. If the loan (e.g. Kfw70) expires in 10 years, we can use the integrated building savings contracts for further repayment. So, only start repaying then. What do you think about that?

That is often more expensive than repaying directly. If you want interest rate security, it is more sensible to extend the fixed interest period and to put what you want to invest in the building saver directly into the repayment of the annuity loan.