Why is financing so difficult?

Good evening Yvonne,

You see: our opinions are partly the same. But only partly. You are from the industry - I reflect opinions and viewpoints (of enlightened) homeowners.

No, you reflect exclusively from the experiences of your construction project.

It’s not about a job, it’s about acquiring an expensive thing.

It’s fundamentally about nothing else.

?? In almost every profession, there is no more on-the-job training – most companies can no longer afford that. Someone is thrown into a new task by learning-by-doing and somehow it works. Interns and apprentices have to contribute after a few weeks and achieve what a journeyman does. Call centers no longer advise, they only record for an external company. But this has less to do with house building...

It has a lot to do with it!

Although I have been self-employed for 25 years, I learn through my children that not so much has changed in professional life; apart from the fact that all job titles sell better in English – for whatever reason.

I trained as a debtor/creditor accountant. Aside from the age issue (disgusting), little changes except for the underlying chart of accounts and the occasional account name. In case of a company change within the trained profession, not much can happen except that I have to learn the internals of the new employer. So far so agreed. But if I want to get a foothold in your – a completely unknown environment to me – job, I have to learn much more; either through an induction period of at least 3 months (from my point of view utopian) or through training. I don’t understand your answer on this point.

Exactly. Just look at the websites of house providers. There is always a seal somewhere. One cheap provider has a service seal from der Welt, the next low-cost provider the TÜV seal, another the RAL quality seal, the next again the creditworthiness seal...

You defend ... preemptively.

I also have no seal on my homepage. I could have one anytime, but I see no need to pay for something that has little or nothing to do with my profession.

My house building company has no seal. Why not? Because they are small and not nominated. No small business is nominated, suggested or even tested in any test. ... They also often don’t offer meaningful websites. Yet they can be good and cheap.

He (your provider) “would” not be nominated, he would have to pay ... to be mentioned positively. He doesn’t do that and, in my view, is well advised.

But what do we do when we want to inform ourselves? We go on the WWW, scour the sites, play with the modular system of the house providers and search for prices. They all have seals. Then some house parks are visited on Sundays, only to learn that next year everything will be more expensive, the competition doesn’t offer what they offer, a nice giveaway in the form of a car is added to the house or a kitchen worth 5000 €. Great! Yes, there are again the 450-Euro minijobbers who earn a little something on Sundays

I don’t have to understand it … You, like any other potential homebuyer, could gain significant security by hiring an expert! It’s about more than €450.00 …….

Anyway: before I repeat myself – it’s a long topic. My employer would make a 3-day seminar out of it, we here could fill the regulars’ table over the weekend with it.

It takes more than 3 days/months to be able to call oneself an “enlightened” homeowner …

I don’t want to sugarcoat anything, but I try to put myself in the thought processes of a consumer. As long as interest rates remain low so that repayments are cheaper than rent, it will also be accepted that the home is just average – if the living space is better than in a rental, and that is usually the case

No, sorry ... you reflect your thought processes/experiences; no more, no less! Because – as a tenant life is considerably less complicated than as an owner

Rhenish regards

I'll leave it at that, although I believe that you partly see or read it incorrectly.

It is also too tedious for me in a forum to constantly emphasize and clearly differentiate my opinion and that of the general public for you when it comes to general psychological behavior.

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?