Your Makler24 experiences and planning uncertainty

Hello community.

We have wanted to build a house for some time now and have already gone through a few offers. Some time ago, we came across "Ihre-Makler24" through an offer on the internet. After a short phone call and now 2 appointments, the planning is slowly becoming concrete. We want to build a prefabricated house of about 125 sqm with a basement and a granny flat. The heating will be an external air heat pump combined with a photovoltaic system with about 6 kW output.

What you hear most before building a house is that there are always costs that you did not calculate beforehand. And since we are building without equity, I want to avoid such costs as much as possible.

Now Makler24 comes into play. According to their statements, they calculate additional costs everywhere so that something like that does not happen in the end. Now I have a sample offer here, which amounts to €430,000 in total. However, "everything" should be included in it. The building plot with €100,000. Notary and taxes. (We do not need a broker in this case). Basement with about €65,000. The finishing of the granny flat with €25,000. Incidental costs for temporary double charges and, for example, moving costs with €5,000. House connection costs with €15,000. Costs for partial development, architect, and excavation with €16,000. The heating including the photovoltaic system for €33,000. Even insurance for the construction phase is included.

And now to my question. Where could additional costs still arise? To me, the offer sounds almost too good to be true. However, without seeming dubious. I also find the "technology" of the financing quite astonishing. It would be simple, even though I would never have thought of it myself.

I hope someone can help me a little regarding the costs or also share experiences with this provider.

Best regards, IOS

I hope you are not planning to build for €430,000 WITHOUT equity...

The website does not make a convincing impression on me. Sorry! Under contact, there is only a mobile number and a GmbH as the business owner, about which there is no other information. Have you already looked at houses from them and spoken with the owners?

Yes, yes. But this is well thought out. We provide the "equity" through our own contribution. Therefore, it is not a 100% financing but in this case "only" 97.52%. We have thought this through carefully and can relatively easily afford it with the monthly costs, even without tenants.



Yes, I have noticed that too. Little by little, I find more and more points that argue against them. But as I said, the house where we met, statements like "......we have been doing this for 30 years already...." etc. make me wonder, if they were really that unreliable, why so far are they, in my opinion, the only ones who have taken almost all costs into account in the planning?
I will ask other owners tomorrow morning and report the results here immediately.

And thanks already for the answers. I am currently in quite a hurry because the reserved plot is really more than optimal in terms of location, but the owner only wants to hold it for a maximum of 2 more weeks.

Best regards IOS

@RFR

Yes, yes. But that is well thought out. We provide the "equity" through our own contribution. Therefore, it is not a 100% financing but in this case "only" 97.52%. We have thought it through well [...]

Wrong. Well thought out, maybe. But if you calculate like that, it's either wrong or you're not informed at all. I assume you haven't spoken to the bank yet, at least not in this detail.

€0 equity does not mean 100% financing, but 100% + x. Where x represents incidental costs like broker fees, property transfer tax, notary, etc. So with €0 equity you're talking roughly about 110% financing and with the own contributions maybe about 107.5%. First, you have to find a bank that finances over 100%. In addition, banks have their own rates to calculate the loan-to-value ratio and do not simply accept the prices on your paper 1:1. It can well be that your house costs €200,000 on the invoice, but the bank only continues calculating with 80% of this value. This will certainly drive your loan-to-value ratio over 100%.

So you shouldn't expect a good interest rate.

Talk to a bank/savings bank, they will bring you back down to earth. They juggle with completely different numbers than average Joe does with his calculator in connection with equity and own contribution.

Good luck.