ᐅ Is it possible to finance a fitted kitchen?

You can calculate this in advance to keep some flexibility with the interest rate by holding back a portion of your equity.

You could of course choose a different option.
1. Install a ground-source heat pump + mechanical ventilation with heat recovery
2. Obtain a BAFA subsidy
3. Buy a kitchen

Of course, the subsidy does not arrive immediately. But you could get a kitchen with 0% financing and pay it off gradually.

When we started planning our build and actively read through this forum, we realized that many homeowners end up short on funds for the final items. This was regardless of their level of wealth. Those who had more money also tended to spend more and ended up in the same situation—it often got tight towards the end, and the last items were scaled back. Apart from the landscaping, this frequently affected kitchens and often, where there was a desire, a sauna.

For this reason, we decided to purchase the kitchen and sauna in advance and store them temporarily. For the kitchen, we counted the needed items based on our wish list and the amount of cabinetry space required. This worked out well. Additionally, this approach allowed us to wait longer for the right offer.

Best regards
Gabriele

fach1werk schrieb:

When we started planning our build and read through this forum extensively, it became clear that many homeowners end up short on funds for the final items. This was true regardless of their overall wealth. Those who had more money also spent more and often found themselves in the same situation at the end: funds were tight, and the last items had to be scaled back. Aside from landscaping, this often affected kitchens and, where there was a desire, saunas.

For that reason, we decided to purchase the kitchen and sauna in advance and store them temporarily. For the kitchen, we estimated the requirements based on our wishlist and the cabinet space needed so far. This worked well. In addition, it allowed us to wait longer for the right offer.

Best regards,
Gabriele

Hmm... everyone can do as they wish, but I find this approach somewhat unusual.

If you create a solid expense and financial plan and stick to it diligently, you shouldn’t run into trouble at the end.

If it does get tight, those are absolutely necessary expenses during the construction phase that you can’t simply postpone by a year or two. Without a sauna, however, you can live for a few months.

By artificially keeping yourself short on funds and buying items that are only needed at the very end beforehand, you may lose valuable flexibility for these urgent costs.

That’s how it looks. I have a detailed Excel spreadsheet listing every little luxury item, plus a 5% contingency.

I also believed that everything was a matter of planning.

However, it made me think that this problem had affected so many before us, and surely they couldn’t all have been careless. So, I assumed that this issue had impacted predecessors even though they had approached things purposefully and reasonably. This led me to believe that, contrary to our expectations, it could very well happen to us as well.

The decision about what to pay for first was based on our personal priority list. We didn’t want to worsen our situation. We had no desire to compromise on these points and thus blocked the way to half-hearted solutions. The rest was determined by a planned budget and mostly stayed within those limits. But the nice terrace covering only came 1.5 years after moving in. If we had compromised and installed concrete paving slabs, they would have clung to the property for 20 years.

I admit, it’s an unusual solution, but it worked for us.

Best regards,
Gabriele