Hello forum,
I am currently renovating a farmhouse and plan to take out a loan once everything is legally finalized. The house is family-owned, and it will be transferred to me. The construction work will be done entirely by myself.
The plan is to convert the first floor and the attic. The attic will have a dormer and a loggia installed.
Now my question (which no one so far has been able to answer): What exactly is required to obtain a loan? Is a building drawing sufficient, or do I need to have a full project plan prepared by an engineer? What is important here, and what is not necessary? What kind of structural engineer do I need (or is one even required)?
I would appreciate any guidance on the general process. Also, I would like to know how long this usually takes.
PS: Of course, I want to avoid spending money unnecessarily on superfluous engineers, etc. I just want to get the essentials needed to secure the loan.
Thank you!
I am currently renovating a farmhouse and plan to take out a loan once everything is legally finalized. The house is family-owned, and it will be transferred to me. The construction work will be done entirely by myself.
The plan is to convert the first floor and the attic. The attic will have a dormer and a loggia installed.
Now my question (which no one so far has been able to answer): What exactly is required to obtain a loan? Is a building drawing sufficient, or do I need to have a full project plan prepared by an engineer? What is important here, and what is not necessary? What kind of structural engineer do I need (or is one even required)?
I would appreciate any guidance on the general process. Also, I would like to know how long this usually takes.
PS: Of course, I want to avoid spending money unnecessarily on superfluous engineers, etc. I just want to get the essentials needed to secure the loan.
Thank you!
Bauexperte schrieb:
....If you believe you know everything better – as your last sentence suggests – why are you asking here? This is not uncommon; usually, people just seek confirmation of their own opinions. By the way, “connections” with acquaintances, relatives, etc., have already led to several “cooling-off phases” after the actual insight became apparent during practical application ;-) Best regards
Thank you for the many details.
So far, we haven’t changed the basic structure, so I don’t think a building permit or planning permission was necessarily required. Up to now, these are more like preparatory works, if you will. I can simply level and insulate my floor, can’t I?
I will check with the bank about that. I only asked here because I thought there might be general regulations or standard requirements that banks always need (regardless of which bank).
Regarding funding, I looked into it. There is a grant available for rural areas where you can get up to 30%. But that is not an option for us. The criteria were so strict from the start that even with a 30% waiver, the overall project costs would have been higher.
So far, we haven’t changed the basic structure, so I don’t think a building permit or planning permission was necessarily required. Up to now, these are more like preparatory works, if you will. I can simply level and insulate my floor, can’t I?
I will check with the bank about that. I only asked here because I thought there might be general regulations or standard requirements that banks always need (regardless of which bank).
Regarding funding, I looked into it. There is a grant available for rural areas where you can get up to 30%. But that is not an option for us. The criteria were so strict from the start that even with a 30% waiver, the overall project costs would have been higher.
TinaW schrieb:
... There is a subsidy for rural areas where you can receive up to 30%. But that is not an option for us. The requirements here were already so unreasonable from the start that even with a 30% waiver, the total cost of the project would have been higher. This is absolutely not uncommon; grants or subsidies are not given away for free, as many people assume. Usually, they act more like a "band-aid" to somewhat offset the disproportionately high investment costs. However, it is always important to consider the overall context: investment, subsidy, operating costs. This is much more complex (and time-consuming) than generally assumed. Sometimes receiving a subsidy does make sense, but fundamentally not in every case. It is worth taking a closer, more detailed look ;-) Best regards
As mentioned before, I have a carpenter friend and also a structural engineer in my network whom I consult.
The point is that I would need to hire an external structural engineer, which can be quite expensive. If I can avoid that cost, I will. Structural engineers are by no means unnecessary—that’s not what I meant. But if you don’t really need one, it’s worth considering.
The point is that I would need to hire an external structural engineer, which can be quite expensive. If I can avoid that cost, I will. Structural engineers are by no means unnecessary—that’s not what I meant. But if you don’t really need one, it’s worth considering.