Hello everyone,
In a new development area, the municipality is selling plots for semi-detached houses. One of the requirements for applying for such a plot is a financing confirmation. From my understanding, a bank’s financing confirmation requires, among other things, details about the specific plot and the building project, including prices. Since the building project here is a semi-detached house, I wonder how one can provide such details without having spoken to the future neighbor of the second semi-detached unit, as the allocation has not yet taken place?
Do you first choose your preferred semi-detached house type on your own and use the information of the desired unit for the financing confirmation? How does the process usually work after the allocation of the plots? Do the two neighbors then sit down together to choose a semi-detached house? Their ideas could be completely different. So, do they already have to “match” in some way? What are your experiences?
Furthermore, the semi-detached house must comply with the requirements of the zoning plan (building permit / planning permission). So, these requirements must be provided to the semi-detached house providers at the beginning, right? Do they then check themselves whether their offer complies with the zoning plan, or is this the responsibility of the client (the homeowner)?
Based on these questions, it might be clear that I have no experience in this area yet. Thank you for your clarification.
In a new development area, the municipality is selling plots for semi-detached houses. One of the requirements for applying for such a plot is a financing confirmation. From my understanding, a bank’s financing confirmation requires, among other things, details about the specific plot and the building project, including prices. Since the building project here is a semi-detached house, I wonder how one can provide such details without having spoken to the future neighbor of the second semi-detached unit, as the allocation has not yet taken place?
Do you first choose your preferred semi-detached house type on your own and use the information of the desired unit for the financing confirmation? How does the process usually work after the allocation of the plots? Do the two neighbors then sit down together to choose a semi-detached house? Their ideas could be completely different. So, do they already have to “match” in some way? What are your experiences?
Furthermore, the semi-detached house must comply with the requirements of the zoning plan (building permit / planning permission). So, these requirements must be provided to the semi-detached house providers at the beginning, right? Do they then check themselves whether their offer complies with the zoning plan, or is this the responsibility of the client (the homeowner)?
Based on these questions, it might be clear that I have no experience in this area yet. Thank you for your clarification.
Tolentino schrieb:
I once encountered this in a construction project I was interested in. All projects had to be financed through the environmental bank, which required 30% equity. But that was back in 2013 or so. Bank obligations can exist, similar to developer commitments—but even then, a joint financing application is not submitted. Semi-detached house partners are not partners in a legal sense, do not form a partnership or anything similar. If I build or buy one half of a semi-detached house, my neighbor and I do not know each other’s financial information, and neither of us is considered together in any credit check. So the original poster can safely assume that the bank will not count their half twice.
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Additional notes regarding the other comments:
The bank handles this regularly. They know what needs to be done.
However, you should roughly estimate your costs; see the building costs subforum for guidance.
That is irrelevant for now.
Semi-detached houses don’t always have to match perfectly. In theory, even a modern flat-roofed house can be built next to a traditional hipped-roof house—the key point is the shared boundary wall. Sometimes only the garages are connected in the middle.
The zoning plan is the bible for builders.
So first, just relax after you’ve done a proper cost calculation.
hanspeter1 schrieb:
As I understand it, a bank’s financing confirmation requires, among other things, information about the specific plot of land and building project, including prices.
The bank handles this regularly. They know what needs to be done.
However, you should roughly estimate your costs; see the building costs subforum for guidance.
hanspeter1 schrieb:
Since the building project is a semi-detached house, I wonder how you can provide details without having spoken to the future neighbor of the second semi-detached house, as the allocation has not yet taken place?
That is irrelevant for now.
hanspeter1 schrieb:
Expectations can be very different. You have to more or less “fit together” already, right? What are your experiences?
Semi-detached houses don’t always have to match perfectly. In theory, even a modern flat-roofed house can be built next to a traditional hipped-roof house—the key point is the shared boundary wall. Sometimes only the garages are connected in the middle.
hanspeter1 schrieb:
Compliance with the zoning plan. So it’s correct that this should be provided to the semi-detached house providers at the beginning?
The zoning plan is the bible for builders.
So first, just relax after you’ve done a proper cost calculation.