Hello,
My husband and I are currently planning a house build. We would like to arrange everything so that all the paperwork (building permit / planning permission, etc.) is completed by next spring, and construction can start then.
However, I’m not quite sure which step we should take first.
We have a very clear idea of the house we want, including the floor plan, and we’ve already checked if this is possible under the local development plan. We also know which builder we would like to work with.
My thought was to contact this company, explain what we want to build, and ask them for a quote. We will also do a lot of the work ourselves (my husband is an electrician and we can complete almost the entire interior fit-out, heating, etc., as part of our own contribution).
After that, we would take the quote to an independent financier to help us find a suitable bank for funding.
We even already have a plot of land that we would like to reserve until the financing is arranged.
Do you think this approach is okay? Or is it necessary to go to the bank first?
I would really appreciate any advice!
Best regards
My husband and I are currently planning a house build. We would like to arrange everything so that all the paperwork (building permit / planning permission, etc.) is completed by next spring, and construction can start then.
However, I’m not quite sure which step we should take first.
We have a very clear idea of the house we want, including the floor plan, and we’ve already checked if this is possible under the local development plan. We also know which builder we would like to work with.
My thought was to contact this company, explain what we want to build, and ask them for a quote. We will also do a lot of the work ourselves (my husband is an electrician and we can complete almost the entire interior fit-out, heating, etc., as part of our own contribution).
After that, we would take the quote to an independent financier to help us find a suitable bank for funding.
We even already have a plot of land that we would like to reserve until the financing is arranged.
Do you think this approach is okay? Or is it necessary to go to the bank first?
I would really appreciate any advice!
Best regards
I would first go to the bank to find out what you can actually afford. Basically, a financial assessment. This can also be done with a financial advisor.
What’s the point of having everything planned if you don’t have enough money? Once you know whether a loan is possible and what it will cost you, you can request quotes. Don’t forget additional building costs (building permit/planning permission fees, inspections, etc.)...!!!
If both are in order, finalize the financing and you’re good to go.
Be sure to include a contingency buffer and don’t overestimate the potential of your own labor. Materials and tools also need to be purchased or borrowed. Additionally, it usually takes longer if you do the work yourself.
What’s the point of having everything planned if you don’t have enough money? Once you know whether a loan is possible and what it will cost you, you can request quotes. Don’t forget additional building costs (building permit/planning permission fees, inspections, etc.)...!!!
If both are in order, finalize the financing and you’re good to go.
Be sure to include a contingency buffer and don’t overestimate the potential of your own labor. Materials and tools also need to be purchased or borrowed. Additionally, it usually takes longer if you do the work yourself.
If your plot of land is already secured (this can take time if it still needs to be connected to utilities), the next step is to visit the bank.
At the same time, you need to obtain permits (building permit / planning permission). However, if you hire a construction company, they often handle this process for you.
At the same time, you need to obtain permits (building permit / planning permission). However, if you hire a construction company, they often handle this process for you.