Finally, I received my start message.
There is at least one bank in Sweden who looked at things objectively and was able to provide byggnadskreditiv (building credit).
Previous articles at
- My house build journey : Location
- My house build journey : Design
- My house build journey : Building permit
- My house build journey : Technical Consultation
- My house build journey : Stalled by Bank Bureaucracy
I sent them my produktionskalkyl (production cost calculations) which includes the cost breakdown of everything from downpayment, buffers, contract amounts for all the work and explained the build process a bit and waited with crossed fingers 🤞. They came back with a positive response and gave a lånelöfte (loan promise). After this step there was förhandsvärdering (pre-evaluation). The bank or their partner real estate broker analyse the property and come up with how much it is worth. I had to send more details such as neighbourhood map, site map, construction drawings, approved building permit. The pre-evaluation result should be closely comparable to my production cost calculations. I had my fingers crossed again🤞 . It took about 2 weeks but finally got a positive answer on this as well. It matched my production cost calculation but they included even my buffer costs but that is ok. The challenge will be to keep it under the budget.
Förhandsvärdering approval is an essential step because only after that I was able to actually sign the contracts and mutually commit. I updated my CLT contractor and we discussed on what date could be suitable for installation and few other things. There were some minor adjustments in the contract wordings that had to be done. Signed the contract with CLT frame installer. It is set to be installed in the week 50. Oh and btw, we signed it digitally using BankID through Kivra. I like to keep things in digital format and I was looking for some online service to sign contracts. Some were paid ones but Kivra had a free service. I asked my CLT contractor if we could sign using that and he gladly accepted (Vi provar. Spännande!).
As I mentioned in the previous post, that the municipality also needed a färdigställandeskydd (completion insurance) for the frame part of the house build. And to be able to completion insurance, I needed a signed contract which was now available.
I sent in the completion insurance to municipality and got the StartBesked (StartMessage), which is an official go ahead to start the construction.
I had to send the StartBesked to the bank and also had to get another insurance which covers for fire, stealth etc under the build period. A lot of bank papers to sign and byggnadskreditiv account has been setup now.
Meanwhile I have also signed the contract for foundation. This one I had to sign in the old ways (i.e paper format) But will scan and keep it.
Hired a company for fortlöpande besiktning (Continuous inspection). After each checkpoint in a contractors work, the besiktningsman (inspector) will check if the work was done according to contract and standards.
Before the excavation work can start, grov utstakning (rough demarcation) is done. As I mentioned in earlier articles, this is usually carried out by the municipality or a partner that usually works with municipality. It was done on Tuesday (2020–09–29). A person came with some geo measurement machines (they mark the boundary digitally and it beeps accordingly for each boundary corner), marked out boundary and put some sticks.
After excavation , he will also be making a fin utstakning (fine demarcation), where exactly the foundation corners will be, and will also precisely mark out height of the finished foundation slab. Everything is up to mm precision. He also discovered a small error in my situationsplan which I have corrected and updated.
Hopefully excavation work will begin next week and the build picks up momentum. The foundation, scaffolding, electricity needs to be ready by week 50 for the CLT frame installation. Given that it is already autumn, the weather will be a challenge. But let’s see how it goes.
Now that there will be more visual content, I am planning to post some videos and photos on YouTube and Instagram. If you would like to follow, links are below
YouTube channel at My House Build Journey playlist
Instagram account at Villa Shailesh
I have also requested for an extension for final inspection date from the municipality. Let us see what happens.
Status at the time this article was first published.
Days left for final inspection: 181 days