New Construction Project Planner
Get complete insight into the timeline, cashflow, and financial risks of your new construction project. Plan smart and avoid surprises.
New Construction Project Planner
Plan your new construction project financially
Your current rent or mortgage payment. During construction, you'll pay both these costs and the construction interest.
A bridge mortgage can help finance the down payment if you need to sell your current home first. This temporarily covers the gap between buying the new construction and selling your current property.
NHG provides a safety net for both you and the lender. You pay a one-time fee of 0.4% of the mortgage amount but benefit from a lower interest rate (typically 0.2-0.3% discount). Only available for properties up to €470,000.
During construction you only pay interest, not principal repayment. This reduces your monthly costs during the construction period.
The land portion is often paid separately and earlier than the building costs.
Used to calculate tax benefits from mortgage interest deduction.
Buyer Protection & Deposit
For new construction, you typically pay a deposit (waarborgsom) and need buyer protection. These costs are included in the purchase costs.
Buyer protection ensures your deposit is returned if the builder does not deliver. Required by law for new construction projects.
Subsidies & Grants
Some municipalities offer starter loans to help first-time buyers. Check with your local municipality.
Subsidies for sustainable energy solutions like heat pumps, solar panels, or insulation.
Scenario Analysis
Total Investment
€ 74.520
- Monthly Cost (Gross)
- € 1.295
- Monthly Cost (Net) (After tax deduction)
- € 895
- Calculated Buffer
- € 13.600
Insurance During Construction
Construction site insurance covers damage during construction. Building insurance is required from the moment the roof is on.
Tax Benefits
Mortgage interest is tax deductible. The actual benefit depends on your income and tax bracket.
Adjust the duration of each construction phase to match your project timeline. Total construction time: 12 months
Purchase & Signing
1 monthsFoundation
2 monthsShell Construction
4 monthsFinishing
3 monthsDelivery
2 months- Cumulative Costs
Cost Breakdown
Additional Work
Additional work increases total costs
Double Housing Costs
Housing costs increase during construction
Buffer Calculation
Based on the entered values, a buffer of € 13.600 is calculated. This calculation includes potential additional work, possible delays, and unforeseen costs during construction.
Before Signing
- Arrange mortgage pre-approval
- Review construction plan and specifications
- Arrange building inspection during key phases
- Arrange construction guarantee or bank guarantee
- Arrange buyer protection (koopbescherming)
During Construction (month 0-3)
- Review foundation and groundwork
- Finalize choices for tiles, floors, kitchen
- Plan additional work with builder
- Arrange final mortgage approval
During Construction (month 4-8)
- Review shell construction and roof
- Arrange utilities (water, electricity, gas)
- Plan moving date
- Arrange home insurance
Before Delivery
- Schedule preliminary inspection
- Create punch list
- Arrange final inspection with inspector
- Arrange mortgage activation
- Cancel current rental
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About the New Construction Planner
Buying a newly built home is an exciting but complex process. Unlike buying an existing home, you have to deal with a construction period during which you often still have to pay rent or mortgage on your current home. This new construction planner helps you plan and budget for this period.
What Does the Planner Calculate?
- Monthly cashflow: See exactly how much you need to pay each month during construction
- Total investment: The total amount you need including down payment, purchase costs, and construction interest
- Double housing costs: Calculate the extra costs of paying for both current and new housing
- Impact of delays: See how construction delays affect your costs
- Additional work costs: Plan for additional work and customizations
Important Cost Items
When buying a new construction property, you have to deal with several cost items that you might not immediately think of:
- Bank guarantee: Usually 1% of the purchase price, required if the builder does not have construction guarantee
- Construction interest: During construction you pay interest on the mortgage amount, often slightly higher than regular mortgage interest
- Construction depot: One-time cost for managing the mortgage during construction
- Additional work: Extra costs for customizations and additions beyond the standard specifications
Tips for New Construction Buyers
- Build in a financial buffer of at least 3 months extra housing costs for possible delays
- Consider construction supervision to check quality during construction
- Make choices for additional work early to avoid unexpected costs
- Check if the builder has construction guarantee or if you need to arrange a bank guarantee
- Plan the termination of your current rental well in advance, taking possible delays into account
Note: This planner gives an indication of costs and risks. The actual costs may vary. Always consult with a mortgage advisor and your builder for specific advice tailored to your situation.