The dimensioned floor plan as the foundation for every property

Real estate is often not purchased entirely from existing assets, but financed through a bank loan. In order for the bank to grant the necessary loan, a current floor plan is often required. Usually, banks require a dimensioned floor plan for this purpose. In contrast to the visually optimized floor plan from the exposé, a dimensioned floor plan is drawn more accurately and provided with the necessary dimension chains. However, it is still easier to read than the original floor plan created by an architect when the property was built. This is because old construction drawings are often no longer legible.

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Regardless of the type of floor plan available for a property, the ultimate goal is to make the property attractive to buyers. Sellers and real estate agents therefore usually have a floor plan created that is optimized in terms of graphics and sales psychology. The floor plan matches the property and the corporate design of the exposé and looks high-quality. However, prospective buyers may only have a hand-drawn sketch, an old copy from the construction file, or something that an architect once drew. These contain a lot of information that makes the floor plan difficult to read and completely uninteresting to the credit institution. In addition, banks have to rely on the documents and therefore attach particular importance to the data being up to date. Banks require floor plans with clear dimensions – and a dimensioned floor plan provides these in an easy-to-read format. Grundriss Schmiede is one of the leading service providers in the field of floor plan optimization. The company's experts have many years of professional experience and a high level of technical expertise. And experience shows that banks are increasingly requiring real estate buyers to provide a dimensioned floor plan with their loan application. Unfortunately, a simple floor plan is no longer sufficient in this case. Grundriss Schmiede is extremely user-friendly: if a dimensioned floor plan is required, everything is done automatically via a website. No one has to go to an office, negotiate with draftsmen, wait weeks for a draft, approve the hand-drawn sketch, and then pick up the computer-generated copy. Even a dimensioned floor plan is created and delivered within 24 hours.

Of course, a dimensioned floor plan is not everything. Construction financing or real estate financing is calculated in detail—and various parameters play a decisive role in this. A distinction is made between documents relating to creditworthiness, documents relating to construction loans and payment obligations, and documents relating to the property itself. To determine creditworthiness, the bank often requires a fully completed loan application form. Employees must also submit their pay slips for the last three months. The most recent income tax assessment is also required. If necessary, a pension statement or a current pension calculation may also be requested. Freelancers and self-employed persons who do not prepare balance sheets, on the other hand, must submit their current sales figures with a signature. In addition, the signed income surplus calculations for the past three years as well as the income tax assessments and returns for the last three years are required. At least some of these documents can be provided by the tax advisor. If self-employed persons are subject to auditing, a current business analysis signed by the tax advisor is required. The balance sheets for the last three years must be submitted, as well as the income tax assessments and returns for the last three years. Civil servants, pensioners, and retirees, on the other hand, need their most recent pay slips or pension statements. Proof of income for the last three months can be provided in the form of bank statements, and banks also require the most recent income tax assessment. Civil servants and those with voluntary health insurance must also provide proof of health insurance and long-term care insurance. In addition, proof of equity capital must be provided. And, of course, all borrowers must provide proof of identity. For this purpose, a copy of their identity card or passport must be submitted.

For single-family homes as well as multi-family homes, construction plans and a building description are required, the enclosed space must be calculated, and the living and usable space must be listed in full. Architects or developers usually have these documents available. The purchase agreement for the property should be submitted, or at least the draft agreement initially. A current land register extract is also required. If apartments in the property are rented out, banks usually also want to see the existing rental agreements. A certified extract from the land register is just as important for the bank's documentation as current photographs of the property and a current cadastral map. And, of course, a dimensioned floor plan is always required. In addition to the layout of the living space and other drawings, a dimensioned floor plan usually contains three dimension chains per page. The drawing is not only detailed. A dimensioned floor plan is also absolutely correct—down to the last detail. And, of course, a dimensioned floor plan is always created in black and white. Since a dimensioned floor plan is not only accurate but also very easy to read, it simplifies negotiations with the bank.