Explanatory video: Application for Baukindergeld

This means that only families who submit a building permit or purchase contract by December 31, 2020, can still receive Baukindergeld. Up to €12,000 is available per child over a period of ten years. Whether and how much Baukindergeld can be included in the financing depends on the owner’s income.

https://www.youtube.com/watch?v=BPcrbAaR0Fc

Here are the most important key points of the building allowance

KfW Loan: Effective Relief for Construction Financing

Would you like to renovate your home to make it more energy efficient or to make it suitable for the elderly? Then experts will find a suitable KfW loan on your behalf that will noticeably lower your total interest rate on a building or real estate loan.

• • What is a KfW loan?
  • Who gets a KfW credit?
  • How high are the interest rates at KfW?
  • When can I apply for a KfW loan?

Terms and Use

Financing your own home in two ways is a very practical and inexpensive option, as you always benefit from a KfW loan and choose the best interest rate within your mortgage.

5 and 10 year Terms

A KfW loan is a annuity loan that is designed like a classic construction loan in its components. Depending on the support program, the KfW loan can run between 5 and 10 years and convince you with a fixed debit interest rate. If the financing interest rate rises within this period, your KfW loan is not affected by this change.

You can make your construction financing economically more efficient by financing the highest possible amount via the KfW and in return reduce your actual construction financing amount.

Support Program has 3 Advantages

Depending on the support program, a KfW loan has three basic advantages. You receive an unbeatably low interest rate, benefit from graceful start-up years and from grants that you receive as part of a grant and do not have to repay. Especially the initial phase of a loan repayment requires you to make a major change with a noticeable additional financial burden.

While you have to repay the construction financing from the first month of the term, you can benefit from one to five years of repayment freedom with a KfW loan. You only start paying off the loan after the initial term has expired and then pay the monthly constant installment at the favorable interest rate. Keep in mind that the monthly installment increases from the 4th year of repayment.

Interest far below the interest rate of the Building Loan

Nevertheless, a KfW loan is always worthwhile because the interest rate is far below the interest rate of the building loan and because you benefit from innovative support programs with redemption-free subsidies.

When and for Whom is a KfW loan Suitable?

When deciding on a KfW loan, you should not only be aware of the advantageous special features but also of the additional factors that need to be taken into account. You do not apply for a KfW loan directly at the “Kreditanstalt für Wiederaufbau”, but at an onlending bank (“durchleitende Bank”). For KfW loans of more than 30,000 euros, the bank making the transfer makes an entry in the land register. In the case of lower subsidies, the entry in the land register is not made in principle.

Carry out Follow-up Financing

In addition to the initial financing with the additional module of the KfW promotion, you have the possibility to make your follow-up financing with a KfW loan. With a KfW loan, you ultimately always decide to finance your property with two different loans that are separate from each other but still build on each other.

The complexity of a professional construction financing tailored to your needs and the best conditions should not be underestimated.

Tip! KfW loan for Modern Heating System

Did you know? Example: oil heating. Here, the KfW Bank promotes individual measures with its program 152, which result in higher energy efficiency and a reduction of energy costs. Not only the replacement of the oil heating system is thus promoted, but also the installation of highly efficient circulation pumps and a circulation pump.

Extras are also available for solar systems. Within the range of in and two-family houses a lump sum for the building of a solar plant of 2.000 euro can be requested, which serve both for the water heating and for the heater support. This flat rate applies to solar systems up to 14 square meters. With a size of 15 to 40 square meters 140 euro per square meter are granted at gross collector surface.

• KfW loan for modern heating system

Please note, this article is written with a focus toward the German market, but very similar rules apply everywhere.

Timber House – Sustainable, Cheap & Comfortable Living

Due to the advantages and the cozy aura, the wooden house has established itself throughout Germany and is appreciated by many families. With the timber house one differentiates generally between three building types. The classic is the log house, closely followed by the Umgebindehaus and the timber panel house. Only the log house is a pure timber house, while the other two house types are only made of wood in the basic framework and the interior fittings and wall surfaces are made of stone or composite materials. As a living material, wood is very maintenance-intensive and must be regularly protected against the weather. Nevertheless, a wooden house can be a feel-good oasis, which convinces both optically, haptically and in feeling.

1. Log Cabin
2. Container House
3. Wooden Panel House

What Advantages do Wooden Houses Have?

The biggest advantage of wooden houses is the independence from ground conditions. Due to the lower weight of the building materials, you can build practically anywhere with wood, whereas a massive stone house makes higher demands on the static conditions. A short construction phase and the completely free planning, if you do not buy the timber house as a prefabricated house, prove likewise as advantages of a real estate from the natural raw material.

Long drying processes during the construction phase are eliminated and the house can be occupied just a few months after the first stroke on the drawing board. In terms of environmental protection and energy efficiency, wooden houses are an ecological choice made with nature. Since wood is a heat-storing material, your heating costs will be significantly reduced and are far below the consumption in a solid house. In the summer months, it is pleasantly cool in a wooden house and in the cold season the heat stays inside the house, while the cold from outside cannot penetrate through the wood. Timber houses develop practically no house dust, whereby they are particularly suitable for Allergiker and provide for an increase of the well-being in closed areas.

In the building and renovation costs timber houses lie clearly under massif houses, so that you make a favorable and easily financeable decision. With a timber house you refer an energy-efficient and cosy real estate. Conversions with inventory real estates are by far simpler than with massif houses, since wood can be worked on easily and co-ordinated in such a way with your requirement. Due to the energy efficiency, you save money with a wooden house and can halve the previous heating costs. If you want to finance the property, energy efficiency has a positive effect on your options. For example, you can use split financing.

High-rise buildings made of wood? Actually there is such a thing!

Does a Wooden House have Disadvantages?

The advantages and disadvantages of wooden houses are close together. Since wood is a natural material, you have to consider that the material works. Especially when laying cables and pipes, the mobility of the material must be calculated and included as compensation. In order to make the material weather-resistant and avoid moisture in the wood, regular painting and impregnation of the outer walls is necessary.

If you prefer a quiet, silent house, a wooden house is not necessarily suitable. When the weather changes, the material creaks and especially in the cold season you can assume that it cracks more often in a wooden house. If you are willing to protect your wooden house regularly from weather and moisture and feel the smell of wood pleasantly, there is no disadvantage in your decision for a wooden house.

How does the Value Retention of a Wooden House Work?

Wooden houses are among the properties with particularly high value retention. According to professional valuation, the lifespan of modern houses in wooden construction is 150 to 200 years and is therefore in no way inferior to a massive house made of stone. Also with banks timber houses are in the focus in the financing, since the lender pays attention explicitly to the quality assurance and the longevity of the financed real estate.

Timber construction will continue to establish itself in the future and replace the massive construction method in the long term. It has also been proven that a timber house does not have a higher fire risk than a massive construction. All these factors, as well as the longevity of the natural material ensure a high value retention and distinguish timber houses as a forward-looking decision.

If you would like to buy and finance a timber house, you should not do without a market value determination. This does not only serve the lender as a basis for the loan, but excludes that you pay an excessive price for your real estate. In a modern timber house you profit from optimal sound insulation, which also has a positive effect on the market value and thus on the value retention of the property. Who already thinks about the possible resale value when buying a house, is very well advised with a wooden house. With optimal care of the wood a depreciation is practically impossible, so that you can sell a timber house at a high offer price and be pleased about a positive market value determination. The value preservation with real estates from wood is based also on the fact that a timber house practically does not mold and belongs to the objects, where humidity in the external walls is not to be feared. In order to maintain this condition and to ensure the long life of the building material, your wooden house needs a new exterior paint coat every two to four years.

Timber houses in Scandinavian style: A NewTrend

Block plank houses and timber houses in the Scandinavian Design belong up-to-date to the real estates rising in popularity. Whether in classical red or in white: The timber construction from Norway, Sweden and Finland or Denmark has established itself in Germany. The characteristic of Scandinavian timber houses is based on the natural design in the interior. While the façade is treated against external influences, the interior finishing is usually kept in natural wood.

With the Scandinavian timber house, wall coverings with wallpaper or plaster are completely avoided, so that the rooms inspire with a very homely, warm and harmonious aura. Stylistically no borders are set to the own desires to the Scandinavian house, since it is built single-storey and multi-storey, with a flat or a pointed roof.

For some years now, more and more owners have been opting for a log house made of wood and are orienting themselves towards our Nordic neighbors in the design of their property. In Scandinavia, building is done on any type of ground. Timber houses can be built on mountain slopes, on rocks and on loose ground in equal measure. Also that is a reason, why Scandinavian timber houses are to be found ever more frequently also in Germany. Despite their low weight, wooden houses are stable and weatherproof. In the front and interior design they offer endless possibilities to live out your creativity and still not to cancel the charming effect of wood.

Real estate as capital investment: special

1. Part: Classical or exotic investment – Which real estate is suitable as capital investment?
2. Part: Real estate as capital investment – What do I have to pay attention to?

Contact for wooden houses!

Are you interested in a wooden house? Then we at Lukinski offer you professional advice and support you in making your dream of a house made of the natural raw material wood come true. There are many advantages that you will get by choosing the wooden construction method and that will have a positive effect on your quality of life and well-being.

Since wooden houses have a long life span and thus a high value retention, you make a decision that will provide you with advantages in the future as well. Would you like to finance your dream house made of wood? As experienced real estate agents and financial advisors, we at Lukinski are the right people to talk to. We will accompany you from the idea to the realization of your wooden house and help you on the way to your own four walls.

Roof renovation – Roof renovation refers to the repair of a roof in terms of thermal insulation and waterproofing. Often the roof renovation is carried out as soon as minor damage, such as loose or loose tiles, are noticed. In exceptions and in the case of larger damages, a complete new covering of the roof is also carried out. For this purpose, above-rafter insulation is often used, which is attached to the roof truss over the entire surface. If there is a desire for photovoltaics on the roof, it is a good idea to plan a system as part of a roof renovation.

Requirements & possibilities

However, before starting the renovation, the craftsman looks at the exact structure of the house. It is looked whether it is an old building, new building, with flat roof or pitched roof. Then the options are discussed with the owner of the property and the duration of the work is planned. If they happen to be a roofer themselves, or are very handy, they can also do the roof renovation themselves. In any case, the last step before the actual renovation is to obtain the necessary building permits.

Costs, promotion & free photovoltaic system

The costs of a roof renovation are calculated from the material costs and the personnel costs for architects and craftsmen. Depending on the type of roof renovation, there is the possibility of receiving a grant of 10% from the KFW or a subsidy in the form of a particularly favorable loan. Compare rates: mortgage comparison. There is also the option to receive a completely free roof renovation. After the total costs are determined, the exact costs per square meter can be calculated. To do this, they must apply to a photovoltaic power producer and then receive in the best case a free roof renovation, including installation and lease income for the provision of their roof.

Roof renovation at a glance

• Repair, thermal insulation and waterproofing of the roof
• Full-surface insulation with above-rafter insulation
• Analysis: old building, new building, flat roof or pitched roof
• Do it yourself – only with craftsman expertise
• Building permits are necessary
• KFW subsidy 10% or favourable loan
• Free roof renovation with photovoltaic system & lease possible

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KfW at a glance: Improving domestic conditions

• Abbreviation for Kreditanstalt für Wiederaufbau (Reconstruction Loan Corporation)
• Institution under public law and largest national promotional bank
• Objective: to improve social, economic and environmental conditions in Germany

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