How much money can i get? There is a loan of up to 50,000 euros, regardless of age. The terms are four to 30 years, the fixed interest rate is guaranteed for up to ten years. Felix van Well: “The interest rate is currently 0.78 percent, but that can of course change every day.” Those who do not take out a loan from the program can apply for a grant. KfW provides up to ten percent of the eligible costs, up to a maximum of 6250 euros, regardless of age, if you want to reduce barriers in the apartment and create more living comfort. In another program, there is a grant of up to 1,600 euros for measures to protect against break-ins, for owners and tenants. The investment grants are paid out as long as released federal funds are available.
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How do I get funding?
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The contact person is the house bank or another credit institute. Housing counseling centers also help with planning, and the police are the point of contact for improving burglary protection. Felix van Well: “The open conversation with the bank advisor is the best step to start.” The loan is handled by the credit institute, it is also the contractual partner. Everyone must apply for the grant directly from KfW.
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The time is important. You have to speak before the start of the construction work and get the applications off the ground. In addition, every euro must be supported by invoices. Felix van Well: “Your own work or that of private helpers are not eligible. Installation or retrofitting must be carried out by a specialist building company. ”The documents that are checked also include a specialist company certificate.
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What are the advantages of this program?
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Felix van Well: “It is really very interesting, especially for older people, because many measures are part of the program and the approval is age-independent.” But younger owners should also take a look at the program. When it comes to burglar protection, it can also include setting up smart home applications with an intruder alarm function.
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