Existing properties are up to € 180,000 cheaper
Existing properties are a quick and easy solution: you look at different properties and ultimately decide on the house where everything is right. At first glance, that means fewer pitfalls.
A Search for Immobilienportals „Immowelt“
recently revealed that there is a clear price difference between existing properties and new buildings. For an 80 square meter apartment, the surcharge for new buildings is up to € 180,000. The basis of the research was a property price analysis in the 14 largest German cities. The lowest price differences were recorded in Cologne and Dortmund at 91,400 euros and 95,700 euros, respectively.
Existing properties are therefore fundamentally cheaper than comparable new buildings. If they are also in good condition, buying them can often save a lot of money. New buildings, on the other hand, promise long-term planning security and lower maintenance costs.
Subsidies for homes in North Rhine-Westphalia
NRW and many other federal states lure with lucrative subsidies that make the desire for a home more tangible for many people. Since subsidies are part of the equity, they can be an important component in the financing of the property.
NRW.BANK, for example, usually supports those eligible to apply in the form of particularly low-cost loans, which are intended to facilitate the construction or acquisition of owner-occupied residential property. The ” Property promotion
“Is aimed at families with at least one child and consists of a basic grant between 60,000 and 110,000 euros and offers an additional” family bonus “of up to 15,000 euros per child. In addition, any financing gaps should be covered by supplementary loans. Families with a severely disabled child can also be granted a severely disabled loan.
Applications for funding can be sent directly to NRW-Bank
be asked. There is also an “opportunity checker” with which applicants can check their eligibility for funding.
Important: The state’s current funding program expires in 2022. Interested parties should therefore submit their application this year.
Further funding programs that make home ownership more affordable
Nationwide funding programs are mostly handled by KfW. Many funding programs apply to the Acquisition or construction of particularly energy-efficient apartments and houses
. They are particularly lucrative for new buildings and first-time occupancies.
For example, the KfW 153 “Energy Efficiency Building” loan supports the construction or purchase of a KfW Efficiency House. Many new buildings already meet this standard and can therefore be funded. Each apartment is entitled to a promotional loan of 120,000 euros. In addition, there is a repayment subsidy that depends on the energy efficiency of the subsidized property.
The construction or acquisition of a home that is not necessarily energy-efficient is funded through KfW Loan 123. There, those eligible for funding receive up to 100,000 euros as a low-interest loan. Families can also benefit from Baukindergeld (grant-424). That promises a grant of up to 12,000 euros per child.
It is important to know that individual KfW funding programs can usually be combined with one another. Future homeowners may benefit twice as much!
Compare and weigh options
Both new buildings and existing properties have their advantages and disadvantages. The large number of subsidies in particular often creates confusion among potential home buyers. In principle, it is advisable to research funding programs yourself and to compare new buildings with existing buildings in your own region. With this knowledge in hand, you should then seek good advice.
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