Owners of a property should take care of the maintenance. This includes a variety of renovations, mandatory renovations and repairs. The maintenance costs are not cheap. There is also a monthly price for Hd. The property tax, garbage and sewage disposal, electricity and heating costs as well as insurance.
Homeowners should therefore make money z. Carry out repairs and renovations. As a rule of thumb, merge euros per square meter to save per month. In the context of a 90 m² apartment that would be 1,080 euros per year. This money should be invested in this means of this choice, because the older the house, the higher the price.
Unfortunately, the maintenance costs are often underestimated. If so, it can drop by that suddenly an unforeseeable renovation is pending. In this fruit core, the equity saved is usually insufficient. A loan is needed.
What loans are there?
1. Home loan
For the attention of the owner, there are special housing loans that z. Hd. The renovation, the purchase of furniture, the refurbishment or a repair can be used. The red thread is comparable to an installment loan; They have a flexible playing time, merge income-independent interest rate and merge unrestrictedly selectable payout date. The repayment can be made early in the form of a special repayment without incurring any follow-up costs. Financing is cheap with the home loan because the interest rates are low.
The housing loans, on the other hand, are not always suitable. Owners should only use them e.g. Use smaller amounts, as other home loans sometimes have lower interest rates. If z. For freelancers and the self-employed, that housing loan is only relatively suitable, as many banks require permanent employment. Furthermore, the homeowners should bring together proof of home ownership. In the framework of some financial institutions, the applicant must also be able to show a certain net income.
Who z. Hd. Merge home loan on the lookout, should merge in the network testify comparison. This way you can find the best offer and save money. Because the interest rates of those financial institutions are sometimes far in two.
2. Hypothekenkredit
Renovations can also be financed with a mortgage loan. Which effective interest rate is usually cheaper than a home loan? This mortgage loan is only worthwhile in the context of major renovations of a good 30,000 euros. Because applying for such a loan is time-consuming. Homeowners should secure the same type of loan with a land charge. In the pitfall of default, the credit institution can seize the property. The land charge must be entered in the land register. The price z. The homeowner should pay the land register, notary and valuation. In this respect, that mortgage loan is not advisable in the context of smaller renovation measures.
3. State support
State funding programs of the KfW credit institute are available to homeowners cheap loans to finance renovation work. The interest z. The same loans are still below those of a home loan. In some cases, the homeowners receive the merge repayment allowance. The programs are a nice incentive to invest in your own property. Even tenants can make use of that prop.
KfW only supports measures that make property more energy-efficient. This includes new windows and doors, the insulation, domed and storey ceilings as well as improvements to the heating system and ventilation system. An expert, whom the homeowners are supposed to pay, checks in advance whether the KfW criteria are met and whether the measure makes sense. It can be seen that the conveyor bank does not support the assembly of new windows if that wall is not insulated together. With regard to the furniture, the support is not designed. If so, the funding programs in that rule only apply z. Hd. Older properties. Special repayments are possible free of charge in the first ten years of that period; in the following, homeowners should expect the price.
Swell:
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