Plenty of money from the states for builders, home buyers, and renovators. With favorable development loans and grants, they can save many thousands of euros, provided they meet certain conditions.
Reichlich money there from the state for building owners, home buyers, and renovators. With favorable development loans and grants, they can save many thousands of euros, provided they meet certain conditions. Finanztest information on key programs.
Since November 2008, there is the Riester subsidy for homeowners. Anyone who has bought or his house or his apartment after 2007 built, will receive the same allowances and tax benefits as for a conventional Riester savings contract for the repayment of its loan.
Puts a homeowner annually at least 4 percent of its gross income, a maximum of 2,100 euros, in the repayment of its loan Riester, he will receive 154 euro basic allowance per year. There is also 185 euro allowance per child. For children who were born after 31 December 2007, the amount increased to 300 euros. The repayment of up to 2,100 euros a year can tax deduct as special expenses also.
Requirements for Riester subsidies are:
– homeowners who reside in the property,
– pay the loan no later than 68 years back,
– the loan agreement was certified by the Federal Office for Financial Services.
Of retirement age, the amounts funded must be taxed. As long as homeowners but not pay much higher interest rates for the Riester loans than for a conventional loan, they have a clear advantage: allowances, tax benefits, and interest savings through faster repayment have until retirement add up to more than 50,000 euros.
KfW loans for builders and buyers
Loans from the KfW development bank (are unbeatable favorable KfW ) in the program “Energy efficient building”. The development bank is financing the construction or purchase of an energy-saving building stretch with a loan of up to 50,000 euros. The effective interest rates for this lie partly below 3 percent.
With its Home Ownership Program, KfW promotes the construction or purchase of owner-occupied properties – regardless of energy efficiency and design. For this, it provides a loan up to 30 percent of total costs or a maximum of 100,000 euros.
Although the interest rates are not currently much cheaper than for an average bank loan. For this, some banks treat the KfW loan as equity of the mortgage lender. Slips by the financing sum less than 60 percent of the property value, the bank’s customers get the conventional loans for Berzins (Current Conditions see infographic).
Programs of the provinces, municipalities, and churches.
Almost all of them awarded loans or grants for home – but often only to families with children. The means for a year exhausted, new applicants, get nothing. For almost, all funding income limits apply.
Chances of promotion have countries but by no means only low earners. Localities also support families with children – for instance with construction grants or subsidized building sites. Churches provide land leasehold often with children discount available.
Loans for modernizers
KfW promotes its programs “renovate energy efficient” and “modernize housing” almost all measures for the rehabilitation and modernization of residential property. The better for the environment, the lower the interest rate calculated KfW.
Since April 1, improved funding conditions apply, especially in energy-saving measures in buildings. The maximum loan amount is now in the program “Energy efficient renovate” at 75,000 euros. The purchase of a newly renovated property is promoted.
There is also this loan the same for all residential buildings whose building application was made prior to 1995. Who wants to install in his own home solar panels, pellet or about heat pumps or can best inform the authorized energy adviser before restoration, it also receives grants from the Federal Office of Economics and Export Control (Bafa).
The tax benefit for monuments
Who renovated the property, which is a listed building or is in a redevelopment area, receives a high tax funding. For ten years the tax office recognizes both 9 percent of the remediation costs at as special expenses. The work may not begin until after the purchase is concluded.
Plan. Inquire early for funding. In general, you must follow the correct order: can approve funding until then build, buy or modernize. Those who start too early with the construction, purchase or modernization of his own home, gets nothing.
Combine. You can often combine several promotions. Example: You want to buy an old house and renovate. Then you can also borrow from the Home Ownership and modernization programs of the KfW beside Riester loans. Maybe we are still funding the federal state or the city.
Monuments. Enter the tax-funded renovation of your property as a special edition in your income tax return. For the tax benefit a number of rules to follow. Get help from a tax adviser.