Whether energy-efficient refurbishment, new windows or a barrier-free conversion - modernization measures can significantly increase the value of a property, but often cost more than expected. To ensure that the financial burden does not become a stumbling block, owners should consider various financing options. In addition to traditional bank loans, there are attractive subsidy programs that can help save money.
Plan refurbishment strategically
Before the financing is arranged, the measures should be planned in detail. Which work is essential and which is optional? Are there any legal requirements (e.g. when changing the heating system)? What is the time frame? A precise overview helps to better compare offers and set realistic costs - often including a buffer for unforeseen items.
What financing options are available?
A modernization loan, which is not entered in the land register and can be approved comparatively quickly, is often sufficient for smaller measures. For larger renovations, it makes sense to take out an earmarked real estate loan that is secured by the property. If you already have a current loan, you should check whether special repayments can be made or an additional loan module can be added.
Clever combination of funding programs
Government subsidies are an important building block. The KfW Bank offers low-interest loans and repayment grants for energy-efficient renovations. BAFA grants are also available for replacing heating systems or insulation measures. Some federal states and local authorities have their own programs. If you combine various subsidies, you can save several thousand euros - but you must coordinate the application and measures carefully.
Conclusion
With the right strategy, modernization costs can be financed intelligently. Owners who take advantage of comprehensive advice and funding opportunities not only improve their quality of living, but also increase the value of their property in the long term - with a manageable financial risk.
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