Whether energy-efficient refurbishment, barrier-free conversion or new windows - modernizations increase the value and comfort of a property, but are often associated with high costs. Owners should therefore consider at an early stage how such measures can be soundly financed. Depending on the scope of the project, various models are available - from low-cost subsidized loans to flexible modernization loans.
Using subsidies
Many refurbishment measures are subsidized by the state - for example by KfW or BAFA. Whether insulation, heating replacement or renewable energies: Low-interest loans or direct grants are available for energy-efficient investments. If you plan early and observe the funding conditions, you can save several thousand euros. Important: The subsidy usually has to be applied for before the measure begins.
Modernization loan or refinancing?
For smaller projects up to around EUR 50,000, banks offer special modernization loans - often without an entry in the land register, but with slightly higher interest rates. For larger investments, additional financing via the existing property loan can make sense - but only if there is room for lending. Home loan and savings contracts can also serve as a financing component - especially for long-term planning.
Pay attention to the overall calculation
It is not only the financing itself that is important, but also the integration of the measure into the overall budget. Owners should calculate costs realistically, compare offers and plan for reserves. Planning ahead protects against bottlenecks - and ensures a sustainable increase in the value of the property.
Conclusion
Smart financing is the key to successful modernization. Owners who make use of subsidies, compare offers and plan individually create the basis for a property with a stable value and a secure future.
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