Community construction and promotion or a collection full of KfW questions

Hello everyone,


I am currently struggling through the topic of loans and funding through the KfW.
In the future, we plan to build a single-family house with a granny flat (or alternatively a semi-detached house) – my fiancée and I will live in the single-family house, and we will "put" my parents-in-law in the granny flat.

So there are basically 4 builders or 2 parties... us, and the parents-in-law. The parents-in-law will fully pay for the granny flat (+ half of the heating, house connections, etc.) with equity. The plot of land is available, belongs to the parents-in-law, and will be inherited by us or my fiancée later (already notarized).

We are calculating about €200,000 for our single-family house. We are bringing €50,000 as equity.
Thus, we need to mortgage €150,000 through the bank.

Loan:
We want to build an efficiency house 40 and use the KfW program 153 (energy-efficient construction) for this. If I have understood everything correctly, the KfW grants the low-interest loan with a maximum of €50,000. Thus, we would have to finance the remaining missing €100,000 ourselves through the bank (which also issues the KfW loan).

I think the loan can only be applied for once, i.e., we cannot each apply for a loan (regardless of whether it makes sense or not), right?

Funding:
If it is an efficiency house 40, the KfW provides a repayment grant for the loan of up to 10%. If we claim the maximum loan of €50,000 from the KfW, this results in a maximum amount of €5,000 in “gifted” funding.

The funding can be claimed "once" for the house, regardless of whether a granny flat is also built or whether it is a semi-detached house. Or would the possibility exist that there are two "registered" builders – us and the parents-in-law. It is a house, but each is building with their own financial means. So the funding could be claimed by each party.

Renovation:
There is another house that belongs to my father-in-law. An apartment is currently being renovated there – as an energy measure, it would be sensible to replace the 30-year-old wooden windows. If I have it right, replacing the windows would be funded as an individual measure – also by the KfW. And that with a maximum of 10% or a maximum amount of €3,750. We have an offer for the new triple-glazed windows at just under €10,000.
So he would have full entitlement to the maximum amount, correct?

With a request for possible understanding... I am practically new to the topic – and at first glance, it is not quite easy to understand, which is why I want to be absolutely well-informed. We are still at the very beginning of the entire planning.

Therefore, I am grateful for any tips (also BAFA funding, etc.) and for any recommendations...!

Regards!

You can also apply for the KfW 153 loan twice in your case, as funding is possible per residential unit, which should definitely be the case with the granny flat.

Definition according to the KfW homepage:
"A residential unit is defined as enclosed spaces intended for permanent residential purposes, located together in residential buildings, that allow for a separate household (rooms, kitchen/kitchenette, and bathroom/WC). Granny flats count as separate residential units if they meet the stated requirements."

But are you sure that €200,000 can fit your house with a granny flat? Of course, I don't know the details, but the planned budget seems very tight to me, especially since you must not forget the incidental building costs.

I am already a bit further along in my planning and was surprised afterward where I ended up price-wise despite having land!

Edit: I live, for example, in BW, which is why the KfW loans are again "discounted" through the L-Bank, so that the 153 program -> "Energy Efficiency Financing - Building" comes to an interest rate of 0.9%. Maybe you happen to live in BW as well...

I had overlooked earlier when discussing financing needs that your parents-in-law would finance the granny flat.

Hello...

and thank you for the quick response.
Yes, the €200,000 is currently planned for our house... if it gets a little more expensive, we could build in a minimal buffer. We are basically in the middle of the decision-making phase, where we are considering how we want to build the house and especially with whom. Will it be a house directly from the drawing board of an architect or a ("custom") prefabricated house from provider XY.

That the loan can/could be used twice in our case is already important information. So we could internally arrange it in such a way that we could use both loans.

That is really a coincidence, because we also come from BW (VS area). The 0.9% interest rate refers purely to the KfW loan or I understood it as that you often only get this loan at such a preferential rate if you additionally increase the total credit through the bank to a certain amount - so for example €50,000 KfW loan and additionally €50,000 credit at the L-Bank. And the increased amount is then logically charged a higher interest rate, so the effective interest rate is higher. In the current issue of Finanztest (2.2013) the KfW loans were examined... I have to check tonight whether the L-Bank was also "tested." What does your calculation look like?

Regards!

Definition according to the KfW homepage: "A residential unit is considered to be enclosed rooms intended for permanent residential purposes in residential buildings, which enable the running of an independent household (room, kitchen/kitchenette, and bathroom/toilet). Granny flats count as separate residential units if they meet the aforementioned requirements."

(Emphasis by me)
Hmm, is there also a funding possibility for (manager) apartments in commercial buildings? Specifically, it's about Schleswig-Holstein, in case that matters...