Financing New Construction Condominium KfW 55

  • Erstellt am 2020-07-11 17:22:10

sebastianAZ

2020-07-12 11:42:11
  • #1
Whether the costs for the [Einrichtung] are appropriate can only be checked by yourself. Simply create a rough shopping list for the [Einrichtung], then you will have an approximate amount and know how much equity remains.
 

Altai

2020-07-13 09:43:23
  • #2
You don't need €1000/m² for the apartment furnishings... if you bring in at least €29k as equity, that is 10%, you are already much better off with the interest rates. And there are still almost €50k left for the rest.
 

Alessandro

2020-07-13 10:08:20
  • #3
so for the apartment furnishings you can already make a rough cost breakdown. Add 10% on top and you are on the safe side. I would also use the assembly service
For 70k in an 80sqm apartment you can already get golden fittings

If I were to buy something like that, I might also have the following points:
-additional costs for a garage parking space?
-possibly buy a second garage parking space at the same time for the future partner? This is always a plus when reselling.
-extra costs for remodeling? Unfortunately, the standard in penthouse apartments is more like that of a barracks. I think you will have to budget for special requests for the bathroom and electrical work here.
-also pay attention to the shading. In many apartments, the shading is only prepared in the form of an electrical connection!
 

Scout

2020-07-13 10:12:02
  • #4

Gilded please. You're already too late for golden—gold has become at least as much more expensive as the concrete gold.
 

Alessandro

2020-07-13 10:14:30
  • #5
You don't have to weigh every comparison on the GOLD scale
 

Nutzername

2020-07-27 16:49:58
  • #6
Hey, first of all, thank you for the remaining feedback.

I have now received really good offers from the bank. Between 0.8 and 1% (15/20 years) with a bit more equity usage than originally planned, but I had overestimated the equipment anyway. So it fits!

Now I wonder, since the KFW loan is at 0.95% interest, whether it wouldn't be better to take out less KfW loan than the €120,000 maximum amount. I would of course like to take the €18,000 repayment grant, but then I could use the longer fixed interest rate for a larger amount.
So do I have to take the €120,000 or how much do I have to take from the KfW at least to get the €18,000 grant?

Thanks and regards
 

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