Financing with or without planned renovation?

We now have a non-binding offer from an intermediary, there were several banks that would finance it.

But you must have really good creditworthiness. Otherwise, 100% of the purchase price (or rather 110-120% loan-to-value) is rather unrealistic.

Would an additional renovation budget increase or rather reduce the chance?

It depends on how the bank evaluates the renovation.

The data of the house was requested by the broker, so I think the offers or conditions take this into account.

We have a household net income of €6,500, my wife is a civil servant. We pay the high loan-to-value ratio with the interest rate of 4%.

Schrag no longer exists, but there are still spare parts and currently also new burners. It is difficult to replace such a heating system. and even less so if you live in it. Facade insulation is never financially worthwhile, especially if the plaster is in good condition.

Schrag is no longer available, but spare parts and currently also new burners are still available. It will be difficult to replace such a heating system. And rather not if you are living inside. Facade insulation is never financially worthwhile, especially if the plaster is in good condition.

Correct. My uncle is a heating engineer and he said I should leave the heating system as it is. At some point, it could be replaced by a LLWP or the ventilation shafts could be used for laying water pipes, provided it then becomes a water-based system (with radiators). The parquet flooring in the house is 8 years old, so it makes little sense to tear everything up now for underfloor heating, and the walls/ceilings are also new.

Then you really have to have a good credit rating. Otherwise, 100% purchase price (or 110-120% loan-to-value) is rather unrealistic.

Has this only been the case recently? We bought a house in 2022 and didn't put in any equity at all, but it was only about a 259k loan amount. However, the valuation of the house was lower than that.

Is that only recently? We bought a house in 2022 and didn't contribute any equity, but it was only about a 259k loan amount. However, the valuation of the house was lower than that

Especially since the interest rate increase, higher regulatory requirements, and loan defaults in real estate financing: yes. It is now an absolute exception. And if so, then expensive