How to structure financing for the purchase/renovation of an old semi-detached house of 115 sqm?

I would also leave the project. Old apartments and old buildings are a high risk due to the Building Energy Act and possible follow-up costs, which I would currently not take in Germany anymore. An exception might be conceivable if there is monument protection, but then renovation costs rise sharply anyway. Basically, the bank could agree to an object exchange, since the previous apartment could be rented out. However, if the bank does not agree to the object exchange, then there is at least something fishy with one object: I currently see the following problems with you: Your currently inhabited flat and renovation costs (I estimate 80% of €100,000) are paid too expensive, renting it out is then probably not very profitable. And for the renovation of an old building, you probably have too little equity with €50,000.

Hi!

Thanks to you for the honest perspectives regarding the opportunities and risks of this project.

To fundamentally build knowledge in the context of demands:
Can you still help us with your experience regarding BAFA/KFW?
Simply put: Is KFW 261 worth it if the renovation project allows for it? Do you get the amount paid out at once, or in installments depending on the renovation phase?

Or is a regular bank loan preferable and then funding for individual measures via BAFA?

Quite casually: Is KFW 261 worth it if the renovation project allows for it?

Yes and no. The "normal" conditions are so-so. But if you want to renovate to a 55 standard house anyway, then the program is great because of the repayment subsidy.

Do you get the amount paid out all at once or in installments depending on the renovation phase?

Depends on your bank. KfW doesn’t care, but the loan comes from the bank, which is liable to KfW and issues a confirmation that the funds are used for the intended purpose. Therefore, the rule is that KfW is disbursed step by step, similar to a renovation loan from the bank, or is used either to pay for materials (for EL) or craftsmen invoices, so that you really spend the money on the renovation.

Therefore, the rule is that KfW is paid out step by step, similar to a renovation loan from the bank, or that either materials (for EL) or craftsmen's invoices are paid with it, so that you really spend the money on the renovation.

Okay, thanks for the info!

Actually, the plan was of course to take the renovation loan to start a new life in Paraguay as a bratwurst griller. Well, let's see if that works out!

Actually, the plan was of course to take the renovation loan in order to start a new life in Paraguay as a bratwurst griller.

If you only knew what kind of nonsense is sometimes done

[LQUOTE="Nida35a, post: 678410, member: 51599"] Still living there and calmly looking for a retirement home with a garden for the furry friend and for you. [/LQUOTE] I think 85 is the year of birth of the OP...