Is the KfW70 application still possible?

Hello everyone,

we have the following problem that is currently giving us a headache:

At the end of February, we planned a Kfw70 solid house with the developer and have now had the construction contract including the construction description for several weeks. We submitted this with all information about ourselves and the property to our house bank and received a non-binding financing offer including KfW153 & KfW124.

Since then, however, we have been waiting for the bank's mortgage lending value assessment. So, we have no binding commitment from the bank. And of course, we find it difficult to sign the construction contract without this.

Unfortunately, time is running out for us. The developer needs a certain lead time for the planning and the energy consultant (who comes from the developer) has to issue the application (right?).

In addition, there is the fact that due to the change in the "EU Directive on Residential Real Estate Loans," the bank allegedly has a maintenance window for the advisory systems, which lasts until 21.03.2016. Easter is also coming up. So, there are actually only a few working days left to apply for the Kfw loan.

Achieving the Kfw55 standard would cost us about €22,000 more. In addition, there are maintenance costs for ventilation, etc., which is why we actually decided against it.

Are all our assumptions correct so far? Is anyone among you in a similar situation? How are you proceeding or do you have tips for us?

Best regards

Hi,

I think that for a KFW-70 the building application should have been approved by 31.12.15.

So it’s clearly too late for that anyway.

The now relevant "KFW-100" house roughly corresponds to the earlier KFW-70.
So it has good values and is also inexpensive to maintain.
You just don’t get any subsidies, although those weren’t impressive with KFW-70 either and with today’s loan conditions it is / would be worth considering not financing through KFW anyway. It can even be cheaper....

KFW-55 and 40 are unchanged from before, plus there is now KFW-40+.

How does your builder come up with the 22,000 Euro additional cost compared to KFW-55?
Insulation? Floor slab? Technology?
At first glance 22,000 Euro seems very much to me for the leap..... but everything is possible.

With the potential savings on heating and operating costs from (ex-)KFW-70 to KFW-55, you will have a hard time compensating the capital investment of 22,000 Euro in the foreseeable future.
We’re talking about roughly 15-20 Euro/month savings......

I don’t want to sugarcoat the controlled residential ventilation for you. But I can tell you that it’s a great thing, and maintenance costs are very limited. We have KFW-70 with controlled residential ventilation and I would definitely install controlled residential ventilation again if I build new, that’s how convinced I am by the result.

Best regards
Thorsten

Hello Thorsten,

thank you very much for your reply.

ich meine, dass für ein KFW-70 der Bau-Antrag hätte bis 31.12.15 genehmigt werden müssen.

The "deadline" according to the KfW website is March 31, 2016.

Wie kommt Dein Bauträger auf die 22.000 Euro Mehrkosten zu KFW-55?

Ventilation system, insulation, and "extended building inspection". However, this is only an estimate from the advisor. We quickly discarded the option.

Wir reden hier round about von 15-20 Euro/Monat Ersparnis......

Okay, that confirms our assumption. Thanks :)

Du erhältst halt keine Förderung, wobei die war bei KFW-70 auch nicht umwerfend und bei heutigen Kredit-Konditionen ist / wäre es eh überlegeswert, ohne die KFW zu finanzieren. Kann sogar billiger sein....

That would actually mean that we build it as a "KFW70 house" but get the €50,000 directly from the bank. Nothing changes about our plan except that the financing is structured a bit differently, right? It would actually have the advantage that we wouldn’t have just 10 years of fixed interest on this portion.

"Deadline" according to the KfW website is March 31, 2016.

For the funding! If you had wanted to build according to the old Kfw 70, the building application would have had to be submitted by December 31, 2015, at the latest. Rhineland greetings from on the road

For the funding! If you had wanted to build according to the old KfW 70 standard, the building application would have had to be submitted by 12/31/15 at the latest.

Rhenish greetings from on the road

Wrong, a friend is currently going through this situation. I also assumed that the building application would be necessary for the KfW application, but the energy certificate alone is sufficient for the KfW 70 application.
And it must be submitted by 3/31.
Currently, the plans are finished and will be submitted this month, but the KfW application was already submitted on Monday.

That would actually mean that we have it built as a "KFW70 house," but we get the 50,000€ directly from the bank. Nothing changes in our plan except that the financing is structured a bit differently, right?

Hi Rosch,

yes, you would have a house built according to the former KFW-70 standard but finance the previously available 50,000 Euro KFW component through your house bank.

Even though KFW 70 has been discontinued (or replaced by KFW-100): the house does not become worse because of it. With hot water and heating, I get our "place" here through the year with about 500-600 liters of oil equivalent (or cbm gas), occasionally throwing a few logs into the fireplace stove. In other words, such a property is also very valuable and economical. Most properties in Germany need more energy.

Put differently: I hardly care whether my heating costs + hot water are 300,- or 600,- per year. Other costs (taxes, insurance, garbage, loan installment, .......) are much, much higher. And it does me no good to have 1000,- Euro/year capital costs to save 300,- per year because I would be the one left with the remaining 700/year. (Numbers are purely fictional example).

As I wrote here weeks ago in a similar vein: It’s a question of investment. Purely financially seen, better insulation/ even more modern technology hardly pays off or only over very long periods. The topic can certainly be fun (and would be for me as well, but I also didn’t have that money available).

Whether the higher additional costs towards KFW-55 (hardly worthwhile as an investment). With KFW-55, other points come into play (energy consultant supervision, higher requirements, ....) I suspect many people will say: I’ll simply build a KFW 100 and finance it fully through the bank (the conditions currently allow that).

Best regards
Thorsten