Ceekay0
2024-08-17 15:21:26
- #1
Hello everyone,
As a couple, we want to buy a house in need of renovation, built around 1930, and renovate it to an Effizienzhaus 55 EE. Heating, insulation, windows, roof, etc. all need work, not only for energy-related reasons. We can carry out parts of the renovation ourselves or with the help of family, which makes the whole thing exciting for us.
Financing the purchase with the appropriate equity is not a problem, nor are the renovation costs. However, for financing the renovation, we want to use the KFW 261 with the attractive interest rate in addition to the "normal" bank loan.
All banks and brokers we contacted told us that this is only possible in one go at the time of purchase. The advice regarding implementation was rather a shrug of the shoulders. Apparently, no bank wants to do a subordinated loan, refinancing is also out of the question. A call to the consumer advice center and the KFW didn’t really make me any wiser either. In forums, I find mostly people with the problem, not with the solution.
My understanding is that applying through a bank requires at least the expertise of an energy efficiency expert, possibly even an iSFP is useful. Both seem very difficult to implement in terms of timing before the purchase. An iSFP can only be commissioned by the owner anyway.
Today, I almost see the only option as negotiating with the seller a deadline of at least 3 weeks, during which the EEE can then create its report.
My hope is that someone here has already successfully navigated this and can explain how to best manage the timing sequence. I look forward to experiences regarding this!
Thank you in advance.
As a couple, we want to buy a house in need of renovation, built around 1930, and renovate it to an Effizienzhaus 55 EE. Heating, insulation, windows, roof, etc. all need work, not only for energy-related reasons. We can carry out parts of the renovation ourselves or with the help of family, which makes the whole thing exciting for us.
Financing the purchase with the appropriate equity is not a problem, nor are the renovation costs. However, for financing the renovation, we want to use the KFW 261 with the attractive interest rate in addition to the "normal" bank loan.
All banks and brokers we contacted told us that this is only possible in one go at the time of purchase. The advice regarding implementation was rather a shrug of the shoulders. Apparently, no bank wants to do a subordinated loan, refinancing is also out of the question. A call to the consumer advice center and the KFW didn’t really make me any wiser either. In forums, I find mostly people with the problem, not with the solution.
My understanding is that applying through a bank requires at least the expertise of an energy efficiency expert, possibly even an iSFP is useful. Both seem very difficult to implement in terms of timing before the purchase. An iSFP can only be commissioned by the owner anyway.
Today, I almost see the only option as negotiating with the seller a deadline of at least 3 weeks, during which the EEE can then create its report.
My hope is that someone here has already successfully navigated this and can explain how to best manage the timing sequence. I look forward to experiences regarding this!
Thank you in advance.