KfW Funding Climate-Friendly Residential Building from March 2023

2023-03-16 20:07:23

By the way: A 40NH house with land for 600T is likely to be difficult. Even if it is dimensioned so small.

Well, it also depends on the federal state and the land costs... Then on how you build, which trades and connections can be tapped, and of course your own skill. We are currently calculating about 550 - 600k turnkey with land in Lower Saxony - but nothing is signed yet (except for the land). Therefore, the short-term market situation is decisive for us – we would take the 140k if we have put something on paper by then. Without that, we would have no chance with our financial setup. Additionally, it should be noted that we are planning with 15% equity plus 10% EL or purchasing condition advantage, the land is 3.5 km as the crow flies away, and I work in the building materials trade... 100% subcontracting is significantly above that again, I totally agree with you. And then we are in the "harakiri" area of the target group for the new BKG.

However, as a personal objection, I would roughly estimate that since summer prices have dropped on average by around 5% (outliers upwards and downwards), and prices are currently relatively stable. One also hears again about more available craftsmen...

On the other hand, it should not be forgotten that many parts of the construction industry are already partially insolvent, as their large orders with prefab house chains or commercial residential construction have fallen by dozens of percent. A razor-edge ride – unfortunately with risks for both the craftsman and the customer.

2023-03-16 20:35:59

As far as the general contractor is concerned, you will definitely get into a better negotiating position. However, I doubt that this will really drive prices down significantly in the end, given an inflation rate of just under 10%. On the other hand, the weekly rising interest rates, which add up to a lot of money over the entire financing period, definitely work against it.

Let's take my current favorite calculation. You need 450,000 EUR from the bank. For simplicity, let's assume an interest rate that you have to pay until final repayment and a monthly installment of 2,250 (equivalent to 2% repayment at 4% interest). For the first 10 years, you make a special repayment of 2,000 EUR annually and for the rest of the term, 5,000 EUR annually. Now let's compare the calculation with 4% interest against 4.2%.

Variante 1

==========

Darlehen: 450000,00 EUR, Zins: 4,00 %, Rate: 2250,00 EUR, Sondertilgung: 10 Jahre 2000,00 EUR - danach 5000,00 EUR

Rate: 2250,00 EUR

Laufzeit: P22Y9M

Zinsen: 243288,60 EUR

Sondertilgung: 80000,00 EUR

Restschuld: 0,00 EUR



Variante 2

==========

Darlehen: 450000,00 EUR, Zins: 4,20 %, Rate: 2250,00 EUR, Sondertilgung: 10 Jahre 2000,00 EUR - danach 5000,00 EUR

Rate: 2250,00 EUR

Laufzeit: P23Y5M

Zinsen: 266517,08 EUR

Sondertilgung: 85000,00 EUR

Restschuld: 0,00 EUR

The higher interest rate costs you 23,228.48 EUR over the entire term.

2023-03-16 21:51:26

Well, it also depends on the federal state and the land costs... Then on how you build, which trades and connections are accessible, and of course your own skill. We are currently calculating about 550 - 600k turnkey with land in Lower Saxony - but nothing is signed yet (except the land). Therefore, the short-term market situation is decisive for us - we would take the 140k if we have put something on paper by then. Without that, we would have no chance with our financial setup. Additionally, it must be considered that we are planning with 15% equity plus 10% EL or purchasing condition advantage, the land is 3.5 km as the crow flies away, and I work in the building materials trade... 100% outsourcing is significantly higher there, I completely agree with you. And then we're basically in the "harakiri" zone of the target group for the new BKG.

However, as a personal objection, I would roughly estimate that prices have fallen by about 5% on average since summer (with outliers up and down), and prices are currently relatively stable. You also hear again about more available craftsmen...

On the other hand, it should not be forgotten that many parts of the construction industry are already partially insolvent, as their large orders with prefabricated house chains or commercial residential construction have plummeted by dozens of percent. A razor's edge ride - unfortunately with risks for both the craftsman and the customer.

Honestly? If I were you, I wouldn't even listen to the general statements here in the forum like "the QM house costs at least 3000€ and up." Prices vary so much from region to region that it is absolutely not serious to make blanket claims. Therefore, my recommendation: Make your own picture, go to 2-3 GUs, have an offer made based on your key data. Maybe don't visit the big companies, but the small local house builders with a good reputation.

2023-03-20 20:36:07

Has anyone already got an idea whether the climate-friendly house with QNG is achievable if you want to build a basement? Or can you just save yourself the effort and enjoy 4% interest on the total loan?

Currently planning a solid house with a basement, but maximum photovoltaics, heat pump, and central ventilation system. However, also air conditioning…

2023-03-20 21:32:35

Has anyone already got an idea whether the climate-friendly house with QNG is achievable if you want to build a basement? Or can you just save yourself the effort and enjoy 4% interest on the total loan?

I refer to this post further up in the thread:

Hello everyone,
yesterday we received info from Viehb. that there is no longer any KfW funding 297 (neither) for a house with a basement.
Apparently, too much concrete (white tub) is used in the basement, and this can no longer be offset with additional measures like extra solar panels, compared to the previous regulation.

I hope this info helps a few people.

But of course, there are many factors. It’s best to talk to your energy consultant, also regarding the required amount of concrete (e.g., concerning slope location) :)

2023-03-20 23:04:20

Thanks, you! I had already read the statement from vieb Haus, but hoped that there might already be more opinions/statements on it.

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KfW Funding Climate-Friendly Residential Building from March 2023

-LotteS-

Karlsson

dimba234

Bambus12

-LotteS-

Bambus12