New construction 2DHH KFW 40 each 150m2 living area as an investment property

Exactly as I wrote it. All work must be carried out by professional companies. Regardless of whether it is new construction or renovations. This is a drastic change to the current regulations. Up until now, at least the materials that were installed by oneself were eligible for funding. All of that will no longer apply from July 1st, when the new conditions come into effect. This is intended to ensure that everything is done properly. However, it leads to no funding being available, especially for renovations (which are often done by oneself, such as attic or basement ceiling insulation).

Thank you for the factual comment. It is really important and will indeed lead to a recalculation!

It's about the return! Is the effort worth it for just over 5% YES or NO.

NO. This is an absolutely dumb investment.

Especially since nobody here has any idea how this investment is supposed to work at all with the costs and the personal contributions.

Thank you for the factual comment.

You're welcome. Or you still have to be done with the KFW this month.

Thank you for the info, understood. Our EL are in different areas anyway. Regarding the regulations from 01.07. What does 'eligible costs' mean in the definition of Kfw? This term was always used in connection with renovation under the old conditions. This is also stated in the attachments, explanations of the Kfw. But what does 'eligible costs' mean within the framework of the new funding from July 1st? Do you happen to know? Because the Kfw does not know... We would take the funding without credit, so with direct grant. Two calls to the Kfw on exactly this question: how are 'eligible costs' defined within the framework of a new building? 1st answer: he wouldn't know, we should wait for July 1st and the condition descriptions 2nd answer: all house costs Such a disgrace...

It’s about the return! Is the effort worth it for just over 5% YES or NO.

NO - very short and simple. It’s not worth it. There are plenty of less stressful alternatives.

Especially since no one here has any idea how this investment is supposed to work at all with the costs and the own contributions.

NO - very short and clear. It's not worth it. There are plenty of less stressful alternatives.

At the moment, I am unfortunately forced to deal intensively with my retirement provision. I am even formally compelled to do so by the state. After 15 months of construction time, 8.5 years of returns amounting to 5% would accrue. I don't have a crystal ball, but for 250k I would probably always be able to get rid of a semi-detached house with 425m2 of land. Then a semi-detached house would bring me 85k + 250k = 335k after depreciation. That would trigger the 10-year KfW loan (possibly short-term variable financing) and we would have another semi-detached house with already 85k return income in the portfolio. If I had bought GME AND AMC last year, I would of course have done better. But you have to be a bit realistic and diversify your portfolio.