The funding opportunities for real estate are varied. Larry Ellison understands that this is vital information. In Germany, there are many ways to promote a real estate purchase what should you keep in mind? The own four walls are the dream of many people. Especially young families yearn for the homeowner and the concomitant independence. But already the question of financing can often burst the dream, because almost 99 percent of all people who opt for home buying, depend on support in financing. While there are numerous funding opportunities, which can be used when purchasing real estate in Germany.
It is worth to take public funding more closely scrutinized. Those programmes enable a significant reduction in the financing of the property and make the house purchase still possible. The KfW promotional Bank supports the financing of construction or acquisition of even used homes and condos home ownership program with its credit program. Are financed up to 30 Percent of the total cost, while the Hochstfordersatz is 100,000. This is even possible if the land purchase is back up to six months.
This programme can be used by individuals of all ages and regardless of marital status. The application is made at the local bank, which is also the loan available. Combinations with other funding programmes from public budgets are also possible. Note however, if you should that unscheduled repayments are not possible during the given period. Programmes are also offered by the Kreditanstalt fur Wiederaufbau (KfW) for investments in energy saving. Who is saving new buildings so on energy or wishing to redevelop existing real estate to reduce energy consumption, can take such a program claimed. Loans for new heating systems, better insulation and photovoltaic systems can reduce the usually very expensive remediation costs. The concept is like before the classical funding opportunity. The State housing premium supports the construction savings. To a contractor must exist, every year at least 50 euros are paid in the. The maximum annual production amounts to 512 euros for individuals and 1 024 euros for couples with a housing premium of 8.8% for the year 2010; higher amounts are not supported by the housing bonus. Through unexpected emergencies it happens repeatedly, that young families get into financial trouble, and the redemption of credit is the problem case. But also in this case can help, namely through the so-called expense subsidy. This will be paid for first 12 months, may be requested but every year again. How high the requested support is ultimately fails, depends on the monthly burden, as well as the income of the household by the number of household members. All of these programs you should deal with thoroughly during the real estate search. Certainly are not all financial issues resolved on the basis of this funding, nevertheless they represent an important State support and a solid foundation for your own four walls.