ᐅ KfW 70 or is it worth investing in KfW 40 Plus with significantly higher costs?
Created on: 12 Jul 2018 16:56
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PaddyOnAir
Hello,
I have selected two home builders and requested quotes based on my custom specifications.
Offer 1 is from Heinz von Heiden, building a KfW 70 house with a ground source heat pump.
Offer 2 is from Viebrockhaus, building a KfW 40 Plus house.
The Viebrockhaus offer is exactly €43,000 more expensive than Heinz von Heiden. However, I would still receive subsidies of €15,000 from the KfW bank and an additional €2,000 from BAFA if I choose to build the KfW 40 Plus house. This leaves a net difference of €26,000.
What do you think? Is the KfW 40 Plus house worth the extra €26,000, or would you prefer to go with the KfW 70 house from Heinz von Heiden?
I look forward to your advice.
I have selected two home builders and requested quotes based on my custom specifications.
Offer 1 is from Heinz von Heiden, building a KfW 70 house with a ground source heat pump.
Offer 2 is from Viebrockhaus, building a KfW 40 Plus house.
The Viebrockhaus offer is exactly €43,000 more expensive than Heinz von Heiden. However, I would still receive subsidies of €15,000 from the KfW bank and an additional €2,000 from BAFA if I choose to build the KfW 40 Plus house. This leaves a net difference of €26,000.
What do you think? Is the KfW 40 Plus house worth the extra €26,000, or would you prefer to go with the KfW 70 house from Heinz von Heiden?
I look forward to your advice.
P
PaddyOnAir18 Jul 2018 11:39arnonyme schrieb:
I would stay away from Heinz von Heiden. My in-laws built with them. There was shoddy workmanship everywhere. Even I, as a layperson, noticed it.
Besides that, it was a complete disaster.
How much would a Viebrockhaus KfW 70 house cost?Thanks for the information!
Viebrockhaus now only builds KFW40 Plus houses
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PaddyOnAir18 Jul 2018 11:44fullkehr schrieb:
In my opinion, KFW 40+ is not worth it. You pay a lot more, which doesn’t pay off… unless you’re already considering selling the house after 15 years. Then it might be worth thinking about. Otherwise, a KFW 40+ house easily costs around 100,000 euros more than one built according to the Energy Saving Ordinance. The heat pumps, batteries, etc., also require maintenance. And if they break down after 10 years (end of warranty), you’re stuck.
What I think is the most cost-effective is KFW 55, as you still take the bank loans and get a refund of about 5,000 euros.I am actually considering possibly selling the house after about 10 to 15 years. Currently, the final offers differ by 50,000 euros. After deducting subsidies of 17,000 euros, I feel that KFW 55 is not worthwhile at all. You do get a 5,000-euro subsidy from KFW, but if you take a regular A-loan instead of KFW financing, you come out better in terms of interest. That way, you save more than the 5,000 euros from KFW.
PaddyOnAir schrieb:
I think so too. Viebrockhaus provides everything from a single source. Heinz von Heiden only works with subcontractors. With Viebrockhaus, you definitely get a better feeling.No, Viebrockhaus works with subs just the same and pressures them like other companies do. The higher price of Viebrockhaus compared to other houses with the same standard is not paid to the subs. Marketing, show home villages, and advertising have to be paid for.
Even if Viebrockhaus offered 70 for the additional cost now, I would still choose Viebrockhaus: clearer construction service specifications, definitely. Better basic standard.
And if you plan to sell again later anyway, I would actually favor these 40+ options: Viebrockhaus and 40+ will certainly be easier to sell later than Heinz von Heiden.