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BUILDING CHILD ALLOWANCE 2023

Why you should not do without it when buying real estate.

Garcia Immobilien

YOUR SPECIALIST FOR REAL ESTATE

We would be happy to advise you on which funding options are available to you.

BUILDING CHILD ALLOWANCE 2023

Why you should not do without it when buying real estate.

Garcia Immobilien

YOUR SPECIALIST FOR REAL ESTATE

We would be happy to advise you on which funding options are available to you.

Support for families

Garcia & Co. Immobilien

Find property Your personal consultation

The Baukindergeld is a financial subsidy that helps families buy or build their own home. This can be a huge advantage, especially for young families.

Families last had the opportunity to take advantage of this subsidy between 2018 and 2021. The plan now is to launch a successor program to the Baukindergeld in June 2023 in the form of a loan with a 2-4% interest rate subsidy.

Baukindergeld: How much will be granted?

The credit line is expected to be between €140,000 and a maximum of €240,000 and is specifically intended for families with minor children who have little or no equity. The loan is linked to taxable annual income, which may not exceed €60,000 with one child. The amount increases by €10,000 for each additional child.

Entitlement to the subsidy expires in the event of moving out, renting out, or selling the property before the end of the ten-year period, for example in the event of divorce.

What will change in 2023?

The biggest difference to the previous program is that the 2023 child allowance for home buyers will be granted as a loan and will therefore have to be repaid at some point, albeit under favorable conditions. Unlike in previous years, the subsidy is also intended exclusively for the purchase or construction of new buildings that are specifically climate-friendly.

Requirements for the child allowance for home buyers

To be eligible for the Baukindergeld, the following requirements must be met:

  • You have one or more minor children for whom you receive child benefit
  • You have purchased a climate-friendly new-build property or are building your own home
  • You will use the property as your own residence for the next ten years
  • Your annual income is below the threshold, which is €60,000 for one child and increases by €10,000 for each additional child
  • Your property complies with the Energy Efficiency House 40 standard and meets the "Greenhouse gas emissions in the building life cycle in accordance with the Sustainable Building Quality Seal (QNG-PLUS or QNG-PREMIUM)"
  • Only required under certain conditions: Your property can provide proof of an additional sustainability certificate from an accredited certification body

How do you apply for child benefit for home buyers?

The application for the Baukindergeld must be submitted online to KfW no later than six months after moving in. The following documents are required to submit the application:

  • Identity card or passport
  • Registration confirmation
  • Birth certificates of all children living in the household
  • Purchase agreement or building permit
  • Income tax assessment notices from the year before last and the year before that

Within a few weeks, you will receive notification by mail as to whether your application has been successful or not.

What happens after a successful application for child benefit for home buyers?

If the application for the Baukindergeld was successful, all necessary supporting documents must be submitted within three months. These documents include:

  • Income tax assessments from the penultimate and second-to-last year
  • Confirmation from KfW that the subsidized property meets certain climate-friendly building standards
  • Land registry extract
  • Registration certificate

Once all the evidence has been checked, the Baukindergeld is paid out in ten annual installments, depending on the number of minor children living in the household. You will receive a total of €12,000 per child, spread over the ten years.

What other subsidies are available, and can they be combined with the 2023 child allowance for home buyers?

Buyers and builders can apply for additional subsidies. For example, it should be possible to combine the new child allowance for home buyers with the KfW home ownership program (124). However, the obvious combination with the "Climate-Friendly New Construction" program (BEG KFN) is not possible, as this is linked to a higher income limit.

Other subsidies could also be examined to see whether they can be combined with the Baukindergeld. For example, the federal subsidy for efficient buildings (BEG) currently provides relief for owners who want to renovate or build energy-efficient buildings. However, there will also be changes to this subsidy in 2023. In the area of climate neutrality, the Building Energy Act (GEG), which was also renewed this year, provides the relevant regulations.

Whether and which of these subsidies can be combined with the 2023 child allowance for home buyers should be checked by an expert on a case-by-case basis. To make sure you don't lose track, feel free to get in touch with us for some personal advice.

Apply for the 2023 child allowance for home buyers and benefit when purchasing real estate!

As experienced real estate agents, we are happy to advise and assist you in finding the right property, applying for subsidies, and accompanying you throughout the entire purchase process with a personal contact person.

Contact us now and arrange a no-obligation consultation. Together, we will find the perfect solution to combine your dream home with your budget.

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Riccardo Giamporcaro

Real estate consultant for residential properties

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Sustainability in the real estate sector: support programs and benefits for owners

Sustainability is no longer just a buzzword, but plays a central role in the real estate sector. Owners who focus on energy-efficient construction, resource-saving modernization, or sustainable management of their properties today benefit in several ways: through government subsidy programs, long-term cost savings, and a significant increase in the value of their property. In the Olpe district and neighboring regions in particular, the requirements for sustainable standards are rising—and with them the demand for modern, future-proof properties. Whether KfW promotional loans for energy-efficient renovation, subsidies for photovoltaic systems, or special incentives from the federal states: it is worthwhile for owners to invest specifically in sustainable measures. In addition to reducing ongoing operating costs, such investments significantly increase the attractiveness of properties for buyers and tenants. Better rentability, higher return prospects, and a greater sense of security with regard to upcoming legal regulations are convincing arguments for more sustainability in real estate portfolios. Those who look into funding opportunities and sustainable concepts early on create real added value for themselves and future generations.

Home trends for 2025: Which features are particularly sought after in Attendorn?

What will make living in Attendorn particularly attractive in 2025? At a time when demands on owner-occupied homes and rental apartments are constantly rising, innovative features are becoming the focus of buyers and tenants alike. The local real estate market clearly shows that quality, energy efficiency, and technical sophistication have long been among the most important criteria when choosing a place to live. Not only are sustainable energy concepts such as heat pumps, photovoltaic systems, and modern insulation in demand, but also smart home technology, flexible room solutions, and high-quality bathrooms. In Attendorn in particular, trends are emerging that offer long-lasting living comfort and flexibility in everyday life. Living spaces that create a feeling of freedom with well-thought-out lighting concepts, floor-to-ceiling windows, and spacious balconies are just as popular as practical features such as charging stations for electric vehicles, accessibility, and individual design options. such as charging facilities for electric vehicles, accessibility, and individual design options. This combination of forward-looking and practical features makes real estate in Attendorn particularly attractive not only for owner-occupiers but also for investors. For owners who want to sell or rent out their properties, these developments offer valuable guidance on how to optimally tailor their properties to the needs of the market in 2025.

Barrier-free living: demand and implementation options in Olpe and the surrounding area

Barrier-free living is no longer a niche topic—demand is growing rapidly in Olpe and the surrounding region. More and more property owners and house hunters are recognizing the value of living space that is free of structural barriers and offers comfort for all generations. The focus is not only on seniors and people with physical limitations, but also on families who value flexible and future-proof living concepts. The growing demand for barrier-free real estate ensures that such properties are specifically sought after and carefully planned. Modern barrier-free apartments impress with wide passageways, level access, threshold-free bathrooms, and intelligent details that make everyday life noticeably easier. In Olpe, more and more builders, investors, and owners are focusing on high-quality fittings and innovative concepts in order to remain attractive in the long term and increase the value of their properties. Those who opt for barrier-free design early on not only secure a larger pool of interested buyers, but also invest in comfort and quality of life for the future. Especially in view of demographic change and new lifestyles, this is a decisive competitive advantage in the region's real estate market.

Energy-efficient renovation as a way to increase property value: opportunities for homeowners in the Olpe district

Energy-efficient renovation offers homeowners in the Olpe district a rare opportunity to increase the long-term value of their property in a targeted manner. At a time when energy efficiency and sustainability are becoming increasingly important, modernized properties with lower energy consumption are not only more in demand on the market, but also achieve measurably higher sales prices. Measures such as thermal insulation, modern heating systems, or the replacement of old windows not only improve energy efficiency, but also increase living comfort and attractiveness for potential buyers or tenants. In addition to the increase in value, owners also benefit from government subsidy programs that make it easier to invest in energy-efficient renovations. In the Olpe district, many homeowners are already relying on innovative solutions to significantly reduce their energy costs while contributing to climate protection. Those who modernize in a targeted manner today not only maintain their own flexibility in tomorrow's real estate market, but also strengthen their own financial position in the long term. Competent advice from experts such as Garcia & Co Immobilien helps you select the right measures and realistically assess the renovation potential of your own property.

Real estate investment in 2025: opportunities and risks at a glance

The real estate market in 2025 offers both experienced investors and newcomers fascinating opportunities to diversify their investment strategies and enjoy sustainable returns. However, as in any area of investment, there are challenges that need to be overcome. In view of current economic developments and inflation, it is important to select the right properties with a clear focus and sound analysis. One key to success lies in close market observation and the identification of up-and-coming regions. Experts emphasize that interesting return opportunities exist particularly in urban areas with growing populations and increasing demand for residential and commercial space. However, potential risks, such as changing interest rate environments and regulatory uncertainties, should always be taken into account. Forward-looking planning and strategic alignment are therefore essential in order to fully exploit the advantages while avoiding potential pitfalls.

The role of the real estate agent in the modern real estate market: A guide

Real estate agents play a key role in the modern real estate market, combining expertise with interpersonal communication skills. When you decide to buy or sell a home, the support of an experienced agent can make the difference between a successful and a discouraging process. Not only do they know the market and help you find the right price, they also offer emotional support and legal security. A good real estate agent not only has extensive knowledge of local market trends, but also has a wide network of contacts ranging from tradespeople to financial advisors. Garcia & Co Immobilien GmbH places particular emphasis on strategic advice and individual support to ensure that every real estate transaction is a tailor-made success. Trust, transparency, and commitment make all the difference. Make your next real estate purchase or sale stress-free, efficient, and profitable by relying on the expertise of a professional real estate agent.

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