The dream of owning your own home – many families have it, but affordable housing is often hard to find. Especially in times of rising real estate prices, the desire for a home of their own seems to be slipping further and further out of reach for young families. But there is hope: the new KfW subsidy program "Jung kauft Alt" (Young People Buy Old) was launched on September 3, 2024, and could be just the solution many have been waiting for.
Focus on families: a subsidy program for the future
"Young buys old" is aimed at families with minor children who are willing to buy an old house in need of renovation and turn it into an energy-efficient home. Why? Because it's not just about acquiring a property – it's about actively contributing to reducing energy consumption in existing buildings while improving the quality of life within your own four walls. This program could be a real turning point, especially for families who want to live more sustainably and save money at the same time.
"It's far too old" – when old buildings offer an opportunity
Imagine: an old house with creaky floorboards, yellowed wallpaper, and a touch of the past. At first glance, perhaps not what you've always dreamed of. But this is exactly where "Jung kauft Alt" comes in. It offers families the opportunity to purchase these old buildings at affordable prices and, with energy-efficient renovations, not only increase their living comfort but also save significantly on energy costs.
What makes this program special? Families can access a subsidized loan with an unbeatable interest rate of just 1.51% effective for a term of 35 years and a 10-year fixed interest rate. This makes the dream of owning your own home affordable for many who might otherwise not have access to such favorable terms.
Income limits: Who is eligible for support?
Of course, there are certain conditions. To be eligible for the subsidy, the taxable household income for a family with one child must not exceed EUR 90,000. This limit increases by EUR 10,000 for each additional child. This is to ensure that families who often miss out on the free market receive special support.
Focus on energy efficiency
"Jung kauft Alt" specifically promotes the purchase of properties classified in energy efficiency classes F, G, or H. Anyone who takes on the challenge of buying such a building undertakes to upgrade it to at least energy efficiency class 70 EE within 54 months of the subsidy being granted. This means that not only the environment benefits in the long term, but also your own wallet – because an energy-efficient house consumes significantly less energy and thus ensures lower running costs.
A home for the family – long-term and sustainable
An important aspect of the program is the obligation to use the property for your own purposes: the subsidized home must be used by the family for at least five years. This not only promotes long-term investment in your own future, but also creates space for stability and roots in your own home.
The path to home ownership with "Jung kauft Alt"
For many families, the program is a unique opportunity. The purchase price of the property, including the land costs, is eligible for funding—a major advantage, as it is often these initial costs that present obstacles. But "Jung kauft Alt" not only makes it easier to get started, but also offers the opportunity to benefit from lower energy costs in the long term and do something for the environment at the same time thanks to energy-efficient renovation.
For families who want to put down roots, this program is a real gift. It combines government support, energy efficiency, and the opportunity to own an affordable home.
So why not take the plunge and breathe new life into an old house? The "Young Buys Old" program could be the key to your new dream home—a sustainable and future-proof investment in the housing of tomorrow.
Everything you need to know at a glance:
KfW loan "Young buys old" at a glance
- Funding objective: Support for the purchase and energy-efficient renovation of old buildings.
- Loans: Low-interest loans with an effective interest rate of 1.51% for a term of 35 years and a fixed interest rate for 10 years.
- Income limits: The maximum taxable household income may not exceed EUR 90,000 for one child, plus EUR 10,000 for each additional child.
- Energy efficiency: The property to be purchased must be classified in energy efficiency class F, G, or H. Within 54 months of the subsidy being granted, the property must be upgraded to at least energy efficiency class 70 EE.
- Eligible costs: The purchase price including land costs.
- Own use: The property must be used for own purposes for at least five years.
Your partner for high-quality existing properties for over 25 years
public subsidies and grants are very complex and require many prerequisites. It is easy to become unsure whether you are doing everything correctly. Let us provide you with expert support—from applying for a subsidy to finding the right property for you.
Make an appointment with one of our specialists today for a consultation. We look forward to getting to know you.