Particularly among experts, the Bauspar contract does not necessarily have the best reputation with regard to the topic of home buying. Increasingly, more finance experts advise against taking out a repayment-free loan for real estate financing and at the same time saving a home savings contract – which can result in immense additional costs.
Nevertheless, Bausparvertrag and home savings loans are far from out. Especially in the field of modernization, the home savings loan can score really well and often beats even the most favorable promotional loans. Anyone planning the modernization of their home should therefore take a closer look at this topic.
The basic principle is very simple: Nowadays, home savings loans are offered with extremely low interest rates. If the Bauspar contracts are ready for rendition and the loans can be retrieved, Modernisierern offers the chance to save a lot of money. Because interest rates of around two percent are not uncommon.
Some Good lender will now say that these low-interest loans come up with a relatively high eradication and can burden the household budget properly. This is true, but it is not about the financing of a construction project, but only about the modernization. As a result, the overall costs are significantly lower, which is why it is quite possible to opt for this path. After all, the interest rates are extremely attractive and the high repayment leads to a particularly quick repayment.
The real need is huge: as the LBS recently announced, are about 80 percent of privately used one- and two-family houses older than 20 years and are not in the heat regarding the state of things.