Those who can mobilize enough money can do well with the new home renovation subsidy, others have to take out loans, and it is also possible that if the workload in the construction industry continues to grow, we will have to prepare for big slips.

Half of the costs of renovating the homes of families raising children will be borne by the state, up to a value of up to three million florins, announced Katalin Novák. We still have to wait for the detailed rules of the support, but based on what is already known, Bankmonitor has collected the most important information and some possible pitfalls.

One of the most important details is that it is an ex-post financing, so the family has to pay the full price of the work in advance.

It’s also unclear how long it takes for a claim to go through the bureaucracy. According to Bankmonitor, there may be a solution for many to obtain a personal loan for renewal and then opt for state-supported prepayment. Therefore, if the HUF 3 million grant is used for this purpose, the reimbursement of the other HUF 3 million will cost € 3.22 million, and an additional HUF 30 000 will be the cost of the prepayment.

If the need to shop increases suddenly, temporary supply disruptions may occur and workers and construction materials may be more difficult to find. Therefore, Bankmonitor recommends that families with children already look for craftsmen to start work in 2021 and even order some construction materials, and single and childless families start renovations this year to complete before the children take all the free capacity. .

An interesting question is how you check the status if the work was actually done in the apartment for which the invoices were issued. In the case of housing savings, an on-site inspection is usually the solution, but it is not free either, it is a question of whether it would be the State or the client.



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Katalin Novák: government provides up to 3 million in support for home renovation


MTI / hvg.hu
Real estate

According to the minister, a chocolate is not a condition for requesting new maintenance, but a child must do so. Support will begin on January 1.