How is a renovation sensibly financed?
This depends on the income situation as well as the use. In other words, whether the property is acquired for own use or as an investment.
In the case of aninvestment, it may make sense to aim for a higher proportion of debt financing, as the interest on the debt can usually be offset against the rental income. Various subsidised loans should also be examined, for example whether a KfW loan can be taken out.
