By Vangelis Dourakis

Conversely counts time to double the aid granted by the state through the program ‘I renovate – I rent’: After several months of delay, on Feb 21 It will be possible to adapt to the existing program that increases the amounts granted. Based on the relevant planning, the subsidy for vacuum renovation rises to 8,000 euros, which corresponds to 60% of the cost of cost work up to 13,330 euros.

In fact, as the relevant ministries have announced to those who have already joined the ‘I renovate- I rent’ they will be given retroactive amounts up to 4,000 euros.

To whom the reinforcement of ‘renovate’ is granted

Until now through the program ‘I renovate- I rent’ The potential beneficiary could receive an amount reaching 4,000 euros to fund renovation of a “vacuum” of property to “put” it again on the market.

This amount accounts for 40% of the costs that a property owner will make to renovate his vacant house with a limit of 10,000 euros.

The program will now be “upgraded” and the amount of the subsidy will double to reach 8,000 euros.

The reinforcement through the program ‘I renovate- I rent’ It is granted to those who renovate their vacant apartments in order to seek employees.

However, it remains a prerequisite for the apartment to be declared “empty/closed” for 3 years in E2.

The ‘I renovate hire’ It subsidizes a number of expenses for the owners to renovate homes that are empty today, with the commitment to lease them for at least three years.

Who are the beneficiaries of the subsidy

The program may be subject to natural persons, owners or usufructants of property using a residence, for a residential property, if the following are fulfilled five conditions:

  • Beneficiaries have the full ownership or usufruct of the property equal to or greater than 50%.
  • The property (apartment or house) has an area of ​​main spaces up to 100 sq.m. and is located in a residential area.
  • Beneficiaries have an annual family taxable, real or imputed, income not exceeding 40,000 euros and have real estate whose total value does not exceed EUR 300,000. An annual family income means the total annual taxpayer, real or imputed, as well as the exempt or taxpayer in a specific manner income of spouses or parties to cohabitation and protected children.
  • The property has not been declared as a first residence, has not been declared leased and is declared a gap in form E2 that accompanies the income tax return for the last 3 years.
  • Beneficiaries have not received a subsidy for energy saving or renovation program for their property for the last 5 years and have not been included in subsidized energy savings programs for any of their property, ie from 1.1.2019 onwards.

Indicatively, costs can include work on bathroom renovation, kitchen, door -to -door replacement and internal door replacement, replacement or repair of electrical and hydraulic installations, building blocks, coatings, tiles, colors and other corresponding work.

The costs of purchasing the necessary materials, costs for any IKA insurance contributions for the operations and engineer expenses for any licenses, approvals or studies are provided.