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Do we know what kind of machine can be accounted for in the renovation grant?

Many may lose some of their renovation support because of pitfalls hidden in the rules. Thus, for example, not all technical items can be charged to the cost of materials, just as the ratio of labor to material costs can be an exclusionary reason. MediaMarkt has collected support terms to help customers make smart purchases.

MediaMarkt has seen significant interest in home improvement support effective January 1 this year, however, the technical department store chain sees many do not know the exact details in the government decree or they are unclear to customers.

In this case, the technician’s experts will help you choose the right device and, in addition to accurate information, will draw attention to the exclusion factors and potential pitfalls, so that you can not only help customers choose the right product, but also get the highest possible support.

One of the most frequently asked questions is the range of assets that can be accounted for under material costs, according to MediaMarkt. exactly which machines are eligible for support. Under the regulation during the renovation devices to be installed can be accounted for, such as in addition to sanitary ware and floor tiles, lighting devices can also be installed Such may be the also luminaires built into kitchen furniture.

The support is available in the same way can be built into kitchen utensils (which we do not take with us during a move). It is therefore considered a material cost if, for example we buy a built-in refrigerator, a built-in oven, a hob, a cooker hood, a built-in dishwasher, a built-in microwave oven, or even air conditioners.

Built-in but not accountable, here’s:

It may seem like a small detail, yet it is an important difference at the same time that a washing machine or tumble drier does not constitute a kitchen appliance, even if it is installed in kitchen furniture or in a laundry room, so we cannot account for this.

“There is a significant interest in our stores and webshop for built-in kitchen appliances, which is presumably also encouraged by the home renovation support,” said Imre Szitás, MediaMarkt’s product manager for home appliances. “We’ve seen that this is a good opportunity for people, but it’s not easy to adjust to the plethora of conditions. Therefore, our colleagues have studied the rules, they already know the pitfalls, so they can help our customers not lose support. With our advice, we strive to help those who turn to us get the most out of this resource for their families. ” The expert pointed out.

A critical point is accounting for home renovation costs. For this invoices alone are not enough, we must attach the documents proving the payments together with the contracts. The amount of the support is 50% of the renovation costs certified by the invoice, but not more than HUF 3,000,000. The cost must also include the contractor’s wages and material costs, both of which may be included in the amount of the grant in the proportion of 50-50%. The highest amount of three million can be obtained if the entire renovation costs at least HUF 6 million, and out of this six million, the material price (or the cost of the technical equipment that can be installed) and the labor cost are at least HUF 1.5 million, respectively.

Using a practical example:

For example, during a kitchen renovation, we want a dishwasher, a built-in refrigerator, an oven, a hob with a cooker hood, and we have selected the tiles and we already have the contractor for all this. Suppose that the whole renovation comes from five million forints, so in principle we could receive 2.5 million forints, as it does not reach the maximum of three million forints.

At the same time, if the labor fee is HUF 800,000 and the material price is HUF 4.2 million from the whole renovation, then we can only apply for the support fee of HUF 800,000 and once again for the same material price of HUF 800,000, so the maximum amount that can be claimed will be HUF 1.6 million.

At the same time, if the contractor sets the wage at HUF 1.2 million and the material price is unchanged, the support that can be claimed jumps to HUF 2.4 million.

The opposite works: for example, if the wage is six million and the material price is one million, then the amount that can be claimed is two million forints: this is how the 50 percent wage and 50 percent material price come out.

From all this it can also be seen that if we are planning a high-wage renovation, but due to the 50% cost type ceiling, we cannot take advantage of the full material cost framework, it may be worth considering a technology-intensive investment.

This not only allows us to recoup the cost of the machines, but once again to recoup so much of the labor-intensive investment that is already needed. In such cases, the technical store chain can help, not only in the selection of the various kitchen appliances that can be built in, but even in their commissioning.

While it may seem like a matter of detail, it doesn’t matter which retailer you buy your device from, under the government decree, the aid is not available for invoices with a VAT rate of 5%.

In addition in the case of technical articles, it is also important that the product name on the invoice must include the exact name and type number of the product and that the word “incorporable” must appear in the product name.

Invoices can be collected by customers as early as January 1, 2021, the conditions of the regulation must be met at the time of application.

Exceptions to this are the range of newly built dwellings that have not yet been registered in the real estate register, as construction is not eligible for housing renovation support.

More useful tips in an article in MediaMarkt available.

Source: Ingatlanhírek by ingatlanhirek.hu.

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