When HomeGrif Makes Sense and When It Doesn't
No financial product is right for everyone. HomeGrif is a powerful tool for specific life situations — but if your circumstances are different, there are better alternatives. Here's an honest overview.
When HomeGrif Makes Sense
1. You own a paid-off flat and have a low pension
The average pension in the Czech Republic is CZK 20,700 per month (roughly EUR 830). Average rent in Prague is CZK 18,500. If you own a fully paid-off flat and your pension barely covers everyday expenses, HomeGrif can add a monthly income without requiring you to move.
Example: A flat worth CZK 4 million (approx. EUR 160,000), owner aged 70 — monthly income over CZK 10,000, and you stay in your home.
2. You want to help your children now, not after you pass away
Many parents want to help their children with a mortgage deposit, university fees, or buying a car. But they don't want to sell their flat and move out to do so.
HomeGrif enables a lump-sum payout (or a combination with monthly income), allowing you to provide financial help immediately.
3. You need a larger sum for healthcare or renovation
A new kitchen, an accessible bathroom, specialised care, a spa treatment. These expenses can reach hundreds of thousands of crowns. HomeGrif lets you draw on your property's value without having to sell.
4. You want to enjoy an active retirement
Travel, hobbies, cultural life. If you have the health and energy but not enough money, HomeGrif gives you financial freedom — and your flat remains your home.
5. You have no heirs, or your family agrees
If you have no children, or you openly discuss it with them, using your property's value during your lifetime is a rational decision. Why let an asset sit idle when it can improve your quality of life?
When HomeGrif Doesn't Make Sense
1. You have a mortgage or other lien on the property
HomeGrif is a buyback of the value of a fully paid-off property. If there's a mortgage, lien, or enforcement order on the flat, those obligations must be resolved first.
2. You plan to move soon
The lifetime residency right is tied to a specific property. If you know you'll move within 2-3 years (e.g. to be closer to your children, into a care home, or to a smaller flat), HomeGrif may not be the best option.
3. You have sufficient income and savings
If your pension, savings, and other income (supplementary pension insurance, rental income) are enough for a comfortable life, you don't need HomeGrif. There's no reason to draw on your property's value if it's not necessary.
4. The property's value is too low
For flats worth less than CZK 1.5 million (approx. EUR 60,000), the calculation may not be favourable — administrative costs make up too large a proportion. In such cases, selling and moving to cheaper housing may be more practical.
5. You can't or don't want to involve your family
HomeGrif is a financial decision that also affects your heirs. We recommend open communication with your family. If the family situation is complicated, consider getting advice first.
Alternatives to HomeGrif
| Situation | Better alternative |
|---|---|
| You have a mortgage | Refinancing, debt consolidation |
| You want to move | Sell the flat and buy a smaller one |
| You have enough income | Investments, pension products |
| You need a small amount | Consumer loan (short-term) |
| The flat has low value | Sell and rent |
How to Decide
- Do the maths — our calculator shows you specific numbers in 30 seconds
- Talk to your family — open communication prevents future disputes
- Compare alternatives — check our comparison page
- Get a free consultation — contact us with no obligation
Read also: 5 Ways to Unlock Your Property's Value | Compare Alternatives | Earlypass — How We Protect Your Family
