Comission-free Apartments for sale from private

From rented apartments to home ownership. No objections to owning your own four walls.

In view of the fact that rents in most large and medium-sized German cities have been rising sharply for years, more than a few tenants in this country are reconsidering their current housing situation and are increasingly considering whether it would not be worthwhile in the long term to buy the home they already own or another home. Which belongs in the European foreign country (European Union) for a long time quasi to the normal case - high owner of a home and dwelling ratios of up to 60 per cent - seems slowly however surely also in the Federal Republic, in which the ratio mentioned lies despite large regional differences momentarily still on the average with only approx. 43 per cent, to become the trend pointing the way to the future. But by far not only owner-occupiers in Germany tend ever more strongly to the housing purchase, straight also private investors on the search for a equally safe and profitable investment tend due to the not too many yield-prominent alternatives ever more frequently to the purchase of inventory or again built real estates. Independently of the exact kind of the intended use all prospective customers at purchase real estates should be however in principle clear over the fact that, in order to buy a dwelling, a high measure of careful previous planning makes necessary, which - the more detailed and more exactly it takes place - is also indispensable, in order to keep the overview on the straight for laymen frequently quite unclear real estate market.

Self use, age precaution or investment: The own planning
decides

Although thus the rising demand on the part of the owner-occupiers and investors affects likewise to equal pieces the price development, whereby for instance old buildings from the time around 1900 rose particularly in large cities such as Berlin, Hamburg, Munich or Cologne partially and depending upon situation clearly in the price, is and remains with the choice of the dwelling nevertheless crucial whether the future real estate is to be used by the buyer (or its member) or as investment and net yield object. At first glance, the first option is certainly easier. Who lives for instance already in a dwelling, which it intends to buy if possible, meets this decision nevertheless mostly, because it is content with exactly this. Also the search for a new and so far unknown personal "dream dwelling", in which one perhaps even thinks to spend its old age, is with certain unavoidable compromises regarding the exact floor plan, the situation and the equipment in the long run only the individual taste obligated undertaking. If, however, the property is to serve primarily asaretirement provision or capital investment, and for this purpose is to be rented out as profitably as possible or sold again at some point in the future, one must of course inevitably consider which regions and areas offer the best prospects for this, even in the medium and long term.

Assess potentials and risks correctly: Knowing what to buy where and at what price

While most market observers believe that the majority of apartments in city center locations (so-called "1a locations") in the German cities mentioned above are likely to become more attractive and thus increase in value, even in the long term, and are therefore mostly good and profitable to rent out, this assessment is not quite so clear-cut for condominiums in smaller or rural towns. Particularly in structurally weak regions, condominiums can still be surprisingly affordable in some cases, but it can be difficult to rent them out at reasonable prices. When deciding for or against such apartments that are not in such high demand (so-called "1b-locations"), it is therefore very important to closely observe the relevant local or regional housing market. In most cases, detailed advice from the bank that is usually financing the purchase is helpful here, but sufficient energy and time should also be devoted to conducting one's own research into the development of rents in the respective "target area", for example using rent indices, market statistics and real estate reports. Similar consideration should also be given to the decision-making process when buying an existing or new property. While the former are usually less expensive, they often entail higher follow-up costs in the form of maintenance, modernization, renovation and refurbishment. Almost universally, therefore, when buying existing real estate, it is recommended that an appraisal of the dwelling be carried out by independent experts. Such an investment can provide lasting protection against unpleasant surprises after the contract has been signed, and is also made a prerequisite by many banks when granting loans for used real estate. With newly built apartments, on the other hand, the price is also noticeably higher, but in return less must be calculated with corresponding later costs.

Short facts Acquisition of condominiums in Germany:

- Demand for condominiums in Germany continues to rise
- Prices are also rising, but are still moderate compared with the rest of Europe
- Long-term and precise planning of apartment purchases is and remains essential
- The most important fundamental decision remains intended owner-occupancy or third-party use
- Owner-occupiers decide many things for themselves,with external use above all also the market
- the market is never static, but develops constantly and sometimes erratically
- advantages and disadvantages of center or periphery should be considered as far as possible
- favorable old buildings can become later more expensive than high-priced new buildings