Property viewings: What to look out for?
Modernisation
Is a refurbishment of the kitchen, bathroom or guest toilet necessary? When buying an existing property, you should always seek advice from a specialist who can provide a realistic estimate of the costs involved in refurbishment and modernisation.
Information on living space
A survey carried out by an estate agent or an architect will help you to verify the actual living and usable areas. At RIEDEL Immobilien, all floor plans are re-measured and redrawn by our in-house architect.
Cellar
Damp in the cellar is one of the most difficult problems to identify. Without expert help, it is very difficult to resolve the issue, and damp in the cellar usually recurs at irregular intervals.
Building services
In addition to the heating system, the entire plumbing and electrical wiring must be inspected. Under the Energy Saving Ordinance (EnEV), old boilers must be replaced when the property is sold.
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Documents required for a mortgage
When assessing a property loan application, the bank requires various documents relating to your personal details, your income, your assets and the property itself. Gathering these documents well in advance makes the process smoother and can save you valuable time. This can be crucial, particularly in a competitive property market such as Munich. - FinanzierungKaufen
How long should the fixed-rate period be?
A longer fixed-rate period offers planning security, whilst a shorter term may offer more favourable terms, depending on market conditions. Which option makes sense depends on your financial situation, the outstanding balance and your personal plans. - FinanzierungKaufen
Plan your follow-up financing in good time
When the fixed-rate period on your mortgage comes to an end, there is often still a balance outstanding. There are various options available to you for refinancing. Which option makes sense and when you should arrange it depends on your personal circumstances and interest rate trends. - FinanzierungKaufen
Mortgages for the over-60s
There is no statutory age limit for mortgages. The key factors are your financial situation and whether you will still be able to afford the monthly repayments once you retire.

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