Spacious 2-family house in best location

When buying a property, you must expect the following ancillary acquisition costs: Land transfer tax, notary and land registry fees, brokerage fees and bank charges.

The declaration of division is regulated in § 8 of the Condominium Act (WEG). The declaration of division can be described as the "statutes" or "basic law" of a divided property, as all the essential rights and obligations of the co-owners are established here.

Before buying a property, the building fabric and building services should be examined in detail. In the case of houses, the building must be thoroughly examined from the outside. Are the facade, windows and doors in order? Is there a need for repair? The gutters, downpipes and exterior lighting should also be considered.

The marketing period is highly dependent on the attractiveness of the property, the selected rental price and the sales concept. In a first step, RIEDEL Immobilien analyses the marketing opportunities of a property, develops a sales concept adapted to the property and recommends a rental price in line with the market.

Excellent market knowledge is essential for the valuation of single-family homes. In Germany, an owner-occupied single-family house is generally valued using the asset value method (§§ 21-23 ImmoWertV).