Spacious art nouveau villa half from 1901

If only the price per m² of living space is taken into account, new buildings can be up to 50 % more expensive than existing properties.

This depends on the income situation as well as on the amount of equity capital invested in order to enable an extensive debt relief until retirement age.

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.

Most property developers largely exclude the purchaser's own contribution, as delimitation problems arise with regard to warranty and defect removal claims.

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.