Real estate guide
The place to go for your questions on the subject of real estate
In hardly any other city is there as much talk about real estate as in Munich. Unfortunately, however, there are more half-truths than really well-founded information about prices, valuations, purchase contracts, financing and renting real estate.
RIEDEL's experts will help you to answer your questions about real estate in Munich in a competent and fact-based manner.
How is real estate valued?
There are three standardised methods for determining the value of real estate in Germany: the comparative value method, the capitalised earnings value method and the asset value method. The aim of the valuation is to determine the market value of the property.Is new construction generally more expensive than a used property?
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.What ancillary costs must be expected when buying real estate?
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.How much equity do I need to buy a home?
The exact amount of equity to be contributed depends on the financial and income situation of the potential buyer as well as the location and risk profile of the property.What are the arguments in favour of buying a new-build property?
The buyer can often incorporate his or her own ideas regarding the interior and room design.What does the building specification of a new building regulate?
When purchasing a newly built property, a building description is attached to the certified purchase contract as an essential part.If I am buying from a developer, can I put in my own work?
Most property developers largely exclude the purchaser's own contribution, as delimitation problems arise with regard to warranty and defect removal claims.What initial amortization do you recommend for real estate loans?
The amount of repayment determines the total term of the financing.Is real estate financing still possible when you are over 50?
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.How is a renovation sensibly financed?
This depends on the income situation as well as the use. In other words, whether the property is acquired for own use or as an investment.What is meant by a land register?
Land and rights equivalent to land (e.g. heritable building rights) are a delimited part of the earth's surface (§ 905 BGB) and are registered in the land register.What is a "ground lease" anyway?
The "hereditary lease" is prohibited by law in Germany today. Colloquially, however, the "Erbbaurecht" is often referred to as "Erbpacht". Read on to find out everything you need to know about "hereditary leasehold".What is meant by a "sole mandate"?
In German brokerage law, a broker's sole commission is a contract that defines an exclusive contractual relationship between a broker and the client. Read everything important on the subject of "sole commission" here.What do you need to consider when buying income property?
The risk profile of the property should be comprehensively assessed as part of a "due diligence", i.e. a simple consideration of the gross yield is certainly not sufficient. Learn about the necessary assessment steps here.How can I value my single family home?
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).What is meant by standard land value?
The responsible expert committee evaluates all property sales and uses them to determine location-specific "standard land values", which are usually published every two years.What are the costs of donating a property?
This depends, among other things, on the value of the property in conjunction with the tax allowances. Consultation with a tax advisor or accountant with corresponding costs is advisable.Approximately how long does it take to rent an apartment?
The marketing period is highly dependent on the attractiveness of the property, the selected rental price and the sales concept. Find out here how RIEDEL Immobilien goes about letting your property and how long the process takes.What styles of old buildings can be distinguished?
The architecture of the 20th century was essentially shaped by four architectural styles. The design and conception of each architectural style depended on the technological and constructive possibilities of the time.What is a declaration of division?
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.What is important to look out for during the visit?
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?
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