top of page


Public·19 members

Buy House Berlin

Properties in some German cities tend to be cheaper than in other European countries. Most city properties are apartments, with houses more commonly available in suburban areas. Broadly speaking, rural areas tend to be cheaper than cities.

buy house berlin

No matter where in the world you are, buying a house is never purely a matter of the asking price. There are lots of hidden fees and taxes involved as well. Make sure you are aware of all the costs before you commit to buying a house in Germany.

If you used a real estate agent to help you find a house you may incur charges, somewhere in the region of 3,5 to 8% of the sale price, plus VAT at 19%. Since December 2020, it has been a legal requirement for the seller and the buyer to split the estate agent's fee equally between them.

A rent-to-own home is also called a lease-to-own home. This occurs when a potential buyer agrees to rent the home for a period of time (typically one to five years) before buying it from the homeowner. During this period, the buyer pays rent to bring down the overall cost to buy the house. This makes the purchase more affordable to the buyer, while the homeowner is able to bring in a little rental income along the way.

It is also worth noting that during this period the owner of the property will still have the responsibilities associated with making sure the house is safe and livable, this means things like maintenance will be done by the landlord.

Next, meet with a financial advisor or accountant to help organize your money. This person should help you set a budget for what you can afford for rent and the premium rate to buy into a house. This expert can also give you tips for building up your credit and increasing the chances that the bank will approve your mortgage application in a few years.

But you still need to keep in mind that the best choice of units, at the most attractive prices, always occurs at the beginning of the sales phase. By the time a new project is delivering, only the most expensive penthouses are left (if at all), and market prices have increased significantly, often by more than 1,000 Euro per square meter!

To answer this question, we need to take a closer look at the German housing market, as it might be different from what you are used to at home. Germany is, generally speaking, a rental nation. Only 43% of all households are owned property, which is way lower than the European average of around 70%.

While buying a house is seen as a lifetime achievement in some countries, this is not necessarily the case in Germany. Rental laws are very consumer-friendly, and it is not uncommon for Germans to live in one rented flat for most of their lives. Furthermore, most Germans who own a house purchase it to make it their own family home rather than to use it as an investment and rent it out.

So whether buying a house in Germany is worth it depends on your views on property ownership, your finances, and your intentions with the house. You can take a look at the buying or renting calculator from Hypofriend to get more details on your individual situation. Hypofriend is an expat-friendly all-digital mortgage service.

Experts recommend having 20-30% of the property price available as equity capital. The more equity you have, the better conditions for a mortgage you will get. So how much money you need upfront to buy a house in Germany depends on the purchase price of the house.

Next to equity capital and a mortgage, prepare yourself for the following extra expenses. They are based on the purchase price of the house or apartment, which you need to have available on top of your equity capital. These can easily add up to additional 5 figure costs, as you can see with the examples provided.

Next to understanding the total cost involved in buying a house, the best way to approach buying a house or apartment in Germany is to figure out your finances first. Start by calculating how much mortgage you can afford and hence how much your desired house can cost. You can do so with the calculator of Loanlink24.

In 2020, the average cost per square meter for buying your own house was 2.750 euros. Similar to rental prices, the costs for buying a house have drastically increased in the past decade, especially in the bigger cities. The prices are mainly driven by increased demand and too little living space on the market. Here is an example of the average square meter price for buying a house in the largest German cities:

Next to actively looking for your dream house online, you can also hire a real estate agent to scout for the property you have in mind. This way, you may also see properties that are not announced yet on the different online portals.

You cannot become the owner of a house, apartment, or any land without using the services of a notary in Germany. The notary mostly acts as a middleman between the seller and buyer and protects the accuracy of the land registry. You can also use the notary as an escrow service, meaning that you pay the downpayment to the notary, and only after signing the contract and everything working out will the notary forward the payment to the seller.

The oversized fir trees that surrounded the house they found were the initial inspiration for what came to be known as the Waldhaus. Built in just one year, the project was an experiment in hand-building a sustainable timber house without a construction company. With its steep gable roof, black-painted larch walls and rustic setting, the Waldhaus now looks like something out of an urban fairytale. Here the couple share their experience of designing a family home, and the mix of cutting-edge, sustainable materials and traditional German craftsmanship that drove the build.

The block is on a quiet street in Pankow, a characterful suburb in East Berlin with a mix of housing, including old villas, houses from the Thirties and post-war housing, with the Schonhausen Palace and parklands nearby.

Insa: Another important aspect of this house for us was the choice of colours. There are many lacquered wood surfaces, including the floorboards, fitted wardrobes and doors, all built to our specifications by a carpenter.

When designing the home, we also incorporated a lot of built-in cabinetry and bookcases to keep the different spaces organised and uncluttered. We also have a generous entrance room for hanging coats and taking off muddy boots before entering the rest of the house.

We are a real estate solutions and investment firm that specializes in helping homeowners get rid of burdensome houses fast. We are investors and problem solvers who can buy your house fast with a fair all cash offer.

At the end of the day, this is about making your house a home. The emotional elements, and those determined by your lifestyle cannot be calculated using a formula, yet they still have a large bearing on your decision. Renting an apartment in a particular neighbourhood can make you feel a part of that community, but buying an apartment there makes you feel like you truly belong. You can plant roots in the area, buy your dream home, and make a real home for yourself and your family. Check out our Berlin neighbourhood guide to find your dream apartment in your ideal location.

First things first. If you want to build a house, the first thing you need to do is to find a suitable plot of land. Both free plots of land and plots with old properties should be considered. You will have to pay demolition costs for the existing house, but the land itself is often cheaper, so that the costs balance each other out. With the demolition costs you have to consider that you cannot co-finance them. You will have to pay them from your savings. Especially if your savings are small, it is better to find a free plot of land.

You shouldn't compromise with the plot of land. After all, it determines where you will live for the next few years. Once the house is built, it can no longer be moved. Therefore, you should check the plot thoroughly to see if it meets your requirements and if you are allowed to realize your desired building project at all.

If you build a new house, the additional purchase costs are significantly lower than for an existing property or the purchase of a finished new build. When you build yourself, you pay property transfer tax, notary and real estate agent only for the plot of land you buy from the seller, but not for your own building project or any construction costs. In this way you reduce the additional purchase costs enormously.

Let's say you buy a plot of land in Berlin for 250,000 and the building of the house costs an additional 400,000 euros. All in all you spend 650.000 Euro. The purchase costs including real estate commission can make up about 15 percent of the purchase price. But in your case, only of the land. That is 37,500 euros. If, on the other hand, you were to purchase the house already built, the purchase costs would have to be paid on the full 650,000 euros. This would result in total purchase fees of 97,500 euros.

The development is important so that your house can later be supplied with electricity and water and the sewage can be drained off. However, there are also plots of land that are already partly or completely developed. You want to inform yourself about this before you buy in order to calculate the costs.

When building a house you have to keep in mind that you will have to pay costs already during the construction phase. You already pay interest on the disbursed loan and in case of delay you also pay commitment fees. However, you cannot yet live in the house and therefore have a double burden of rent and interest payments, that you need to budget for.

Once you have found your plot of land, you need to think about what kind of house you want to build. Should it be a single or two-family house? Do you rather imagine a bungalow without barriers or a multi-storey house? Think not only about what you feel like, but also about how your needs might change in the future. Do you need more space in a few years because you are planning a family or your parents will also live in the house? Are your children already out of the house and you would like to reduce the size of your house and find something suitable for the age? Try to think about as many variables as possible. 041b061a72


Welcome to the group! You can connect with other members, ge...
Group Page: Groups_SingleGroup
bottom of page