Living in Hannover – rent, districts & investment: real estate agent interview

Rent or buy in Hannover. Not only practical, beautiful new buildings, but also historic old buildings from the Wilhelminian period can be found here. The real estate agent Mirko Kaminski tells everything important about Hannover in his interview with FIV Magazine. Should you rather buy and rent? How good are the returns in Hannover and its surroundings? And which districts are the most beautiful in all of Hanover to live? That and more you will learn here in this article. More broker recommendations for Hanover and surroundings. Also in Germany in our article: Estate Agents Germany

Rent, buy, live in Hanover

A good start in the real estate world is always the purchase of the first apartment. Mirko Kaminski explains in his interview with FIV Magazine his experiences with real estate in a good B-location. The yield here depends on the type of house or apartment. For example, micro apartments have different exploitation possibilities than single-family houses. The meso location is also decisive in pricing, whether in Kirchrode, Misburg and other districts such as Bothfeld or Vahrenheide.

Here is Hanover in Germany:

Hanover from close up:

Rent: Contract and settlement

After the successful purchase of the property and the execution of the purchase contract, you naturally want to furnish your newly acquired property according to your individual needs. From the living room furnishings, to the garden design, nothing stands in their way of your creative imagination.

Buy: Return on investment through real estate

In our interview you will learn everything about real estate and returns in Hannover. Should you buy a property in Hannover or is it more worthwhile to buy nearby, for example in Hildesheim or Langenhagen?

Real estate agent interview about real estate in Hannover

The first condominium or real estate as an investment? In this interview you will learn the most important tips & tricks. Buy, rent, live in Hannover but also tips for capital investments. We ask the questions, he provides the answers.

Arthax real estate agents: Interview partner

FIV: Before we go into Hannover and its real estate market and your recommendations for tenants and buyers, we would like to know a little more about your agency arthax-immobilien.de. Could you briefly summarize for our readers what your agency does and what you specialize in?

Mirko Kaminski: With arthax-immobilien.de we let, sell and administer for well 20 years, in and around Hanover, each real estate with heart and mind. We are not only digital, but with our central store office above all personally responsive and attainable. On top of that, with our experience as administrators, we advise and accompany property owners better and longer than pure real estate agents can.

Digitally, we are present on social media and operate a blog with real estate topics.
We specialize in the sale of residential real estate in and around Hanover and the management of small and medium-sized owner associations.

Favorite real estate in the city: monument protection and historic buildings

FIV: As a real estate agent in Hanover, which properties do you personally prefer to broker?

Mirko Kaminski: For us, it doesn’t always have to be square, practical and good, like many new buildings. Properties also have corners and edges, and some of them can even still tell nice stories. That’s why we prefer to broker historic old buildings from the Wilhelminian, Bauhaus and Brick Expressionist eras, and when choosing our store office, we deliberately opted for a listed old brick building in the beautiful Vahrenwald-List district of Hanover.

Real estate agent Mirko Kaminski:

Districts with a future: Linden & Kronsrode

FIV: Neighborhoods for Singles, Families & Co. – For those who do not yet live in Hannover and want to move to Hannover, which neighborhoods have a future? Where should you move to in Hannover if you want to live nicely?

Mirko Kaminski: As we all know, beauty is in the eye of the beholder. The Leibniz City of Hannover is a large city with currently 51 districts. Each district has something special and is excellently accessible by public transport and bicycle.

For whom which district is best suited in the respective phase of life depends on personal factors.

While students are drawn to the vicinity of universities, families are looking for short distances to daycare centers, schools and work. Senior citizens are happy to forego their cars and seek more leisure and culture. The List, Oststadt, Südstadt, Linden and Nordstadt districts will always remain popular classics. However, Kronsrode is currently being developed as a completely new district.

Real estate market development: planning, constraints & adjustments

FIV: Rents are a big topic, all over Germany. How has the real estate market and rental prices in Hannover developed in recent years and how will they develop in the future?

Mirko Kaminski: Housing must be worthwhile, for landlords as well as tenants. New construction and maintenance of real estate involve a lot of planning, requirements and energy-related adjustments, and skilled workers and materials remain scarce.

So if new construction is to continue and existing properties are to be maintained, the costs will have to be financed through corresponding rents. Like all prices, these will continue to rise. Only policymakers can put the brakes on this, most sensibly by promoting sufficient new housing.

FIV: In Germany, more people rent than buy. What would you recommend to a young couple or even a single person, rent or buy in Hanover

Mirko Kaminski: The search for the right property is always a search for compromises. Before property is purchased, the possibilities of long-term financing (first discussion with the house bank) must be secured and the location of the property must fit the current life situation. Until then, renting is more flexible than buying, and will be again in old age anyway.

First condominium in Hanover: mistakes & experiences

FIV: Anyone who rents in Hannover is relatively flexible and can move if necessary. Anyone who buys a property, whether a home or a condominium, is at least tied to the property for the long term by the loan or financing. What are typical first-time buyer mistakes from your experience as a real estate agent and how can you avoid them?

So let him who commits himself for ever test himself, and see if he can’t find something better…

Mirko Kaminski: Once the purchase of a property has been decided, you remain tied down, i.e. immobile.

In no time at all, however, a change in family plans can throw a spanner in the works, as can a career change, job loss, accident, prolonged illness, divorce, a new financing agreement or major repairs and modernization to the property itself. Every buyer should therefore be aware of all the risks before buying and always have enough money in his or her piggy bank, and not just for the next vacation trip.

Incidental purchase costs and land transfer tax: Acquisition of a property

FIV: The purchase price of a property is one thing, but what ancillary costs and taxes must buyers in Hanover expect?

Mirko Kaminski: Every real estate purchase price is increased by their ancillary purchase costs. These are mainly the land transfer tax of the respective federal state (5% in Lower Saxony) and about 2% notary and court costs, calculated on the purchase price.

But also the costs for the distribution in the commercial real estate brokerage (brokerage fee or developer sales) play a role. While a broker’s fee is usually openly communicated in the exposé (3% buyer’s fee, 3% seller’s fee), a developer’s sales costs remain only an internal component of the real estate price.

However, the acquisition of a property also triggers other costs. These include ongoing management costs, maintenance and repairs. In the medium to long term, costs for refurbishment, modernization and renovation will also be necessary. In addition, a new fitted kitchen will become due sooner or later.

• Real estate transfer tax: 5%
• Notary fees: 2%
• Buyer and seller fee: 3%

The office of the Arthax real estate agency:

Rent or lease: Investments & Districts

FIV: Hanover districts for real estate investment – we come still to real estates as capital investment in Hanover, for those, which want to buy and let. If our*r Leser*in decides for the purchase, with following letting: Which 2 districts or even satellites around Hannover, would you recommend to a buyer for their capital investment in Hannover? In your opinion as an expert, where do the most future opportunities lie?

Mirko Kaminski: My favorites are central districts like Vahrenwald-List or Südstadt. Every location, location, location… has certain advantages and disadvantages. What would always be important to me would be urbanity, infrastructure and that the buyer is so convinced of the property himself that he would want to live in it himself at any time.

Politicians are currently planning to build 400,000 new homes a year. Many attractive new housing developments will be built in and around Hannover, and we can’t wait to see them.

Investment tips: Beginner or Expert?

FIV: In your opinion, what type of real estate has a future in Hannover, what should one invest in? Small, large, existing, new construction?

Mirko Kaminski: Definitely the condominium. A condominium that is still rented out today will be paid off in the near future. It is then suitable for owner-occupation or to supplement the pension. This form of capital investment is therefore a valuable component of one’s own retirement provision.

New buildings generally offer a much higher energy standard and accessibility at a significantly higher purchase price.

Selling a house or apartment in Hannover: what to do?

FIV: Finally, one more question: You had mentioned the typical mistakes buying a property. Many buy, but some also want to sell. As an experienced real estate agent in Hanover, what tips can you give to those who are selling a property for the first time? What are the first steps and how do you sell a property in Hanover successfully?

Mirko Kaminski: There are specialists for everything in life. A free real estate appraisal, which can be carried out conveniently in just a few minutes on the Internet, is a first indication. An independent real estate appraisal can provide more information about the actual value of the property.

However, a local real estate agent who has been working successfully in the immediate vicinity for many years not only surpasses the statistical purchase price predictions of the Internet and expert opinions, but also ensures an all-round smooth process. This starts with the procurement and preparation of important documents necessary for the sale, continues with the obtaining of official information, the preparation and accompaniment of the notary appointment, and ends with the orderly handover of the property.

He also has a well-kept file of demonstrably pre-registered prospective buyers and the best references.

As a digital professional, he has a wide reach, and on top of that, he is personally approachable and can be visited in his attractive offices.

FIV: Thanks to arthax-immobilien.de for the interview!

Buying your first apartment: Owner occupation or capital investment

You want to realize the dream of the first own property, but do not know where to start? Learn everything about the first home and the most important steps in our article.

• Buy first apartment

Rent, buy, live in Hanover

For the realization of their dream of the first home, whether you rent with or buy, and how to achieve the maximum return in Hanover learn in our article about realtors in Hanover.

• Real estate agent in Hannover