Maximum size of your first apartment: living space for owner-occupiers and capital investors – 4 tips

Size of a property – How big should my first condominium be? Micro-apartment, 2, 3 or even more rooms? This question is answered here by comparing living space for owner-occupancy and investment. In general, the number of square meters and the room layout are particularly important. You can learn everything else here!

Living space for owner-occupiers: criteria

Here, the focus is clearly on one’s own well-being. Also, one should have a view on the future, personal development, such as offspring. In no case should you think too “big”, because the larger the area, the higher the purchase price. Another point; The equipment you can always expand, the living space itself only in rare cases.

Here is a brief summary of the criteria for owner-occupants:

• Well-being has priority
• Plan sufficient living space for the future, e.g. family planning
• Area not too oversized > Purchase price, ancillary costs
• Equipment can be improved later

Living space for capital investors: criteria

When you buy a property as an investment, your main goal is to rent it out in order to generate sufficient cash flow. This is achieved by setting three goals. Firstly, a high rental yield, good rentability and low vacancy.

Here is an overview of the three goals:

1. High rental yield
2. Good rentability
3. Few vacancies

4 Tips for Investors: Exclusive Insiders

Here we have for you four exclusive tips for buying your condo.

Tip 1: Relation of size and number of rooms

At the beginning, the relation of size and number of rooms is very important. Example: A 120 m² apartment with 2 rooms is just as difficult to rent as a 60 m² apartment with 5 rooms.

Tip 2: Division of an apartment

Large apartments are more difficult to rent than small and medium-sized apartments, which is why their vacancy rate is also lower. In the long run, you can earn a good return on these apartments. So if you are offered a larger property in an A-location, you should think about renting it out as a shared apartment. Here, too, a high return can be expected.

With a four-room apartment that you rent to a family, the return is lower, but the tenant turnover is not as high.

Tip 3: Number of rooms and square meters

In the long term, typical apartments around 50 to 80 m² with 2 to 3 rooms have proven themselves.

Tip 4: Go for one-bedroom apartments

If you buy in a good A or B location, you should rather go for 20 to 40 m² one-bedroom apartments, because there are more and more singles on the market. With a smaller living space you achieve a higher rent per square meter.

The next step: ground lease

When dealing with the topic of ground leases for the first time, many questions arise. What is a ground lease and does it make sense? Also one wants to know whether one can deduct the costs of the ground lease, the ground rent from the tax? All your questions will be answered here. Learn in this article the advantages and disadvantages on the subject of ground lease for personal use and capital investment.

Existing or new building: advantages and disadvantages

When buying a home, in addition to the question of owner-occupancy or capital investment and return or investment property, one wonders whether to invest in existing or new construction. Both forms have their advantages and disadvantages. In this article, you will learn what they are.

• Existing or new construction