Rent + buy in Mönchengladbach! Avoid typical mistakes – Broker interview

Real Estate Agent Interview Mönchengladbach – You want to buy or rent a house or an apartment in Mönchengladbach? But you are still missing the right How Know? Then you are exactly right here. We have spoken with a real estate agent from Mönchengladbach! Basically, it is first important to find the right type of property, whether apartment or penthouse, you must be satisfied in the long term. You can expect exciting topics about additional costs, recommendations and popular districts in Mönchengladbach. Back to overview: Real estate agents Mönchengladbach.

Rent, buy, live in Mönchengladbach

Our interview partner, has specialized in the mediation, selling and renting of real estate in Mönchengladbach, Grevenbroich, Neuss and Erkelenz. We have talked with the real estate agent from Mönchengladbach in an interview about attractive districts, financing options and the Gladbach real estate market. Here you can find out everything about buying your first home, different types of houses and types of apartments.

Mönchengladbach at a glance:

Microlocation Mönchengladbach:

Rentals: Child-friendly neighborhoods

You have decided to rent a house or apartment? Then you should definitely know more about bedroom furnishing and beautiful terrace design. Home is where you feel comfortable!

Purchase: Incidental expenses and credit

Find your new home in attractive districts of Mönchengladbach such as Rheydt, Odenkirchen or Wickrath and avoid serious mistakes in your purchase! You can find the 5 steps guide in this article. Are you also interested in other cities in NRW? We have selected other interesting cities for you, such as Düsseldorf, Aachen and Duisburg.

Interview: Real estate in Mönchengladbach

We talked to a real estate agent from Mönchengladbach about the current real estate market, prices, taxes and apartments as an investment. In this article you will also get a checklist to help you avoid typical mistakes and unnecessary costs.

Interviewee Di Lorenzo: Real estate market

FIV: Before we talk about Mönchengladbach and its real estate market and your recommendations for tenants and buyers, we would like to know a little more about your agency Di Lorenzo Immobilien. Could you briefly summarize for our readers what your agency does and what you specialize in?

Di Lorenzo: Dear FIV team, first of all, thank you for choosing us among the best 10 real estate agents! Our real estate agency is specialized in real estate sales and rentals. We sell and rent all types of real estate. From single family homes to large investment or commercial properties. We also provide appraisals for developed and undeveloped land. We specialize in giving the client an answer really in every direction.

Architectural planning, building damage surveys & construction of real estate

We certainly have a unique selling point in Mönchengladbach because we operate under one roof together with our cooperating architectural and expert office. Here the customers receive architect planning, building damage expertises and consultation approximately around the building of real estates. Through our many years of experience and through our constant further training in every direction of the real estate sector, we can really give our customers a great deal of assistance.

The proximity to the market and the large number of sales and rentals mean that we are still learning, even after so many years. We try to offer our customers real added value and see ourselves as a service provider with heart and mind. In addition to all the knowledge, it is also important to offer people a strong shoulder, an open ear and a lot of empathy. That is the beauty of our profession! We can help people even in difficult phases of life, which often entail a house sale, and pave an easier way for you into a new phase of life.

FIV: As an estate agent in Mönchengladbach, which properties do you personally prefer to broker?

Di Lorenzo: We prefer to broker single-family houses, multi-family houses and apartments.

Single-family house in Mönchengladbach:

Districts with a future: Wickrath, Odenkirchen to city center

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

Di Lorenzo: There are many beautiful districts in Mönchengladbach. All the surrounding districts such as Giesenkirchen, Odenkirchen, Rheindahlen, Wickrath, Hockstein, Schmölderpark, Pongs, Venn, Hamern, Windberg offer very beautiful and rural living space in many places and are very popular with families. The Bunte Garten, Großheide and also Windberg are among the high-priced districts that are equally popular with families and singles. Mönchengladbach Oberstadt, part of Bruckner Allee and also Mönchengladbach city center, also in the direction of the University of Applied Sciences are rather popular with younger people.

Desirable neighborhoods:

• Odenkirchen
• Wickrath
• Hockstein
• Giesenkirchen
• Windberg

Popular district: Wickrath

Development of rental prices: Rising rents

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

Di Lorenzo: The real estate market in Mönchengladbach rose later than in the surrounding cities. In recent years, however, Mönchengladbach has also followed suit, but is still below average compared with NRW and Germany. Last year, rental prices in Mönchengladbach also rose sharply. I think that the level will now consolidate and no longer rise so considerably.

Rent or buy as a young couple?

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

Di Lorenzo: It always depends on how much people can afford. If it’s feasible, I advise everyone to buy. But it also has to be compatible with income and capital. It should not be bought at any price. If you can afford to buy property as a young person, then a small apartment is a good start to build on later.

You can then use the proceeds to buy a larger property in a few years, since you can save up equity through the apartment. This is more likely to be possible in Mönchengladbach than in surrounding larger cities.

Facade of an old building apartment in Mönchengladbach:

Home ownership and condominium: follow-up costs

FIV: Anyone who rents in Mönchengladbach 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?

Di Lorenzo: When you buy a property, you should consider whether it can also be rented out well in the event of a move and whether the rent will cover the loan in an emergency. Mistakes I see first-time buyers make is that they see the low rate at the beginning, because the interest rates on loans have been very low in the past. Some buyers want to own a home at any cost, but don’t think about the subsequent costs.

Financial plan: Avoid unexpected surprises

Here you should have a good financial plan, because many properties can also bring surprises, e.g. special allocations for condominiums, renovations, refinancing of the loan after the fixed interest rate. First-time buyers should seek advice from a professional. Real estate agents in cooperation with a good financing advisor can be of good help here.

Living and dining area in a Gladbach apartment:

Service charges and taxes: Everything you should know!

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

Di Lorenzo: On the one hand, there are the typical ancillary purchase costs that the buyer always incurs when making a purchase. Land transfer tax 6.5% of the purchase price, notary’s fee and land registry costs approx. 1.8% of the purchase price, and, if applicable, brokerage costs 3.57% of the purchase price. But then you should also have the renovation costs estimated by a professional. Also the removal causes costs, which one should not disregard.

Incidental purchase costs:

• Real estate transfer tax: 6.5%
• Notary fee/land registry costs: 1.8%
• Brokerage costs: 3.57%

Real estate as a capital investment & future opportunity

FIV: Mönchengladbach districts for real estate investment – Let’s move on to real estate as a capital investment in Mönchengladbach, for those who want to buy and rent. If our*r reader*in decides for the purchase, with following letting: Which 2 districts or satellites around Mönchengladbach would you recommend to a buyer for their capital investment in Mönchengladbach? In your opinion as an expert, where do the most future opportunities lie?

Di Lorenzo: There are many parts of town that would be suitable. However, when I compare the purchase prices and the rents, I would rather buy in good surrounding locations of Mönchengladbach. At the Bunten Garten, the rents are high, but also the purchase prices have risen to such an extent that you don’t get a good return here, so I would rather point in the direction of Windberg or other surrounding districts such as Hockstein.

Di Lorenzo team photo:

Investing in different types of real estate such as apartments & plots of land

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

Di Lorenzo: I would buy an existing property that has manageable renovation costs. Condominiums are always a good investment for small investors and will be profitable in the future. An investor with a lot of equity should go in several directions (apartments, MFH, land) and spread his capital to have a lower risk. Mönchengladbach is a city with rather low income, so you will surely get a condominium rented.

Tips and first steps in buying real estate: avoid mistakes

FIV: You mentioned the typical mistakes in buying a property. Many buy, but some also want to sell. As an experienced real estate agent in Mönchengladbach, 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 successfully sell a property in Mönchengladbach?

Avoid mistakes from the beginning – Step 1

Di Lorenzo: There are many pitfalls here, too. But you don’t realize that until you’re in the middle of it. Selling real estate doesn’t just mean taking photos, putting them online and writing a little text and I’m already sitting at the notary’s office. Many of my clients have experienced the opposite and come to us for professional help after an unhappy start to the sale. You have to check many things. First of all, the right selling price is very important, which many sellers first of all estimate incorrectly and thus delay the sale.

Documents for the sale and legal basis – Step 2

As a seller, you need to know what documents you all need to provide. What is the legal situation with my property. Are there encumbrances and rights in the land register, are all the components of the house approved, what do I have to tell the seller, what about liability for false statements, even if they happen unknowingly. Nowadays the banks want to receive complete plans and living space calculations from the architect. Are there building encumbrances, are the costs of the adjoining owners settled, is there an energy certificate, etc.?

A good plan is the key – Step 3

You sell successfully if you have a good plan, set the right sales price and have all documents complete. Floor plans, building plans, building description, calculation of living space, building insurance, notice of real estate tax, certificate of occupancy (not older than 3 months), information on building encumbrances (not older than 3 months), cadastral map (not older than 3 months), energy certificate (not older than 10 years), extract from the land register (not older than 3 months), in the case of condominiums the declaration of division and the certificate of seclusion, minutes of the meeting, utility bills, reserve account. If the declaration of division is amended, the deed of amendment and any other documents recorded in the land register are required.

• Floor plans
• Construction plans
• Building description
• Living space
• Building insurance
• Property tax notice
• Residents’ certificate
• Information on building encumbrances
• Parcel map
• Energy certificate
• Land register excerpt

Checking the land charge in the land register – Step 4

You should also check whether a land charge without a certificate or a certificated land charge is entered in the land register. If it is a securitized land charge, then you need to find the land charge certificate in your documents, if it is no longer with the bank. If you have checked and collected all this, then you are one step further. If you know everything about the condition of your house and create nice pictures and write a good text about it, then you can put the property online in the common real estate portals. After you have received some inquiries, you should check who will enter your house soon.

Not Every Prospect Should Be In Your House – Step 5

Do not let just anyone into your home. People should provide you with their complete contact information. If the viewing appointments are successful, then you can hand over all the documents to the customer for the bank. You must then wait to see if the prospective buyer receives written confirmation of financing. You will not get any information from the bank, so you have to wait for the potential buyer’s response. Check the financing confirmation for correctness and authenticity! If everything is correct, then you can give all the details of the sale to the notary, which the buyer may choose. Then wait until the buyer has paid.

If the buyer has paid, then you may hand over the keys. During the handover, any discrepancies, meter readings, number of keys, documents and costs still to be settled, e.g. insurance, property tax, should be handed over.

Get good advice from a professional. You will save a lot of nerves and also money. A good and reputable broker will advise you without obligation and free of charge and will definitely bring you added value.

Rent, buy, live in Mönchengladbach

The real estate market in Braunschweig is large and for this reason it is important to find the best real estate agent for you. In our overview you will find the 10 best real estate agents from Braunschweig, who can make your dream of your property possible.

• Broker Mönchengladbach

Thanks to Di Lorenzo Real Estate for the interview!

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